Category: Money tips Release Date: 2006-08-30
Source: Hai Tong Securities Author: Wu Yi-ping
53.3 billion yuan! Shanghai stock market yesterday, another single-day turnover in the amount of the current round of Quotes days. The two cities as high as 83.7 billion total, this volume records tell us that this reality --- invest enthusiastic.
In fact the recent market turnover is a growing process, has been recorded in the volume constantly refresh, this continued long offensive and very different from the past, although the amount of days the record even more than the "6.24 "big, but" 6.24 "is the volume suddenly amplified long-short large differences between the two sides, which leads to short-lived market, now days the amount of tape is a gradual pattern amplification, the advancing bull Although the risk of faster accumulation stage, it might make the stock ahead to maintain a certain inertia, so broader market has entered the stage of the head, but the real head of the formation of even more time, because the strength of hot money into the market very strong.
That influx of money is the nature of money? The first must have the savings, the second of an agency, third, foreign funds entering the market through various channels, the fourth is Zhuanggu resurrection, fifth is the inflow of bank funds.
The amount of days after the risk had to defense, although the bull is difficult to predict what the next steps will be to the interpretation of market structure, but it is certain is that the arrival of the risk of the head stage are approaching. To determine the head a few signs are emerging: one is the market enthusiasm from hesitant to crazy, since the post-holiday week, such a sentiment is revealed more and more prominent; second is A shares and the surrounding market "out of touch" will not continue to be too a long time, has been to follow A-shares are Hong Kong stocks from Hong Kong stocks "rule", alone out of the giant strides up in the market, this enthusiasm can be interpreted as compensatory growth impulses sway a return to the central value of the internal demand, but this situation should not continue to too long, the linkage is still the subject of the next stage. A shares, or pricing of Hong Kong equities held by the hands of spread from the HA point of view, the original H share price of more than A shares of species gradually disappear one by one, so what is left of state of H shares this root ruler will eventually reassert themselves. Third is the "astronomical amount of days," the adage is not failure, short-term maintenance of a high strength tape is not able to deny this empirical law, the risk may be hidden behind in the frenzy.
