Yesterday, the author analyzed the points and ideas for buying at the bottom, and here I will analyze the current situation again.
1. The technical level has entered the bottom area
From the wave theory, GEM and Shanghai Composite Index are both at the end of the decline. As shown in the figure, the five-wave structure of the Shanghai Composite Index, the orange area belongs to the five-wave extension, and the five-wave extension belongs to the irrational market. It happened in the stock market crash in 2015, and the irrational selling under the influence of panic sentiment. Generally speaking, the five prolonged waves will be recovered. So from the perspective of wave theory, it is currently in the bottom area and the rebound is coming at any time.
From the structural analysis, the bottom support of the annual line should be around 2850. The lowest point this year is 2863 points. Even if this point is not the final bottom, it still belongs to the bottom area or the stage bottom. Based on the five wave theory, the author believes that the ChiNext, Shanghai Stock Exchange Index, and Science and Technology Innovation Board have initially completed the bottoming out .
2. Operational ideas
has rebounded at present, but there are still more than 150 stocks in limit down , and more than 3,000 stocks in the past two days. The panic has eased compared to the previous two days, but it still exists. However, in terms of point space, the bottom area has appeared, and the best way is to increase positions in batches. The author has already bought at the bottom at a low price today, and currently has 650% of its positions, which currently belongs to the left. The individuals on the left are mainly Science and Technology Innovation and ChiNext Index etf funds, and have allocated securities etf. For the remaining positions, waiting for the trend in the next two days before making a decision, it can be considered as leaving a backup plan for yourself.
By the way, many people asked everyone to evacuate when they were 3,500 points, and everyone was fearless. Now it was only over 2,800 points, but they were timid. If you can stop the decline today, it is best to have a shrinking volume. A medium-volume positive line is needed to confirm the rebound. The bottom is produced by speculation, so buying the bottom through position control is a strategy.
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