Can The A Share Market Start Again And Embark On A New Journey?

As we all know, since the big bear market in 2008, the 3000 point of the Shanghai composite index is very important to China's stock market. Most people regard the 3000 point as the dividing point of ox bear.

Since mid December last year,

Basically, it runs at more than 3000 o'clock.

As long as 3000 points are not lost, even if the lever cattle are over, the bull market will become a new start as a bull market.

Generally speaking, the stock market can be interpreted from many aspects, such as fundamentals, policy, capital and technology.

However, at present, a very important psychological aspect should be added, that is, relative factors such as fundamentals and policies.

We must see that after the big bear market in 2007, the competition for 3000 points is often fierce.

When A shares broke through the 3000 integer mark in December 8, 2014, most of them also appeared.

The expected large concussion, the next day, even a sharp drop of 5.43%.

However, the mid-term adjustment of the current round is unprecedented, but only two times below 3000 points, and the time is very short.

The first time in August 25th this year, the Shanghai Composite Index fell below the 3000 point mark for the first time. In August, it hit a low of 2850 points on the 26 day. In August 27th, the market took the Jedi counterattack, the lowest point to 2906.49 points, and reported 3083.59 points, up 5.34%, setting the largest single day increase in 5 years.

The second time is that the first two trading days of this week experienced a major shock adjustment. In September 15th, the intraday trading fell below 3000 points, reaching 2983.54 points at the lowest level, but closed at 3005.17 at the end of the day. And second days later, the Jedi counterattack increased 4.89%, which was the second largest increase in second years after August 27th.

From this data analysis, the real close down 3000 points, there are only two trading days.

What is noteworthy is that the two cities slumped on Monday. A shares have fallen 16 thousand shares in 3 months.

And when the market is again pouring into the rain,

Emergency clarification is not the same as clearing accounts, which conveys the important signal of cleaning up the allocation of capital and not "one size fits all". Under the delaying of capital allocation, management stability has blocked the new storm point in the market.

What is more worth pointing out is that when the last A shares broke 3000 points, the central bank released water and lowered interest rates. When the 3000 point approached, the Ministry of Finance stated that China will continue to implement the proactive fiscal policy. The annual growth rate of central fiscal expenditure is expected to be around 10%, which is higher than that of the beginning of the year when the budget revenue has reached 7%.

This is no accident. Instead, it sends a clear signal: A shares can not be returned to the "2 era".

From the perspective of the history of A shares, whether the A shares resume the initial public offering (IPO) and refinancing function, or the introduction of margin trading, stock index futures, Shanghai and Hong Kong Tong, all take 3000 points as the axis.

To be sure, A shares will not be able to restart IPO and launch registration system under 3000 o'clock in the future.

The 3000 point is the logical starting point for A shares in the future.