A Share Trend: The Market Is Stuck In The Embarrassment Of "Going Up And Down".

In November 3rd, the central bank issued a "reassurance" in the open market, combined with the recent MLF expiration, carried out MLF operations on 21 Financial Institutions totaling 437 billion yuan, far exceeding the total MLF expired before the end of the year.

The central bank overextended MLF in advance, while making up the gap in the basic money supply, it helped stabilize the market's expectation of liquidity at the end of the year and released the policy warmth.

This is also the fourteenth MLF operation carried out by the central bank during the year, and the way to release the medium-term liquidity is known as "disguised".

Generally speaking, the central bank maintains a reasonable and abundant attitude to maintain liquidity.

Although the prudent policy stance does not support the flow of liquidity, excessive monetary market volatility will still be interfered, and the "money shortage" will be eased.

Good luck.

Today, the market remains high and volatile.

The index of early trading took on the edge of yesterday's rally. It tried to break through the top of the 3140 box, but after a few rounds, although it hit a short-term high, it was not easy to break through easily.

Therefore, the index can only passively withdraw from the short-term 5 and 10 day average support.

There was a further adjustment in the afternoon market, several of which turned green, but the support for the moving average was too long for them to give up easily.

As a result, the market which is in a dilemma can only maintain a narrow concussion.

It refers to the intensive suppression of multiple average lines, and it has not escaped from the short-term downward path.

The same is that after the receipt of Dayang, the second day appeared high volatility, and the volume was also shrinking in second days.

The difference is that although the index of 25 days has been red, it has not hit a new high.

And today

Green but hit a new high.

And the difference between them is that the index has completed a shock from the bottom of the box to the top of the box.

The result is that the vibration pattern of the whole box has not changed, and the repeated box vibration will continue in the later stage.

With this judgement, on the one hand, there must be some correction in the medium term 30 day moving average; on the other hand, the MACD's short-term deviation should also be corrected.

Now that we judge the current form of vibration as box finishing, the operation strategy should be based on this.

Between 3100 and 3140, the shock space is not big enough, but the operation is regular.

It is manifested in the bargain buying and closing operation near the 3100 points and the distribution of 3140 points on the high and low positions.

This is limited to the rhythm of the general trend.

As for the operation of individual stocks, in fact, they are very much the same. The difference is that we should combine the hype of the stocks in the whole market atmosphere and the technical characteristics of the stocks themselves.

The investment target will continue to look for the best white horse that meets the top level reform path, with high expectations and defensive characteristics.