Markets Bottom main stock index fell 0.69 percent rebound in the fall of 3000 points ????Today both Shanghai and Shenzhen stock index opened lower stock index opened to 2998.91 points, down 0.15%; Shenzhen Component Index opened to 12,185.93 points, down 0.23%. After the opening run was a low Stock Index opened down vibration pattern of stock index moved down to 2950 points and a line focus, Hong Kong stocks rose led by the morning, stocks opened the afternoon picked up the final V-shaped main stock index reversed approach 3000. ????Until closing, Hu Zhi close at 2982.57 points, down by 0.69%, closing 99.82 billion yuan; Shenzhen Component Index ended at 12,069.21 points, down from 1.18%, closing 62.41 billion yuan. ????Section point of view, financial, futures, stocks, sales of non-ferrous resources; of things, Xinjiang plate, Fujian plate, GEM, Guangxi plate, smart grid and other more active. ????Individual stocks, most stocks continue to adjust, now up more than a few family or home, not including ST stocks, Miki Group, Guanghua century, the Industrial Welfare and other 18 stocks daily limit, no share limit-down. N coast of new shares opened flat, plate suddenly rose to a maximum rose up 31.32%, to close at 22.14 yuan, up 16.53%. ????Ping 860 million by selling shares will be limited to 1 March traded effect, today tumbled by the insurance segment, Ping An intraday limit-down, closing down 8.88%. ????Policy information surface, the more important are the Political Bureau: To improve the level of macro-control to maintain stable and rapid economic development; 11 brokerages have reported margin pilot program; eliminate backward production capacity this year to finalize the task, the upcoming provincial indicators; stock index futures Opening the first day of a little cold, investors wait for a clear correlation rules; the United States and Europe and other markets both down. ????---------------------------------------- ????Main stock index rebounded slightly by the afternoon the fall of 3000 mark of 20.8 points ????Shanghai and Shenzhen stock markets extended losses today, heavyweight group lower, insurance, futures, financial and other sections in the doldrums, China's Ping An sentiment lifted the weight of the stock index recovered some ground in the afternoon rally, the day fell slightly by 0.69%, but still failed to Station on 3000 point barrier. Trend continues today in Shanghai and Shenzhen stock markets slump yesterday stock index that is easily opened fall 3000, by the collapse of China's Ping An, market sentiment once again frustrated stock index has slumped more than 50 points will be half day. Stock out of the wave of the afternoon rally, before settlement by the Hong Kong stock index rebounded strongly to boost stock index declines narrowed, heavyweight mass rally, rising plate significantly increased in the afternoon trend is relatively stable, fluctuations in stock within a narrow range around 2970 points. End closing stock index points reported 2,982.58, down 20.82 points, or 0.69%, turnover of 99.87 billion yuan; Shenzhen Component Index reported 12,069.21 points, down 144.33 points, or 1.18%, turnover of 14.433 billion yuan. Disk perspective, today's overall lower plate, insurance, futures, financial, resources, four plate leading decliners. Despite the narrowing of the afternoon decline, but the volume is still not enlarge to show confidence in market sentiment is still insufficient. China Ping An announcement last night by 859 million shares held by employees will be traded on March 1, the stock price fell today met, cut-off to close at 44.72 yuan, down 8.88% in intraday trading limit-down. Insurance stocks collective frustration, China Life down and 3.14%; China Pacific Insurance 3.35% fall. Futures plate full line of low, despite reports that stock index futures, or will be officially listed on Mar. 22, investors are still waiting to see, the first day of opening popular indifference. China fell 5.52 percent medium-term; Daheng technology or 5.48%; Zhongshan University shares fell 7.31%, 4.63% or high-tech development. Brokerages fell across the board plate, GF Securities failed to extend rally today, the day down 4.14%; Northeast Securities, Changjiang Securities, China Securities decline in gold were over 3%. Afternoon, as the stock rebounded, rising regional concept of plate buck the trend, the west side of lead, Xinjiang, Tibet XNG, paper, online games, power, agriculture and other sections are also more active in the afternoon. Individual stocks, stocks rose gradually increased afternoon, China Wuyi, Miki group, Qingshan Paper and other 17 stocks daily limit, no limit-down stocks. N shore of the session shares rose suddenly, is temporarily suspended, the day the stock rose 16.53%. Analysis said the sharp drop in China's Ping An is to play a role in fueling the monetary tightening triggered by fears of the market's weakness. (China News) ????Main ways to adjust or near the end game? ????Core Tip: Balance long and short side today, news, and more include moderately relaxed monetary policy, central to reiterate, a surge in demand the whole of society; empty European stock markets have dropped slightly, the Politburo said the austerity policy remains unchanged. Difficult broader market higher yesterday in line of weakness 20, after a lower opening today, and accelerate the edge lower, after falling platform to early 2938, however, picked up the afternoon, the final main stock index ended down 20.83 points, again below the 3,000 mark integer. Yesterday the market expected a "good start" deceptive, today's decline is expected to fall in large part a psychological response, while the late recovery is the main opportunity is accumulation? Main market outlook, how will the game? Specific and see below analysis! 1, main effect of information and interpretation of behavior 1, the central reiterated moderately loose monetary policy, to grasp the intensity rhythm; 2 of the Central Political Bureau proposed austerity policy remains unchanged, the central mention the management of inflation expectations, survival rate is still upside potential; 3, National Energy Board released in January of the whole society electricity consumption and other data, in January the National Electricity Consumption growth of 40.14 percent year on year, growth of 2.7%. Information Interpretation: the present stage of asset price bubbles, inflation expectations are not stable management and conflict economic recovery has become increasingly prominent, high-level policy is also very worried about the exit to stimulate recovery has led to the loss can only adopting subtle adjustment measures, while continuing to maintain appropriate loose monetary policy, while the reserve ratio increases, and the means to temporarily hike will not be easily shot. Consumption accelerated growth reflects the rapid recovery of high energy consuming industries, but also to some extent, suggesting the urgency of restructuring. Second, the major behavior analysis 1, Fund: resonance sentiment index 50, main attack Plate: CSI 300, electronics, finance, Short-term behavior: Pupil balance, with the retail game; Long-term behavior: The defense dominated. According to the monitoring of several fund research data shows that in the last week before the stock fund significantly lower positions. Bohai Securities Fund position monitor model, into the statistical range of 290 partial shares of open-end funds last week, the average position was 77.70%, 80.91% over the previous week down 3.21%. In which the average equity fund positions was 81.25%, compared to the previous week down 3.71%; Mixed Fund's average position was 73.21%, down 2.57% over the previous week. Decline in the fund position is on the opposite card index in the year up 2.68% last week, the index fund positions up and down, indicating funds are still in the reduced position by oversold bounce. Reduce the causes of fund positions include: a high-raised funds currently own positions, most funds are still 8.5 percent above position; 2 the central bank has raised the reserve ratio, the Fed raised the discount rate shown substantial stimulus withdrawal had begun, income mobility compact will be trend; Third, the market's structural foam serious, in 2009 more than double the most individual stocks, most stocks have been severely overdrawn subject matter, the market has great structural adjustment requirements; Fourth, increasingly with the launch of stock index futures approaches, we also need to free up some funds in cash positions to the layout of finger protection. Although the Fund are lowering their positions, but they are large-scale shipments of the situation at this stage unlikely, more a moderate position at the same time reduce the convertible notes warehouse layout to meet the CSI 300 blue-chip stock index futures market. 2, hot money, QFII: resonant sentiment indicator 50 main attack Plate: finance, machinery, iron and steel Short-term behavior: Duanchao arbitrage; Long-term behavior: the layout of that market. The dollar index fell slightly during the Spring Festival first then began to rise sharply, and again to refresh the past 8 months to a new high to 81.34 position. Following the Dubai stock market tumbled, Iceland, Greece, the credit crisis, Portugal, Ireland, Italy and Spain, has an atmosphere of paranoia, this market worries about sovereign credit risk, financial market risk aversion warming, promote the global flow of capital, dollar, emerging markets are also affected by heavy blow. Raise the discount rate after the Fed announcement on February 19th, the day Nikkei fell 212 points, or 2.09% to; Hong Kong Hang Seng index plunged 528 points, or 2.59% up. Raise the discount rate measures the United States to promote short-term funds to speed up return of the U.S. market, so in the short term will cause further pressure on emerging markets. However, stock index futures for the upcoming A-share market, do not rule out their dollars back through the global fund that the layout of data secretly under cover of that market. Third, investment opportunities and risks The direction of the summary: Today, news of a balanced long and short, many include moderately relaxed monetary policy, central to reiterate, a surge in demand the whole of society; empty European stock markets have dropped slightly, the Politburo said the austerity policy remains unchanged. Difficult broader market higher yesterday in line 20, after fatigue, a lower opening today, and test a low speed, after falling into the early 2938 Platform, but picked up the afternoon, the final main stock index was down 20.83 points, again below the 3,000 mark integer. Article in this column yesterday, "good start" that is expected to fall of main plot is probably today's opening speed test a low pressure in the main plus a large extent the market is expected to fall as a psychological reaction, to join in the majority of investors to sell when the main force began low capital accumulation, which is why heavy volume climbed, because there the afternoon. After two months of adjustment, the current financial position should be at the main stage of the restructuring of the end, post more important question is how low accumulation, although the accumulation stage of their repeated the broader market is inevitable, but long-term has been need to worry about a greater decline. (Guangzhou Bandung) ????How to wait and see attitude with the market in March it? ????Today, the common market in the periphery and domestic troubles, the produced signs of fatigue, Fortunately, in oversold stocks gradually expand the value of self-expression, but the subject matter of the fire remains to be seen whether the prairie, and from the disk observations, and from hot spot analysis, the concept of plate today, the overall strong regional revitalization, Tibet, Xinjiang, Fujian, Chongqing, rose four regions ranked list of the first plate; therefore the regional theme in March is still among the key focus of many research and analysis, obtain short-term gains, I would be very easy to highlight the fighter in the shock market price. Market will regain active level and the steps along the Currently support strong economic growth trend is likely to promote the valuation reflected in the market as soon as possible during the operation, 3,000 refused or near the shock strength should be considered as endogenous is poised to meet this trend in coming. In addition, we judge market trends assumption is also made no change: the market is still expected in 2010, 2011, the performance growth of 30%, 20% or more, in January enhanced export growth will continue to rise expectation of RMB appreciation . Positive factors in the future the market will inevitably lead to the emergence of negative factors and emotional repression, the comparison with the shift in investor behavior will make a positive change, then the market warming. March's "two sessions" may be further confirmed that the Government policy to extend the economic cycle, increase sustainability of economic growth targets, rather than a control monetary liquidity and inflation, which exceeded market expectations, market confidence is restored. In addition, European countries became sovereign debt crisis hanging over global investors head Damolisi sword, but with the panic of the vent and the euro-zone governments together to resolve sovereign debt problems, the sword may be in the six months to a was removed the year. In March, with the margin trading, stock index futures introduction of innovative products such as surface, the market would regain active trading market along class and on stage. View large investment institutions reflect how the meaning changes? View of the current situation at home and abroad, we also summarize the major investment banks, institutions determine the prospects of macroeconomic and policy were adjusted report. As the strong recovery in the U.S. and other economies, we will China 2010 GDP growth revised upward to 10%, and that GDP growth will be in the first half of more than 10% range. To overheating in the economy, while inflation-than-expected rise will occur, we will mean by 2010 from 2.5% CPI rise 3.3%, but does not exclude the CPI forecast to continue with the possibility raised. For additional information, we also see a lot in the recent amendments to the views of brokers report late last year. For the United States, although we think that the U.S. unemployment rate dropped to a trend line to the second half of 2010 to appear, so the time needed the Federal Reserve raising interest rates until late 2010, but with strong U.S. economic recovery, particularly in the manufacturing industry Inventory investment to succeed and then become the new driving force for economic recovery, the Fed rate hike expectations in advance are also continuing to strengthen. In the January 27 vote in the FOMC interest rate meeting, the members have cast a negative vote, reflecting the Federal Reserve on whether to maintain a low interest rate differences have emerged. Macroeconomic policies from the Chinese practice of the past experience, the central bank raise interest rates by inflation and the impact of U.S. rate hikes are not too large, and influenced by domestic economic growth. We believe that the real interest rate increase is triggered by an overheated economy, economic growth is more than 10% of the hot zone. Based on our current economic situation to judge, we think that the tightening cycle will start earlier, at present the most likely time window late in April. And if interest rates during the first half cash, the deposit reserve ratio will be taken up once a quarter the frequency. The main factors over the expected future comes from exports and prices change. If the exports continued to recover, driven hot money inflows and inflation, then the economy will increase the risk of overheating, policy control will be more advanced. What the market is now in the foundation? Current market value of investment into the range of valuations, the market under the policy silent on the existence of rebound opportunities. From the internal environment, the rapid increase in prices in December with chance factors, we judge the 2010 CPI increase of about 3%, still moderate control. Meanwhile, the recent euro-zone economy out of crisis caused by the external policy of slow progress, the formation of external constraints, the Chinese monetary policy can not be "one step." January essence of monetary policy is still based out of "correction" and "hedging" the main, not the real sense of austerity, the policy out of the market overreacted to the next stage of the policy may dilute the period. We estimate that a quarter of new credit will reach 2.5-3 trillion yuan, far less than 2 trillion better than market expectations. Liquidity from the market point of view, we believe that supply and demand of funds within the next couple of months the trend will change for the better. IPOs within the next couple of months will be a marked change, IPO amount, the issue price will be decreased, the scale of 2,3 month financing is expected to IPO decreased by 30% compared to the previous two months, on the secondary market will significantly weaken the role of financial triage. Meanwhile, the partial stock funds position has changed from a high point by the end of December fell 5 percent, capital maneuvers space increases with offensive terms. Significantly ease the supply and demand of funds will help the market up. In short: Since the tape has been successfully entered in February to build a small form W-bottom, along with the recent amplification began to choose a moderate volume breakout. Index index analysis with the band split, as long as the tape running above the central axis 3004, the market outlook index is expected to maintain upward shock pattern, or further order shocks are required, but still stocks on the major opportunities, especially in some regions on the performance of plate more concrete and hot.