The Decline Of B-Share Triggered The Domino Effect, And The Uncertainty Factors Are Increasing

The Shanghai and Shenzhen stock indexes opened slightly higher on Thursday, and then gradually rose in shock, showing a good trend. In the afternoon, under the influence of the big plunge of the B-share index, the Shanghai index was dragged down, and the trend of the big plunge also appeared. Fortunately, the market stabilized later, and the Shanghai index gradually rose in shock, successfully turning red and closing. At the end of the afternoon, the Shanghai Composite Index rose 0.1% to close at 3248 points; The Shenzhen Composite Index rose 0.28% to close at 10583; GEM fell 0.01% to close at 1948. On the panel, Xinjiang, Tibet, electronics manufacturing and other sectors were among the top gainers; Liquor, Shanghai Free Trade Zone, two barrels of oil reform and other sectors led the decline. The net inflow of Shanghai Stock Connect was 833 million yuan, Shenzhen Stock Connect The net inflow was 972 million yuan.

Panoramic analysis: The market's adjustment diving accident this afternoon triggered a domino effect, driving the market's collective sell-off, but there was no reason why the market resumed its upward trend and returned to the opening position after being driven by the banking sector. Fortunately, the final closing was still above the 30 day moving average, and the 30 day moving average did not break after many tests, indicating the importance of this support position. 3230 is the resonance point of the 30 day moving average and the 5-week moving average. It cannot be effectively broken here. The limit position is at 3215 o'clock, and breaking the position means effectively breaking the support of the 30 day line. Will open up the downward space.

It should be noted that the GEM is currently short listed, and the short term is also suppressed in the left platform for shock. The 1930 point support cannot be broken. After the break, it will fall into the lower box for sorting. The small and medium-sized board has also reached the pressure position on the top of the big negative line on December 12 in the early stage. It is expected that on the last trading day of Friday, for fear of uncertain news on the weekend, it may be an hourly withdrawal in the morning, and there will be a fluctuating structure in the afternoon. Maybe next week Variable disc 。

If the breakthrough is above 3301, it depends on whether the trading volume can cooperate with the amplification. If the volume is large, it can also hit the new high of 3350 points. If the volume is not large, it will turn back to form the structure of luring many and then fall back. The time window is after April 6, pay more attention to the change of trading volume. At present, uncertainties are increasing, and the position is controlled in the half position. You should be ready to break out at any time.

As of March 23, 2017, there were 1734 shares on the main board of Hong Kong shares. A total of 958 Hong Kong shares were less than HK $2, of which 633 were less than HK $1! We can imagine that if mainland shareholders are allowed to enter without restrictions Hong Kong shares Then, it can be predicted that within three months, we will be able to eliminate 633 shares with a share price of less than HK $1 at one go. Do you believe it? try? Because: in the A-share market, our shareholders will never allow the stock price to fall below 2 yuan, otherwise, they will be desperate to fight for it, and there will be a "leather bag company" who will lead the shareholders to scramble for and scramble for shells. Otherwise, a whole "shell buying and listing" will come! This is no dignity of junk stocks: investors will never allow them to delist easily!

In fact, stocks are too expensive, and most of them are artificially inflated, which is closely related to the high turnover rate. One proof of the abnormally high turnover rate of A-shares: in May 2015, when the last round of mad bulls ended, the statistics released by the World Federation of Exchanges showed that the total market value of the U.S. stock market was as high as 27 trillion dollars, nearly three times the total market value of China's A-shares! However, the turnover of Chinese A-shares in the current month was as high as $5 trillion, while the turnover of the U.S. stock market in the current month was only $2.1 trillion. Obviously, the characteristics of China Mad Bull at that time, such as high leverage, high turnover and high speculation, were exposed, and the margin trading business of borrowing money to speculate in stocks played an important role.

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