Market View 1 November 2011

The first trading day of November and
it is likely another weaker day but I expect
to see a good month ahead. To me, a
pullback now is a very good opportunity to
pick up some bargain in anticipation of a
year-end rally which I strongly believe will come.
You can choose to ignore and disbelieve what I
say, and only time and Mr Market can prove
me wrong in the days ahead.

I mentioned that I believe that stocks should
pullback 5-8% from the recent high and it
is looking very likely the case. Some skype
members asked whether they can contra the
counters when it is within range. Usually, I don't
really trade the stocks in the red unless I see
that a rebound is coming. I will pump money
into the stock and not contra or intra trade them.
But if you are really game for it, you can put in
a small position and have a cut-loss level in-place.

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