2762 Points: The Market Has Reached a Short-Term Critical Juncture
2008/8/8 8:23:58
Yesterday, an engulfing candlestick constructed a short-term second buy point, followed by a pullback to near the 5-day moving average. The market has reached a short-term critical juncture. Of course, the cleanest scenario would be a strong bullish candle today breaking through 2762 to confirm a stroke movement. Conversely, if the market remains hesitant below 2762, then by early next week at the latest, the completion of a continuation hub expansion followed by a new downward leg would be perfectly natural. So the movement over the next three days starting today must be closely watched for short-term trading.
From a medium-term perspective, there have already been three tests of the bottom. Generally speaking, even from a probability standpoint, if there's a fourth test, the probability of breaking the bottom is at least 95%. So this is essentially the bulls' last effort—let's see how it plays out.
Operationally, enter at buy points. If it can't push up, dump your shares on the bulls and let them die—that's the only correct operation right now. For those without this short-term skill, either keep working your positions daily to grind down costs through spread trading, or keep sitting on the sidelines. Choose according to your own ability.
This ID would rather have those people who'll get aesthetic fatigue hurry up and finish—just don't cause trouble, and that'll be enough to thank heaven. If you insist on making this ID speak the truth: let the grandiose end-of-era extravaganza glorifying global capitalism go to hell! The great renaissance of the Chinese nation doesn't need this disgusting decadence as its endorsement!
Heading out. Goodbye.
缠中说禅 2008/8/8 8:36:36
A couple more points: this ID has said before to keep the first page clean, so certain people shouldn't waste their time. As for those without sprinting ability—just don't buy stocks. This ID has said countless times: this year is a sprinting competition. Even this ID's holding period is just N days. Not selling at sell points—is your brain waterlogged?