Since last week, the Shanghai Composite Index symbolically stood at 3,000 points all the way**, after a continuous small black line, there was a 30-point ** today, and the index also reached 2,902 points, breaking 2,900 points is certain. The sluggish trend has made investors pessimistic.
* The continued downward trend is indeed uncomfortable, especially for the younger generation who have not seen the wind and waves. An important reason for the lack of confidence of shareholders is the exaggerated and erroneous remarks of all kinds of people on the Internet, which bring serious negative emotions to shareholders.
Actually, the ** of the last month is nothing, just the nature of the bottom**. Over the years, the ** and 1,000-share drop limit of more than 300 points in a single day have been seen many times.
In late October this year, the Shanghai Composite Index was already at the bottom, and since then, it has only been a process of bottom formation. This is evidenced by the strength of mainline tech stocks since late October.
On August 2 this year, I wrote in a short article "The index needs to be close to another year": from the fourth quarter of this year to the beginning of next year, it will test below 3,000 points again, and the bottom is roughly in the area of 2,800-2,900 points.
October 19 and 20 also successively**: the final bottom is about the bottom of the policy, that is, the low of 3144 points in June-July, and then 2-300 points down, and the ultimate low will fall below 2900 points, but it will not deviate too far from 2850 points.
On October 23, I published an article "The Historic Bottom Is Near", saying that the final bottom of the market will be below 2900 points, and the adjustment limit is that the Shanghai Composite Index falls below 2850 points, which is the best buying point at this time, and 2800 points can be clearly said to be not effectively broken. Market bottoms will always be higher than widely expected.
Now I still have the same opinion, the adjustment target is below 2900 points, the limit is around 2850 points, and it will not fall below 2800 points. The Shanghai Composite Index at 2,863 at the end of April 2022, 2,885 at the end of October 2022 and the upcoming lows are all in the bottom zone.
If it happens again tomorrow, a quick kill will be a clear bottom. This week's lows are the final all-time bottom. It is also the starting point of a two-year bull market**.
To have confidence in 2024, the strength will exceed the expectations of most people in the market. No, how sluggish it was before, how strong it will be next year. The market is a fluctuating cycle, and you can succeed if you get the rhythm right.
I have been full of technology stocks since October 23, and I have not reduced my position so far, but in early December, I switched between high and low in some ** technology stocks, and sold the large increase in the past month and a half, and replaced it with a safe ** at the bottom. I don't plan to reduce my position yet, maybe in two years.
This is so because I firmly believe that this position is a historic bottom, with minimal risk and great opportunity.
I resumed writing ** articles from around October 20th, which is the bottom area, ** and the bottom will not deviate far from my judgment in the end.
Liquor, new energy and other long-term adjustments have shown signs of stabilization, today is mainly the early stage of strong stocks, technology stocks and various concept stocks to make up for the fall, but also the final stage of the adjustment.
The other sectors have been adjusted in place, and after the completion of the short-term decline of strong stocks, the reversal will be officially launched.
* Stocks and technology stocks have little room to go down, and they are still in the nature of a strong correction. And they will still be the main line of the market in the next two years, especially after the correction of technology stocks, which is a good buying point.
Again, never chase high, let alone buy any ** that was heavily hyped not long ago.
I am optimistic about technology stocks with artificial intelligence as the core in the long term, but I will not consider ** that has risen several times in the first half of the year and is still several times higher than the bottom.
The artificial intelligence that has been hyped in the first half of the year is only worth paying attention to by authentic industry leaders, and those who are overhyped, such as optical modules, should be cautious when participating, although they may still have the best opportunities. However, my iron rule is to never buy everything that is high and fried**. I only buy the bottom**, which is less than 30% from the lowest price.
Chasing the rise and killing the fall, paying attention to popular stocks, especially paying attention to them after rising several times, is the main reason for the loss of ordinary shareholders. In fact, if you pay attention to the high-quality ** that has not been hyped at the bottom for a certain period of time, it will rarely be **strong**. Everybody knows that a good **can still be a good **?
The reason why this is emphasized again is because there is a high probability that the day after tomorrow will be the bottom, and it is time to find high-quality **.
How to choose stocks, first of all, we must exclude all the sectors and ** touted on the **, be sure to stay away, the more experts say that the more the sector will not be an opportunity.
My view is that small and mid-cap stocks, especially small and mid-cap technology stocks with artificial intelligence as the core, are the real and only main line of the market, and the other sectors are only large-level ** or phased main lines.
Judging from the actual trend in the past two months, technology stocks have clearly stepped out of the bull market trend;The adjustment in the past two months is mainly the structural adjustment of liquor, new energy, white horse stocks and financial stocks that have been overhyped in the past few years. If you hold technology stocks, not only will you not lose money until now, but you will also make dozens of profits.
Although the STAR 50 Index has hit a new low, the space for continued growth is also limitedThe STAR 100 index will not fall below 976 points in late October, and it is most likely that the correction will end above this level to form a double bottom.
In addition to the BSE 50, the STAR 100 Index is the strongest among the major indexes, and the market outlook will be the same for a long time.
The day after tomorrow is extremely critical, and I would like to remind all friends not to sell it on the floor.
Recently, I don't stare at **, I just want to stay away from the market in a specific period. From tomorrow onwards, I will be following around the clock**. Because this is the most critical moment, not only will the bottom be seen, but the main line of the market will also surface.