Chapter 615: Wave 3 (4)?
Wang Minghui said with a smile: "Li Xin, you are really a dead bull, in your eyes, every rise always has a good reason, and every fall is just a short-term pullback." There's a saying: People always see what they want to see, and that's you, right?"
Li Xin said: "Maybe, but you have to stick to what you recognize, otherwise you don't have a direction to work towards?"
Zhang Shaohui asked: "If the broad market index continues to rise tomorrow and breaks through the recent high of 2050 points on November 18, does that mean that the K-line chart on December 2 yesterday should be the beginning of the third wave of rise?"
Li Xin said: "Yes, it should be like this. ”
"Then where do you expect the high point to go after this wave rises?"
Li Xin said: "The exact point is difficult to predict. However, the first wave rose from 1664 points to 2050 points, an increase of 386 points, and after the adjustment of the second wave, the third wave should rise more than the first wave. ”
Zhang Shaohui carefully calculated it on the computer screen with his mouse, and then said: "The lowest point on December 2 yesterday was 1846 points, and from this low point, even if the third wave rises by the same extent as the first wave, only about 400 points, it should also rise to around 2246 points, right?"
Li Xin nodded and said: "Yes, at least to this position, otherwise the rise of the third wave is not as good as the first wave, then it is a bit unusual, this third wave is also one of the main rising waves." ”
Wang Haoqiang said happily: "The current point of the 60 moving average is 1973 points, and according to the current trend of its continued development to the lower right, the point of the 60 moving average should be lower than the current point in the next week or two." If the broader market index really rises to 2246 points, then the 60 moving average will be far below, and the bull market will really come!"
Thursday, December 4th.
The broad market index opened at 9:30 a.m. with a gap of 1,992 points, a gap of 1.39%, and this opening point stood above the 60 moving average of 1,969 points in one fell swoop.
Looking at such a result, Wang Haoqiang, Wang Minghui and Zhang Shaohui were overjoyed, and they said: "I said that yesterday's closing point was below the 60-day moving average, which is a good sign, and you see that the market broke through the 60 moving average as soon as it opened today, and it is not entangled at all!"
"The opening broke through the 60 EMA, which has not happened a few times in more than half a year, but I hope that this time it will be above the 60 EMA by the time it closes. ”
Although Li Xin was also very excited in his heart, there was still a trace of worry in his heart. Wang Minghui and the others are right, since the market index fell below the 60 moving average on January 17 this year, there have only been two times in more than 10 months since the market index has been running above the 60 moving average.
The first time was on November 27, when the broader market index opened higher with a gap of 2,012 points, standing above the 60 moving average of 2,003 points. But within a few tens of seconds of that gap, the broad market index quickly fell below the support of the 60 EMA from 2012 and closed the day at 1917.
The gap on that day was beyond everyone's expectations, and what surprised everyone even more was the sharp drop after the gap high. Although the closing point of the day was 1.05% higher than the previous trading day, the decline from the opening point to the closing point was 5%. The big black candle that pierced the head and feet made people completely forget the 1.05% increase, but what they remembered was the big black candle that covered the top of the dark clouds.
If Li Xin were given the choice, he would rather have a flat 1.0% rise that day, so that confidence in the bulls might be better.
The second time was today.
Because yesterday's closing point was very close to the 60 EMA, it was not too unexpected for everyone to jump higher and stand above the 60 EMA at the opening of today. In contrast, almost all of us are worried about what will be the outcome after today's high open?
Will it open higher and move higher after the gap opens higher today? Will it be like Wang Minghui and others worried that the closing point cannot stand above the 60 moving average?
In their worries and euphoria, the trend of the broad market index after the opening did not disappoint them, and the index opened higher and went all the way higher.
At 9:48, the broad market index rose to 2015 points, an increase of 2.54%.
At 11:00, the broad market index rose to 2029 points, an increase of 3.26%.
At 11:30, the index closed at 2033 points in the morning, an increase of 3.46%. At this time, the broad market index still maintained a strong upward momentum, indicating that the trend in the afternoon is still very optimistic.
Sure enough, after the opening at 13:00 in the afternoon, the broad market index continued to rise, and at 13:17, the large market index rose to 2049 points, an increase of 4.29%.
Then after a short pullback, at 13:36, the market index slightly retraced to 2031 points, and then launched a continuous upward attack, and by 13:55, the market index rushed up to 2054 points, an increase of 4.51%.
Compared with the strong upward trend of the broader market index for several hours, the trend of Liugong Machinery's stock price in Li Xin's hands is somewhat unsatisfactory.
At 9:37 a.m., following the rise of the broader market index, the price of this stock once rushed to the position of 12.47 yuan, and when the price was about to break through the 60 moving average of 12.55 yuan, the time line that had continued to rise a few minutes ago suddenly wilted like a frosted eggplant. In the following time, when the market index continued to rise, the stock price of Liugong Machinery was falling. At 9:59, the price has fallen to 12.03 yuan, a decrease of 0.50%.
Since then, the price of the stock has been oscillating back and forth below the high of $12.47 set in the morning, and even at 13:55, when the market index hit a new high since the rise on November 7, its price only rose to $12.32, an increase of 1.90%.
Li Xin muttered to herself in her heart: No, how could it be such a trend? Could it be that yesterday's rise was too large, and today is facing the suppression of the 60 moving average? But isn't the rise of several other stocks very good today?
Compared with the sluggish trend of Liugong Machinery today, the trend of Jingxi Coal Industry in Li Xin's hand is very beautiful. Its stock price opened at 10.26 yuan in the morning, with a high opening of 4.80%, and by about 13:50 in the afternoon, that is, when the broader market index hit a new intraday high, its stock price has rushed to the price limit, and the price is 10.77 yuan.
Wang Haoqiang's development bank opened 3.42% higher with a gap of 9.98 yuan today, and then went all the way up, and it was also at 13:50 that its highest price rose to 10.45 yuan, an increase of 8.08%, which was also close to the price limit.
With the strong rise of the broader market, the overall rise of stocks in the brokerage sector today is at the top, and Sanjiang Holdings in Wang Minghui's hands has risen by 5.83% at 10:13 a.m.
Near noon, its stock price rose to 21.10 yuan, an increase of 6.91%.
By 13:55 in the afternoon, when the broad market index hit a new high, although its stock price did not break through the high of 21.10 yuan in the morning, it was also hovering at the line of 21.00 yuan, and it was poised to rush upward.
Among the four people in the big room, except for Zhang Shaohui, whose stocks rose by less than 2%, the stocks in the hands of the other three people rose by about 78%, and some even rushed to the price limit.
Several stocks in the brokerage sector have rushed to the price limit, seeing such a situation, Wang Minghui is full of confidence that there will be a wave of rise before the close of Sanjiang Holdings. He said: "Looking at this momentum, there is no suspense that the broad market index is standing above the 60 moving average today. ”
Wang Haoqiang said: "Li Xin, now the market index is 2055 points, and it has broken through the previous high of 2050 points on November 18, this third wave can already be confirmed, right?"
Li Xin said: "Of course. Now that this point has not only broken through the pressure of the 60 EMA, but also broken through the previous high, its upside has been opened. The third wave that started on December 2 the day before yesterday is really worth looking forward to! Wang Minghui, weren't you still worried yesterday about whether the market index could break through the pressure of the 60 moving average? What is going on now, are you still worried?" Li Xin has been firmly bullish on the market since November 7, and today's trend in the market is even more confident for him. Because judging from the current situation, the broad market index is already nine out of ten standing above the 60 moving average at the close today.
If by the end of the day, the broad market index is really standing above the 60 moving average, as it thinks, and it has closed a large white candle, then this is almost a historic moment.
Because the broad market index fell below the support of the 60 EMA for the first time on November 9 last year, which was a landmark moment, that is, it was from that day that the bear market was really established. Although the second wave of the broader market index broke through the pressure of the 60-day moving average on January 7 this year during the second wave of the pullback, it was just a pullback in a bear market and could not change the long-term downward trend.
So shortly after that, on January 17 this year, the broad market index fell below the support of the 60-day moving average for the second time, and continued to start the long journey of a bear market. Since then, until yesterday, the broad market index has been trading below the 60 EMA for almost 11 months.