Thursday, December 11th, light rain.

"Today there are good things and bad things. How will the market choose its direction? Is it up or down?"

Early in the morning, Qi Fei began to analyze the news on the disk in the miracle group.

"The Bureau of Statistics announced yesterday that the PPI in November increased by 2.0% compared with the same period last year, which was much lower than 6.6% in October, the lowest growth rate this year. In addition, the Bureau of Statistics will release the CPI data for November today..."

"Hong Kong stocks closed higher on Wednesday, and the Hang Seng Index closed up 824 points to 15,577 points, up 5.6%, rising to the highest closing point in the past two months. Market analysis believes that the Hong Kong stock market is expected to be a three-day central economic work meeting, and further economic stimulus measures will be introduced after the end of the central economic work meeting, which has risen sharply."

"So did the meeting really introduce economic stimulus measures? According to the latest report, the Central Economic Work Conference was held from December 8 to 10. The meeting proposed five key tasks for next year's economic work, including maintaining the stable and healthy development of the capital market and real estate market. The meeting also proposed to strengthen and improve macro-control, implement a positive fiscal policy and a moderately loose monetary policy."

"I personally believe that to maintain the stable and healthy development of the capital market, this means that the capital market will become one of the important platforms for expanding domestic demand and stimulating economic growth. Maintaining the stable and healthy development of the capital market will become an important task for various departments in the future, and the confidence of stock market investors will be greatly boosted."

Speaking of this, Qi Fei stopped.

Hearing this analysis, Ding Xu smiled and replied in the group: "Brother Qi, you said the last sentence well. Keep the capital market stable and healthy development. This is a term that has always been mentioned. But as five key tasks for economic work next year, it is to raise the capital market to a very high position. This is an unusual term, and there must be many measures in the future."

"Yes, we should be able to continue to rise sharply today. The Shenzhen Component Index is expected to use this favorable effect to hit the half-year line." Darubao Life said excitedly.

Next, the group members had a heated discussion on these positive and negative factors mentioned by Qi Fei. In the end, most of them believed that the market could continue to rise today.

Ding Xu mentioned the rule of "every meeting is going to fall", pointing out that yesterday's meeting ended and there is still a possibility of adjustment today, but most people disagree and think that this is too much of a concern.

In the end, Ding Xu felt that he was really worried.

At the beginning of the morning session, both Shanghai and Shenzhen stock markets opened slightly lower, then quickly turned red. Then they quickly dived and turned green, then pulled up again, and once rose to a 1% increase. They dived again.

The time when the market began to plunge was the time when the economic data was released - at 10:30 am. The Bureau of Statistics released the economic operation data for November. The data showed that the total consumer price level (cpi) rose by 2.4% year-on-year, down 0.8% from October, which is the seven months since the beginning of this year.

Relevant experts analyzed that since CPI continues to fall, it means that the central bank may continue to cut interest rates, which is good for the stock market.

But after this data was released, the market plunged for a while, and then pulled up again. The Shenzhen Component Index once rose to 7577 points, almost hitting a new high, and then fell slightly again.

Throughout the morning, the Shanghai and Shenzhen stock markets kept fluctuating repeatedly between the red and green markets, which felt like a monkey market.

In the afternoon, the situation suddenly changed. The originally healthy upward trend was replaced by a one-sided decline in the afternoon. It seemed that the Shanghai and Shenzhen stock markets were more powerful in the competition, and they pounced down fiercely.

The bulls seemed very weak and had no resistance. There were a lack of hot sectors in the two markets, and there were few stocks that hit the daily limit. The number of red stocks decreased by more than half compared to yesterday. There were more than 300 varieties with a drop of more than 5%. Even the bank stocks that had been trying to protect the market before suddenly turned around and fell, and many funds fled in a hurry.

By the afternoon closing, the Shanghai Composite Index closed at 2031 points, down 47 points, down 2.28%, with a turnover of 89.7 billion. The Shenzhen Component Index closed at 7361 points, down 128 points, down 1.72%, with a turnover of 40.6 billion. The trading volume of the Shanghai and Shenzhen stock markets shrank compared with the rise yesterday.

Baosteel Rare Earth continued to rise in the red market this morning, but began to plunge in the afternoon, with a closing price of 8.55 yuan, a sharp drop of 5.42%, a turnover of 210 million yuan, and a turnover rate of 5.74%. Compared with yesterday's trading volume, today's trading volume decreased slightly.

After the closing, Ding Xu said in the group with some worries: "Why did it suddenly fall? It's really the economic meeting that the rule of falling every time the meeting begins to work? Yesterday's upward momentum was not bad, it was considered a bottom cut, and it means two yangs and one yin. As a result, when you do this today, it turns into two yins and one yangs. The good upward trend is destroyed, and the future market is not good!"

Yesterday, Ding Xu's market value on Baosteel Rare Earth had reached more than 400,000 yuan. A drop of five points meant he would lose more than 20,000 yuan. This made him feel a little painful and began to reflect on whether there was any problem in his judgment.

The so-called two Yins and one Yang means that in the K-line chart, a positive line is sandwiched between two Yins and lines. This is usually a pattern on the way down, indicating that the stock price falls and encounters resistance from the bulls in the middle, but it still cannot stop the power of the bears, and the stock price will continue to decline.

In contrast to the multi-side cannons with two positive and one negative, the two negative and one positive is a relatively obvious selling signal, also known as the "short cannon". It reflects that the market short side has the advantage, the bull side is fighting and retreating, and the situation is not optimistic. Investors should consider leaving the market, taking profit or stop loss at this time.

If it is a small and medium-sized stock, and the market maker has a relatively high degree of control, then a combination of two negative and one positive k-lines is easier to make, and it is easy to be deceived by the market maker and become a washing tool. However, if it is the stock price of a large-cap index or large-cap stock, and it appears at the top of the high level after the market has risen for a period of time, the accuracy rate will be relatively high.

Specifically, this is because the stock price has reached a certain high level after it continues to rise. On a certain day, the stock price opened high and closed low, and the daily K-line closed a baro or large negative line with volume, indicating that the selling pressure on the profit-taking market began to increase, or the main force has begun to reduce the pound during the session. The next day, the stock price did not continue the decline, but opened low and closed high, closing a small and medium positive line. It seems that the bulls began to counterattack again, giving people the illusion that the upward trend is not over.

However, the trading volume on that day shrank significantly compared with the previous day when the trading volume fell, indicating that the positive line on this day was deceptive and the willingness to go long was not strong. The stock price opened high and closed low again on the next trading day, and a large number of profit-taking orders surged out, and the trading volume increased again, which fully demonstrated that the energy of the bulls had been completely consumed, the bears had completely controlled the overall situation, and a round of downward trend had been basically established.

Therefore, when the stock price is at a relatively high level and the daily K-line combination forms "two Yins and one Yang", it usually becomes a clear head pattern. If the trading volume of the two Yin lines is greater than the trading volume of the positive lines, it is more effective and investors should firmly sell.

There are three main points for judging the two yin and one yang. One is that the two yin lines are longer, usually greater than the length of the yang lines. The other is that the trading volume accompanied by the two yin lines is significantly greater than the trading volume when the yang lines is positive. The third is that the stock price has climbed to a certain high.

Whether it is the Shanghai Composite Index or the Shenzhen Component Index, the three-day k-line combination is obviously a trend of two Yins and one Yang. Although the trading volume of today's negative line is smaller than the trading volume of yesterday's positive line, the trading volume of yesterday's positive line is also significantly smaller than the trading volume of the previous day.

"Whenever you meet, you will lose? That's not the case!" Qi Fei denied flatly, "I just heard a piece of news, which is the source of the sudden dive in the market this afternoon!"

"What news?" Ding Xu asked quickly.

"A senior manager of CRRC revealed that the CSRC is reviewing the company's A-share initial public offering (IPO). The senior executive revealed that despite the sluggish A-share market, the company will go public in accordance with the procedures after approval by the China Securities Regulatory Commission." Qi Fei replied.

"I have also seen this news, but it is just a rumor. No relevant information was released on the company's official homepage." Ding Xu said in confusion.

"There is no on the official website, but today two media outlets have revealed the company's senior executive speeches. I'm sure it must be this news that has brought negative impacts on the main bulls of the market!" Qi Fei said angrily, "The market is currently in a recovery stage of rising, and the reasons are from policy care, as well as measures such as funds and institutions scanning orders, and large and small non-platforms. More importantly, the management has stopped the new stocks, the market has initially gained a respite, and the stock index has continued to rise in recent days, the market has seen a money-making effect, and investors' confidence has recovered slightly compared to the previous period. This is a rare good thing. However, if the gate is really opened to issue new stocks, the market will die, and this wave of market will be over!" (To be continued, please search for Astronomy, novels are better, updated and faster!

ps: Thank you very much for "Love Chen Xin the Most" and "Eat Two Stewed Buns" for rewarding the 11th and 12th leader of this book. Welcome to join the Miracle Group, a big family to exchange. When my neck gets better, I will update you more, thank you.

Last night's explanation mentioned: "It is expected that there may be a sharp intraday decline this week, with the maximum drop of more than 2%. But even so, there is no need to worry that this round of market will reach its peak... This is not a signal of ending the rebound, but it is still a squat before the attack."

One of the reasons why we make a judgment that will be adjusted is that the steel sector made up for the rise yesterday, which generally means that a round of rise is approaching the end, and at least we have to fluctuate sideways and wash the market and digest the pressure brought by the profit-taking market.

Today, the market began to adjust as I expected, but the adjustment intensity was relatively limited. The Shanghai Composite Index only fell by 20 points at most, less than 1%. In the end, both Shanghai and Shenzhen stocks closed with a small negative neckline, but the number of stocks rising in the Shanghai and Shenzhen stock markets was similar to the number of stocks falling. The index fell, the market was still booming, and the money-making effect was still obvious.

I also proposed yesterday that this is a cross-year market, which is prepared for the Shanghai-Hong Kong Stock Connect recently and is prepared for the registration system far away. It is a bull market and a time to make money.
Chapter completed!