Category: Money tips Release Date: 2007-02-02
Source: Qinhong Bohai Investment
A-share market this week, showing the typical characteristics of Xianyanghouyi trend, making Shanghai Composite soared on K-line diagram in the K-line after a combination of Yin, in order to cast a shadow over next week's trend. However, I believe, diving Yin K lines do not change A-share market bull character. Market acrophobia
For the A-share market this trend, the industry believe that the main reason is that after the first four trading days this week, soaring after the off-site resources are facing high point, it has also produced a certain psychological fear of high need for broader market decline to provide a relatively safe Jiancang point position.
This week, A-share market has also ushered in two poor information, first in March trade surplus is only 6.87 billion U.S. dollars, there has been a substantial decline, if there are continued signs of this trend, then the trend will have a certain appreciation of the renminbi pressure, thereby inhibiting the broader market bounced up space.
Second, the three S & P Pharmaceutical Co., issued a public notice that due to unusual price volatility in the company to investigate the Securities and Futures Commission, the stock opened yesterday, that the daily limit, thereby greatly suppressed long passion to do more. In addition, from time to time over the weekend came the stock market-related regulation of rumors, which the daily limit of three S & P Pharmaceutical Co., formed a resonance, bull funds decreased drastically raised the price of the impulse.
A good trend to remain unchanged
But this does not mean that A-share market trend will not have inflection point, one, the disk showed a turnover of A-share market has maintained an active posture in order to Shanghai stock market, for example, average daily turnover of 1,500 billion yuan has been , which means that in the absence of substantive bad circumstances, the amount can be accumulated by the cost factors in the index can be maintained at around 3500 points, shock.
Second, because many companies do a quarter surge beyond market expectations. In the past one quarter, quarterly forecast process, if there can be more than 50% of stocks of pre-hi announcement on the much sought after market. But the unexpected is that a quarter of this year, 10 times, 20 times or 50 times the performance of growth stocks everywhere, greatly boosted the confidence of the bulls. No wonder some analysts have pointed out that the performance of the 2008 projections estimated that the dynamics of the Shanghai and Shenzhen 300 is expected to drop to 20 times price-earnings ratio, which means that A-share market there is still room for growth.
So, Friday's diving, and will not change the A-share market's long-term upward trend. While diving yesterday in the process, did not lead to rain in buying, but if the bad over the weekend, rumors were flying, taking into account the situation is not difficult to understand why he did not tape completed intraday adjustments. In other words, Friday's Yin K-line is really diving accident, and will not change the A-share market to a good trend.
