Market View 17 August 2011

Our market finally had a profit-taking session
yesterday and it was quite expected as I have
been telling the Skype members about it.
US indexes ended the trading day down and
although we have pre-moved before this fall,
it is looking like we are going to have another
volatile session today.

I am looking at whether the Dow will fall beyond
the 11350 support this time again and if it really
happens, alarm will be sounded. But for the time
being, I am not exactly over-concern yet as I know
that market situation is going to be highly volatile,
irrational, erratic and at times, unreasonable and
brutal to the market participants currently.

STX OSV fell from grace yesterday and I believe
it will test the 1.39 resistance level pretty soon with
strong backing at 1.33 support level. This is a stock
that had won good profits with many readers and
I believe that the day and night is still young for this
stock winner. I hope to achieve a personal milestone
by the end of the year, and I believe STX OSV will
provide me with all the essential assistance.  

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