The Purely Technical Trend Faces the 3305-Point Test as Expected

2008/4/23 17:58:56

Yesterday's analysis identified 3085 points and 3305 points, and today's market action played out exactly between these two levels. The morning retest confirmation of 3085 points was absolutely textbook. In the afternoon, the market hovered just below the 3305-point threshold during the final half hour.

Obviously, if 3305 is broken through, the nature of the market will escalate. If it fails to break, there will be consolidation. Therefore, using this as the operating standard makes things very straightforward.

Individual stocks are now broadly warming up, and some sectors are gradually showing medium-term strength characteristics. As long as there are genuine leaders, the market has a real shot.

Too much to discuss, so I won't elaborate further -- just follow the charts and operate accordingly.

I roughly read through everyone's comments from yesterday. Thank you. This ID will take them seriously. When there's time, I'll record the relevant matters one by one, just like an operation log for a stock trade.

Signing off for now. See you later.