Category: Money tips Release Date: 2006-04-19
Source: Chen Jian, China Galaxy Securities
Ascribed to tape this week, come down gapped up Monday the formation of the 4152-4193 upward gap on Wednesday hit a 4312 high point, once again approaching pre-4335 high point, but as short-term rate index rose too fast, indexes and a half weeks after the emergence of adjusted trends and covering the 4152-4193 average gap, which has been validated in May will fill gaps in the law, such as the May 8 of the 3851-3901 upward gap, May 22 the 4083-4086 upward gap, 5 28 of the 4190-4215 upward gap, June 13 4073-4102 gapped up has already been effectively covering the gap.
As the week closed out the week to bring overcast shadow line that averages close to previous highs sensitive position, due to the top has more hold-up disk, such as the impetuosity would have been long suppressed short week 5 large diving once again demonstrated the first high point near the pressure index is still heavier, broader market will continue to run in the 3400-4350 cabinets.
Index from the 998 three times since the adjustment is low in order to build big box to achieve, such as mid-August 2005 to the end of December 1150 near the finishing point range, in May 2006 to early August in the 1500-1750 mid-point of interval between the finishing, as well as early in March every year in mid-2007 to 2550-3050 points, finishing as the main range of fluctuation range. And this is no exception, since the end of May this year, since the broad market in fact has formed a large box to run the pattern of 3400-4350. According to box theory, on the box along the Department will have a certain pressure, although the broader market this week, once close to the upper edge of the box, but still very heavy upward pressure on the latter half weeks of diving on the obvious subject to the Cabinet on the along the counter-pressure. Meanwhile, starting from Thursday, the two cities can be shown the amount of shrinking trend, indicating that the two sides of the long-short wait and see the circumstances are serious, there is no Liangnengpeige the short term, broader market very difficult to effectively break previous highs.
According to wave theory, since the June 2005 low of 998 started the first great master Sheng Lang's upside, in general, broader market in 4335 may be the high point of the waves started to enter the second adjustment, according to past practice of Shanghai stock market to adjust wave the broader market may flat-shaped (A, B, C three waves) form to complete the adjustment, and flat-shaped in the form of adjusted point of view is the box from the form of shock wave theory, therefore support the current 3400-4350 big box operation pattern.
Thus, shortly before the broader market will continue to be subject to a high point of 4335 points, the anti-pressure, this week, five of the diving has been effectively broken up due to 5,10-day moving average could not rule out the formation of the embryonic form of two-headed, but there may be an early form of double-headed is false, tape does not appear a great extent. In fact the adjustment of 4335 points to 3404 points, the beginning date of adjustment of 22%, from space and can basically meet the intermediate claims, but time is less than a month to up time, in the broader market will continue for some time in 3400 -- 4350 cabinets to run.
Shanghai's index K-line
MACD Hongzhu fast twitch, DIFF, DEA Sicha, weakening of
RSI 3-line break in the bit line, there is continuing downward momentum
KDJ KDJ overbought zone in the downlink, after Sicha, to adjust the pressure
DMI PDI, MDI formed Jin Cha is conducive to long
The Shenzhen Composite Index Zhou K-line
MACD Hongzhu contraction, DIFF and the DEA appeared Guaitou, weakening of
RSI three lines blocked at overbought line, a downward adjustment
KDJ KDJ break overbought line, the adjustment pressures
DMI PDI, MDI openings to go flat, ADX at a high level Guaitou down, slightly short upper hand
