5-Day Moving Average Support Produces Oscillation

2008/4/29 15:02:13

In the process of getting far away from Beijing, on wireless — can only say a couple things quickly. Beijing is deadly terrain for this ID's illness — decided to transfer to a positive, life-sustaining location. 3656 points is the market's decision point — all oscillation below it is essentially meaningless.

Of course, if the 5-day moving average oscillation fails, the market will confirm entry into a downward stroke, and correction pressure will increase.

For individual stocks, the strong-stay-strong effect is clearly showing in securities stocks, so buy on strong pullbacks. But the key now is watching the broader market — if the correction intensifies, watch for corresponding risks.

Can't say more.

Signing off first, see you later.