Rebound Logic Does Not Change Momentum Or For The Two Upside.

< p > under the influence of < a href= "http:// www.sjfzxm.com/news/index_c.asp" > fund distribution < /a > and the demand for technical consolidation, the ability to drive up the index of field memory capital pulling has weakened, and the stock index is at the 2200 point high level sideways.

Since August 4th, the Shanghai Composite Index has basically maintained its original pace for nearly 10 trading days, which has raised the doubts of the market. Some a href= "http:// www.sjfzxm.com/news/index_c.asp" > investment < /a > believe that the current rebound beginning at the end of July has come to an end.

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"P >" but different from the overall weak pattern of the past market from strong to weak, from the volume of turnover, the activity of hot spot and the investor psychology, the current market has shown a strong characteristic of "refusing to fall".

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< p > first, although the market has been high up for several days, the turnover of Shanghai and Shenzhen stock market has not declined, and it still maintains a single day scale of 140 billion yuan. The amount of stability indicates that the support strength of the current point is not weak; < /p >

The fluctuation of < p > Second, < a href= "http:// www.sjfzxm.com/news/index_c.asp > > index < /a > also did not cause harm to the hot spot activity, and the enthusiasm of land speculation, software localization, rare earth permanent magnet and other concept hot spots did not decrease; < /p >

< p > Third, the economic and financial data released last Wednesday were significantly lower than previously expected. According to common sense, this negative force should make the A share market highly pressurized, but on the same day, the Shanghai composite index only closed on a crosses of the cross line and became more full red on Friday.

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< p > in addition, several factors that support the current rebound have not been reversed.

On the capital side, the interbank market liquidity has loosened recently. The 7 day mortgage repurchase rate is still falling down step by step, from 5.10% at the end of July to 3.53% on Friday.

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< p > in addition, in August 14th, the guidance issued by the State Council on "taking measures to solve the problem of high financing cost" has also aroused the anticipation of directional reduction in the market and further increased the risk preference.

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< p > analysts said that the market opening at the end of July is still in the stage of "warm support", and the market rebound trend is still continuing. Only the first stage of the recovery rally has come to an end, and the market needs to rest and wait for the new catalyst and leading plate.

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< p > in Shanghai and Hong Kong through the start rhythm has been anchored, external funds "live water" is expected to rush to boost the A shares boosted, is expected to be adjusted after the stock index probably regain the momentum, open the second wave of rebound.

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