Tree branch: The pattern of the stock market's volatile upward trend has not changed.

by bdy145 on 2009-07-17 21:34:55

The pattern of oscillating upward has not changed.

Next week, China State Construction Engineering Corporation will be available for online subscription, which will cause a certain amount of分流 (diversion) of funds within the market. It will also test the market's psychological tolerance for large-cap blue-chip IPOs. Therefore, in actual operations, a certain degree of caution should still be maintained, and position size should be well controlled. Today, the number of individual stocks rising during the session still constituted the majority, and the number of stocks hitting the daily limit-up was also quite significant, with no stocks hitting the daily limit-down. This indicates that the current market is operating healthily, and the sustained strength of resource-related sectors also shows that market hotspots are continuing. In the short term, both markets have recently hit record-high trading volumes multiple times. After such high volumes, market consolidation through oscillation is inevitable, but the possibility of a sharp decline in the index is small. After adjustments, there will still be an attempt to close the "100-point gap." Overall, the current pattern of oscillating upward has not changed.

Position Size: 1/10

Monday Resistance: 3221, 3250; Support: 6-day moving average, 3145

Note: The above content is merely personal opinion and does not constitute operational advice.