Market View 10 October 2012

I am not sure whether the readers still remembered
that I wrote before stating that there is one stock
to watch to determine that the market has turned.
That stock, Civmec, had been falling since hitting
a high and sits at 1.065 now. I mentioned that it
had been pushed up too much and once the buyers
(players) leave the stock, other stocks may suffered
the same fate too. It is exactly what is happening now.

STX OSV has fallen to a major support at 1.56-1.57
and should it fall below it with high volume, the next
meaningful support is around the 1.50 level I believe
that it is a very good price to grab should it fall further.
It is a very well-tracked stock for the traders and investors
alike, and should have no problem in re-gaining its
former glory.


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