People are not impulsive, and they are young.

Ding Xu can be said to be impulsive today, and he slammed the so-called Tang Tao, who is very promising.

The reason why the so-called word is used is because whether it is Tao Mingyuan or others, they are vague about Tang Tao's origins, and they just say that his ancestors are powerful and powerful, so don't provoke him.

But according to Ding Xu's thoughts, no matter how powerful Tang Tao's family is, it is just a snake in the capital. Once he returns to Huairen City, he is the emperor of Tiangao, and he and Tang Hao are the head snakes, and the so-called strong dragons are difficult to suppress the head snakes.

It was only after listening to the middle-aged driver tell a few things about the Tang family that Ding Xu understood that this old Tang named Tang Feng was a very well-connected and face-saving person, as long as the younger generations in the family were bullied outside, he would definitely repay it tenfold.

This has little to do with whether Tang Lao protects his shortcomings, the relationship is that the face of the Tang family must be maintained unswervingly.

After all, among the eight families of the Tang and Song dynasties, the Tang family is the No. 1 family that bears the brunt. Whenever there is an incident where the face of the family is shaved, it is a matter that tests the wisdom and ability of the family leader for the Tang family.

Although Donald is old, the tiger is not overwhelmed by death, not to mention that although the old man is nearly 100 years old, his body is still quite tough, he can eat and sleep, and there is no sign of dying for a while.

In other words, Donald still has sufficient ability to protect his shortcomings and protect his family's reputation. After all, most of the old people of his era have passed away, and most of the other people who have interacted with the Tang family are his sons and nephews.

And the Tang family has been spreading in the capital for many years. Connections spread throughout the capital. There are people from all walks of life. You can find a relationship that can speak in every corner. As long as Donald opens a golden mouth, it can be said that the wind will be windy, and the rain will be rainy.

It is precisely because of this that Tang Lao has been saving for a day, and the Tang family has no crisis at all.

The only crisis is Donald's health.

Although Donald's body is still quite tough, he is nearly 100 years old after all, and he may have to go back one day.

Donald fell. It is difficult to say whether the Tang family can still be as beautiful as before, after all, this is a utilitarian era of "as soon as people leave, the tea will be cold".

However, as the so-called tiger father has no dog, in the years when Tang Lao's body went downhill, Tang Yuan rose strongly and became a rising political star, with great persistence in taking over the banner of the Tang family.

Even Tang Tao himself became one of the four great talents in the capital at a young age, and he can be regarded as a prosperous person.

There are respectable old-timers. There are rising stars in politics who can't be ignored, and there are young people who have just turned 20 and are making their mark. The Tang family can be described as prosperous.

Because of this, the Tang family's position in the capital is becoming more and more stable, and whoever wants to reach out to the Tang family must consider the family's intertwined connections, including the huge network of relationships in the political and legal system.

This network of relationships can be like a spider's web, hanging any little bug who doesn't know the height of the sky and dares to offend the Tang family.

And Ding Xu, who made such a beetle today, hit his head on this big net.

So at this moment, Ding Xu's mood was a little bad, and he felt that there was no way to escape from this net.

It was Yang Kui, who listened to the sharp sirens in the distance behind him, and still continued to drive expressionlessly, without the slightest idea of slowing down and surrendering.

As for the middle-aged driver, after spitting the story of the Tang family, he began to brag about his story: "I think back then, I had a fight with the people below the Tang family, but I didn't suffer anything." However, when he later learned that they belonged to the Tang family's forces, he was also startled, and ran to the mountains with a group of brothers overnight to hide. Later, I couldn't find anything to eat, and I almost starved to death in the mountains and forests, but fortunately I was caught by the police and survived. ”

"Huh?" Ding Xu glanced at the bald driver suspiciously, scratched his head and said, "How are you very similar to the experience of a netizen I know?" ”

"And this kind of thing? What's his screen name? The bald driver glanced back at Ding Xu.

"Strange uncle." Ding Xu smiled.

"Damn, no, I'm just a strange uncle! Who are you? The bald driver jumped up in surprise, forgetting that he was in the car, and hit his head on the roof of the car, causing him to groan in pain.

"You're the weird uncle of the Miracle Group?" Ding Xu asked in surprise.

Even Yang Kui felt incredible, and turned his head to look at the bald driver.

"You even know the miracle group, it must be the miracle group!" Uncle Strange rubbed his hands excitedly and exclaimed, "Tell me, who are you?" ”

"I'm the leader of the group, Ding Xu." Ding Xu laughed, because the anxiety of being chased by the police car suddenly eased a lot.

The world is so big, it's so coincidental!

It's really a coincidence that the book is not written.

"It's you! Sister,Fight! Even if it's a crime of cover-up, I admit it! Uncle Strange gritted his teeth, and suddenly pointed to a fork in the road and shouted, "Big man, drive here, I'll take you out of the sight of the police car!" ”

Yang Kui didn't answer, slammed the steering wheel, came to a beautiful drift, and drove towards the fork in the road.

After seven turns and eight turns, the car drove into an alley area and circled around the narrow alley.

There is an alley that is only about two meters wide, just enough to accommodate a small car, but it can only be driven dangerously and dangerously, thanks to Yang Kui's excellent skills, otherwise he would have hit the wall.

"It's okay to cross this alley, those police cars are too big to squeeze in. If you force yourself into this alley, you can only get stuck in the middle of the road and can't move. Uncle Strange laughed and said, "Only old drivers like us dare to drive like this in this hutong area." ”

"You cow! If it weren't for you, we'd be caught alive today. Ding Xu looked behind him, and there was indeed no shadow of the police car, so he wiped his cold sweat and said gratefully.

"That is, and it doesn't look at who I am? The real head snake is not the Tang family, it's me, Uncle Blame! Uncle Strange said proudly.

Laughing and talking. Yang Kui controls a taxi. Drove out of that alley dangerously and dangerously. Although the rearview mirror was folded, it was slightly rubbed.

Ding Xu just breathed a sigh of relief, but was surprised to find that there were two police cars parked in front of him, and several heavily armed policemen under the cars were holding pistols and aiming at his car as if they were facing a great enemy.

"You're already surrounded, stop. Put down your weapons, put your head in your hands, and get out of the car immediately, or we'll shoot. A policeman shouted.

"Fall back and sit down!" Seeing this, Uncle Strange's face turned pale, and he quickly shrank down and reminded in a low voice.

"It's too late, and the back should be blocked. And if we dare to move the car, the tires will burst. Yang Kui sighed. He instructed in a deep voice, "Ding Xu." For a while, if you don't give me an order, you must not act rashly, or they will really shoot. Don't worry, I've got a back hand, and we shouldn't have a big deal. ”

"What's the backhand?" Ding Xu, who was feeling hopeless, heard this, and a new hope suddenly ignited in his heart.

……………… Dividing line ........................

Sorry, because there are very few power outages at home, so I don't have the habit of saving manuscripts every once in a while. I was trying to upload it at 11 o'clock just now, but suddenly the power went out, and the manuscript was basically lost, and the results of two hours were gone. After saying it in the group, I waited in the dark for more than half an hour, and I was about to go to bed, I went, and I called again, I first sent the next part of the big plate homework first, and immediately recalled and rewrote the chapters, and finally revised the text at about one o'clock in the morning, so please re-read the revised text and homework content.

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For the follow-up trend of the market, I basically agree with Mr. Yuming's views in the blog "The Bull Market Enters the Third Stage of the Test Period", and I will add some views below just for you to understand my thinking. Because this time point is more sensitive, and at the same time, everyone has asked me to write a little more analysis, so I will make an exception today to say more.

When I returned from my trip on May 3, I mentioned later in the text of the novel: "As an old shareholder, I habitually get a little nervous every May. Because there is a proverb and law of five poor, six absolute seven turnovers (referring to the fact that it is prone to a large adjustment in May and June every year, and rises again in July), which is especially obvious in bear markets and volatile markets. So will this be the case in this year's bull market? And next Tuesday to start playing new stocks, to freeze 2 trillion funds, so the capital will also form a greater pressure, will it form a squat before the jump again, medium. Central Government. What signal did the important meeting of the governance bureau on April 30 release, and whether it can lead the market out of the adjustment pressure? Today, in the discussion record of the miracle group, as well as the disk operation of "Will it be another five poor, six and seven turnovers", I talked about this point for your reference, hoping to inspire everyone's thinking. Of course, it's mainly based on the content of Mr. Tamana's blog, and my opinion is only auxiliary. ”

The reason why it is mentioned again is that over the years, it is easy to adjust every May and June, and there are many reasons, one of the important reasons is that the annual Spring Festival red envelope market and the annual report market and the quarterly report market in April are concentrated in February and April, and the funds are easy to be distributed in May and June. Of course, this situation is a little different in the bull market, sometimes it is only distributed in stages, and it will rise after the adjustment. So we have to wait and see if we will fall into a long-term big adjustment like 530 in 07.

After that, I went on a business trip on the morning of May 5, and before the business trip, I reminded everyone that Tamana's blog post had already begun to prompt the adjustment of risks, so you should pay special attention. During the business trip, I was busy with business and basically couldn't access the Internet. After returning from a business trip, the market has fallen a lot under the joint attack of sudden bearishness and the pressure of the market itself to adjust, and it has once again formed a squat during the subscription of new shares.

Although I personally took out some funds to play futures, but the rest of the funds were bought in the past two months basically did not rise much in the safety stocks, considering that they may rise against the market during the market adjustment, plus temporary business trips, so there was no significant reduction in positions, and like many people, I also suffered a little market value loss in this crash.

However, I am not worried, because these safe stocks are relatively resistant to decline, and they also have the momentum to make up for the gains, and they should be able to rise back soon in the future. Moreover, the trend of the market is basically in line with my prediction in April that the market may build a weekly pivot below 4600 points. For example, in the April 22 session "Where will the weekly pivot be formed", I think: "As for where the third weekly pivot will be, I have predicted that it may be in the 4300-4600 area, and I have said it many times. This position corresponds to the stop-fall platform from January to March 08. There are strapping chips. If the broader market fluctuates upwards in this range. If it is then volatile and consolidated, it is possible to build a third weekly pivot here. I calculated that the first pivot of this wave of market is at 2302-2347 points, the second pivot is at 3095-3390 points, 3095-2347 = 748 points, if you use 3390 + 748 points = 4138 points. Therefore, if calculated according to the principle of contours, if the third weekly center is formed. The low is likely to be 4138. ”

To be clear, this passage does not mean that the highest point is 4600 and the lowest point is 4300, but that the high point may be between 4300-4600 points, because this area is an important resistance area, and it may fall back at any time, start to adjust, and form a weekly center, and the low point may be around 4138 points. Of course, the top and bottom are not predicted, they are out. The picture at that time is as follows -

As can be seen from this April chart, the highest point is 4400 points. Everyone knows what happened after that. The market peaked at 4,572 points, which is very close to the 4,600 point high I said. It's only 28 points away. The current lowest point of this wave of decline is 4108 points, which is only 30 points away from 4138 points.

Therefore, in general, the proposition of "where will the weekly pivot be formed" on April 22 has basically been solved, so today's new topic is "how will the weekly pivot be formed"?

This time, the squatting during the IPO subscription period was extraordinary, because the decline was more than 10%, which is very close to the decline in January and February, and I feel that the duration will not be too short. In other words, there is a high probability of forming a weekly pivot from 4572 points.

Personally, I feel that there are only two possibilities to change this trend - either this wave of rebound is fast and powerful, heading straight above 4700 points, and then there will be another wave of big pullup, that is, not to be the center, directly up, to go up quickly, to catch this round of bull market top; Either there will be another big bearish, and the institutions will smash the market and flee, and this wave of decline will quickly fall below 3350 points, that is, the center of the last week, thus ending this wave of bull market.

But I think both of these possibilities are very small, especially the probability of a bull market peaking is even smaller. As I said in January's speech "Our Goal is the Sea of Stars", and I have repeated it many times since then, this big bull market is extraordinary, technically similar to the big bull market of 2005-2007, supporting a breakthrough of 6124 points and a new all-time high. On the fundamentals and news, reversing the downward pressure on the economy and promoting the reform of state-owned enterprises need a big bull market to help achieve, and the official also supports the bull market (the slow bull is also a bull), so this wave of bull market to hit a record high is a high probability event, as for how high it can go, it is not easy to say now, let's look at it while walking, anyway, 4572 points is unlikely to be the apex of this wave of bull market.

And this wave of the main rising wave from February 9 has risen from 3049 points to 4572 points, an increase of 1523 points, the technical overbought and adjustment pressure is relatively large, plus the official intends to lead the slow bull trend, and continue to sprinkle water to cool down, so although the adjustment of 10%, the space is almost the same, and the adjustment range in January and February is about the same, but the time is not enough, need to toss in this position for another month or two, to show that the market funds are listening to the party, And this is also a necessary springboard for the 5000-point mark, so it is necessary to engage in an air refueling here. Therefore, a direct reversal and a re-rush above 4700 points is also very unlikely.

In this case, 90% of the time it is likely that the weekly pivot has already been formed, so how will this weekly pivot be formed?

My personal feeling is that a standard weekly pivot will be completed in the way of "adjustment-rebound-adjustment", that is, the "down-up-down" method of entanglement and meditation.

The so-called "down and down" refers to the first adjustment of a wave, then a rebound, and then an adjustment after a wave of rise. After that, there will be another longer uptrend that will break through this pivot and start to move sharply until another high starts to build a new one.

In other words, the lower and upper centers are divided into three strokes. The fourth ascent is counted separately, because its end point is not in the central range.

Limited space, this theory will not be said in detail, if you are interested, you can read the entanglement theory.

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As previously said on the evening of May 7 in a disk operation entitled "This is the moment of life and death": "Theoretically, such a rapid decline in the bull market should usher in a retaliatory rebound from the bulls." New funds have been returning one after another. I won't let go of this opportunity to buy the bottom. After all, the market fell from 4,572 points to 4,108 points, and it has fallen by 464 points, a decline of more than 10%. As the first wave of killing, there should be enough space. If you want to continue to fall, you should also fall again after the rebound. Up and down is the normal trend to build a weekly pivot...... The J value of the Shanghai Composite Index daily KDJ has fallen below -20, basically reaching the limit, and the rebound can be described as imminent...... Tomorrow the bulls will have to show their swords, once the 30-day line is effectively broken. The lower MA support level is the 60-day line of 3719, where an effective counteroffensive must be organized, and the counteroffensive will be effective before the close of next Tuesday, and it is best to regain the 20-day moving average in one breath and stand above 4278 points. ”

On May 8, the market rebounded strongly as scheduled, with the Shanghai Composite closing at 4,205 points, up 2.28%, the Shenzhen Component Index up 2.6%, the Growth Enterprise Market up 5.97%, and the small and medium-sized board up 4.63%. Arguably. There are already signs of taking the second draw, starting the first wave of the rally in the center of the weekly timeframe.

But we also have to see. The amount of rebound can not keep up, and it will be confirmed on Monday and Tuesday next week.

The news over the weekend is both bearish and bullish, the bearish is the expected issuance of 20 new shares, and the good is the expected central bank's symmetrical interest rate cut of 0.25%. These two pieces of news are basically expected and can play a role in canceling each other. However, because the timing and intensity of interest rate cuts are stronger than that of new stock issuances, it should continue to rebound on Monday, but it is possible to open sharply higher and then go lower, making up for the gap of the day's high opening and then strengthening again. At present, the market is still in a weak cycle, once there is a sharp higher opening, it is appropriate not to chase high, you can wait for it to fall.

In any case, the central bank's interest rate cut at this time is good for real estate, brokerage, insurance and resource stocks such as coal, non-ferrous rare earth steel, which will help the broader market continue to rebound and build a second trend.

And Tamana's point of view is that it is now the fourth wave of the big five waves, the adjustment wave, there should be three waves of ABC, wave A falls, wave B rebounds, wave C falls again, and then the fifth wave rises.

Tamana's view is a little different from my view of constructing a weekly pivot, because the rebound height of the ABC wave three declines and the B wave is generally not too high, let alone a new high, and is often only about half of the A wave. Moreover, the low point of wave C is generally significantly lower than the low point of wave A.

And I don't have a deep study of wave theory, I just rely on historical experience to judge how the weekly center in my mind will form. An important basis for this is historical trends. The picture below is called "Four Pivots Determining Bulls and Bears", everyone should have seen it many times-

Of these four centers, after the first wave of decline, the second wave of rebound basically returned to near the highs. The third wave is down, and it is not too far from the lows of the first wave.

Of course, the fourth pivot is an exception, as the last black candlestick has broken below this pivot. And the farther away you are. The last wave of the rebound, when it touched this pivot, went down again, and so there was the great bear market of 2008.

Now, if you do the center, you will do the third weekly center. It could be in such a form. The first wave fell to 4108 points, and then rebounded to near the 120MA line on the 30-minute chart, that is, 4356 points, to see if it can get through. If it encounters resistance and falls back, it may start a third wave of decline, and then the second wave of rebound is less strong. And if the rebound is strong, it can rebound to 4500 points, or even hit a new high, and when it rises to around 4600 points, the volume can not keep up and still have to reduce positions, because there is likely to be a new wave of decline.

As for whether the third wave of decline will hit a new low, there are two situations in the 07 big bull market and this wave of rise, the first is that the first wave of decline will fall rapidly, and it will hit the lowest point during the adjustment period, and then rebound and then fall, but not a new low, such as 530 in 2007. The other is to fall first, then rebound, and then hit new lows, such as in January and February this year.

But in any case, this wave of decline has exceeded 10%, and the bearish results are almost out, and even if it hits a new low after the rebound, it will not be low. We'll talk about that later. At present, I don't think there is too much need to worry about the lows of this adjustment, the four weekly pivots of the 07 big bull market, basically the second wave of rebounds have returned to near the highs, and the lows of the third wave of killing are also higher than the lows of the first wave of killing. And the first two centers of this bull market are almost the same pattern, and January this year is an exception. The low of the second wave correction is 3049 points. to lower than the 3095-point low of the first wave. But it's about the same, only a few dozen points. Knowing this, you don't have to keep staring at three thousand five, three thousand eight or the like, and worry too much.

In addition, the time of this adjustment may be a month or two, counting from April 28, and it may continue to fluctuate until June. It's over. After the decentralization of new shares to the Shanghai Stock Exchange and the Shenzhen Stock Exchange, the rhythm of new stock issuance has also been clear, and only then will a new main rising wave be taken, which may be the usual trend of turning over from the five poor, six and seven that I said before. If according to the trend of the first two waves, each wave rises by about 1500 points, then if the low point can be controlled at 4108 points, then it can rise to about 5500-5600, and then adjust a wave, engage in a new center, and prepare to break the record of 6124 points, a record high.

Of course, these are just assumptions. The premise is that there is no particularly large negative impact on the trend. For example, in May and June, the China Securities Regulatory Commission will delegate the right to review new shares to the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It will have a greater impact on the market movement. If the speed of new share issuance is greatly accelerated after the decentralization of review power, the adjustment time will be strengthened, and the adjustment intensity will also be increased. Let's see as we go.

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In terms of weekend news, there were two bearishnesses. First, the new shares were announced again in May. And this time it was a few days later than before, it was basically announced on the first trading day or so, and there were 20 new stocks, which did not increase from last month. The other is the central bank's statement that there is no need for quantitative easing to significantly expand liquidity levels. This is actually very easy to understand, pay attention to the word "substantial expansion", the current liquidity level is relatively loose, of course, there is no need for another substantial expansion, not to negate the current situation of quantitative easing.

Sure enough, on Sunday afternoon, the central bank announced a rate cut. The group of friends have claimed that the interest rate is cut on Mother's Day, and the central mother is really the central mother, great love.

This, in fact, I expected it on Friday, because as soon as the index rose, I went to look at the sector and found that real estate stocks rose well, and bank stocks rose less, so I said in the miracle group that interest rates may be cut over the weekend, and now they are being introduced as scheduled.

Of course, as I discussed today in the Miracle Group, be careful to fill the gap after opening sharply higher. Therefore, on Monday, we should be careful to open high and go low, and do not blindly chase high, especially after the optimistic stocks open sharply, you can patiently wait for the retreat and then buy low.

Because after a sharp decline, it just stabilized and rebounded on Friday, closing almost at the highest point, and if the gap opens higher next Monday, this gap is likely to be filled intraday. Rebound after covering up.

Of course, as said on Thursday and Friday, the sectors that are good for interest rate cuts are mainly real estate, brokerages, insurance, resource stocks, etc. Brokers, insurance, and real estate are because there are more funds to buy stocks, insurance, and houses, and the significance of interest rate cuts for resource stocks such as coal, nonferrous metals, rare earths, and steel is that they can borrow money at a lower cost, which is also conducive to reducing the pressure of interest repayment. And it's not a big boon for banks. It has been analyzed before that the interest rate range may have to be adjusted accordingly. Please note that this sentence is in line with market expectations - "At the same time, in combination with the promotion of market-oriented interest rate reform, the upper limit of the floating range of deposit interest rates of financial institutions will be adjusted from 1.3 times to 1.5 times the benchmark deposit interest rate; "My understanding is that as soon as the banks adjust the floating range, the deposit and loan rates can actually be about the same as they are now, or even a little bit more. It depends on how the major banks operate. If you win over customers more forcefully.

At the same time, if the interest rate is cut sharply higher, it is prone to a 28 effect. Because interest rate cuts are mainly good for main board stocks such as brokerage insurance and resource stocks, under the effect of capital concentration, the small and medium-sized board and the growth enterprise board may be weaker than the main board, or even adjust against the market. At the same time, tomorrow's trading volume should be enlarged, and if we can get out of the trend of both volume and price, the rebound in the future is expected to continue.

Overcoming the 60-day line is a watershed moment for the rally, so watch out for next week.

In addition, during the construction of this center, it is necessary to pay close attention to some strong sectors, especially the leading sectors that may lead the market out of the third wave of the main rising wave in the future.

As shown in the figure, the first wave is dominated by brokers, supplemented by banks, the second wave is dominated by the integration of the Belt and Road Initiative and central enterprises (such as the merger of the North and South Cars and the North and South Ships), and the third wave should be related to Made in China 2025 (Industry 4.0).

In addition, for the matter of opening an account, because one person is now allowed to have multiple households, the China Securities Regulatory Commission has a new statistical caliber, and everyone should pay attention and not be misled by some figures in the media -- the number of new A-share accounts refers to the number of newly opened A-share accounts during the statistical period, and the number of new investors refers to the number of investors who opened A-share accounts for the first time. In addition, from April 1 to 10, before the liberalization of one-person multi-households, the number of new A-share investor accounts and the number of new investors were 2,566,400 and 1,278,900 respectively; The daily average is 366,600 households, 182,700 people. After liberalization, from April 13 to 30, the number of new A-share accounts and investors were 10,336,600 and 3,696,400 respectively; The daily average is 738,300 households, 264,000 people.

The bull market loves Monday, and I wish you all an early recovery of lost ground and a big profit. (To be continued......)