Hello everyone, I'm Lao Li.
Today's market decline, has been tracking the old Li article friends psychology should have expected, in yesterday's re-opening article lao Li has made it clear that the market has a correction in demand, so today's decline is completely within our expectations.
Today as scheduled correction, the afternoon chips have obvious signs of flight, the main reason is that the index from the low point of rapid rise, in the short term accumulated a large number of profit-taking, coupled with yesterday also said that the current overall market trend has not to reverse the structure, this year Hong Kong investors have been losing money, worried about the market's weak profits in the loss back small differences are understandable, there is a possibility that there is a Central Bank meeting minutes, may be early speculation, leading to short-term volatility, this week's profit is also understandable.
Technical level index is close to the upward channel pressure to fall back, below the support 23800 near next Monday if the back pedal can not be low suction, waiting for the index out of the small N-shaped upward structure.