Short Air Games Continue To Heat Up, The Overall Decline Is Hard To Say.

< p > the index has been showing a continuous decline since the beginning of December.

During this period, there have been many short-term bounce, but all of them were eventually aborted.

This week once again touches the bottom, a href= "http://www.91se91.com/news/index_cj.asp" > rebounding < /a >, it is only a short-term backfire or a reversal of trend. By studying the characteristics of the index's rebound, we can find that the probability of overall downturns is still not large.

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< p > first look at total position data.

A href= "http://www.91se91.com/news/index_cj.asp" > index > /a > total holding position has become a normal situation in the near future. After breaking through 150 thousand hands for the first time in May 19th, it only went through a short 7 trading days, and the total position was once again exceeded 160 thousand hands in this Wednesday's rally.

The total position in a short period of time has broken the threshold of thousands of hands, and the record high has been rare before.

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< p > the increase in total positions is generally seen as an intensification of the gap between the two sides. If there is a strong side in the game between the two sides, the market will mostly tilt to the side.

For example, at the end of May last year and early June last year, there was a rapid increase in total holdings, with nearly 10000 hands in the short term.

From the main position data, the increased positions mainly come from the rapid force of many empty seats, which also led to the tilt of the air to air game, and the market in June declined.

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< p > > when a href= "http://www.91se91.com/news/index_cj.asp" > /a > game finally wins the game, most of them will be accompanied by one party's defeat and the other party's profit leaving. At this time, the total position will inevitably decline, and the market will start to stabilize or reverse.

In June last year, for example, with the rapid decline of index, the total position was also rapidly reduced. From June 6th last year, the highest 133937 hands have been reduced to 79907 hands of 28 days. The market has finally collected the first positive line of the month, and officially announced that it will stabilize.

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< p > from the perspective of the current index, the total holding position has repeatedly been high, which shows that the short and short game is still intensifying, and no side has made the move.

The main clearance list at a high level shows that the current position structure continues to be empty, and it may be too early to reverse the overall decline.

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< p > see the main position data again.

As of Wednesday, the main seat clearance was 21188 hands, still at an obvious historical high.

But compared to last week's highest 24637 hands, there has been a certain decline, combined with a record high total position, indicating that in this cycle refers to the rebound, multi-party seats also have some initiative to add positions.

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< p > from the specific seats, on Wednesday, more than 500 seats were placed on the main contract, including CITIC Futures (942 hands), Huatai the Great Wall (671 hands) and China International (528 hands). The large number of CITIC futures and Huatai the Great Wall are all the main seats in the empty space, and the final effect of the recent "anti string show" remains to be seen.

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< p > combined with the above analysis, a number of main seats in the long position to boost the market rebounded this week, the current rebound height remains to be seen.

In addition, from the data of total positions, there is still no fundamental change in the structure of the index's bearish position. It is hard to say that the overall downtrend will be reversed in the short term.

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