Hexun Investment Advisor Zhang Haodi: Electric Fan Market, Technology Widely Diverges

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On March 12, according to Zhang Haodi, a Huaxun Investment Advisor, the fan-shaped pattern from yesterday afternoon through today was characterized by low volume after the close. Overall, the ChiNext Index mostly opened lower and declined further, only beginning to show some slight recovery in the afternoon. In the afternoon, our electric power sector showed the strongest overall correlation and coordination, while other sectors mostly maintained a fan-shaped pattern. As mentioned before, the index level is very critical. Today, electric power has already started to flow back, and tomorrow it will be the turn of technology and other sectors. This morning, many friends chasing high in fiber optics and optical communications got stuck. In the current market environment, chasing highs is definitely not advisable; the only strategy is to buy on dips.

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