Market View 2 February 2012

I wasn't available to write the Market View
last few days as I need to settle some
impending issues that die-die need to be
deal with. The issue is not passe and I hope
it will no longer pop-up again.

Ok, with the positive closing in both the
European and US market, the pre-opening
figures point to a rather rosy opening.
I will simply address some hot stocks and
my view on them today.

Genting fell from grace last couple of days
after hitting a high, and I believe many readers
already knew that its next support will be at the
magical number of 1.57 It really NEED to stay
above this figure to have any chance of further
upside. Falling past the 1.57 level with high volume
may triggered further selling all the way to the
1.50 level or even worse.

I am still rather bullish on STX OSV as along as
it is above 1.39, best is above 1.40 where it bounced
off days ago. Just have a ready trailing stop.

Some other hot stocks like GLP which surge past
the $2 with good momentum and volume.
So where is its next resistance? It is at 2.05
NOL is also moving up with good strength and will
face the next resistance at 1.44

I got a concern that I need to inform the readers
that I am not comfortable with the number of
"strangers" and micro-pennies in the Top Volume
and this usually signify that the "Time" may be
happening soon.


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