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Data:2009-12-12 2:34
Source: Xiao Yu Hang Jiuding Allianz
Su Liang Shenzhen and Shanghai stock markets rebounded Tuesday, the Shanghai Composite Index closed at 60-day moving average and 5-day moving average between the volume shrinkage trend again. Trajectory from the market point of view, despite the market closed out a red-yang, but the market trading was significantly suppressed, but the strong push up stock index, the index was able to close red, the amount of shrinkage that can be indicators of the broader market shares greater support efforts to to the weaker, which may at any time diving can not be excluded. From the moving average systems, the 5 days moving average and 60-day moving average has a tendency Sicha, 60-day moving average by an average of 10 points, the rate of upward movement, Wednesday will rise to around 3897 that is today's close location, tomorrow if you can not stand firm above the its 5-day moving average and 60 may be formed Sicha, so Wednesday the trend is even more critical.
Historical experience shows that: a rebound once the market is able to decrease the amount of the course, its large-cap stocks will soon produce a clear Budie effect, mainly because the market is underpinned by large cap stocks trading will face liquidity risk, institutions would foresee in the market firmly in the conduct of large capitalization stocks reduction.
From the index of sense, the current broad market index and individual stocks fall increase is not proportional to the number of species falling 50-70%, the index over the same period fell by only about 12%, this index downlink limited, individual stocks sell into the deadliest phenomenon, obvious body to support the market index of large-cap stocks generated virtual image behavior, and its aim was to attract investors to re-admission for up attacks, but here is one of the most critical factor in the amount of energy is not a lie, if the trading volume in the afternoon up the process to continue to shrink, I think this will be behind the Red Yang Budie large-cap stocks, and thus trigger a new round of broad market fell for a serious red Su Liang Yang, prudent investors, there is no need to invest in varieties of return fill or Jiancang, but should continue to observe the amount of energy change, and if we still do not change, I am afraid the index can generate a substantial setback, large capitalization stocks that can produce at any time Budie diving.
The current A-share market long-short game is a critical period, some institutions hope that the stock market upward largest holding operation; the other part of the body may already have or intend to sell into a strategic lighten up out of the game, once again the possibility of entering a small high, but from the mid - fundamentals and market valuation perspective, the market's upward space is extremely small, medium-term sell signal has not changed, so I believe that Jinliang Ri Su Liang Hung-yang as medium-term possibility of escape routes is enormous, while the next organizations shuffle We have seen numerous agencies to differentiate the arrival of the market, some institutions there may be significant losses; and partly possible to achieve earnings growth