Market View 10 August 2012

It is almost like today is Sunday that I struggled
to get out of bed after enjoying the holiday yesterday.
But it is another trading day and it look like
it will be a very interesting one today.

We will have the heavyweight Genting announcing
result after market close today, and looking at
the price action on Wednesday, it look like the
result may have already been leak out. I specifically
told a reader that it will be supported at the 1.26-1.27
level and that was exactly what happened. It hit
a day-low of 1.26 and closed at 1.275 Any breakdown
from the 1.26 level will be chaotic and it is now
within range to 1.33-1.34 I see it bouncing up and
down at this range for the time being.

Some readers asked me about YZJ which also
announced result days ago. Actually, if you ask me,
I see the company as a very quality ship-maker in
a rather weak sector. A strong stock in a weak industry
right now, as compare to others like Cosco and NOL.
I like the stock and it will be a tiger out of the cage
(老虎出笼) once the 1.04 resistance is taken out with
strength and good volume.

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