Nicolas Darvas Box Theory Trading Method

Investing Seminar

Timeless You

Monday, December 5, 2011

Market View 5 December 2011

I will keep today blog entry short as there
isn't really a lot of a big changes to the
market lately.

Last Friday, I specifically mentioned that
Genting will face strong resistance at the
1.57 level, and guess what, its high was at
that level and closed on the point too.
It should be able to breech it today and make
a test on higher ground but just remember this
1.57 level if the stock weakens.
STX OSV also hit the 1.24 resistance level I
mentioned and reversed to close at 1.235
I am aware that there is only 1 lot transacted at
1.24 very near to the closing bell, and it is not
my doing. I don't need to buy the stock at this
level just to prove anything.
I mentioned that Noble will be very bullish once
it past the 1.205 mark and indeed it was the case.
It surged to a closing figure of 1.23 after the
significant resistance was overcome. Remember this
1.205 resistance-turned-support when the selling comes.
Next resistance for Noble will be at the 1.28 level but
1.205 die-die need to hold.

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   

No comments:

Disclaimer:

Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

Chat with me