Today, the market opened lower again, in addition to the Shanghai Composite Index, the Shenzhen Component Index and the ChiNext Board have all hit new lows, and the Shanghai Composite Index barely maintained its previous 2923 points, but I tell you that it doesn't make any sense. In this market, it's important to remember that there's no point in simply maintaining a point.
As the saying goes, "if you don't break, you can't stand". You're going to break it and get the Panic Disc out. So, is there a panic disk today?In fact, there are a lot of panic plates, and the two cities have close to 30, indicating that a lot of ** and travel capital have been unable to hold back. So is it a sign that the market will bottom?My personal opinion is that the market bottoming out this week is a high probability event, although the market is chattering down at the moment, but people with a discerning eye know that from November 15 to now, it has fallen for a whole month, and the index is basically not looking back**.
Has there been a major change in the macroeconomy?In good conscience, our economy has slowed down, but it is still good compared to the world's major economies, so we should say that we are panicking too much at the moment. At the moment, the surrounding markets have hit record highs, and I think this is a time to be calm and see opportunities in times of despair. So where are the opportunities?
One thing I'm here to tell you is that it's important to focus on the data elements. On the news side, the National Data Bureau solicited opinions from the public on the "Data Element X" Three-Year Action Plan (2024-2026) (Draft for Comments). However, the data elements are still falling, which just brings a good opportunity for high-quality stocks with data elements. From the plan, we can see that there is an annual growth rate of 30%, which shows that the data elements have a real performance that can be supported in the future. This adjustment is the best time for investors to spend less money to buy better quality**.
When the market is continuous, it has been falling for a month. At this time, no matter how blind and panic everyone is, I don't think it's necessary, after all, the market has been falling for two whole years. In terms of indexes, the ChiNext has fallen by nearly 50%,* which is halved and halved. From the perspective of valuation, economic development, and recent high-level meetings, including the CSRC's positive announcement over the weekend, companies are firmly required to pay dividends, which are all factors to maintain the long-term success of the market. In the short term, it is influenced by emotions, but from a medium to long-term perspective, the sectors that have been seriously wrongly killed or seriously undervalued will surely usher in retaliation. My personal opinion: it's time to take a break and look at quality stocks that have certain future growth and a clear improvement in performance. Sort out these ** and wait until the market stabilizes, which is the best opportunity for us to intervene on dips.
At the time when the market has repeatedly bottomed out, "if it is not broken, it will not stand", and the 2923 in the early stage must be broken, so what if it is broken?Judging from historical data, every time the market is below 3000 points, it is only about a month or two, that is to say, at 2900, or even when it breaks 2900, the panic market flees at that time, and the probability of bottoming out increases significantly. In the short term, my advice is that once a long lower shadow appears this week, it is the best time to intervene in the general direction of the data elements.