Category: Money Tips Date: 2006-07-31
Source: National Securities Kou Jianxun
Thursday broader market also tackled an integer mark, 3,500 points to become history. With the previous difference is that the market was unusually calm. The short side has not made a stubborn resistance, multi-party and no more aggressive in the past. Obviously, the old shorts have been gradually added to the huge bull camp, long the main break has begun. In the tape for several days after severe shock, in the turnover volume of records of consecutive refresh the days after the long-short getting smaller and smaller differences between the two sides. With the reduction in short units and multiple unit growth, a higher target stock will advance.
Speed up the upside stocks in three consecutive days after the Thursday finally slowed down the pace of the bull market. Although the stock has broken through resistance at 3,500 points, an integer boundary, but the rate of rise decreased, the trend has also changed the characteristics of a sharp intraday volatility, but become very robust. In particular, stocks in intraday drop the adjustment process did not appear the phenomenon of fast-diving, the corresponding location of the volume there is no obvious amplification. These changes are all on the trend indicates that investors have short-term top has been re-understanding of the position, in other words most people have reached the market stocks in the short term will not have a dramatic correction consensus. As the number of intraday volatility during the sell into the decline trend of the broader market also relatively stable, long naturally do not use too much energy, but choose to save the strength of the strategy for the future healthy development of Quotes accumulation of sufficient kinetic energy. This is a very good explanation of today's banking, weights and other indicators of iron and steel shares the reasons for poor performance.
In the banking and steel stocks weighted index adjustments, Thursday market's rise came mainly from individual stocks a comprehensive active, the two cities rosy stock reached 1,200 only. Broad based, the situation in individual stocks, the money effect has attracted enthusiastic participation from outside the incremental funding approach. China Securities Depository and Clearing Corporation statistics show that since April, the Shanghai and Shenzhen stock markets steadily higher the number of new accounts. A number of shares of new accounts following the 9 hit a record high of 188.5 thousand, after 10 re-record to 194.5 thousand, of which 194,000 individual new account. Since April, average daily number has more than 140,000 accounts. As of April 10, Shanghai and Shenzhen account for the total number of 88.4522 million. The surge in the number of accounts shows the large-scale entry of funds, the market hit a record high turnover frequently it is not surprising. It can be predicted, with the broader market continue to develop new up space inside the rapid spread of the wealth effect, the new funds will be endless conveyor to the floor, thus promoting the indexes continue to rise, such a benign effect in the short term will not change.
Unit weight of the active adjustment of clear indicators for future Quotes of the in-depth development of the new, the market shares based on the indicators of good expectations, there is upside to the broader market expectations, the market has shown a broad based pattern. Weight indicator is long shares of the largest and last of offensive weapons, as long as there is no weight index stocks peaked signs, investors can hold the stock or bargain-hunting bold intervention, both concerned about the performance of the proposed operation supported by another subject for speculation individual stocks.
