Market View 8th June 2012

Ok, some readers asked me what is the
most important thing that I look at to determine
whether a stock is worth a spot or need close
attention. My answer to this question has been
the same for quite some time after I finally achieve
"attainment" and it is VOLUME. Many market players
ignore or neglect the importance of it but to me
it is the single most important thing to look at.
If you have been reading this blog for a while, you
will know that I don't use indicators as to me, they
are all lagging and when they finally showing signs
the stock or the market are already up, up and away.
Volume and Price Action go together and it is that
simple application to me.

If you are a football fan then you will know that the
Euro 2012 will start at tomorrow midnight and will
last till 2nd July if I am not wrong. Some reports
suggest that during this period, the market will be
more subdued as the traders and market players in
Euro will be focusing on how their country is performing
in the tournament. I still believe that when the issue
is concerning "Money", all other thing will not be that
attractive and seducing. My view is that we will have
a pretty good June-July and I will stick to my current
view unless Mr Market's mood changes again.

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