Prediction of the Market Trend and Coping Strategies on April 24, 2009

by wenge11 on 2009-04-24 10:02:06

The first support level of today's market is at 2420 points, the second support level is at 2375 points; the first pressure level is at 2505 points, the second pressure level is at 2540 points.

Today's Trend: There is a high possibility for the market to open flat or slightly higher. The market is expected to close in red on Friday.

Today's Operation Strategy: Judging from yesterday's trading, non-ferrous metals, new energy, and coal-petroleum comprehensively rebounded in the afternoon session. Today's operations should focus on two aspects: First, closely monitor the trend of these three major sectors to see if they can reverse the situation and lead the market upwards. Second, pay attention to the chemical, electric power, and steel sectors which have strong requirements for catch-up increases, observing if they can become new leading sectors. Operation-wise, one can gradually build up positions above the annual line while avoiding buying at highs.