So What If the Opening Isn't Red?

2008/2/13 15:15:42

A big red-envelope market opening — this ID gave you plenty. The two launches of 580989 both came with ample notice. The first time, after the tip you could buy freely below 0.42. This time, even if you didn't understand before the holiday, today you could buy freely below 0.5, and there were two chances. Done properly, that's an easy 50% profit in one day.

So, this ID absolutely owes no one any red envelopes.

As for the broader market not opening red, this ID couldn't care less. The specifics were already made crystal clear in the last post before the holiday.

The mid-term hub of 580989—this ID already stated clearly during the first launch—is around 0.6. Look back now: isn't this trend a perfect textbook example? Please go re-read this ID's last post before the holiday carefully, and look at the methods for hedging and risk balancing. Let those who predicted three consecutive up days go eat the northwest wind. The two 580989 gift packages were enough profit for 30 consecutive daily limits.

Strong warning: this ID must declare once again—ordinary people absolutely must not buy 580989. Think about it: with 600737 mentioned at 8 yuan, there are still people who lost money getting out. 580989 would be your grave. Without the skill and temperament, just continue watching it as a textbook demonstration.

Let's talk about this boring broader market then.

Only the simple-minded love a red opening. Knowing that after the red opening in 1993, the Shenzhen Composite dropped from 368 points to 94 points — in less than a year and a half — puts things in perspective. Not opening red is really nothing. At least it proves that enough capital in the market doesn't think this year requires luring people in to take over positions right at the Spring Festival opening. At least enough capital still has further plans ahead.

Technically, this ID has been ultra-clear: it's the extension of that last hub. The only criterion for when this oscillation ends is the appearance of a third-type buy/sell point. Everything else is nonsense.

On individual stocks, if PetroChina can't hold firm, the index has absolutely no chance of holding. That 10-billion-share beast has traded 400 million in these two days. Of course, there's still a lot of froth in there, but the gap PetroChina left today should be filled quite soon. The issue remains the hub around 24 yuan and how it ultimately breaks through — this is closely related to the broader market hub's breakthrough.

Honestly, today's trading volume shows that the Spring Festival holiday was indeed too short — it should at least go to the 15th. Did everyone see that skit mocking stock investors during the Spring Festival Gala? With such phenomena, tell me — can the stock market be any good?

Mid-term, just see if the March sessions can produce something. There will be bread, but you'll have to grab it yourself.

Signing off, goodbye.