Hexun Information Su Ligang: What do you think about the hundred-point long rally?

Today, this 100-point long bullish candle is really uplifting. The market that we’ve been suppressing for a long time has finally, under the boost of news catalysts today, vented its energy.

According to a statement from Su Ligang of Hexun, at this critical moment, Old Su wants to remind everyone: at this moment, we need to stay calm. Don’t forget that what we’re bullish on in the future is the outlook of a larger wave 5 rally. It’s not about this point in time. Even though today is a 100-point long bullish day, we can look at it from the perspective of index structure: our second target, 4002, hasn’t been reached yet. Once we reach 4002, the market will face further tests. For example, today we saw a big bullish line with increased volume—tomorrow, whether the volume can continue to expand is still a question, still a test. Also, when we observe another intraday detail, I remind everyone to stay calm—this isn’t me trying to call for a bearish stance, and it’s not pessimism. Because for the big-picture direction, everyone is clear: in the future, we are firmly bullish. And our overall rhythm is that in April we should always be ready, a state of being prepared to get to work at any time. So why do we need to prompt everyone to stay calm today?

Because today’s rally in the market makes it easy for many people to lose themselves, lose their sense of direction, and feel like, “We’re back in business.” But we need to be clear that today’s market rise has one reason: the boost from external news—this kind of effect can’t match the impact brought by internal factors. Although the candlestick today is valid, I still believe this type of candlestick lacks an offensive character. Let’s look at one market detail: today, many products are in an oversold structure. The first day’s rebound with a multiple-volume bullish candle does not have the continuity of an aggressive comeback signal. Actually, on the contrary, what we’ve been telling everyone all last week—what? The “computing power data centers.” They actually have continuity, but they only represent a localized lead-leader effect. So to be clear about our stance, at this position we still need to give the market more time and add more patience, because the market still can’t rule out that this position will see repeated fluctuations day after day. But no matter how it repeats, one thing must be established: today’s candlestick strengthens our confidence that the market will continue to be bullish in the future, greatly boosting that confidence. So we have even less reason to look bearish on the market ahead. Next, we’ll be ready at all times, ready to get to work at any time. The timing remains unchanged: we patiently wait for the April earnings window period—around mid-April, we’ll wait and see.

(Edited by: Shao Xiaohui)

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