Market View 13 October 2011

If the readers recalled, only last Wednesday,
I stick my head out and placed my head on
the deadly gallows to state that "on 31 December
2011, STI is going to close higher than 2531
which was yesterday's closing figure." It is looking
like I have hit the nail on the head and it may be
a crucial turning point of trend. Since then, markets
had rallied and it seems like all the gloom and doom
have suddenly disappeared. Although I can't 100% say
that we are definitely out of the wood but at least the
sky looks much brighter and path out of the wood
looks nearer and imminent.

Most stocks surge high during the last hour of trade
yesterday as the European bourses were running wild
and the US futures were showing a good performance.
And yes, we will open higher today but I believe that we
will still close weaker at the end of the day.

STX OSV will be higher than its recent high 1.09 but it
will face immediate resistance at 1.12 and a breakout
of it may triggered a gap-covering between the 1.15-1.18
region but I will discount this from happening. Looking at
the chart, I believe a consolidation is about to happen
and it should be fast and furious.

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