Category: Money tips Release Date: 2007-04-04
Source: Galaxy Securities
Broader market fell sharply this week, as each break point of the 1512-1757 gold 0.382,0.5,0.618 retracement of the 1663 points, 1634 points, 1605 points, indicating that the current adjustment is not a small-scale pullback, but that it has entered a periodic adjustments. Tape will be on short-term K-line charts from March 8 1238 low began to form the rising trend line support, that is, March 8 1238 low of -4 14 1328-point connection, at present the rising trend line In 1570 near the broader market have started a technical rebound in the short term requirements.
According to wave theory, 998 points have been the end of 2245 points, and the major adjustment since the beginning of a new round of bull market, of which for the first wave 998-1223 upside ,1223-1067 for the second wave to adjust ,1067-1308 for the three ( 1) The wave upside ,1308-1238 to 3 (2) ,1238-1695 wave to adjust for the three (3) waves upside ,1695-1512 to 3 (4) ,1512-1757 wave to adjust for the 3 (5) wave on the attack, the 1757 launched a fourth wave to adjust. As the second wave adjusted to a simple type, according to the principle of alternation, the fourth wave adjustment will be relatively more complex, possibly by A, B, C 3 to adjust the form of waves. While the broader market since the 1757 high next week, has been adjusted to a period of about five weeks, according to Fubonaqi magic number of 5-week window of time most likely turnaround in the law of tape there was an imminent end of the four (A) wave adjustment Therefore, next week, a technical 4 (B) more likely to rebound waves. Of course, after the broad market rebound will continue into the 4 (C) waves adjustment, but not much room for adjustment, it is possible to achieve a real stabilizing the region 1493-1540.
First, according to box theory, the broader market into a nosedive since the 2245 high point since August 2004 had prior to 1307 points to 1783 points, hovering between the past three years, thus forming a large box shock pattern of 1300-1783, the along the box of bits for the 1540 points as a box of up to three years along the Department, will be a certain role in supporting broader market.
Secondly, according to an upward trend line, from the weekly K-line diagram perspective, the broader market since the formation of a 998-point rise since the trend line, that is, December 9, 2005 low of 1074 and March 17, 2006 1245 to connect low the rising trend line, since this constitutes a long downward trend line strong support, at present happens to be at 1512 points, will have a strong supporting role.
Third, according to the Fibonacci, the current start of the fourth wave adjustment is upside for the 1067-1757 third wave of technical repair, under which all files will have a golden-bit strong supporting role, and 1067-1757 of 0.382 , 0.5,0.618 retracement of the gold were 1493 points, 1412 points, 1331 points, the whole ,1067-1757 of the 0.382 retracement of the 1493 points will become the gold bull great efforts to support the technical bits.
Overall, although the broader market since mid-May has since formed a trumpet shape, which flared in May 16 1678-6 dated 2, 1695 along the high point of connection for the last, to May 24 1562-1512 Low point of connection to the next along, but the horn shape is possible to fail in the end, the current phase adjustment does not change the medium-term continuing strong trend.
The Shanghai Composite Index Zhou K-line
MACD is the beginning of the green column, DIFF and the DEA at a high level Sicha, weakening of
RSI Quick RSI has just broken up in the bit line, there is likely to continue downward
KDJKD downlink, J values into disadvantaged areas, there is room for further downward
DMIPDI, MDI opening contraction, is conducive to short
The Shenzhen Composite Index on K-line
MACD green column amplification, DIFF, DEA speed downlink and turned negative, weak to establish
Rapid RSI into the oversold RSI zone, adjust the not yet over
KDJKD into the oversold zone, J value is severely oversold, there is a rebound in demand
DMIPDI, MDI openings continue to enlarge, short favorable.
