30th line is now point too close operability is unlikely. However

This week's a-shares continued weaker fall pattern last week, Shanghai stock index down 1.5%, down 1.39% in Shenzhen market hotspots scattered turnover has shrunk dramatically. Investors raise one's head and look to look forward to rally further, in a tough economic backdrop but who died at home and abroad, a succession of Yin rebound fell engulfed most of the results. For this reason, IIs important to understand the present overall global economic environment, as well as the subsequent evolution of direction, this study is of great significance for middle route of the market trends. 　　2008 years more the current domestic and international situation, the crisis level of magnitude. Look at the European debt crisis. On Wednesday the old republic power leveling, the euro fell to a 6-week low against the dollar, US dollar against all 16 major rival currenciesRose; Germany did not finish up to 6 billion euros in sales target of 10-year Treasury bond bidding scheme, so as to enable the investor to Germany Treasury bonds risk aversion in the regional debt crisis cast doubt on the status, Germany Treasury bond yields reached an average of 1.98%. Germany plays an important role in the eurozone, according to their economic growth will slow next year. Other requests for assistanceThe trend of national economic situation has further deteriorated. European debt crisis solution is more complex, because it is in many countries of the Union, did not like the United States is the single national crisis, the Government can take quick measures. At present, the States to their own interests, often missing the best rescue time. We believe that the final settlement would be protracted and that European debt problems, as the crisisThe deepening of China's exports to Europe will be a hit. HSBC announced this week in November in China manufacturing purchasing managers ' index (PMI) initial value for 48 in October, representing a value of 51 down 3 points, hit a 32-month low. Index of index of new orders and output growth trend of the uniform changed in October, further into shrinking manufacturing sector activities. In addition, Input price index dropped sharply to 43.2 continuing decline last month, inflationary pressures in the late show would be further eased. 　　Exchange account for negative growth also led to liquidity tends to tension. In our view, this tied to tighten monetary policy this year, the downturn in China specifically, are at risk of a hard landing, Foreign Exchange account for negative growth. This backgroundXia, whoever you want end it. Current state of the economy for the directed easing of monetary policy to fine-tune the central banks providing operability. Investors still need to wait for the policy shift. 　　The central economic work Conference, "growth" might be on the agenda, which the investors have a vision about the relaxation of monetary policy. The market itself, biggest ills is continuingScalability. 　　Fortunately, the authorities have been aware of this problem, and started taking measures to support the long-term and healthy development of the market. In the context of being beset, shares trend reflects such pessimism. 　　From a technical analysis perspective, the following three points of concern. First, long-period two months since the line from 3,478 rendered wave adjustment form, high and low pointsMove down. 　　Rebound this month subject to May line (currently May line at 2,500 points), long term averages all are arranged in short, means that the market rebound height is limited, thereby further probe into low requirement of seeking support. Secondly, from the fall follows that first wave 3,361 points to 2,319 points fall is 31% star wars the old republic power leveling, simple contour projection, since from 3,067 pointsAdjust the low point is still likely to breakdown. 　　5 since it is also consistent with 3,067 points drop in complete form, then could only be a contour levels rebound. Third, short-term resistance fall rally in little space, die forks again on the 30th line 10th line, short-term averages are also arranged into short, 30th line is now point too close operability is unlikely. However, due toWeight unit has taken the lead in adjusting, Outlook index fell back space is not significant. Investors need to guard against is the high price and lack of performance supporting small and medium-sized market capitalisation of a shares. 　　These stocks have strong value requirements, usually his last fall was the worst. Overall, in the case of market weakness without reversing, position control is crucial, investors need to be patientFor the policy shift after the end of the market to come.