Interpretation Of The Stock Market: The Market Is Still Not Optimistic After The Fall.

After two consecutive trading days, the Shanghai and Shenzhen two cities began to oscillate in the market on Wednesday, and two industrial sectors and stocks fell more or less.

At the close, the Shanghai stock index fell 1.03% to 2976 points, 3000 points were lost and the Shenzhen index and the gem index fell by 1.28% and 1.65% respectively.

Wednesday's fall came after the stock index's short-term index overbought, that is to say, the first wave of rebound has ended.

If the market is benign, then after the first wave of the rally is over, short term investors will be able to enter the stock market as long as the index's short term index has dropped too much and the stock index has not hit a new low.

However, due to the first wave of rebound volume has not been significantly enlarged, so even if the subsequent short line to reproduce the second wave of rebound, it is likely to no longer create a new high.

This means that the rebound of stock index after the low point of last August has been completely ended.

For a robust investor, whether or not the subsequent rebound will continue, we should continue to take wait-and-see attention for the time being.

Because no matter Monday or Tuesday's rebound, or Wednesday's fall, the market turnover is still in the doldrums.

Rebounding does not mean that there is no new capital admission, and a drop in volume does not mean that investors will have less willingness to take over. This is enough to show that the consensus of investors is still pessimistic.

As far as technology is concerned, after the Shanghai stock index fell below its lows in August last year, a few positive factors began to emerge.

However, due to the deep meaning index and

None of them has reached a new low. At the same time, the market turnover is still low after the Shanghai stock index has fallen.

The follow-up need to pay attention is still the volume of changes, as long as the market does not appear at a stage of volume, investors should not stick to it, continue to wait for short positions.

In fact, as the pre market decline is too large, there is still a rebound demand in the short-term market.

Today, there is a slight shock in the market, which is implicated in external factors.

As early as today, Asia Pacific

The whole sector plunged, Hong Kong stocks plunged nearly 4% all day, and fell below 19000 points. At the same time, the Hong Kong dollar fell sharply against the US dollar, a new low since 2007, which is closer to the weak exchange rate guarantee level of the 7.75-7.85 Hong Kong dollar range and is now 7.8186.

Japan and South Korea both fell by more than 2%. Under such circumstances, A shares are hard to get away with. It can be said that they are forced to be involved. Once the peripheral market has eased slightly, A shares are expected to usher in the market again.

In addition, there has been a significant easing of recent market funds, such as yesterday.

After a year, it restarted 28 days of reverse repurchase, with a scale of 75 billion yuan. At the same time, it carried out a 7 day reverse repurchase operation of 80 billion yuan, plus 410 billion MLF, 80 billion yuan of treasury cash settled, and a single day release of liquidity exceeding 600 billion yuan.

It helps the market maintain good liquidity and is favorable for the rebound of the market.

Despite yesterday's announcement of the IPO's approval by 7 companies, the market once again worried the market.

However, in the eyes of many people in the industry, the impact of the first batch of new shares on the market in 2016 will be quite different from the past.

Because the new rules do not freeze funds, and continue to enforce the rules of market capitalization, in the short term, it is not necessarily bad.

Judging from the relative resistance of the market today, the impact of the purchase of new shares is obviously weakening.