New Blue Chips Become Bull Weapon, Market Regulation Fails Completely

2007/9/27 15:31:37

Today's price action, driven by anticipation of large capital releases tomorrow, produced the expected rebound. Technically, the pullback after the 1-minute completion that was especially emphasized yesterday did not produce a third-type sell point, so short-term trading continues to maintain hub oscillation. From the medium-term chart, the biggest danger for bulls right now is a rounding top. Therefore, if the bulls don't want to end up in a boiling-frog situation, they must at least quickly break through and hold 5500 points firmly after the holiday. Otherwise, the probability of this rounding top materializing will greatly increase.

From the perspective of the bet between capital and policy, capital has won a decisive victory. Today, CCB became the bull weapon, declaring that the approach of regulating through adding so-called blue chips has completely failed. Capital's current declaration is: however much you throw at us, we'll turn it into weapons for pumping. As long as you're still doing market regulation, we dare to charge headlong.

This ID has clearly stated before that in this bet between capital and policy, the ultimate outcome will certainly be policy raising the big stick. But capital's behavior is also understandable — capital is just like this. Even end-of-life warrants can be traded to a frenzy. Under these conditions, what wouldn't capital dare to bet on?

China-prefix stocks and theme stocks — two butterflies fluttering along, flying as far as they can, who cares if tomorrow brings heaven or ash.

Tomorrow is the last day. It all depends on how much of the unfrozen capital can be lured in. When will this oscillation that's increasingly resembling 30-minute consolidation end? Look at the chart — third-type buy/sell points.

May this game be prolonged as long as possible. Money is made through churning. If you want to churn, how can there be no risk? Just watch the knife nearby and the big stick that's always hanging over your head.

Very busy today — going to visit a company this afternoon, and there's a meeting tonight. The evening post might be very late; reading it tomorrow morning works just as well. Don't let it affect your rest.

Signing off, see you later.