Market View 13 June 2012

Some readers asked me why is the market still
going up despite all the uncertainties, crisis and
gloom and doom stories that we are hearing and
reading from the TV and newspaper everyday.
I immediately realised that I have written on the
blog before about this situation and went on to
search for that post. Bingo! I found it.
The below post was published on last December
and you will have a sense of Deja Vu reading it.

"A few readers asked me why is it that the market are
 still going up despite what we are hearing everyday.
Well, if you believe what the press is saying, then if the
 market is up, that means that the market players are
optimistic about the current situation. When the market
goes down, then the press will say that they are worried
and concerned about the whole situation. This is especially
so when you watch the CNA morning show. You can almost
confirm what the presenter will say after looking at how the
US market has closed and how Japan market has opened.

To me, I believe that as much information, expectation
and forecast have already been factored into the market.
Like what I stated in the blog many times before, the market
is made up of many players, and it is mainly the Big Boys
that determine and decide where and how the market will
behave in any circumstances.

If the market continues to perform well in the coming days
to weeks, then you will read from the press that the market
choose to ignore the gloom and doom for a while and stage
a year-end rally.

If you look closely, we can have a dire future but the market
can still surge on, as it is not what we want or hope for the
market that matters, it is how the more powerful hands
believe that matters.

That is why it is crucial to know what they are doing and
following them through the trend and drop off with them
when the tide turns. I am doing so with my trustworthy charts
 and of course, the experience and knowledge gained and
 work-on throughout all these years of interaction with Mr Market."

Isn't it eerily familiar and "coincidental" that all of what
I wrote happens again.

Back to the market...
Recently, it seems that we have a few new market leaders
in the trade. Well actually not really new, but they were
market darling being thrashed down from the Top.
Genting used to be the stock to look for when you are
gauging the market condition but it have been (temporarily?)
replace by Olam, Noble even Sakari. I like what I see
in the Top Volume nowadays as it is not saturated by those
micro-pennies and it is now the the mid-caps that is leading
the way. I continue to believe that even with the end-of-the-world
news circulating, we will likely see a fantastic June-July
trading days.  

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 

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