Market View 9 November 2011

Very Interestingly, a few readers skyped or emailed
me yesterday and asked whether the "Big Crash"
is coming after what I wrote in the blog. Well, I have
to re-iterate that I am just voicing out my concerns
and how I feel about the article on The Sunday Times.
What I mentioned may or may not materialise and
it is definitely not up to me to determine its course.
Let Mr Market show you the path and you just need
to take the path of least resistance.

A number of readers are also concern about how STX OSV,
Genting and Noble will be heading, so I will give you
my take on the stocks. From what I can see from the chart,
STX OSV will have a breakout pretty soon. It nearest
resistance is the recent high of 1.16 and a breakout
above it will propel it pass the 1.195 resistance and
the next resistance will be around the 1.26-1.27 region.
Genting is at a cross-road now and further upside will be
capped at around the 1.82-1.83 region and support will
be at 1.71
Noble will be announcing its result today and looking
at its last few days of movement, it should be a decent
reporting. Further upside can be seen to be heading
toward 1.69-1.70 after clearing the immediate resistance
at 1.63 But do take note that if there is a sell on news,
the next support will be at  1.57-1.58

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