Thursday, May 04, 2006

Stock Market sashays down on profit taking

Livermore and O'Neil both mentioned that we must look at the broader picture and if you get the market direction wrong, you will lose money in 3 out of 4 stocks. With 2 good days of follow through buying, market took a breather today.

Tonight i'm showing you 3 stocks belonging to pharma sector. Woo..all 3 showing similar reversal patterns. Except for AsiaPharm which is doing placement so might affect the trading tomorrow.

As for oil and gas plays, i'm not so confident about them yet. Although Labroy and Rotary keeping everyone happy for now! :D Psst psst remember i keep saying my fingers are oily last few weeks??? keke

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