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Friday, December 2, 2011

Market View 2 December 2011

A few Skype members asked me whether the
strong rally yesterday is just a 回光返照, and
we will be back to square one or even worst
within days or weeks. Ok, although I agree that
the measures taken by the Fed and the Central
Banks is not the holy grail to all the gloom and
doom that we are currently facing, it does lend
some optimism and confidence into the market
right now. I am prepared to be proven wrong but
until that happens, I stand by my view that we
should have a good 2 months ahead of us.
To those sceptics, they can continue to sit on
the fence and wait for the herd to be back before
jumping, which by then the fresh green grass have
already been eaten up.

There is a very simple method to see whether the
current rally will continue or will it falter away.
A real breakout means that the stock price will
continue to go up couple with increasing volume
to sustain the momentum. Many stocks gapped up
yesterday and a good guide is that if the stock price
fall through the base of the gap then it is not a good sign.

For those stocks that I mentioned yesterday, Genting
hit the 1.57 resistance and immediately reverse and
closed at 1.54 Just remember this price: 1.57
It is like the magical number for the stock and a breakout
of this level will be very bullish for the stock.
For STX OSV, the magical number will be 1.24
Noble will be 1.205

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, December 1, 2011

Market View 1 December 2011

Finally I am back into the market action
but what a bad time for me to be back today.
Stocks will definitely gap up today after a
strong rally overnight in the US and Europe,
I wish that I can pick up some bargains but I
guess that it is not to be this 2 days.
The news that " the world's leading central banks
acted jointly to provide cheaper dollar funding for
European banks facing a cash crunch." triggered
the rally but on the other side of the mirror, it also
highlight how deep and serious the problem is.

Anyway, it seems like my travel jinx is still intact
according to some of the emails I received and
last week was a good time to buy stocks.
I know some skype readers will ask me today whether
it is a "good" time to buy stocks. I still believe that
we should have a profitable year-end rally which
is still not too late to start, but stocks will open high
today and it may not be a good time to chase up.
After the dust is settled, there will be a pullback and
that is the chance that some is still looking for.
For those already invested, stay in there with Mr Market.

Some skype readers asked me about various stocks
in emails, but they are concentrated on a couple of them
like STX OSV, Genting, Noble, the ship-makers and
the commodity counters. For STX OSV, the nearest
resistance is at recent high of 1.24 but I believe the main
barrier is at the 1.27-1.28 level. Genting will face resistance
at gap-covering 1.57 and should it breech it, the next meaningful
hurdle is at the next gap of 1.625-1.64 Noble is the interesting
stock now and it will very bullish pass the 1.205 mark.

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   

Tuesday, November 29, 2011

Market View will be back in Thursday

I just came back to our beloved country
this early morning after "over-staying" in
our neighbour. The Market View will be back
in Thursday as I have been out of touch with
Mr Market for more than a week so I need to
take another day to look at the charts and read
up the news reports and articles. I will be online
on Skype tomorrow but I won't be responding
to questions on specific stocks until I am ready.

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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