The 5-Day Moving Average Continues to Dominate Short-Term Markets

2008/9/11 16:14:14

Finally back in Guangzhou. Arrived at 5:30 AM. As soon as I got to the serviced apartment, I learned the good news about the England team — my mood was great all day.

The stock market still can't escape the 5-day moving average — this was specially emphasized yesterday at noon. Yesterday's midday emphasis was that under the worst-case scenario, the minimum basic gain had already been achieved, and the market mercilessly chose the worst-case scenario. This is what theory permits and what emotions must accept.

Any scenario permitted by theory must be faced and accepted at all times — this is the most fundamental principle. Going forward, since a larger hub has been formed after the rebound and the decline continues, the next buy point should be assessed from this new level. Everyone can count for themselves how many hubs have already formed at this level, and what to do next becomes self-evident.

The same old saying: free of desire, free of demand — just follow the chart.

Alright, this ID needs to find the recording or replay. Last time I watched Germany's 5-1 match live, but this time I just missed it — must make up for it.

Heading off now. Goodbye.