Short-Term Key: 2762 Points (With Poet Gallery (VII): Meng Jiao)

2008/8/6 15:38:08

The short-term market picture is already very clear. The decline from 2924 points — at least its 1st segment — ended perfectly this morning with the minor divergence segment interval nesting. The current short-term key level is 2762 points. As long as this level is not effectively held, the market will still face a 2nd-segment decline after a short-term consolidation pause. Conversely, once this level is firmly established, the rebound after the 1st segment ends will at least extend into a stroke on the daily chart — meaning it will have at least some degree of force and duration. As for whether there could be greater possibilities, that's something future chart patterns will tell you; there's no need to predict it now.

From a larger perspective, we are still within the major hub formed after July 3rd, so current fluctuations can all be seen as oscillations around this hub. Unless a 3rd-type buy/sell signal forms against this hub, such oscillation will continue indefinitely. This is the most basic common sense of this ID's theory, so I won't elaborate. As for how to trade hub oscillations, the lessons have covered it N times over, so I'll spare you the repetition.

While getting an IV, I pestered Meng Dongye a bit, and the following regulated verse came of it — appended below:

Heading off, goodbye.

Meng Jiao

Chán Zhōng Shuō Chán

A poor scholar's ambition shelters naught but the shivering bird

An unjust world, set right by brush and blade

Not Dongye's feet but Dongpo's flesh

This is Meng Jiao's wholeness — a mother's love complete

Before Hangu Pass, the moon of Qin and Han

On Nanshan's stones, heroes from dawn to dusk

For whom does the lotus die this night?

By the dewy well, wind-crows cry, dripping blood