Market View 6 October 2011

Ok, so Wall Street ended in the green for
consecutive days and I know that many readers
will be wondering whether the thunderstorm is
over or is it just that we are in the hurricane eye.

My personal view is that we are in a rebound
now as the markets are oversold and this is
quite normal in a volatile stage we are in.
But do take note of the recent low of the stocks
and indexes, and if it is not breached in the near
term, it may have hit an interim-low. If the
rebound continues, then a trend will be formed,
an upside trend, for all who wish to know. 8-)
It is likely that volatile and irrational trading will
continue, but frankly, it is not really entirely a
bad thing, just watch out for the recent low.

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山 

别人笑我太疯颠，我笑别人看不穿