Thoughts at noon on October 12
Yesterday's trend was very strange. The price of the cake seemed to have received independent buying support, and it was slowly pulled up. However, it was also within Xueliang's expectations, which is why Xueliang has always been bullish. However, for the subsequent trend tracking, Xueliang still believes that there will be a wash-out situation, so we have to stop long orders while we are ahead. In addition, the market space at the end of the week is relatively small, so it is not advisable to hold it for a long time.
The technical side is now looking for the turning point. In the face of this independent pull-up, you either have no chance of falling at all, and just keep pulling up. We have seen many such rising behaviors in the early stage, or there is a turning point and a rapid decline at a certain position in the adjustment area. Now, the short momentum column at the daily level has been reduced, but the reduction is not particularly obvious. The length of the positive column of the K-line is also fuller than the continuous decline K-line in the previous few days. So from the K-line, engulfing the continuation of the negative column reversal is a very intuitive performance, but don't try to find trading signals only from the daily MACD. The fast and slow lines are still dead crosses, and the distance after the cross is large. How do you judge the entry point and trading opportunities? It is definitely better to look at the short cycle. What Xueliang wants to express is that there is no chance to fall further, but it just takes some time to persist and verify. Today, the weekend continues to continue to do more, and the target is 64,000.
Pie: 62,000-62,500 more. Target 63,000-64,000
Ether: 2390-2430 more. Target 2500-2600
