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Watch for a rebound on Wednesday
Foreword: [Taogu Ba]
Can’t play anymore, completely can’t play, I gave up today. Now I get contacted or monitored easily, and I’m really convinced.
Today I was out eating and didn’t have time to write a review. There’s really nothing to write about the market today. I received information and calls in the morning, and I didn’t make any moves afterward. I didn’t dare to.
Just a few words—everyone has seen it above. There’s a real sense of powerlessness. I’m never afraid of a bad market environment; I earn my money based on my skills. What I fear is being prevented from self-rescue. Is it really what they want—to see a complete shutdown? Keeping the market stable and preventing panic isn’t good for the market!
The entire grassland structure now definitely has no problems. A deep decline is impossible; it’s controlled as steady as an old dog. The limit is around 4000, and without negative news, it’s very hard to reach that. But the market is chaotic due to quantification. Fewer and fewer funds are willing to step in now—they’re waiting for a sustained move. If the last bulls rest, we might really have to wait for the market to kill off the panic selling.
The market’s profit-making and hot-spot effects are created by hot money, but once these effects end, it’s the end of quantification. Almost no exceptions. Hot money dares to guide and push key points for sustained moves, but quantification relies on high-frequency intraday fluctuations to harvest profits. If quantification isn’t restrained, honestly, I don’t see any big trend coming later. It might only make more investors despair and exit.
Whether Wednesday’s rebound can be sustained depends on one indicator: whether the volume recognition can lead the sector to a sector-wide coordinated attack. If it can’t drive sector-wide movement, don’t expect much. If it can, then be more positive. Also, the index at this level shouldn’t have problems; the limit is around 4000. The real issues are the sustainability of individual stocks and sectors. I won’t say more about the rest.
Best wishes: QNMD