Market View 17 May 2012

Another intraday reversal in the US market
and all 3 major indexes closed in the red again.
It seems like the Euro crisis had taken its toll
on the regional markets recently and guess what,
it is good. The readers should note that good profits
are made when there is blood on the street.
You should be happy that such occurrence is
happening right now and start or already started
the shopping. It is like Great Singapore Sales come
early this year. How wonderful can that be?

Some readers I know don't know how to react
when they are looking at an over-whelming of
reds in their watch list or the Top Volume or any
stocks screen. I like Crisis and you should too.
Never be fearful of crisis as after the storm, the
sun will still be out and even brighter and clearer
sky as all the dust particles and dirt in the air will
be cleansed out. A few readers told me that the
market has not bottom-up yet and they will wait
for it to reach the dead bottom before picking up
the skeleton. I am impressed with their "vision"
and "ability" to know where the bottom will be.
I have no such skill so I have to pump money into
the market at intervals into quality stocks that have
been battered down. I would prefer to be the vulture
and start to eat the carcasses  flesh when they have
fallen down. Oh ya, maybe the bones will still be
there when all the vultures have left the scene.

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