Category: Money tips Release Date: 2007-03-06
Source: Galaxy Securities Author: Chen Jian
Tape around the point of this week, Qian Liu Su Liang shocks, this week's weekly Yin doji shows that hard to get rid of the short-term long-short pattern of seesaw-type shocks. In fact, from the wave theory point of view, 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 as the second wave adjustment, 1067 -1308 to 3 (1) 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 three (5) wave upside, 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 1541 low last week, has been adjusted to a period of about five weeks, according to Fubonaqi magic number 5 weeks time window of possible turnaround in the law of the broader market may be low in 1541 launched a technical 4 ( B) wave rebound.
Because it is a technical rebound, rebound will not have much strength near ,1630-1637 has a very strong resistance. First, the tape was dropped on the way in mid-July had to build a small double bottom, that is, July 14 1633 low of July 24 1632 low for small bottoms, due to long-off line of defense in this building to form a transaction-intensive area, constitutes a counter-pressure on the file. Second, the current average system has formed a short-order, 20, 30-day moving average constitute upward pressure, in particular, is an important medium-term moving average on the 30th near the average in 1637, long process in the upside it is difficult to effectively break. Therefore, four (B) waves rebound near the goal located in the 1630-1637 in the short term will continue to revolve around a strong shock near Qian Liu.
Middle in terms of, B wave rally will continue into the broader market, after 4 (C) waves adjustment, but not much room for adjustment, it is possible to achieve a real stabilizing the region 1493-1540, the current phase adjustment does not change the medium-term continued strong trend.
First, according to box theory, the role of 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 shocks 1300-1783 pattern, The box of 1540 points along the bit, as a box of up to three years along the Office of the tape support a certain role.
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.
The Shanghai Composite Index Zhou K-line
MACD green column amplification, DIFF and the DEA at a high level after Sicha down, vulnerable
RSI 3 line in the median line near the wound in the short term direction of an unknown
KDJ KD rapid downward into the vulnerable area, J value is severely oversold, short-term adjustment pressures is limited
DMI PDI, MDI opening contraction Sicha tendency toward a favorable direction for the development of short -
The Shenzhen Composite Index on K-line
MACD Hongzhu the beginning of the current, DIFF, DEA is expected to begin bonding Jin Cha, strengthening of
RSI 3 line in the median line near the wound, blocked the possibility of the median line of great home
KDJ KDJ overbought zone up to the advance, J value is severely overbought, the rally has not ended
DMI PDI, MDI openings began to shrink, bulls favorable
