Today's Market Analysis: The 3919-Point Neckline Torments You

2007/7/3 15:30:02

Came back to an avalanche of social obligations — have to go see a show tonight too, so I can only briefly comment. Today's market was all about building momentum below the 3919 neckline that this ID has repeatedly emphasized over these N days. Now, the embryonic form of a head-and-shoulders bottom on the chart has been basically constructed according to script. But if the neckline can't be broken through, it's all for nothing. Right now, sentiment is scattered — the probability of this plan succeeding is of course not as high as before. At this point, the best scenario in the script is a triangle, with this leg up being the D segment. But the certainty of this leg is lower than the previous B segment. The script can only unfold one step per day. The most critical thing below is the neckline breakout and pullback confirmation. But right now sentiment is scattered — mainly because certain people are constantly taking potshots in the dark, especially those waiting for their quotas. They definitely don't want the market to go up and are hoping for a flat-type correction, so they keep sabotaging. And those who want a triangle aren't necessarily very united. We can only take it step by step, but this ID will do the best possible — whatever level it reaches, it reaches.

Today this ID already put in more than enough effort — out of 16 stocks, 3 were up over 9%, and there were other activities that can't be publicly disclosed. Consider it a welcome gift for this ID's first day back in Beijing. But this ID never plays the liberator — only fans the flames and goes with the flow. Don't expect this ID to be the one lifting the barbell. That kind of single-minded bullish mentality is typical retail investor thinking.

Note: once the broader market doesn't cooperate, this ID will still smash prices harder than anyone, just like before. This ID is currently in the phase of maintaining zero cost while accumulating shares — what this ID loves most is smashing the market down. Of course, as long as market sentiment cooperates, this ID will continue to rotate, but absolutely will not play the liberator.

No more nonsense. Today's segments are too simple — the specifics will be given tomorrow together. Signing off first. There's a meeting at 4 PM to exchange ideas, then a show tonight. See you tomorrow morning.