Wall Street suffered heavy losses in overnight
trade as the fears and worries of another
global recession sent stocks tumbling down.
Dow crashed 4.3% or 513 points to close at
11383, very near to the "magical" number that
I told a few readers who asked. Nasdaq plunged
5% and S&P 500 also down 4.8% I am sticking
my head with my next expectation but I believe
that the Dow will find very good support around
the 11350 level and it will be tested and tested
but don't ask me whether it will be broken.
With the Nikkei falling as much as 4% in early
trade, it is a certainty that we will open deeply
in the red. I believe if there are greens in the
sea of reds later, then it will be a very "supported"
stock and I don't mind lending it more support.
If you ask me whether I am buying today, then the
answer will be a resounding "YES" but I will be
cautious to go in rashly in any counter. I still like
STX OSV and the palm oil counters and believe
they will be the star winner after the storm had
blown pass.
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
Nicolas Darvas Box Theory Trading Method
Investing Seminar
Timeless You
Friday, August 5, 2011
Wednesday, August 3, 2011
Market View 3 August 2011
Dow fell for a straight 7 days and it seems
like the selling is gaining pace and strength.
At this stage, some readers may be wondering
when will the rebound come as it has been
so many days of selling. My view is that,
yes, we may see a slight rebound soon,
but Dow is heading toward a "magical" number,
then only will the selling weaken.
Looking at the pre-market quotes, it is going
to be a "red-lettered" day again. Yesterday is
only the first significant day of selling while
the Dow had been down in consecutive days,
we are basking in the sun. The selling seems
will continue for this whole week, in my view.
I have been writing about such selling/sell-off
for a couple of days, and I hope that the members
have been pre-warned.
If you know what you are doing and really want
to make money from Mr Market at this moment,
then stick to the greens in a pool of reds.
I believe there won't be much of this opportunities
currently, but just keep your eyes open,
and they might just pop-up from somewhere.
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
P.S.: I have an important breakfast meet-up tomorrow
morning, so the Market View will not be available.
like the selling is gaining pace and strength.
At this stage, some readers may be wondering
when will the rebound come as it has been
so many days of selling. My view is that,
yes, we may see a slight rebound soon,
but Dow is heading toward a "magical" number,
then only will the selling weaken.
Looking at the pre-market quotes, it is going
to be a "red-lettered" day again. Yesterday is
only the first significant day of selling while
the Dow had been down in consecutive days,
we are basking in the sun. The selling seems
will continue for this whole week, in my view.
I have been writing about such selling/sell-off
for a couple of days, and I hope that the members
have been pre-warned.
If you know what you are doing and really want
to make money from Mr Market at this moment,
then stick to the greens in a pool of reds.
I believe there won't be much of this opportunities
currently, but just keep your eyes open,
and they might just pop-up from somewhere.
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
P.S.: I have an important breakfast meet-up tomorrow
morning, so the Market View will not be available.
Tuesday, August 2, 2011
Market View 2 August 2011
Dow fell for a straight 6-day despite having
the debt ceiling issue resolved and this is
definitely not a good sign. Another ominous
sign is how Dow was up as high as 140 points
but reversed and closed down 11 points, which
is a roughly 150 points down swing. I believe
that our market is finally going to feel the heat
today and maybe this whole week.
Yesterday, I received 2 emails (you know who
you are) asking about my status since I am not
on Skype lately. Thank you for the concerns.
I am having some problems with Skype and
my new machine and I believe it got to do with
software conflict issues which Skype is helping
me to solve. It is looking better now and the problem
should be settled soon and I will login when
it is all done.
As I mentioned just now, the market may have a
deserved selling or selloff today and this week
but it should be just a passing rain to cool down
the overheated ground.
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
the debt ceiling issue resolved and this is
definitely not a good sign. Another ominous
sign is how Dow was up as high as 140 points
but reversed and closed down 11 points, which
is a roughly 150 points down swing. I believe
that our market is finally going to feel the heat
today and maybe this whole week.
Yesterday, I received 2 emails (you know who
you are) asking about my status since I am not
on Skype lately. Thank you for the concerns.
I am having some problems with Skype and
my new machine and I believe it got to do with
software conflict issues which Skype is helping
me to solve. It is looking better now and the problem
should be settled soon and I will login when
it is all done.
As I mentioned just now, the market may have a
deserved selling or selloff today and this week
but it should be just a passing rain to cool down
the overheated ground.
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
Monday, August 1, 2011
Market View 1 August 2011
A fresh new day in another month but for
me, it is "good-bye" to our lazing around
during the market lunch hour break.
Today, our local is on continuous all-day
trading and it is trading as usual during the
12.30pm-2pm period although I am look
forward to how the market will react in the
first day of implementation. It is not going
to affect the mass retailers much but it is
definitely going to impact the full-time traders
like myself as we have to keep our eye glued
to the screen for the whole day. Let's see how the
day goes by today.
There are a lot of market-sensitive activities
going around the market at this time. We have the
US debt ceiling crisis talks running as I am writting,
then the ever-present Europe zone crisis, and
we have tons of crucial data coming out from
Uncle Sam this week too. For those that is not
custom to all these market-changing factors,
please stay out of the market and watch the show
from the sideline. But for those who know what
to expect from Mr Market, then continue to spar
with him in the attempt to getting money from him.
Genting closed on the cross-road of 1.90 last Friday,
which is also a important support/resistance level.
Where do we go from here? Seriously, if you ask me,
I will tell you frankly that I don't know, but I believe that
its upside potential is higher at this stage. It is only
my personal view.
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
me, it is "good-bye" to our lazing around
during the market lunch hour break.
Today, our local is on continuous all-day
trading and it is trading as usual during the
12.30pm-2pm period although I am look
forward to how the market will react in the
first day of implementation. It is not going
to affect the mass retailers much but it is
definitely going to impact the full-time traders
like myself as we have to keep our eye glued
to the screen for the whole day. Let's see how the
day goes by today.
There are a lot of market-sensitive activities
going around the market at this time. We have the
US debt ceiling crisis talks running as I am writting,
then the ever-present Europe zone crisis, and
we have tons of crucial data coming out from
Uncle Sam this week too. For those that is not
custom to all these market-changing factors,
please stay out of the market and watch the show
from the sideline. But for those who know what
to expect from Mr Market, then continue to spar
with him in the attempt to getting money from him.
Genting closed on the cross-road of 1.90 last Friday,
which is also a important support/resistance level.
Where do we go from here? Seriously, if you ask me,
I will tell you frankly that I don't know, but I believe that
its upside potential is higher at this stage. It is only
my personal view.
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
Subscribe to:
Posts (Atom)