The Market Presents A Typical Adjustment Market: Focusing On GEM.

The two cities continued to run horizontally after the conventional opening. After 11 hours, the stock index began to show a clear dive, while the early morning market of the gem was all the way down. In the afternoon, the index continued to dive, rebounded after 13:20, and then continued to dive to the close after 14:30.

Today is the last day of 2015, we have some holiday complex expectations for today's market. Fan Bo, the advisor of the spring breeze, said in yesterday's blog: "the entanglement of the index is determined by the complex of the year. It is predicted that the last day of the year (31) is not significant. It is a good time to look at the future market and look at the current market in a larger pattern. Now it is an excellent opportunity to screen stocks, and the focus is still to adjust the group of small cap stocks."

2015 has passed, no matter how heavy it is, it has become a past event. Looking ahead is still a piece of sky. What matters is whether you still have the courage and mind to go forward after the storm. Finally, I wish you all the best.

Investment income is high in 2016.

With this kind of thinking, we will become calm in the face of today's decline. In fact, since the gem began to adjust in December 23rd, the gem index is already third Yin, which is also in the expectation of Fan Bo.

Whether we can build up the head and shoulders shape sideways, we need to pay close attention to the support near the 2650 point. The short line rebound is not enough to show that the market is completely stabilized, and the probability of concussion finishing later is higher. But if the gem index can not form a high head and shoulders bottom, then it will continue to seek support from the lower level, even on the 60 day moving average or even the annual line.

Therefore, after the festival, we need to focus on the 2650 point support of gem.

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In the past 15 years, it has gained a huge line of 84.41%, which is equivalent to the annual increase of 82% in 13 years.

It is worth noting that in the 20 years of A share history, three years of continuous increase of more than 80%, only the super bull market in 06-07 years, however, after a sharp rise, it ushered in 08 years of 65% of the huge line of overcast. Many of the Chinese stock markets were shocked by 8 years, such as PetroChina, COSCO, Chinalco and so on.

At present, when the price of a year's line is huge, the price earnings ratio is as high as 100 times and the registration system is coming. We must also guard against the trend of 16 years. It is like the 08 years of the Shanghai stock market. When a large number of small and medium-sized market capitalization stocks will catch up with the bubble market, we can see that the former stock Wang Anshuo information and the all education high jump 62%.

The biggest profit in the market is going too far. The growth of gem refers to the trend of three years. The trend of next year is really not optimistic. After all, 16 years of internal and external troubles will become more obvious.

We believe that, in terms of foreign aggression, the Federal Reserve will increase interest rates for 4 times in 16 years, and the hot money continues to flow from emerging countries, which should not be underestimated. This is a 11 year May low from yesterday's offshore RMB devaluation. We can see that the 16 year registration system is coming down. The bulk IPO will not only dilute the scarcity of small cap stocks, but also substantially reduce the valuation of small and medium capitalization stocks, and the January non reduction ban will be invalid.

However, from the fusing mechanism and the IPO new deal, we can see that the atmosphere of reform is still relatively strong. Even if the market is weak, there is no lack of structural opportunities in the market.

Therefore, in the internal and external troubles, the index refers to the huge increase in recent years, Thursday's crash or means that there is a certain pressure after the theme stocks.

In particular, those stocks with huge gains and high valuations are more vulnerable to being hit by the main players and by the non reduction of size, such as the following four categories of high-risk stocks.