In this uncertain market trading day, the volatility of ** is like a storm in spring, which is difficult to guard. Just when investors were still recalling Xinhua News Agency's interview with the chairman of the China Securities Regulatory Commission, and were confidently looking forward to the market to usher in a trend, they did not expect that the market chose to adjust downward in an unexpected attitude.
Past experience tells us that whenever heavyweights such as Xinhua News Agency and the chairman of the China Securities Regulatory Commission make a move, the market can often gain an exciting force. However, the market did not unfold a feast as expected. It may not be wise to bet on good news for management. After all, the favorable policy is not an absolute factor that determines the market trend, and the operating logic of the market itself is the real weather vane.
Dissecting market trends can be challenging, and often only after the fact do we realize it. This is also the charm of **, full of unknowns and challenges.
What is striking is that the Shanghai Composite 50 Index fell below last year's low today, becoming the fourth "victim" after the ChiNext Index, the Shenzhen Component Index and the CSI 300. Whether the Shanghai Composite Index can fall below last year's low of 2863 has become a major attraction this month.
The breakdown of other indices was mainly due to the continued performance of heavyweights such as CATL, Ping An of China and China Merchants Bank. These ** are nearing the end of both the wave pattern and the decline.
Comparatively speaking, the ** sector has shown a relatively strong trend and has become the best reference for the *** index. The possibility of CITIC ** ending the adjustment near the annual line is extremely high, and once the adjustment ends, Ping An of China, China Merchants Bank, etc. will also usher in a stop falling. Therefore, it is unlikely that the Shanghai Composite Index will break below the October low of 2923.
My prediction of this is very clear: the probability of the Shanghai Composite Index falling below last year's low of 2863 is slim, and even the probability of a fall below 2923 is very low. Once the SSE 50 stabilizes, it means that several heavyweight stocks such as CATL, Ping An of China, and China Merchants Bank will stabilize, coupled with the end of the adjustment of the ** sector, the ** index will usher in an astonishing wave of rapid **. The rapid ** during the period from New Year's Day to the Spring Festival can be seen as a medium-sized C wave, fast and violent, which caught the vast majority of unprepared investors off guard. I hope that investors reading this article will be mindful of this possibility, and once the market changes accordingly, you will experience a joy that ordinary people can't achieve! ##