3533 Points Becomes A Key Short-Term Level

2008/4/10 15:25:06

The internet is insanely slow—just logging in took over 10 minutes, which killed any mood for writing. Let me just say a few words.

Today, another perfect short-term opportunity: the 60-minute bottom fractal has been established, and 3533 points has become the key short-term position. By "key position," I mean that if we stand above it, the market will continue extending its rebound—meaning the second bottom test is complete; if it can't hold, then another bottom test is inevitable, and the chances of breaking below are extremely high.

Today, coal, securities firms, Binhai, and others even hit new highs for this rebound—a good sign, proving that at least some capital is bravely going long. Now, for the index to achieve a major breakthrough, it still depends on financials, real estate, non-ferrous metals, and so on. But having some sectors charging ahead naked is absolutely a good sign.

Mindsets need to change. This year's market won't move in a straight line—the bottom also needs to shake back and forth N times before it's satisfying. If you don't understand this, go ahead and suffer.

Pay attention to the rhythm, and you'll naturally enjoy it.

This lousy internet—press a button and wait forever for a response. What a waste of time.

Don't feel like writing anymore. Signing off. Goodbye.