Solid follow through

The renewed buying yesterday and today has finally given a ray of hope to retailers...The broad market is actually beginning to resemble the the good old days where one can find certain counters performing with more than a single price bid rise...like young bamboo shoots...At a volume of close to a billion shares the price rise for certain counters is healthy enough for short term traders to take profits..better still some players are more willing to either hold their positions overnight or pick up the shares in anticipation of further rises in coming days or weeks..Cyclical and sectoral plays were more pronounced today and not just restricted to the On G counters...a definite welcome change

Everyone is hoping for a more sustained rally and not a one off shot in the arm..While the going is good ,a seasoned player should be able to judge the money flows.. Through a combination of sound trading or investing technique and personal judgement one can easily "guess" which counters will be able to move up aggressively and record 5 to 10 % gains in a limited time...Repeat this successfully and one can easily forget the market was in the doldrums in the first place...Within each stock sector eg O n G or infrastructure or instance there is always a market leader ..catch this pattern early and you can easily buy a "mirror" stock within the same sector and ride on it..The momentum alone may carry this mirror stock a few bids higher..As the market becomes more bullish attention should also be given to both call and company warrants as they tend to underperform in a bear market an do the inverse in a bullish market...

To learn more about a proven trading technique do attend my FREE talk next Thursday. Details are as follows;
Topic: Price Action Technique
Date ; Jan .10 ,2013
Time : 8pm to 10 pm
Place Damansara Intan ( next to Tropicana Mall near SS 2 )

Those keen can contact Julie at 012-2009389 or email me at chrischoo007@gmail.com

Thank you

Chris Choo

Please do visit my blog http://traderight88.blogspot.com.