Hotspots Spreading Amid Volatility

2007/8/10 15:56:27

Yesterday, this ID already gave the fourth wave of participants a task: hold the line. It can be said that under such hostile external conditions, they did manage to hold. Of course, from this ID's less-than-charitable perspective, their posture wasn't elegant enough. News over the weekend will determine this group's short-term fate.

Technically, the third type of buy point on the 5-minute chart was not generated today, so we can only categorize this as hub oscillation. Whether this buy point can be generated next Monday will determine the short-term market's upward momentum and intensity. Of course, for the lazy ones or those who can't understand, just keep following the 5-day moving average — that's truly the lazy person's lazy trick.

On individual stocks, as this ID said yesterday while answering questions, the hotspot is currently spreading from the top 50 large-caps to the CSI 300 constituents. If this spreading succeeds, market enthusiasm will further increase. Today, signs of this have already begun. More importantly, ST stocks saw broad-based activation today, indicating that short-term speculative capital is starting to stir. Therefore, whether next week's hotspot spreading succeeds is the key to determining how long this rally lasts.

On individual stocks, the "China-prefix" stocks continue to be this ID's main force. For those China-prefix stocks that haven't moved yet, the sedan carriers should all learn from 777. This ID's scolding yesterday had some effect — look at Chalco and Air China today. But Air China is truly disgusting, running behind China Southern Airlines. That General Manager Li's military style has really gone to his head. Forget it, it's the weekend after all, no point in scolding people. Other stocks will gradually catch up once the market heats up.

Once the weekend arrives, this ID gets nauseated thinking about stocks. Go enjoy yourselves, everyone.