Market View 23 February 2012

It was a pool of red in my watchlist yesterday
but still not the entire pool as what I wanted.
A reader asked me yesterday how long will
the selling lasts and what will be the scale?
You see, we had a great 2 months of buying
frenzy, what is with a few day of healthy normal
profit-taking. We have reached a stage whereby
there are very buying opportunities and the
risk is getting with each passing trading day.
I believe that this selling sentiment should continue
for days unless there are some fundamentally
encouraging news within or abroad.
But seriously, I doubt so.

For those who feel offended when I quoted as
wanting trading tips at the wrong time, you shouldn't
feel that way. You should learn from experience that
next time when the market is so hot and you are
not in it for quite some time, and then when you
finally decided to take the plunge, the END is near.
This scenario is always repeated and it will continue
to repeat and repeat...... until you eventually decided
to find out exactly how and what the market is thinking.
You won't be able to know entirely what Mr Market
is going to do, but at least you know how to deal with it
when it happened. Read some books, learn from experience,
gain knowledge and then face off with Mr Market.
Take note, "不经一番寒彻骨， 哪得梅花扑鼻香"

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