Sometimes, Being a Good Boy Isn't Something to Be Ashamed Of.

2007/8/29 15:54:01

Yesterday I said that if America's mess could produce another wave, it might be a good option for resolving the deadlock. Yesterday's big drop in America came at a most timely moment. This ID has said: any activity related to the 2/3 line, this ID is happy to see.

Sometimes, being a good boy isn't something to be ashamed of. Today, those "Nifty 50" collectively drooped—this is a good sign. When it's time to rest, you should rest. Running around nonstop—careful of dying from exhaustion.

Other individual stocks, riding the Nifty 50's rest to surge wildly—this is also perfectly natural.

Technically, a new 5-minute hub starting from point 62 has basically taken shape. Therefore, the subsequent movement of this hub will determine the development of the short-term trend.

To be honest, aside from a rapid breakout above the 3/4 line to directly charge toward 6,000 points forming a bull trap—a type of movement this ID cannot accept—any other movement, this ID can accept.

Honestly, the rally of these past two years hasn't been explosive at all. Compared to 1996, it's simply incomparable. Back then, in just a year and a half, it charged from 1,000 points to 6,000 points—that time it was the Shenzhen Component Index performing. This time, after more than two years we're only at this level—slower than a turtle. But now the market is bigger, with greater influence and more busybodies watching, so this is the way it has to be.

6,000 points will come, 10,000 points will come, 30,000 points will come too, but not all in one day. Haste makes waste. Sometimes acting like a good boy, looking well-behaved—what's the big deal? Why must you provoke unnecessary trouble?

I can say quite clearly: if not for certain efforts, yesterday would have already been a bloodbath. Some things don't need to be said—just know that everything is the result of combined forces. But sometimes, when things go too far, there's only confrontation. Backing yourself into a corner—why bother?

But the current market has an increasingly complex composition. This ID believes more firmly in one thing: in a market, any good intentions will ultimately be trampled upon. In reality, death sentences with reprieve always get commuted to fixed terms. In the market, a death sentence with reprieve often turns a hanging into death by a thousand cuts. Human greed always carries the ultimate gene for madness.

A final aside: I've noticed many people still haven't figured out the second type of line segment situation. For example, the 62-63 in the chart below is a typical case of the second type. Please study it carefully.

I've been spending entire afternoons and evenings at those high-tech parks in Beijing lately, looking at projects and discussing projects. A bit busy—can't chat with everyone.

Signing off, goodbye.