A Quick Market Analysis Before Leaving
2007/6/27 15:29:56
The market broke through 3982 right at the open today, which laid the foundation for the entire day's strength. The subsequent shakeout was merely a pullback wash after breaking 4000, letting the uncommitted get off the train one last time before launching a relentless advance. The 1:40 PM pullback landed precisely at 4025 — the level emphasized these past few days — the signal couldn't be more obvious. Tomorrow, watch below to see if 4025 can continue to hold, and watch above to see if 4131 — highlighted last week and which met resistance right on Monday — continues to act as resistance. Thursday tends to be a volatile day, and fear of the weekend effect makes tomorrow's choppy trading inevitable. From the perspective of the new 5-minute hub, subsequent price action before the third-type buy point of that hub appears can all be tentatively classified as hub oscillation. For those who can't read charts, just watch 4131 — before that level is effectively broken through, the key is holding the 5-day moving average. This is the crucial factor for the market over the next three days — the 5-day MA must hold, otherwise there will be more significant volatility.
Mid-term: there are only two days left for the bulls to repair the quarterly candlestick, and these two days are critical. As this ID said last week, the most ideal outcome would be to close above the 4144 half-line. Two days — anything can happen — just do your best.
Individual stocks: this ID must lodge a protest. Those dozen-plus stocks — when this ID doesn't watch the market, they all degenerate en masse, but the moment this ID watches, they get excited. That's really not playing fair. The other people involved need to do their share of the work too — don't all be so lazy and gluttonous, or your bodies will get fat. After a year or a year and a half, you'll be keeping company with Pigsy. This ID doesn't know how to do anything except smash when it's time to smash and buy when it's time to buy. Right now, these stocks are all in the phase of maintaining zero-cost while accumulating more shares — this game is quite fun. Once you learn it, you'll get addicted. This ID just loves to extract blood on the way up and down — is there perhaps some residual cruelty in this ID's genes? Everyone, when you can all be cruel together — that's when you're trading stocks rather than having stocks trade you.
The car is here, have to leave immediately. Signing off first, goodbye.