You only realize the pain after experiencing a big drop.

This is the initial risk warning at the start of the week. That resistance level indeed cannot be broken, and the downward trend after the Two Sessions ended was predictable. It’s just a matter of scale.

This is a continued discussion of the risk.

This is the detailed risk warning from yesterday. The 4141 level yesterday was basically a high point because it coincided with the resistance level. Here, there will be a rapid accumulation of short-selling momentum—it’s just a matter of how much the price drops, not whether it drops.

This is the response after the risk was announced. Almost no one took it seriously, so the risk warning became meaningless because no one would listen. In fact, even the leading stocks no longer want to be pushed up; others are no longer important.

We have always believed that the leading stocks are here, but talking about it is useless. If the leaders have issues, there’s no need to mention others. Yesterday, there were many high-value stocks showing strong buy signals, but all that talk was pointless. People’s emotions are still somewhat excited. Today, we make one last effort.

The opening is a risk warning, then other topics follow. Of course, we’ve said everything that needs to be said. Today’s feedback is that many say the market has been crushed, so there’s nothing we can do. Although we advocate never holding a full or empty position, we still need to pay attention to position control. As stock bloggers, we can’t say everything outright, and the platform wouldn’t allow it either. We try to warn within the rules, but obviously, it’s ineffective. [Taogu Ba]

Actually, I’ve also started to feel that some warnings are no longer worth mentioning. Using profits to trade stocks, or small amounts of spare change—everyone keeps emphasizing position control, but it’s useless. After risk warnings are posted, overall discussions become very quiet. That shows no one likes to bet against the market or control their positions. Yesterday, someone was bullish on Youke, and I told him to go home and learn before coming back to trade, don’t throw money here—I guess he’s not convinced.

Since the market has fallen, it’s good to look for support levels.

If you draw a quick chart now, the key support is not far below. Ideally, if the market hits the support next Monday, there should be a rebound. But how strong that rebound will be depends on weekend news. If it breaks below, then we need to watch the 60-day moving average support, which should be the last barrier. If that fails, the situation will be quite difficult soon. Most likely, it won’t be a big problem.

If there’s a rebound on Monday, first check the attitude of the overall market leader, $Changfei Optical Fiber (sh601869)$. If Changfei Optical Fiber is fine, then see how others perform. I’ve already mentioned Changfei’s attitude—whether it’s the vast ocean or the abyss, trading for profit is the key. Whether it’s right or wrong doesn’t matter much. Then, if Changfei remains alive, the strong stocks in the related telecom sector will be the subsequent leaders to catch up. Today, it should be fairly clear, but let’s digest weekend news first, otherwise it’s hard to be certain.

The new leading stocks to catch up would ideally be the stocks we currently hold. If not, it’s time to switch quickly because next week’s major conferences are influential—especially Huawei’s explosive earnings and Nvidia’s even more impressive results. This indicates that the trend of big tech will be the future direction. So, the related two lines are actually one: the big telecom sector. We should especially pay attention to Huawei’s supply chain and Nvidia’s supply chain. Huawei’s supply chain has been dormant for a long time. Of course, whether stocks rise or fall, the leader must not die—that’s a basic principle. Next week, continue to focus on the big telecom sector, especially 5G, 6G, WiFi 6, wireless transmission, computing chips. Although Nvidia mainly makes gaming chips, without computing power, everything is pointless. So, computing chips are likely to be a hot topic. If there’s a chance for computing power, then the stocks related to it should be aggressively promoted.

That’s all for today. Please like, comment, tip, and urge for more updates. Thanks to @SkyFly’s Floor, @MaoMao66, @MiGuoDuoDuo, @Kkkkkkkk8, and @DidYouDrinkCoffeeToday for tipping and urging.

Keep going. The dull interaction already shows everyone’s attitude. I don’t know if it’s necessary to continue issuing risk warnings in the future, or just keep attacking.