Market View 8 November 2012

Congrats to Mr Obama for winning the US Presidential
race but too bad the defeated Republicans remain in
control of Congress and it is status quo again.
The worries and fear about fiscal cliff surfaced again
after the result is clear and the 3 major indexes really
fell off the cliff. Dow was down about 313 points or
2.4%, while Nasdaq and S&P 500 registered a loss
of 2.5% and 2.53% each.

It isn't going to be a pretty opening in our market
this morning and looking at the pre-opening quote
some stocks are putting on ugly mask this early hour.
As usual, look for the greens, if any. I believe that it
is still a decent time to pick up the broken pieces
along the way. Nobody tell you to show hand and
buy all you want in one go. Watch and observe and
you will notice cut-throat bargains.

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