After The Shock, The Market Is Expected To Stabilize.

Despite the central bank's interest rate cut again, IPO's pressure on the two tier market and the end of the season are approaching, which has suppressed market confidence. At the same time, the big diving on gem on Friday hit the market sentiment even more. In the end, the whole market fell 2.09% below the whole week, and the gem rose 1.21% throughout the week.

Judging from this week's surface, the quantity can be released faster, the activity of stocks has gradually weakened, the degree of differentiation has gradually improved, and the market hot spots have changed rapidly, and gradually dispersed. Profit funds pull up the shipment, the bottom of the funds to suppress smoking, Friday Differentiation of stocks More obvious, more than 5% stocks rose nearly 100, or more than 5% stocks, up to 170, and the long lost phenomenon of re emergence was repeated again, announces the arrival of structural risk release.

　　從技術上看，本周大盤高開低走，盤中震蕩幅度逐步減弱，呈價跌量增態勢，10周均線再度失守，但5周均線對大盤形成支撐，且5周均線有向上跡象，這對大盤穩定運行較為有利，僅是周MACD技術指標形成死叉，則又將抑制大盤向上空間;日線技術指標顯示，周五大盤量能萎縮較快，呈價跌量縮態勢，10日均線對大盤形成反壓，30日均線對大盤形成支撐，大盤盤中未創前一交易日新低，大盤指數殺跌動力減弱，但K線組合顯示，短線大盤還將在18日均線上方反復，上下空間皆較為有限;分時圖技術指標顯示，部分分時圖技術指標的底背離跡象，預示短線大盤盤中還有反復，大盤上下空間皆兩難。

Friday Gem It is inevitable to form a bareheaded, light foot and Long Yin line, and the trend of compensation gap is only inevitable. Only the short term trend will determine the change of the medium-term trend. If the gap is low and the gap is formed, there will be a "island reversal" prototype. The medium term trend of the gem is in the adjustment trend, otherwise it will still be built at the top of the concussion. How to evolve, next week will give the answer.

The money making effect of the market has gradually weakened, and the effect of losing money has been gradually improved. On the one hand, the gem with a high valuation and a record of history is on the other hand, it is a blue chip with a low valuation, but the liquidity is tight. Blue chip market is difficult to start, the market resistance finishing, growth stocks are high and no one dare to chase, the organization itself from singing hard to maintain. The only way for profit taking is to get rid of the non systematic structural risk of stocks and become the last straw to overtake the market. These are the root causes of this week's big market decline.

The author believes that although the release of short-term non systemic risk is suppressed. Market As for the uplink space, but because the large blue chips have been adjusted a lot before, the space for further adjustment is limited, and the investment in the theme of the reform is in full swing. Therefore, for a period of time, due to the smaller systemic risk, the market will continue to be resistant to sorting, and the operation mode of interval oscillation is still the same. However, the release of non systemic risk will increase the difficulty of stock selection, and how to choose stocks will become the main problem facing the recent operation.

Whether it is a comprehensive technical analysis, or market analysis, we believe that the short and large market space dilemma, the interval will be the main trend of the recent market trend. On the operation, we should weaken the index and emphasize the stock market. What is the basis of the market and what the real draught is? On the operation, we should pay close attention to the reform of state-owned enterprises, the belt and road, price reform, financial reform, land transfer and long-term bottoming stocks. We should avoid the recent continuous increase or excessive share, and gradually reduce the market share of false growth stocks and delisting risk stocks for the release of performance.