11月8日之后，港股的多只大蓝筹指标股相继跌破关键位置，首先出现的是阿里巴巴跌破90元的心理关卡，之后是港交所跌破300元，腾讯也一度跌破400元关，恒指又回到过去3年的失落范围中震荡。Jinwu Financial News | The Hang Seng Index ushered in a frenzy upward from 17,300 points on September 11. It was not so much a bull market, but rather fireworks. The colorful smoke was beautiful, but it ended within 1 month.
On October 8, the Hang Seng Index fell back from a high of 23,355 points, predicting that this was not a bull market. The Hang Seng Index stayed above the 0.02 million psychological line of defense. After announcing the 10 trillion legend on November 8, the Hang Seng Index fell below 0.02 million points two days later. The market seemed to officially announce the end of the rise. There was no bull market for Hong Kong stocks. Every rise in the past 3 years was a fireworks scam. Seriously, they lost.
There were two fireworks this year, and the April-May fireworks also ended within a month, and the duration was getting shorter and shorter.
After November 8, many of the major blue-chip indicators of the Hong Kong stock market fell below key positions. First, Alibaba fell below the 90 yuan psychological threshold, then the Hong Kong Stock Exchange fell below 300 yuan. Tencent also fell below the 400 yuan mark at one point, and the Hang Seng Index fluctuated again in the past 3 years.
Over the past two weeks, the fluctuation range was between 19,000 and 1,800 points. In the short term, unless the Hang Seng Index can rise above 1,800 points, it will still fall below 19,000 points. The loss cycle is characterized by randomness and no trend. It rose 443 points on Wednesday (November 27), fell back on Thursday, and randomly increased today. The author believes that the probability of random rise and fall in the future is higher than the emergence of a new trend.
[Author Profile] Option Jack:
A senior full-time trader in the international market, 32 years of practical futures options trading experience in the market.
Former investment agency trader, former senior investment agency analyst.
Former Wealth Management Weekly options column writer and economic one-cycle rights columnist.
A live broadcast guest on several famous financial media including Now Finance Channel, Metro Finance Channel, and Strategy King.
Best-selling books: “30 Years of Panfang Hype” and “How One Day Not to Trade”
