Market View 11 May 2012

Dow finally snapped a 6-day losing streak to
close barely in the green up a mere 20 points.
The index was up as high as 96 points before
sinking down yet again. I believe that we have
not seen the worse yet and the blood will continue
to flow for quite a while.

Our market staged a late buying and closed in
the green with 3 points gained in STI. But there
are still quite heavy selling in the mid-small caps
and many stocks are trading near their critical
support line on the chart. But the sky is usually the
darkest just before the dawn, and I have not see
any sunlight seeping through yet. I believe we will
see a rebound in June and for those with funds
that they can set aside for a couple of months,
pick up the broken pieces along the way. If you
want to catch the stocks right at the bottom price,
then you can continue to look to the sky.

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