Short term pullback after breakthrough is repeated (reviewed on the 31st day)
Today, the market opened 3 points lower, and the index fluctuated and declined. The highest touch was 3277 points, the lowest touch was 3252 points, and it closed at 3255. It fell 13 points, or 0.42%. Today, transactions shrank, and individual stocks rose more or fell less.
Today, the market fluctuated downward, and super funds and total funds flowed out in large quantities.
On the technical plane, the red column of the daily line MACD shrinks, the opening of the KDJ enlarges after the dead fork, and the opening of the RSI shrinks. The perimeter MACD is magnified in red columnar form, and the opening of KDJ and RSI is shrunk. The weekly line is closed to a small negative line, and the index stands below the 60 week moving average. After the market breakthrough, the annual line will be drawn back, and there may be repeated shocks in the short term.
The review on Monday pointed out that "the high opening and low moving of the market is also the result of the need to pull back and sort out after its continuous upward breakthrough, but the volume of transactions is large, and the number of stocks rising is much more than the number of stocks falling, especially in Shenzhen, where there are only more than 400 stocks falling. The short-term market may have repeated, or even a small callback, and the rise may accelerate after repeated shocks.".
Today, after the opening of the market, there was a wave of upward attack, but it quickly rose and fell back. After the opening of the afternoon, it fell to the lowest point, and it was basically a narrow range consolidation trend. In the end, the market closed down 13 points. Today's transaction shrank, and funds continued to flow out in large quantities.
After the market broke through the annual line, the shock rose by nearly 100 points. Yesterday, it opened significantly higher and then fell back. Today, it continues to decline slightly, so that the pullback after breaking through the annual line is also normal. There may be repeated shocks in the short term, and the shock time should not be too long.
Operating tips
In terms of operation, the company mainly holds shares and properly controls its position. Those who hold light positions can increase their positions at bargain hunting during repeated shocks. I always believe that position control cannot be absolute, and it is irrational to have a full short position. No matter the rise or fall, it is not hard. The position you can easily deal with is your most reasonable position. Of course, except for those who are also suffering from ups and downs, such people should not come to the stock market.
The weekly review is exclusively released on the public account. If you need it, please follow my "Shoushan Kanpan" public account.
Solemnly declare that:
I only write some personal views on the market, and will not have so-called cooperation in operation with any institution or individual, nor will I take the initiative to contact strangers to discuss stock related matters. Anyone who takes the initiative to contact you in my name to talk about stocks is fake, so don't be fooled.
Reproducing this blog article must be approved by me and signed with my name, otherwise it is an infringement. Once found, I will expose your behavior in the log and investigate its legal responsibility.
