There is still room for growth in the short term

Rich Securities Zhangzhihao Future resistance: 20000 in China resources stocks, shipping stocks and coal stocks led by the Hang Seng index rose 3 trading days, 3rd the cumulative rise of 1061 points, the Hang Seng index in Friday closed to 18,600 points. Summing up the whole week, the HSI rose 680 points or 4%. State-owned Enterprises index, the whole week rose 528 points or 5%. Some surveys have recorded a total of 2 billion yuan in the past week, the most hot money flow since the March big city. Today, the term of the settlement, plus the fund half a year, after the fund manager whitewash the big city real risk of vomiting.　　Many major companies have said that at this stage, Hong Kong stocks have begun to be expensive and the market is not a good opportunity. The mainland news that June new loans will be as high as 1.2 trillion yuan, will become the first half of 09 month, the third highest. The bank said it would continue to maintain a moderately loose monetary policy, believing that new loans would not be significantly reduced in the second half.　　However, the CBRC said earlier that it would closely monitor the flow of loans and that SASAC would also proactively examine or influence the investment climate. UBS issued a report to increase the target price of China Southern Vehicle (1766.HK) to 5.65 Yuan, and still have 26% appreciation potential.　　UBS reckons South will continue to receive a large number of new orders for railway units, which are expected to continue to grow this year as new orders are enough to offset the impact of declining industry revenues. Hong Kong stocks remain strong, as I expect the market to continue to rebound on the eve of the settlement, today, I believe that Hong Kong stocks can still challenge high levels before and after the settlement, I believe the situation can be sustained until early July. Holding the stock of investors may wish to continue to hold, but the investors do not have the stock market risk must increase at this stage, may wish to patiently wait for the big city callback party into the market. The big City one but down support bit will not be on the 50 day line, while the 250 day line near 16,600 points.