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Monday, February 6, 2012

Market View 6 Februray 2012

Over the weekend, there were various articles
in the newspaper talking about the current
market situation and sentiments, and on the
pennies dominating the main transaction
market volume. Put it this way, I am not an
avid pennies trader. In fact, I simply refuse
to touch those micro-pennies below 10cts
and I will mostly touch those above 40cts.
If you have skyped with me before, you will
know that I will give no comment or view on
penny stocks that I myself also never touch and
will advise the readers to do so too. I continue
to grow cautions about the current market as
I don't like what I am seeing in the Top Volume
right now. I am uncomfortable with the number
of strangers and micro-pennies suddenly appearing
and it is a sign that the speculative mood is
mounting and any "bad" news will triggered a
sell-off and major correction. Don't ask me for
a timeline, I am also following the market script
and following what my experiences told me.

From what I observe from the market and the
economy, this is going to be a year of Drastic
and Extremes. It is either going to be drastically
and extremely good or it is going to be the opposite.
For the time being, I am still cautious bullish that
we are going to have a great trading year, but I
am always prepared for any reversal in course.
Any rally will be a V-shape one and a inverted
V-shape reversal and it is going to be the same
throughout the year. The readers really need to
be comfortable and seasoned to all these BIG
change in trading this year. CHANGE will be the
main action this year. Sometimes, it is Ok that
you need not do anything to face the Changes but
sometimes you really need to Change for the
better and be prepared for the next Change.

Market is going to open brightly today and it
is on such days that things may Change and
I am ready for it, are you?

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   

 

1 comment:

Anonymous said...

Hi SL, Thanks for your advise on ChinaMinzhong at 0.93 on Friday, it really jump higher today. Thanks a lot. - BK

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