The 1-Minute Hub Is Forming as Expected

2007/10/31 15:13:50

I have to rush to catch a flight, so I can only say a few quick words.

As I said yesterday, the key is the position of the new 1-minute hub. Today, this hub still hasn't formed. Of course, as long as there's some pullback tomorrow, the hub will be formed. Once the hub is formed, what follows is the question of third-type buy/sell points — an ultra-simple question that needs no further elaboration.

Today's capital inflow resulting in a 9-to-1 advance phenomenon shows that capital is entering with merely a rebound-trading mindset. With PetroChina coming out and index heavyweights still needing to perform, taking a rest isn't necessarily a bad thing.

Today, the Hong Kong Stock Exchange issued a rare risk warning. There's an even more important question here: if Hong Kong is a showcase, then are they hoping that mainland retail investors will go over to foot the bill for Hong Kong at 40,000? When energy is exhausted, nobody can lift the barbell — the regulators really need to think carefully about this.

Market participants can continue to go crazy, but the regulators cannot. Now is the time to test the regulators' wisdom. Using the launch of futures as a pretext, if the mainland and Hong Kong go on one final frenzy together and then it's a complete mess, tell me — who can bear that responsibility if such a situation arises?

Now the time has come to change the blade. This ID is playing along with the market in this final game while waiting for the moment to switch blades.

Although this ID clearly announced this rebound below 5555 last week, I still used green text, just hoping that you all maintain maximum clarity of mind during the rebound. As for short-to-medium-term analysis, yesterday's commentary was already very clear, so I won't repeat it.

Signing off for now. If I have time tonight, I'll write a post. Goodbye.