Category: Money tips Release Date: 2006-12-08
Author: abnormal warm winter
Today, the basic open Shanghai Composite Index opened to 1695.35, the maximum can be seen 1713.99 points, the lowest the afternoon to explore 1687.05 points to close at 1689.96 points, down 6.47 points, or 0.38% on turnover of 23.19 billion yuan, representing approximately 20.1 billion Tuesday to enlarge 15%.
Wednesday market closed out the heavy volume "inverted hammer" Yin Xian, many investors some concern, but maybe this is only superficial. Look at the first heavyweight Bank of China (601988) short-term K-line portfolio, the overall technical patterns; look after the share reform surging Chinese Sinopec (600028), Tues Wed volume can basically maintain a balance, yesterday on heavy volume over the stock to resume trading on massive Yinxian, determined to do more technically belongs to the main characteristics; there almost every day, it is wonderful to see G-China Merchants Bank, taking its H shares has not yet fulfilled, the theory should be regarded as not yet peaked, the recent continuous heavy volume of the G people's livelihood, heavy volume strength The Datong-Qinhuangdao Railway and Air China, which shares the weight indicators immediate impact on the broader market on the current market's stability "to pile" in effect, the performance of stocks from these indicators look at the investment there is no need to worry too much.
Weight index stocks rose Why? Since then, how? In the end who is participating in these weight index stocks? I think, for long-term concern for the readers point of view on these issues should be no stranger. Current media talk about stock index futures in full swing, China's capital market has a very prominent feature, that is speculation a new habit, after the introduction of stock index futures in China will inevitably lead to some capital predators passion involved, however, have more speculative stock index futures risks, the main purposes of the super, who owns a large number of tenders to the weight of shares, who will be conducive to victory over stock-index futures. Namely, shares in some blue-chip stock index futures have more obvious the value of discovery, and this is the recent heavy volume weighted stock index's gains. Consider the introduction of stock index futures have not yet, that is good for blue chip companies have not yet fulfilled, then the blue chips will continue to increase the main current. Blue-chips, has always been a securities investment funds, pension funds and other large institutional investors seeking a stable investment preferences, due to the potential impact of stock index futures, while others intended to participate in stock-index futures and stock index futures may be serious to affect the broader market of blue-chip investors, is also rolling in, so that the relationship between supply and demand to break the blue chip companies, thereby causing the recent stock indicators rose. In addition, margin trading, and T +0 pilot, all weights will be positive support for a potential target shares. Just think, with the weight of blue chips, with the support of blue chip companies, but also much broader market callback space?
However, the broad-market index stocks even if a small back pressure, also belong to the normal, giving rise to the broader market down; though the recent broad market higher, but the effect of declining stocks to make money, and even some frustration, which to some extent curbed the broader market to do more emotional; from the simple technical indicators point of view, for some investors who are not practical, there are some very troubling; However, the tape room for downward adjustment should be very limited, because some of the technical form of individual stocks finishing better callback when the indicator stocks, there are rebound in demand, this is the way the market inertia of hot money, and, after the index related stocks will be distributed to a number of high-quality stocks that some high-quality stocks are expected to strengthened.
To sum up, even at close out the heavy volume "inverted hammer" Yin Xian, but the broader market is still limited space for a callback, it is recommended to hold a valuation advantage of high-quality stocks, mainly wait and see.
