Category: Money tips Release Date: 2007-02-26
Source: Chong-jun's advice Authors: Hu Yongwei
Broader market plunged 89 points yesterday, the market panic atmosphere was very strong, but relatively quiet news front today, the stock market index was also lower open, to continue to test a low inertia, disk easily puncture 30 days moving average, the minimum test a low at 1540 points, the amount will yesterday's has been shrinking. From yesterday's market closed in August 2001 the largest since the Yin Xian, deal a hard blow to the confidence in the market, in the calm surface of the message, some are waiting to see the status of yesterday's sell-off to join the ranks of investors, which increased the market sell-off, resulting in today's morning after 13 o'clock sharp Tiaokongdikai continued to drop, the former Urban decline and nearly as high as 46 points, closing low. The continuation of the former City tumbled trends point index will continue to test a low afternoon.
However, the performance of the former city of view, although the stock was down 46 points early, but the disk stocks lower limit less than 30, up substantially reduced, which shows that, after yesterday's sharp fall, the market sell-off short kinetic energy and the will has weakened significantly, which also means that rates will slow down the afternoon tape. Easily be puncture on the 30th morning stock averages and 1238 ~ 1695 points, 1543 points, two thirds of the technical level, such as the afternoon failed to set 1543 stable point, then the tape will be short-term test of 1238 ~ 1695 points, 1520 points of 0.618 technical level support.
Yesterday contrarian notion of trying to flaunt the development of Tianjin Binhai stocks continued to perform today, reassert "A Better Tomorrow." Recently, the State Council has clearly stated, there should be four major initiatives to promote the development and opening of Tianjin Binhai New Area. Throw its weight behind the central government, so that we "see" another "Pudong New Area" in quietly rising. Binhai New Area to accelerate the implementation of large-scale development will make greater contact with the coastal development of the direct benefit of listed companies. Coastal development concept stocks this year, has repeatedly active, G Jinbin rise in the last three months more than 100%, G TEDA gain in the past four trading days are more than 30%, big money involved is very obvious signs. Yesterday and today morning, in the case of tape straight down the plate in the G-limit-shore to buck the trend, big money has apparently not contain himself; as the stock fell to a slowing down of the plate is expected to become the leading varieties afternoon.
Oscillation is expected to continue to adjust short-term broader market, the proposed development of coastal stocks concerned about the potential of varieties.
