Category: Money tips Release Date: 2006-09-15
Source: Xiao Yu Hang Jiuding Allianz
Year of the Pig, as the first trading week, Chinese A-share market turbulence presents the intensification of the pattern of massive income yin. Benchmark Shanghai Composite Index opened to 2999.09 points, up 3049.77 points, the lowest 2732.88 points to close at 2831.53 points, down -166.94 points the week, the total turnover of 504.8 billion yuan, the Shenzhen into that week down -648.94 points, the total turnover of 259.7 billion yuan; Shanghai Total turnover of the whole week and Shenzhen reached 760 billion yuan, and from K-line portfolio of view, both the two cities to massive Bardo at close. I through massive weeks and weeks of overcast analysis of status of the transaction, the overall view that giant Yin revealed the following market information and behavior.
1, full-Friday trading days Suliang overall upward decrease the amount of heavy volume can change;
2, by the U.S. stock market fell and the pre-Greenspan predicted the U.S. economy is probably entering a recession, the stock investor Warren Buffett the world's annual investment to reduce the impact of the expected return, the United States and Hong Kong stock market tumbled, and the Chinese A shares of the resulting linkage, the world's the stock market "Black Tuesday" trend, Shanghai and Shenzhen A shares began to strengthen linkage with the international market.
3 weeks underperformance trash stocks started strong performance, especially in a group of serious loss-making companies, which also reflects the market conditions signal the emergence of the crisis.
4 weeks, the Shenzhen and Shanghai stock index major technical patterns are presented at a high level speakers put under the pattern of slump, but still trumpet, with respect to this point I repeatedly warned investors to pay attention, because there horn-type is a typical high technology put form, once Powei lethal very large. Into that very standard in Shenzhen, the Shanghai Composite Index trumpet on the border not in place, but basically in line, it is worth a high degree of vigilance is that stocks will remain active within the trumpet, but once formed Powei its theoretical decline in very large, with Shanghai Composite Index Po Wei, for example if there is valid, the theory of drop down to 2000 or thereabouts.
5, financial and real estate fell first, pre-weakening the strong medium-term impact on the market shares of large, medium and long term technical indicators such varieties began Sicha down, bouncing off ultra-short-term requirements;
6, China's Ping An Gaokaidizou, but also a heavyweight entry, March 15 will be included in index demonstrate its impact;
7, Shanghai and Shenzhen cities of weeks to reach 42 times the average PE valuation risks appeared;
8, the management of the stock market fell and quicker in response, began to fall on the second day of information clarified;
9, medium-term technical indicators continue down divergent, but the short-term indicators in the fall by the amount of increase in the transaction state Suliang a weak rebound possible;
10, the Fund sold a fresh start, management tips risk education,
11, the SME board listing of new shares changing hands on the first day hit a new low, in which N East, Hong Kong (002,117) a day changing hands only 38%, indicating that investors are starting to be treated with caution opened higher after the price-earnings ratio PE is too high (generally 60-fold more) stock species, the reasons for such a system, or an overheated market, formed under the multi-year share price performance of growth in overdraft, I am afraid will fall in the future to fix.
Overall, Zhou K line appears in the form of massive Yinxian bearish technical pattern among a large, but because of bearish technical pattern is still no noticeable Po Wei, Stock Quotes, therefore continue to produce, but the performance of underperformance trash stocks investors should more cautious approach, the author studies suggest that huge loss, underperformance, the net negative species, in China A shares of international market development and promotion of investment concepts mature, these species may be the next to the Hong Kong stock market in "penny stocks close to , even though they are currently able to maintain a high 5-20 yuan, but with the introduction of stock index futures and the future value of the return of the risk of these species is enormous. For the current market conditions, I believe that some of its growth is good, price moderate species should be of concern to investors, in the form of massive bearish yin within weeks, for aggressive investors to actively seize the investment opportunities is still viable, and in operation to refer to the "two sessions" in the relevant policy changes and market hot spots in order to amount of money is more secure, but a sound investment in people, I still wait and see strategy recommended strategy is probably the best choice.
