Category: Money Tips Date: 2006-06-06
Source: Shanghai New Rand
Wednesday's broader market than we expected yesterday, a lot weaker. Tuesday Fanchou stock just after the 5 moving average, then re-entered into the pattern of downward shocks. Recalling the day of the disk, the day the short side using Tiaokongdikai rapid breakdown of the market panic is not only pointed out the importance of our support level around 1530 points, and by continuing to focus on the bombing petrochemical, banking, steel, led by index heavyweights will be the minimum hit 1512 points, from the Japanese line of view, the short side, drove a short May 9 1497 point jump the gap intent is very clear.
Technically, today's tape to the killing under the fast-Po Wei Brin line rail and 10-week average of only get support, although the market take a very ugly day, but eventually index closed at 1530 points or above, showing multi-resistance also did not give up In the stick. 60 minutes from the K-line perspective, can be found, since June 8 low of 1540 points have been in decline in wedge-shaped embryo, now in its wedge-shaped end of the wedge, once completed, then adjust the end of the stock in the short term will have Fanchou from 1594 points to the possibility of wedge-shaped. However, because of this fall leaving a shortfall of a wedge-shaped structure, the re-test a low short-term there is the possibility of broader market. Wedge on the track tomorrow, near the 1547, it is 5-day moving average at here might lead to short-term pressures, while the wedge-shaped rail the next two days will be the next 1510 points to 1500 points in between, where exactly is gapped May 9 the gap near 1497, there is relatively strong support efforts. On the other hand, a substantial decline for three consecutive days from the turnover point of view, tape down power directly to filling pressure is not very adequate, short break and then a new low even though there will be a rebound should also be there. However, due to the existence of this wedge is also the risk of the final variation, therefore, our new flagship center that: short-term investors, we must focus on the market in the wedge-shaped upper and lower track changes in the trend after the break, if the broad market on track to break through the formation of wedge-shaped Quick rebound again after the break to kill a new low, they have to be careful phase adjustment of time and space will increase. Therefore, the time has come to regain control of the multi-disk initiative last chance, short-term multi-party, such as able to seize the opportunity to wedge-shaped end of the rally to recover lost ground quickly, then the afternoon will be re-strengthened, or even does not rule out the possibility of challenge to a new high; However, if the multi-party close hand in the air side's failure to take the initiative to continue to maintain weak shock rebound, then multi-party has been unable to re-up attacks on a new high. Short-term focus on 1530 points of contention.
It is worth mentioning is this: to adjust the structure of this broad market with the adjustment occurred in February this year, the higher the similarity: both, after the holiday boom driven by the non-ferrous metal tape-hoisting, and then adjust the non-ferrous metals stock index peaked driven down, but then compensatory growth stocks led the market in the next wedge out of an expendable up and eventually ruined the wedge-shaped starting point for rapid decline. Regarding the time, the order form in February to run a total of 21 trading days, while the current from the May 15 order forms to begin running today, is also just 21 trading days; space, they also adjusted to Bollinger Bands Under the Rail Division, then the market was able to copy the track order form we will observe.
As for the market, the core species - China's Sinopec (600028), the new flagship of the past few days as we daily follow-up analysis as: After a continuous drive to accelerate after the end of today, has entered the medium-term support area, details may be recalled that the new Flagship Center www.0304.com.cn site. The Unit's primary sell into short-term momentum has been basically completed the release of the next few days will be to explore at the end of the next inertia, once find a low rebound will lead to rapid emergence of the rebound in the first objective will be near the 10-day moving average, it would be in large measure to underpin a rebound in stock. And today, Shenzhen Development (000001) has also started to bottom out as scheduled, which will Budie banking stocks and individual stocks have a certain catalytic role in objectively alleviate the downward pressure on the broader market. Looking at the whole disk, the market is still weak overall performance of the near future, the risk of individual stocks Budie remains. So for sound investors, continue to wait and see is still a good choice, to be confirmed after the market rose to intervene too late, even for the aggressive type of investors, or pay attention to selection of individual stocks, short-term operation also requires precision agriculture fine to do, after all, not now, as in May Soaring stages of what to buy are up to market fluctuations in space and the corresponding risks should be aware, and let good win stop-loss and stop bits.
