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9.23 Comments | Waiting patiently for the window period Today's market is not optimistic, several major indexes all hit new lows, and the ratio of individual stocks to decline is 1:9. We have already emphasized to you before that after the rebound caused by the divergence of the bottom in the short-term small cycle is over, the market will continue to fall. There is obviously panic selling in the market today. The friends who listened to our words and chose to wait for short positions have undoubtedly avoided the immediate risk. At present, the market still has no bottom signal, and the expectation behind it can only be to constantly see new lows. The philosophy we have been advocating with everyone is to follow the trend. The best strategy for a gentleman in the descending channel is to watch more and move less, and wait patiently for the bottom to appear. During the session, we can see that financial stocks led by insurance have risen. However, it is meaningless to defend the plate now, and they were still the target of smashing the plate two days ago. If there is a crash, it means that there are big funds leaving the market. Although there are new funds entering the market to support the market today, the differences in funds have undoubtedly been exposed. Since there have been serious funding differences, don't expect financial stocks to stabilize and rebound in the short term. It is the best decision to wait and see. There are many reasons why the stock market is struggling today. On the one hand, the US dollar against the renminbi continues to advance by leaps and bounds, and the renminbi is accelerating its depreciation. Foreign investors will lose money due to exchange rate effects even if they don’t buy stocks after converting USD into RMB. We can see that northbound funds continue to flow out today, which has brought a lot of pressure to the market. On the other hand, the 11th long holiday week is still a week away. Before the long holiday, the market will have a pre-holiday effect, and the market will not be too hot. After the 11th November, an important meeting will be held in China, and market funds are waiting for new news, and the wait-and-see mood is strong. Due to various factors, there is very little incremental capital in the market, and more capital outflows. Everyone should continue to wait and see with short positions, and wait until the time window of mid-to-late October. |