Category: Money tips Release Date: 2007-06-14
Source: Zhejiang, Li Jie
The recent renewal of a short squeeze magic tape, shock index pulled Wednesday, Japan rose 113 points, quick stand on the 4300 point, and within shouting distance of record high point of 4335. Since last Friday the market continues strong start in a row after the capture of crossing the broader market has been to enlarge the energy attack. Indicates that the high point of the short-term tape refresh may be more large, Hu Zhi is worth noting that at the early stage after a record high of 4335 points, a rapid decline in the trend. Therefore, should not ignore the high point of the resistance near the plate, and some real estate, finance, etc. are all in individual stock price has been reaching record highs, the potential profit-taking is inevitable. Thus, we believe that the lack of market index continued to increase short squeeze based on short-term ascribed to lower the risks faced tape release.
This past few trading days volume of energy release, although the volume of contrast was significantly larger pre-sideways, but continued to rise in the process, the content can has begun to shrink. Tuesday began to Shanghai stock market turnover relative decline, Japan will decrease the amount of 100 billion yuan. Even if the Shanghai index rose Wednesday over a hundred points, but the amount was only 127.4 billion yuan can be. Volume will continue to be restrictions on the sustainability of broader market rose a major bottleneck, in accordance with the current amount of energy release, once the volume continued to shrink, especially in the early sell-off in the vicinity of high intensification of the support plate in the absence of new energy circumstances, the broad market continued to ratchet up would likely face serious obstacles.
At the same time, from the news perspective, both the early increase stamp duty, or the recent interest rate and interest tax cut on the markets have a certain impact. 3/1000 the impact of stamp duty will not be because the current index of re-approaching previous highs and have fallen. Heavy duty although it may be suppression of excessive speculation in the market, but it also could undermine the market capitalization of follow-up efforts. Over the last few trading days volume can be reduced, but also reflects the high stamp duty on the existence of a lot of resistance. Management focused on cultivating long-term capital market, but quickly pulled blue chips after long-term funding can not continue to chase the high bid, after all, the current market transaction costs are relatively high. Therefore, we believe that the current high-tax environment, after the long-short continuous ascribed to the differences will gradually increase, thereby affecting the movement of indices.
Momentum from the recent rally, point of view, blue chips hit a high point of this second strongest force. Iron and steel, real estate, non-ferrous metal plate first issued force, to Wednesday, electricity, coal, and finance sections are also Xianwei up. Power Unit is more eye-catching performance in the Wednesday, the two cities 13 stocks closed limit-Power, Huadian Power International, Huaneng Power International, and other key species are the heavy volume closed limit-up. With five main electricity tariff increases positive expectations, the power unit form a "wolf effect." The coal stocks rose, apparently closely related with the higher coal prices. Pork prices from the beginning of the continuing wave of domestic commodity prices, industrial raw materials prices are high, thus continue to be favorable for upstream industries. While the state will adjust to the non-ferrous metals industry, resource tax, but the overall impact on us. The huge profit growth below expectations, coal, nonferrous metals and other resource stock market outlook is still to have some upside.
The formation of a continuous tape rose among the money market, the gradual effects of the release, but with the gradual arrival of the early high, the corresponding adjustment of the pressure will increase. Some individual stocks have gradually produced a high-risk chase. Moreover, the current market environment, some stocks rise in a continuous limit-plate, speed up too fast, taking intensified. Although most of the mainstream varieties of blue-chip may also have some up space, but it is not a one-off. Operation, and actively pursuing high operation is not very wise, for some short-term gains than the blue-chip may be patient callback opportunity, a lack of fundamental support for some of the recent theme of shares rose market, of which there may well be the high point of rallies by pounds of opportunity.
