Category: Money tips Release Date: 2006-06-26
Source: Today Morning Post Author: ZOU Yi
Last week we judge from the Shen Chengzhi fluctuations in the structure, pointing out that earlier this week again test a low index will produce a rebound. And in August the two time-sensitive nodes are August 9 and August 17. In fact the two cities on August 7 stock bottom after beginning to rebound, this time than we expected to be earlier, and there are Air China had to reduce the offering size factor, making a number of money is beginning to turn more backlash.
Huge amounts of capital to build the first store will be suppressed after
Essentially, C-4 segment doing the reduction in losses can, but can hardly be a big profit. As the 3-3-5 structure of C-3 After paragraph has completed the primary or the back of the downside is limited, it would have some long-term disk approach. Most of the time in paragraph C-4 are large level foresight fund to build the traces left by the first position, and often play a role in which the index heavyweights, this is the market these days we have seen the phenomenon is the same. However, Biemang, do not think they build will be finished after the first position all the way upward pull. No, wise to establish the first position, will not drive up the cost, C-4's role is pulled up to find a good price for those who want to flesh out first, and then again counter-pressure for those who regret not out to sell at a loss until the break previous low (C-3 low), bargain-hunting technology to stop disc is also culling, while after on target. And this process, you want to take chips foresight big money, you can get more down from the top of the loose chips.
We are now the market is in the C-4 segment rebound, some people say that a rebound in place, and they are gradually leave. In reality, from Friday's time-sharing is not to promote downward trend in first-class to see that this rally has not yet completed, and because it did not meet the purpose of deceiving, it is still hard. In fact, we in the rebound at the beginning, it has been pointed clear rebound in paragraph C-4 may be a small level of 5-3-5 zigzag patterns to amend. Now only take the first five, so Friday after the three-band downlink will be one higher. But also understand that it could not walk very far, unless it is a greater level of promotion of 5-3-5-3-5, but it may eat up 1633.90 points, a rebound in the stock indexes can be found. Therefore, the weak to choose a more pessimistic view might be better to change, to protect the funds are not shrink even more.
ETF50 expanding triangle formation near
Experienced often say, it is necessary to confirm the operation of the market trends, usually two or more of the stock starting a cross-validation. We note that the above 50 Index constituent stocks as the subject of ETF50 trend is a very standard form of the expansion of the triangle. Last week, have not yet fallen below the triangle next ETF50 along (see Figure), but this week, after a break following day to recover, where very much in line E-wave expansion of the triangle after the reverse back to pull off a breakthrough characteristics. If such a pattern enough to know, will know that the expansion of the triangle formed as soon as confirmed, E-wave pseudo-back pull back after the break will be a surge in market, while its magnitude will be a breakthrough in the expansion of the triangle at its widest point along the same length when position. At present, ETF50 operation is, E-wave pseudo-breakthrough back to the lower rim, and has stayed for the next three days along the top of the above. Although we have not yet evidence that this expansion will set up a triangle, but it has the possibility has reached Qi Cheng. The transaction detail from the ETF50 distribution analysis, the location of a large number of 1.053 accumulation. In other words, if the future ETF50 back below the triangle is no longer under pressure along, and pull back to be able to stand firm in 1.053 above, then the likelihood of expansion of the triangle formed up to 100%.
Institutional positions by tracking the index found that in the four early end to 5 years during Quotes, QFII position index of the performance of the worst; in mid-June to early July period, it is the worst-performing index fund positions. In fact, these two types of funds are the use of indexes into the overall structure of the fourth amendment to the structure of the upstream segment to lighten up a lot of action. Early in August the Fund's semi-annual report came out, we found that some fund companies have been owned by the fund's holdings is less than the agreed contract value of the fund reached the lowest limit, while the majority of the fund positions have been reduced to 70% or less. Just at the end of July, analysts see the same air, have the author discusses the advent of the medium-term adjustment. When everyone is that the medium-term adjustments in the interim, mid-course adjustments are likely to have reached an end.
We dare not say the above reasoning is necessarily correct, but from the market trend as well as the Handicap change, we have perceived the attitude of the mainstream funds is quietly changing. If we ETF50 analysis is justified. So, back of the stock market is bound to be guided by the mainstream financial index constituent stocks Quotes. Now is certainly not the deciding on the question of how flesh, but rather along the direction of large capital inflows, to search for possible future mainstream plate. If you do not have an independent stock-picking ability, large levels of capital the best way is to stare at ETF50. We now say that the expansion of the triangle, if established, it is likely to be an increase of about 35% sure it was listened to would laugh. But not trouble yourself to laugh, securities analysis has always been proved to do the last laugh is the wise man. And then there is a period of about seven days, the market will be able to give direction.
