Today Is Not May 30th

2007/12/10 15:29:40

Today is not May 30th. Why? Have you ever seen it snow in Beijing on May 30th? Since Beijing's first snow of the season has arrived, the market naturally needs to bleed a little and see some red.

However, this ID's space will continue in green — to keep you all calm. Don't get too excited the moment you see red, or you'll become one of those bulls killed in Spain.

The price action — nothing to say. Friday it was already stated: if not even the first top fractal on the daily chart has appeared, then stop being jumpy at every little thing. That's why this ID continues in green — to conserve everyone's energy, be environmentally friendly. What's the most energy-efficient approach? Buy at a buy point, then hold and wait for a sell point. The establishment of a daily stroke means that if the intraday jumpiness isn't enough to create a top fractal, then keep sleeping and wait until a daily top fractal appears before getting up to check whether it can effectively break below the 5-day moving average.

Of course, if your hands and feet are exceptionally nimble, use the 1-minute price action to rotate stocks or trade the spread. However, the first phase of a rebound is mainly a broad rally, so stock rotation is harder.

The next task is the first objective already mentioned before — fill the gap. A small portion was filled today. Complete the first objective, hold firm, then look at the second objective. Rice must be eaten one bite at a time, people must be fooled one batch at a time — that's the essence of a rebound.

Over the past year, this ID has mentioned quite a few stocks, but only two were explicitly declared as "tuition-fee earners" for everyone. The first was 000999 at 6 yuan — that was back in December last year. The second was 600737 in the second half of this year, when the price was 8 yuan. Now, 000999 aside, who among you has held 600737 from 8 yuan all the way until now?

Here's a thought exercise: In 2008, the types this ID continues to favor are non-ferrous metals, steel, Olympics, environmental protection, agriculture, China-prefix stocks, whole-group listings, military industry, and so on. Which category does 600737 belong to?

Let dreams continue to shine into reality. Bread will come.

Signing off, see you later.