Nicolas Darvas Box Theory Trading Method

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Friday, September 16, 2011

Market View 16 September 2011

US stocks advanced again in overnight trade
on news that top central banks will work together,
which calmed fears that Europe's financial sector
was headed for a credit freeze."
Local stocks are likely to react very positive to
this encouraging progress, but we are still not
totally out of the wood yet. Somehow, there will
be news out from somewhere at some time to
spook us and the market action will remain volatile
and somewhat exciting at times.

Remain vigilant and be aware and alert to what
is actually happening in the real world rather than
getting it straight from the papers.
This will be my last post before I head out to a
2-week vacation.


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   

Thursday, September 15, 2011

Market View 15 September 2011

Sometimes I wondered how can a person
be so inflexible in dealing with just a simple
common-sense request. I am not telling
someone to break the rule but a possible
"bending" of the rule will solve the entire
issue with ease. And did I mention that some
agencies seems to take their own sweet time
in dealing with cases and the staffs are really
just waiting for the end-of-day bell moving and
doing thing in a snail-like pace with totally no
sense of commitment. To them, I serve 10
complains is one, I serve 1 complain is also
one day. 做一天和尚, 敲一天钟, 真要不得!

Ok, back to the market....
Yesterday's market action is another roller-coaster
ride as stock went up and down throughout the
day, but most stocks still managed to close at a
respectable price. With regards to many readers'
favourite stock, Genting, it is at a cross-road right
now with yesterday 1.67 closing price. It will have
good support level at the 1.63 region and further
upside will be tested at 1.70 region with 1.76-1.77
as the next resistance. I am more bullish bias on
the stock.

STX OSV broke below the 1.33 major support for
consecutive days but managed to close above it
yesterday. Technically, I like what I saw from its
closing and 1.33 will remain strong and further
upside is at the 1.39 area.

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   


 

Wednesday, September 14, 2011

No Market View today

I have to rush off to settle some issues
with a government agency. It is really just
a very small issue but for the inflexibility
of the customer service staff that make me
need to appear in person. Anyway, the
Market View will resumed tomorrow as usual.

Tuesday, September 13, 2011

Market View 13 September 2011

US stocks ended higher in late push-up
after a volatile session. Dow were down
as much as 167 points before ending the
day at near-high up 69 points. Will it bring
cheers to our gloomy market and will we
see the blue sky again?

Well, today morning's weather looks quite
appealing but will it spread to our market,
I am having some doubts over it. We had a
bad session yesterday and it was a huge
pool of reds as stocks got beaten down.
No point asking me how I view the market
as my view remains the same and that is
NOW is a good opportunity to start to pick-up
some good bargains. Yes, I know that we are
having crisis and chaos here and there and
it look like the end of the world is coming...

Do you think that only we know the problems
and there are nobody solving and dealing with
it right now? For a start, don't read too much
into the Straits Times article as they contained
too many harmful and negative energy and it
is almost out to instil fears all around. But when
I see such occurrances, I take it as a good time
to buy. I still read the ST everyday but I am looking
at who and who is having sales lah. 8-)

A reader commented yesterday, "Hi,
Do you know of any online brokerage for trading in
Sg market which is really cheap? Currently, the banks'
brokering arm are charging at least $20 n above. I knew
in the US, they have brokerage platform where one can
trade at $1 per transaction. Is there something like this for SG market?

Thanks for taking ur time to reply."

I can only say that I am also paying normal
commission rate in a few brokerages I have
accounts with. But I do know that if you have
a close friend working as remisier or dealer
in a brokerage, he maybe able to provide you
at a lower rate. If any reader can help up with
the above question, give me an email or just
simply comment here. But you can also call-up
or go to the brokerage website to compare the
commission rate and check-up those CFD providers
as their rate are quite competitive too.

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, September 12, 2011

Market View 12 September 2011

Panic, Panic, all the Panic.....
Panic about whether US will be attack again
on 11th September.
Panic about whether the European zone debt
crisis is going worst.
Panicky about this and that, but it all doesn't matter
as to me it is a wonderfully great time to pick
and collect bargain stocks battered down.
History is written by Victors.
I believe that now is THE time.

Stocks will open in the negative territory but
I believe we will end the day much brighter than
the gloomy blue Monday morning. Stick to the
greens when they appear.

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 will be a taking a 2 weeks vacation starting
from next Monday 19th September to 30th September
and the blog will not be updated during this period.
Blog will resume on 3rd October and I will resume the
research report sending when I am back too.

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.

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