Market View 10 July 2012

Ok, Uncle Sam dropped again in overnight
trade so how will our market react today?
This is the exact question asked by a reader
in a comment yesterday, "Hello Sir, How low
STI going for this correction? What are the
buying on dip counters we should be looking at?
Appreciate your daily sharing, Q&A."
Well, I certainly won't call STI yesterday's fall a
correction, it is more likely to be just a profit-taking
session. It may continue for a few more days given
that if the index can be up for 8 days, why can't it
take a break for days? On the other hand, stock
just bounce back after the heavy losses yesterday
so it need to last throughout the whole day, and not
a flash in the pan.

It is perfectly normal and healthy for the index and
stocks to rest, and to shake out the weak holders
and those people who is on contra. I am still quite bullish
about this month's progress although I believe that the
action on the last week of July will mark the direction
for the next few months of the year. Keep a close
look on that week and be cautious and vigilant.

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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