Zhou Daqiang: Chong Gao Continues To Lighten Up The Market Bottom Has Not Appeared.

This week, the market showed a retaliatory rebound after the crash. The lowest point hit 2850 points, and then rebounded 400 points, mainly led by oversold stocks.

After Friday's closing,

An urgent announcement has been made to raise the margin of stock index futures, but careful analysis is actually a psychological effect on the market.

After all, if an institution can't hedge risks through empty bills, it can only rely on selling.

To reduce risks, the market impact will only be greater. In this sense, the SFC's policy of maintaining stability in the market has a longer way to go.

From the operational point of view, if the market continues to rush ahead next week, it is suggested that the investors can even clear their positions.

After all, it is only a rebound after the crash. The market is rising fast because it has fallen sharply in the early days. Do not let it go for two days.

It is too optimistic for the future market, and the short term is still mainly defensive, waiting for the bottom of the market to appear before entering again.

Judging from the disk, the military industry sector performs well in the current round of rebound, and there should still be opportunities for performance before the parade. But once the parade begins, I am afraid that there will be a trend of light death. Investors must be vigilant enough, so the market may still have a low point and the market must continue to look for it.

Related links:

Data statistics show that the market value of pledge equity in 2014 was around 1 trillion and 380 billion yuan, and the market value of pledge in the first 7 months of this year reached 1 trillion and 580 billion yuan.

If these funds are forced to close, then the market will be dangerous. From this perspective, the risk of a 2850 big drop again is not great.

Judging from the last three trading days, the fluctuation range of the market has been maintained at 2900 -3000 points, and has fallen several times or even close to 2900 points in the region. Then it was recovered by the rise of the weight plate, which strengthened the judgement of the market at 2900 points -3000.

Short term market trend may be repeated, but from the recent trend of funds, the probability of becoming the market near the 2850 point is increasing.

From the fight against underground banks to the "double down" of the central bank, the state has provided more liquidity to the stock market, which is also an important reason for supporting the rally in the latter half of the week.

After all, if we fall down like this at the beginning of the week, it is not only the risk of financing customers, but also the stock pledge of major shareholders of listed companies will face the risk of liquidation.

As a common and convenient means of financing for large shareholders, equity pledge is widely used under the background of hot market.

But once the stock price approaches the early warning line or even the closing line, strong and flat risks will become a threat that the market can hardly ignore now.

Of course, considering that the sentiment of investors has been overly pessimistic after a continuous decline, the latter may not rule out the possibility of breaking through the 2850 point, but if investor sentiment can be stabilized gradually, then the market will be able to build a new platform to form a concussion trend.

In specific operations, risk prevention should still be put in the first place, and investors should be advised to control their positions below half warehouse and try to sell high and low absorption bands.

In the specific operation, it is suggested that we should pay attention to the reform of state-owned enterprises, which is the main line of investment this year. Although these stocks have suffered a sharp decline in the recent market slumping, some of them will have opportunities for performance in the later stage of restructuring, so they can be actively promoted.

For the GEM stocks with no performance support and purely storytelling, they still need to avoid. Although their share prices have already been cut down, their early gains are all 10 times or even more, so they may be cut off again in the future. From this angle, we still have to avoid the gem stock, especially the stock that is huge and lacking in performance.