Category: Money Tips Date: 2007-02-20
Source: Beijing in the first place
Today, the market trend of re-staged scene of diving, the biggest decline in Hu Zhi approaching 7%, below the 3,600 points, 3,500 points and 3,400-point mark three consecutive integers, below the 5 and 10, two moving averages, there has been panic The sell-off, volume is also re-amplification, Shanghai stock market amounted to a record 178.7 billion yuan, but Hu Zhi was supported in 20-day moving average, Yao City there are bargain-hunting approach plate, forming a nearly 100 points lower shadow lines, show that multi-party still has a certain ability to counterattack, comprehensive recent trend, we believe that today's Yinxian the broader market may become the beginning of a medium-term top of the structure, adjust the pattern of afternoon will enter, but down the space is not large, is expected to form a big box pattern formed between the upper and lower points in 3100-3600, while the short term, long-short the two sides will continue to struggle, the index will also be there again.
Focus 1: Macro-control factor in a panic sell-off factors, internal adjustment pressures is the largest reason.
Into April, we will find that, after trading more and more of the diving phenomenon, but each time near misses, especially in week 2, two trading days Wednesday, Hu Zhi intraday margin began to increase in diving , but also successfully maintained a good upward trend, but the short side today, finally revealing a strong impetus to reason, we believe that the short term, so the biggest factor is market released today by the first quarter of 2007 economic data, after We forecast that CPI in the first quarter of 2007 should be between 3.2% -3.5%. In other words, a single month CPI will be the first time the central bank's 3% of the control to determine the bottom line, while the market participants are expected to strengthen the management of macro-control efforts will again, such as raising interest rates and so on, these expectations, some of the money option is to flee to be expected, thus resulting in today's diving. However, we believe that today's interest rate increase is expected to decline in appearance only, the market adjustment of the internal pressure of the huge accumulation is the root cause of today's sharp dive, since early March has been Huzhi point all the way up from 2800 to 3600 points, up 800 points 30% increase in the vicinity, and in which almost no decent adjustment severe overbought technical indicators, especially the contour of indicators have reached all-time high places, and the emergence of the top departure from the trend, but the biggest reason is the last two months, up more than 50% of the stocks rose more than 100%, of which most of underperformance as stocks, oversold stocks, shares and other subjects, but also accumulated a huge profit chips, therefore, a strong adjustment pressures within the market before is a major reason for today's dive, and, from now on view, this adjustment is the release of the pressure has not yet ended, long-short will continue to fight.
Focus 2: individual stocks staged another round Pudie 2.27 market, bargain-hunting led to increased volatility.
Disk in the general stocks fell today, especially among the drop table Awkwardness the forefront of the Fund, such as the rate of real estate down clearly, this is because the interest rates on the property the biggest reason the negative impact, while bank shares early Although there have been strong, ICBC morning once rose nearly 2%, the biggest intraday gain in Hua Xia Bank close to 4%, but did not receive the market response, also joined the ranks of the diving, such as the ICBC the biggest decline in more than 5%, as well as China Unicom, Baosteel, Sinopec and so on, the biggest decline in more than 6% of the market forming a huge pressure, such pressure, other stocks have rapidly diving, over 90% of the stocks in a down state, it can be said that today's trend and February 27 is very sharp dive similar, but the biggest difference is that stocks Pudie environment, and not too many stocks to reach daily limit, fewer than 50 companies at close to limit down, many individual stocks opened lower limit in Yao City were Quotes and 2.27 re - more than 800 stocks lower limit is completely different. It also reflects the current market environment, with the warning, the market capital and not afraid of diving season, but had chosen a strategy of buying stocks every drop.
On the whole, due to technical, policy factors have contributed to today's sharp dive, but the flood of liquidity has not changed, the rapid economic development dramatically enhance the performance of listed companies, the market environment is gaining popularity, even today, is a big Yinxian a medium-term the advent of the head, but the adjustment process will be complex and changeable, the market will not easily sharply downward, but not much space down, we believe that the market outlook is expected to enter the market in a big box operation, incremental capital and profits will continue to be fierce competition between the chips, the index also increased the frequency of fluctuations, and this process, individual stocks, there are many opportunities will continue to belong to short-term investors to profit opportunities.
