Index below eight-through-rail Citi report bucking the trend

The Hang Seng index fell more than 307 points yesterday, close to 17,776 points, creating a "big city four even fall, fall through eight, fall through the track" of the poor technology trend, once fell through the March 9 since the rise of the track, but also once lost "small double top" neck line. As for the previous 4-day slump, it was March 3, when the Hang Seng index, which had fallen by 7% in 4 days, fell even deeper than this time.　　The only "good news" yesterday may be that the amount of short selling has fallen after the 5th, but it is still over 50%. Large and decent goods big city fear Dried Securities chief executive Shen pointed out that the index at 17,800 points is the key, once the fall, will enter a new round of the waves. He said that the big city even fell 4th, the rebound is not surprising today, but the market is weak, investors beware of the rebound may be completed, at 18,000 points met resistance, the end of the city again fell back to low.　　Throughout yesterday's 17,776 point, is the lowest in the month, the technical city will go down, down to the 250-day line (16,700 points) to support, and the fall of the 250-day line also has a great opportunity. Shen analysis of the adjustment, that the main reason is the earlier big city "Fried", in addition, the flow of capital is also a major cause, as the U.S. debt to auction, the dollar is being held up, in the U.S. dollar, the global stock market and gold prices have seen pressure.　　As a matter of fact, he also saw that the big spenders had signs of delivery the characteristics of the pie is the "lower" the market, but the daily decline of only about 1% to 2%, gradually the big city "dried", lethality than the "big dive" type of decline in fact comparable more let, he expected the delivery period of about 4-6 weeks. Citi report against the trend but according to Hong Kong media reports, the city's technical trends, although very poor, the market confidence is still in the view that the current large municipal profit back to set the pattern, do not rule out the end of the six-month knot, the large again into the goods window. Citi issued a report yesterday that Hong Kong had replaced Taiwan as the "buy first training" and was particularly bullish on bank shares, and that the present value was still reasonable and the market sentiment was too pessimistic. But there are also analysts who mean that if the city continues to go down, there is an opportunity to identify the city or enter a more significant adjustment period.