When Even ICBC Goes Crazy, What Tricks Do the Sedan Carriers Have Left?

2007/8/8 15:44:40

Today's oscillation was already explicitly stated yesterday. Moreover, yesterday also specifically emphasized the possibility of certain market-supporting forces appearing. But such forces have not changed the fundamental nature of the oscillation — they've only made it more deceptive.

The oscillation's position was also mentioned yesterday — the gap that was two points short of being filled. Today's two downward jumps both received special attention at that level. If this kind of movement can make you dizzy, then please focus on studying and adjusting your mindset. Clearly, as can be seen from the chart below, after the 5-minute hub discussed yesterday was established, this hub's oscillation will continue until its third-type buy/sell point appears. The specific analysis is too kindergarten-level to bother explaining.

The current 5-minute hub oscillation around 4600 points corresponds to the one at 4300 points. That is to say, since the rise from 3900, two 5-minute hubs have already appeared, so the 5-minute upward trend type can be confirmed. But as mentioned yesterday, generally, third-type buy points after the second hub onwards — even if they appear — have an increasingly higher probability of evolving into larger-level hub oscillations. Therefore, in operations, you must adhere to the following principle: before a third-type buy/sell point appears, you must sell first and buy later. Once a third-type sell point appears, resolutely wait until a larger-level hub forms or the decline completes before re-entering.

Of course, for those without this technical ability, watch the 5-day, 5-week, and 5-month moving averages. Short-term, the next three days are key, because the 5-day line has been gradually catching up. If the market cannot effectively move higher from the current position, then breaking below the 5-day line and moving toward the 5-week line for support would be perfectly natural.

Now, for the fourth wave of buyers, a realistic question is: after even ICBC has gone crazy, what else is there to stir up? The simplest answer: continue to stir up sectors like automotive, transportation, and energy — sectors that haven't been heavily churned recently — then cycle back through the previously stirred sectors for another round, luring the fifth wave in. At that point, what's even more dramatic than this ID's earlier description of the "big elephants dancing a minuet" is that the big elephants all turn into little birds, flying everywhere across the sky.

Of course, this is only the fourth wave's wishful thinking — whether it works out, we'll just have to watch. We only need to stick to the aforementioned buy/sell principles, lower our costs on the side, and patiently watch the sedan carriers perform. As for those without this technical ability — just watch the moving averages and hold onto your stocks.

Afternoon and evening both have activities. Signing off for now, see you later.