Category: Money tips Release Date: 2007-04-12
Source: Chengdu Daily Author: Ushio
In August the stock market pushes himself optimistic about the continuation of the trend seems to be difficult, and in September's first trading day of a tape re-Lu Zhengrong, such a start it seems a reminder we are still living in a larger level of adjustment of market conditions, short-lived After a good life waiting for us is still long road to the bottom.
Weak rebound has ended
We believe that this wave began in 1541 point rally may have been the end of the week.
In fact, since the broad market in June has been in the adjustment of market ups and downs under the operation during this period decreased by several waves of unilateral and unilateral rising trend in the weekly charts are already built into the more typical head and shoulders pattern in its basic form If this reasoning, the current "right shoulder" the rising part of the already running is completed, in September will first run down the right shoulder of the site, followed the trend of the breakdown neckline will be more tragic, if strict accordance with the shape theory, a measure of decline in terms, it fell target position for at least the 1300-point below.
In fact, the real future market trend may not really have such a terror, only to return to bottom of the road only.
Neckline bit face the test
In my experience, too "perfect" thing is not true, and there are already top of the head and shoulders pattern across the cycle due to its 4 months or so, the standard form of books tend to appear more complex in reality variation afternoon breakdown "neckline" is indeed a substantial possibility, but not necessarily form will be completed given a measure of decline.
From a psychological perspective, such a clear head and shoulders top pattern is indeed its lethality can not be underestimated, it will become the biggest selling short the future short big excuse to defend the "neckline" will become an important trend in September proposition, although this is likely to be a pseudo-proposition only.
Next week the market is not optimistic about the
Go back to talk about the market's short-term trend. Just as we worry about, like heavy volume after the gap is often adjusted precursor Su Liang, Xiao-yang split step of consolidation is so fragile, after yesterday's plunge, the market slowed, the signal is already quite apparent, and this scene is at weekends to make next week's trend of completely shrouded in the shadow of Black Monday.
Does this all the way down Nadao broader market may not, at least for the short term there is competition for 1600-point integer-related, if the broad market quickly dropped to the region next week, the same could lead to a decent resistance, but this is only a rebound in the aftermath only on the change in September The fate of the market does not help.
