功虧一簣：Anatomy of Friday Surge

Market had a huge surge on Thursday and Friday. However, the rally failed to break a technical barrier to signal a new bull cycle: a +90% up day on both of price and volume.

As sidelined investors patiently wait for a string of days when a series of panic selling sessions with 90% of down price ＋ volume are followed by a pivotal session with +90% up to both of price & volume. That kind of turn-key will be seen as the bull's real indicator of market bottom.

七月以來當市場經曆了一個又一個“九比一下跌日” 之後， 那個“九比一上漲日”變成了越來越多等待牛市的人們盼望的入市信號。

因為曆史上美股市場的所有牛市，以及許多重大的中期漲勢，都是以一場急劇的買入為開端的，一般都會有“九比一上漲日”為其先聲。

挾政府托市助市之威之力，周四、周五整體而言的確是兩個非常強勢的交易日。遺憾的是，大市仍舊雙雙功虧一簣。。。

熊市暴漲，牛市慢漲，符合人性的特點。如果新的牛市行情僅僅從政策麵得到支撐，那麽進一步的持續推動力又是什麽？如果這新的一波漲勢從一開始就虛弱乏力內勁不足，你又能指望它走多遠？

是福是禍，尤未可知。。。