Market View 5 July 2012

 Most stocks closed down weaker in yesterday
trade. Apparently, the mice never come out and
play although Uncle Sam is closed for holiday.
Anyway, we had a pretty good run in the last few
days and it is perfectly normal and healthy to take
a break for the next surge ahead. I continue to believe
that July will be a profitable month and unless I sense
that the tide is turning, I maintain my view.

I will talk about China Minzhong as I received some
questions on the stock. On Tuesday morning, I stated
on the blog that CMZ has the potential of a breakout
and indeed it surged to a high of 63cts before closing
at 61.5cts I highlighted yesterday that it must stay above
61cts to have any further upside. And yesterday the
stock closed at 60.5cts It will now face strong resistance
on the upside at 64cts and along the way there will
be tons of sellers along the way. As long as it is above
61cts, the potential is still there, or else we may see it
reversed back below 60cts again.

Next, we have The 3 Musketeers, which closed rather
mixed yesterday. I continue to like them but the sentiment
now may not be the right moment for them. They have
surged high till the resistance level and a breather for them
is good for future gains.

Oh ya, I keep on forgetting what I told some readers on
Skype last few days. If you are wondering about the financial
books quantity in the library that I mentioned on Monday,
then I can tell you that there are still tons of books in the
library right now. Get the picture?

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