After The Shock, The Market Is Expected To Stabilize.

Despite the central bank's interest rate cut again, IPO's pressure on the two tier market and the end of the season are approaching, which has suppressed market confidence. At the same time, the big diving on gem on Friday hit the market sentiment even more. In the end, the whole market fell 2.09% below the whole week, and the gem rose 1.21% throughout the week.

Judging from this week's surface, the quantity can be released faster, the activity of stocks has gradually weakened, the degree of differentiation has gradually improved, and the market hot spots have changed rapidly, and gradually dispersed. Profit funds pull up the shipment, the bottom of the funds to suppress smoking, Friday Differentiation of stocks More obvious, more than 5% stocks rose nearly 100, or more than 5% stocks, up to 170, and the long lost phenomenon of re emergence was repeated again, announces the arrival of structural risk release.

　　从技术上看，本周大盘高开低走，盘中震荡幅度逐步减弱，呈价跌量增态势，10周均线再度失守，但5周均线对大盘形成支撑，且5周均线有向上迹象，这对大盘稳定运行较为有利，仅是周MACD技术指标形成死叉，则又将抑制大盘向上空间;日线技术指标显示，周五大盘量能萎缩较快，呈价跌量缩态势，10日均线对大盘形成反压，30日均线对大盘形成支撑，大盘盘中未创前一交易日新低，大盘指数杀跌动力减弱，但K线组合显示，短线大盘还将在18日均线上方反复，上下空间皆较为有限;分时图技术指标显示，部分分时图技术指标的底背离迹象，预示短线大盘盘中还有反复，大盘上下空间皆两难。

Friday Gem It is inevitable to form a bareheaded, light foot and Long Yin line, and the trend of compensation gap is only inevitable. Only the short term trend will determine the change of the medium-term trend. If the gap is low and the gap is formed, there will be a "island reversal" prototype. The medium term trend of the gem is in the adjustment trend, otherwise it will still be built at the top of the concussion. How to evolve, next week will give the answer.

The money making effect of the market has gradually weakened, and the effect of losing money has been gradually improved. On the one hand, the gem with a high valuation and a record of history is on the other hand, it is a blue chip with a low valuation, but the liquidity is tight. Blue chip market is difficult to start, the market resistance finishing, growth stocks are high and no one dare to chase, the organization itself from singing hard to maintain. The only way for profit taking is to get rid of the non systematic structural risk of stocks and become the last straw to overtake the market. These are the root causes of this week's big market decline.

The author believes that although the release of short-term non systemic risk is suppressed. Market As for the uplink space, but because the large blue chips have been adjusted a lot before, the space for further adjustment is limited, and the investment in the theme of the reform is in full swing. Therefore, for a period of time, due to the smaller systemic risk, the market will continue to be resistant to sorting, and the operation mode of interval oscillation is still the same. However, the release of non systemic risk will increase the difficulty of stock selection, and how to choose stocks will become the main problem facing the recent operation.

Whether it is a comprehensive technical analysis, or market analysis, we believe that the short and large market space dilemma, the interval will be the main trend of the recent market trend. On the operation, we should weaken the index and emphasize the stock market. What is the basis of the market and what the real draught is? On the operation, we should pay close attention to the reform of state-owned enterprises, the belt and road, price reform, financial reform, land transfer and long-term bottoming stocks. We should avoid the recent continuous increase or excessive share, and gradually reduce the market share of false growth stocks and delisting risk stocks for the release of performance.