Category: Money tips Release Date: 2006-04-10
Source: Galaxy Securities Author: Chen Jian
Xianyanghouyi tape this week, at a record high after the 1667 stock rally appeared callback, in the previous two weeks yin yang clip of long guns, after a week, this week received hatched to bring out the shooting star, suggesting broader market in the short run there is a callback request. However, in August on K-line revenue out of a line with a long lower shadow of the Yang Xian, suggesting the broad market has stabilized after they find a bottom. Although the average system has been formed on the broad market fueled a certain role, but 1670-1700 has a very strong regional role in the anti-pressure, against the big short-term resistance will be subject to the strong role of the region, may expand further adjustment.
First of all, the theory of the golden section, 1541 low began to rebound in 1757-1541 was mainly down 216 points for Quotes for repair, so for the 1757-1541 decline that in all Golden rebound spaces will have a certain role in the resistance, its 0.382,0.5,0.618 rebound bits were 1624 points, 1649 points, 1674 points, 1674 points, so a rebound as 0.618 bits will have a very strong upward pressure, which restricts the upside long. Tape blocked at 1667 points this week, has noticeably affected by the resistance effect.
Secondly, from the form of the theory of the broader market fell on the way in mid-July had to build a prototype of a small double bottom, that is, July 14 1633 low of July 24 1632 low for small bottoms, its neckline bit In the 1680-point near the bull several times due to the impact of the neckline are returning empty-handed, thus forming a transaction-intensive areas, restricting the broad market for further upside. At the same time on separate occasions before the tape in the May 16 and June 2 blocked at 1678,1695 point, once again demonstrated the strong resistance around 1,680 points, status, and therefore in this round of rebound during 1680 will continue to have a very strong near the pressure. Tape blocked at 1667 points this week, has noticeably affected by the resistance effect.
Third, from the wave theory point of view, 998 points have been the end of 2245 points, and the major adjustment since the beginning of a new round of bull market, of which for the first wave 998-1223 upside ,1223-1067 as the second wave adjustment, 1067 -1308 to 3 (1) wave upside ,1308-1238 to 3 (2) ,1238-1695 wave to adjust for the three (3) waves upside ,1695-1512 to 3 (4) ,1512-1757 wave to adjust for the three (5) wave upside, 1757 launched a fourth wave to adjust. 1541 low for the beginning of the current wave upside there differences from several waves: one is that the 1541 low has launched a fifth wave upside, another low point that the 1541 launch of the upside is the 4 (B) wave rebound. As the second wave adjusted to a simple type, according to the principle of alternation, the fourth wave adjustment will be relatively more complex, possibly by A, B, C 3 to adjust the form of waves, that is low for the 1757 high -1541 4 (A) wave adjustment , 1541 launched a low of 4 (B) waves rebound after rebound will continue to usher in 4 (C) waves to adjust.
In summary, from the bounce point of view, the beginning of the 1541 low of 4 (B) waves rebound may be blocked at 1670-1700 area, thereby giving rise to four (C) waves to adjust.
The Shanghai Composite Index Zhou K-line
MACD green column amplification, DIFF and the DEA to continue down, vulnerable
RSI 3-line break after the median line slightly upward, there is continued upside momentum
KDJ KDJ three lines in the vicinity of the median line of adhesive, direction unknown
DMI PDI, MDI openings amplification, long prevailed
The Shenzhen Composite Index on K-line
MACD Hongzhu fast twitch, DIFF, DEA continues upward and has been regularized, has been weakened
RSI Rapid RSI overbought zone from the drop down quickly, there is likely to continue downward
KDJ KDJ values seriously overbought and there Sicha, to adjust the pressure
DMI PDI, MDI openings expanded bull still prevail
