Market View 3 October 2012

I wrote about how there are so many strangers
stocks moving high in the Top Volume or just
moved higher without significant volume. To me,
somehow I don't like to see such occurrence as
it had proven to me time and time again that a
pull-back is imminent. I don't believe this time will
be any exception.

Ok, I received some enquiry on the movement
of STX OSV. I have to say that it is trading in a
tight range now. The meaningful resistance is at
163-164 level and a strong break at this level will
signify that the stock may move to the next barrier
around the 1.70 region. I read about the contract
won, but it will still need healthy trading volume to
have any further impact.

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