Market View 13 September 2012

The market had been trading in a rather
ebullient mood lately with most of the stocks
enjoying a good surge and a succulent profits
for those who dare to take the plunge. It seems
like we are going to hear great news from the
Fed chief himself and a QE3 is expected and
imminent, but is this really what the market needs?
I shared with a few readers that the market is not
lacking in liquidity right now, there are still plenty
of hot money circulating and what we really lack
in the investors, retailers and even the major
powerhouses is Confidence. There are still lots
of Fear within the joyous mood we are seemingly
in right now. I would be rather cautious at this stage
as any disappointment is likely to trigger another
selling and it may be a swift and deep one as well.
Even if Bernanke give the green light today to print
even more money, it is already well expected and
a sell-on-news maybe on the cards too.

I went for a seminar which featured the renowned
Doctor Doom, Marc Faber a couple of months ago.
He shared with the participants his views on the
current market situation and condition. One particular
memorable and interesting thing he mentioned is
about the QE3, if it really happens. He gave the example
that it like you drop something (like a bag of coins or a bomb)
into the middle of a room. Only the one nearest to the
impact zone will benefit the most and the one at
the corner of the room may not feel it at all.
I agree with what he said wholeheartedly. 

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