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a stock to the bottom of the Guotai Junan strategy report
The trend is fundamentally unpredictable, but based on the technical trend and the fundamentals of the economy can be unpredictable. The global economy is facing a lot of growth pressure, and the domestic economy is not going to be substantially better in 2016. And stocks, as a barometer of the economy, certainly will not be supported by good economic fundamentals. In addition, the national monetary policy on the stock market is also a great impact, the country is now vigorously pursue supply-side reform, of course, will take a prudent monetary policy, will not flood, interest rate cuts and quota reduction efforts have declined.

From the A-share technical trend, now also did not get to the bottom of the table, the plunge in January 2016, all the support levels were effectively broken, above the condor disk is huge, changing hands is not sufficiently difficult to have a big as. In addition, investor confidence has been seriously damaged, as can be seen from the trading volume, the field of funds hedge mainly, the field of funds fast in and out, either to wait and see.

In summary, the A-share either time for space, in this position sideways oscillations, full change of hands; or fall through the current position, again looking for the bottom. The chances of finding the bottom again are much higher.