The A-share market has reached another critical juncture. Every time the CSRC speaks, everyone stares at the screen, for fear of missing a "counterattack drama". This time, the CSRC stated that it was "investor-oriented", which sounds really a bit like protecting the disk. But will this reassure investors? Especially when many listed companies are reducing their holdings under the banner of "capital demand", everyone has not woken up from the dream of confidence recovery, and shareholders have started to run! Reducing holdings is said to require funds, but do you think it's a coincidence? Just smashed a "cold water" at the juncture when everyone was looking forward to the market recovery.
Let's talk about market performance, on the morning of October 16, everything seemed to be calm, Hong Kong stocks were as stable as a mountain, and A-shares also swayed, and it seemed that the dawn of a rebound was faintly emerging. But don't be too happy, in the afternoon, Hong Kong stocks suddenly collapsed, and A-shares were dragged down, which was simply a downward race. The Shanghai Composite Index fell below the 10-day line with a "snap", directly hitting the psychological threshold of 3,200 points. In just a few hours, the market sentiment fell from "Xiaoyangchun" to "cold winter".
From a technical point of view, as soon as the ten-day line is broken, the bull market dream instantly becomes a bubble. According to the analysis of the emotional cycle theory, there may be a little repair in early trading today, after all, you have to rest for a while if you fall too hard, right? But don't expect it to last long, if the repair is not effective, it will continue to fluctuate, and the volume will shrink, and everyone is afraid to take a second look. The stock market is like this, if it falls, it is in a hurry, and when it rises, it does not dare to enter.
But then again, there will always be opportunities in the market. The article mentions that if the trading volume is stable at more than 1.5 trillion, short-term trading opportunities can still be seized. But don't just stare at the hot spot and chase it, and you can't step on it again. After all, at this stage, the market is highly volatile, and the market is the same day by day, and no one can say whether it will rise or fall in the next second. Everyone thinks about a bull market, but the reality is that you have to be patient enough to survive that day.
In the final analysis, whether A-shares can rebound this time depends on two words: confidence. The CSRC's "words" can save the emergency, but the shareholding reduction plan of listed companies is like a time bomb that explodes at any time. Investor sentiment has fallen to the freezing point, and it may be repaired in the short term, but it may not be so easy to get out of the long-term rebound. If the market can't even resist the impulse to reduce its holdings, then the bull market dream of our ordinary investors will have to wait a little longer?
So in the end, I would like to ask: when the shareholders of listed companies are reducing their holdings and cashing out, do you still dare to believe the rebound of the market? What do you think about this?