Category: Money tips Release Date: 2006-03-07
â—?unilateral increase of the stock market has ended up build phase of oscillation will be transferred to the top from the trend, today's Yinxian below 5, 10-day MA. From a technical indicators, on-line form Jin Cha KDJ yesterday, after the formation of Sicha down again today, while the contour of the KDJ further convergence. Daily MACD today by the Hongzhu to the Green column, while the weekly MACD line of Hongzhu no longer continue to elongate. Therefore, we can expect the current round of Quotes have been drawing to a close, the future upside limited.
On the other hand, from the Chinese A-share market over the past long-running law perspective, 5-week moving average has a strong guiding role, intermediate and above the trend of its weekly K-line has always run close to the 5-week moving average, up in the 5-week moving average the top, down the 5-week moving average is below, and an effective breaking a 5-week moving average can be judged whether the end of the intermediate trend, and the opposite trend is beginning a mid-level. Broader market early in December last year, broke up an effective 5-week moving average, then slowly close to its upstream, although yesterday's drop by a big margin, but the Shanghai index is still above the 5-week moving average, and also to maintain a certain distance, indicating that the current adjustment can also be seen as a strong adjustment, can not be considered an upward trend has changed, and will immediately be converted to decline. At the same time should be noted that the current rise in 5-week moving average slope is slowing down, indicating that growth momentum is weakening.
The foregoing analysis we think: Although unilateral not to renew the momentum of rise, but the broader market decline will not be immediately converted to the next tape will be high oscillation is likely to slow up the top of the building to complete the form.
â—?to avoid pre-concerns the strong form of shares of a good or a small stocks Although we believe that market's future upside is limited, but can be long-term trend indicates that technical indicators, on-line continues up KDJ, MACD Hongzhu on the line to continue to elongate , which indicate that the current broad market long-term trend is still upward, that is, even if the broader market into the mid-term adjustments, the rate of decline is relatively limited, and after this adjustment will be another record high, and this is a few years ago has different, so we deal with possible medium-term adjustment strategy is to be different from the past. In fact patterns from individual stocks to see that many stocks have already formed a good upward trend, while the current rise is not significant. The current adjustment pressures mainly from the pre-or excessive stocks and plates, such as non-ferrous metals, while the form of a good pre-or smaller stocks may even have become incremental adjustment of funds and gains from the pre-big money out of stocks in the intervention goals, and thus the formation of compensatory growth Quotes. Therefore, we believe that, although the next rally, space is limited, and even a certain level of decline, but the market opportunity remains large, the operation should be adjusting on the shareholding structure, and do not necessarily adjust the proportion of positions.
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