A Few Quick Words

2007/6/6 16:52:09

Was just discussing things with local officials, and there's a banquet coming up soon — let me say a few quick words. Today's movement was precisely constrained by the 7th point at 3,858 — the technical significance of this level was already discussed in the analysis from the past couple of days; see the analysis from that time for specifics. Shenzhen is strong — the question is whether it can pull Shanghai along. Currently, the pressure isn't from within the market but from outside — the struggle is intense; can't say more. Right now, the hub below has already formed, so analyze it from a hub oscillation perspective. Individual stocks are clearly trending toward concentration in the first- and second-tier names mentioned before, but even the best stocks should not be chased high — one must enter at the low points during oscillation. Safety is always the number one priority.

Can't say more. After leaving here, still need to visit Hangzhou to see someone of weight. Probably won't be back in Beijing until Monday.

Heading out first. Goodbye.