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There's a pattern among seasoned energy traders: when oil prices approach $95-100, the U.S. rhetoric of easing intensifies, and market expectations for intervention heat up.

Oil prices are inversely proportional to market stability and the sustainability of tech themes. Only when oil prices are under control will off-market funds flow back.

Based on this pattern, it's anticipated that above $100, there will be expectations of easing. Combined with today's deep correction, there is a slight expectation for market recovery tomorrow, but don't get your hopes up too high—after all, tomorrow is Friday, and funds on the sidelines won't enter the market in a big way.

Haha, that's a keen observation, quite interesting.

LongPort - 点金胜手
点金胜手

Volume contraction adjustment!!

$Shanghai Composite Index sh000001$ The market's adjustment today was entirely within expectations, not surprising at all. After two consecutive days of strong recovery, coupled with the climax in the power sector yesterday, today itself was a window for profit-taking by bottom-fishing funds. The adjustment also led to a simultaneous weakening of short-term sentiment: the consecutive board limit-up rate dropped from 27% yesterday to 13%, with nearly 4500 stocks declining and 13 hitting the lower limit. As mentioned yesterday, with selling pressure above and external uncertainties, it's difficult for the market to reach its goal in one step at this level. Although it's a healthy adjustment, the market remains a game of existing capital, with no incremental funds entering. The structure of volatile bottom-grinding will continue. To judge whether the market can stabilize...

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