3613 Points Works Its Magic Right on Schedule

2008/4/8 15:19:39

Yesterday I gave 3613 as the key short-term level. Today, the entire session oscillated right around it. The closing at 3612.5 alone tells you that this level indeed played its role right on schedule.

The situation now is simple: hold above 3613, and the upward attack continues. Otherwise, a major pullback appears. So, this week, just keep your eyes on this level.

On the individual stock front, sector rotation is accelerating. The key question now is whether the sectors that pulled back first after the rotation can rally again. If they can, the broader market definitely has a real shot. If not, at least a correction is needed.

Currently, the rough sequence has been: real estate, financials, non-ferrous metals, brokerages. Then today, virtually all the major themes made a move — venture capital, agriculture, Three Links, environmental protection, and so on. So going forward, the focus remains on whether financials and real estate can rally again.

Of course, some smaller sector rotations will continue, but for the big picture, these don't carry much significance. For the market overall, what matters is the big perspective.

You should have noticed that lately this ID has consistently been using only fractals of given levels to conduct unified analysis. The point is actually to show all of you that if you truly master one technique, you can solve the vast majority of problems. This is the demonstration. Please thoroughly study the entire process from the bottom exploration to the recovery. I'll write the lessons after this demonstration is complete.

Don't feel like saying more. Saving some energy for staying up to watch football tonight. Signing off. Goodbye.