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Breaking-News >> TodayHistory On June 6, 2005, the Shanghai Composite Index bottomed out at 998 points
On June 6, 2005 (April 30, 2005 in the lunar calendar), the Shanghai Composite Index bottomed out at 998 points. The Shanghai Composite Index bottomed out at 998 points. June 6, 2005, the Shanghai Composite Index bottomed out at 998 points. After that, after three years, the highest rose to above 6000 points, and under the influence of macro-control and the external market environment, the lowest returned to around 3000 points. After setting 2245 points for the first time in June 2001, the A-share market has gone through a long bear road for four years, and finally ushered in a major turning point after the Shanghai Composite Index hit a historical bottom of 998 points in June 2005. Today, when the Shanghai Composite Index returns to its high point 10 years ago, the stock market will have to undergo at least five years of correction since its 2007 high point before bottoming out. At most, it will take eight years of anti-war against China A shares before they can move into a bull market. It takes ten years to go around. By yesterday's close, the market index was only 3 points short of 2245, a "bull-bear dividing line" formed over the past 10 years. This means that the A-share market has seen zero growth in the past 10 years, and investors 'ten years of hard work have been in vain. This is the main reason why people are not optimistic or even pessimistic about the economic prospects, and lack of market investment confidence. Technically, the current point is pushing back to the bull market high in June 2001. There is a saying that a foot on the head will rise. After pulling back to the bull market high of 2243, the inertia point will stop falling and move upwards. We hope that the current point can step on the bull market high of 2245, stop falling and rebound, and step on the head will rise... It's like 3478 points were lowered to reach the 2009 high of 2402 points and then rebounded. The large-band adjustment says that the point falling from 3478 should be around (3478-1733)=2245 points, and this point is close to the bottom... Wave theory:998-6124 is a wave of rise; 6124-1664 Falling for Erlang;1664-... Rise for three waves.. The current position of the point is 2 out of 3 waves down. 1664 -3478 is 3 waves and 1 up, and 3478-2245 is 3 waves and 2 down. If the decline in 3 Wave 2 is found, it will usher in a surge in 3 Wave 3, and the maximum impact will challenge 5200 points. If the five-year correction can cover the gap, it will take 8 years to correct the gap. Only then can we truly see the bottom, that is, the real market after 2015, which is much more than in 2007. The time cycle cycle chart can also verify this statement. China's economy will become stronger after experiencing this crisis. The financial system will be more stable. By then, the A-share and Shanghai Stock Exchange market will exceed the 10,000-point mark in 2018, and the stock market will move towards glory. News raw data sources → https://www.abtool.cn/today_detail/1l8x.html 17WorldNews[2025.09.14-11:09] 访问:80
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