Ci is now lingering at either heading upward to 920 or downside to 907. From the trend it is expected to move upward in coming week. 920 is the nearest resistance to break for 940 target. No matter CI is heading up or tracing back, selective 2nd and 3rd liners may continue performing. During this CNY rally, 2nd and 3rd liners may have better capital gain than blue chips.
As previous forecasted, market is expected to having upside in Jan-Feb 2006. Some did ask us whether it is the start of Super Bull Run. Our analysis shows that it is too early to conclude this statement. On the other hand, if the buying sentiment is persistently increased, no doubt it may induce big players to inject or increase their investment portfolio. Some Economists have started to forecast positive economic projection data for year 2006.
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