Hexun Investment Advisor Li Jiale: Don't Panic During the Chaotic Period—How to Respond?

The index is expected to still test the two-leg feet-on-the-ground expectations. Yesterday’s momentum was kept alive by the warmth coming from overseas, so the index forced a continuation with a bullish opening. And today, of course, it was beaten back to its original form, consistent with the call in yesterday’s live broadcast. So right now, how long will it take before the market bottoms out?

According to Li Jiale, an investment advisor at Hexun, regardless of yesterday’s index surge or today’s index pullback, the overall sentiment across the whole market is actually very poor. The current chaotic period is no longer just rotation between simple themes and themes; it’s a day-trading whiplash with no sense that there are any “real people” on the floor.

So when will a market like this be able to end? Next, Lele will break down the recent market with everyone. First of all, my current advice is still to stay in a defensive phase, but you still need to closely monitor the market. Because this time, the real offensive is expected to come after the index double-bottom is stepped on. After the double-bottom is stepped on, the index will open up a new node—so you need to closely watch when the index is truly going to launch an attack: then what themes will it resonate with.

Here’s a knowledge point. Generally, market nodes roughly fall into three clearly defined types. The first type is what I often mention in my live streams or when I write videos: most people observe the high positions where the consecutive-limit stocks’ higher leadership breaks after hitting a ceiling, and then they go do low-level first boards, or do “one into two.” This is a small node, and it often shows up in the market.

So next, it’s very likely that you’ll soon see the index’s node—that is, based on the current running trajectory of the index, there will be obvious changes. For example, the turning point when the index bottoms out, and the theme expectations that resonate with the index. And generally, once this happens, it’s a relatively large node expectation. This part can be adjusted upward appropriately, and right now the situation is basically about waiting for the index to bottom out, and then when the real incremental demand appears, it gives the turning point.

From the current market picture, today’s market is still continuing to shrink volume—about 1,500 billion in scale—so the difficulty of trading is still very high. And the opportunities ahead should be more focused on the index stopping the decline and stabilizing, so it’s safer.

Judging by the market rhythm right now, the likelihood of a bottoming out next week is fairly high. Slightly more precisely, it’s expected that the bottoming out will occur around next Wednesday or Thursday, so after that you should go observe whether there is capital recognition for a new direction or new things. You can be appropriately more proactive in monitoring. So while the number of trades you can do has been reduced recently, the focus should be on observing unusual movements in the market and finding themes that become active again and again.

As for the market today, it actually started to show cross-rotation competition between power and healthcare. In the afternoon, power staged a rebound, and with the action of Ningbo going up on the board, the funds then went to curb the strength of healthcare. Then healthcare once again strengthened. As healthcare returned, Wanbang also made another new high. You can feel the cadence of fierce competition in the market. Or if it really doesn’t work, you can go take a look at independent directions.

（责任编辑：王刚 HF004）

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