Hexun Investment Advisor Gao Luming: Rally Countdown Underway, Coming Soon

On March 23, Hexun Investment Advisor Gao Luming stated that over a hundred stocks hit their daily limit down, and the three major indices plunged with increased volume. The market experienced a fierce sell-off, but friends, don’t panic. The rebound is already in countdown and will arrive soon.

From the market perspective, the situation largely aligns with early morning predictions. Due to significant declines in overseas markets and tense geopolitical tensions, the market opened sharply lower and then plunged, with all three major indices closing with large bearish candles, each dropping more than 3%. However, rebound signals are gradually accumulating. On one hand, after the market opened sharply lower, trading volume surged, with the largest volume exceeding 120 billion and increasing to over 140 billion by close, indicating that some funds couldn’t withstand the pressure and sold off, resulting in bloodied chips. In the market, panic selling and bloodied chips often signal that a rebound is approaching, serving as early warning signs.

On the other hand, funds started entering the market this afternoon. During the afternoon, the market once fell more than 150 points. Around 1:30, the MACD showed continuous bullish divergence at the bottom, indicating that some funds had entered early to buy the dip. This is an important signal that a rebound is brewing, although the market trend has not yet fully reversed. Still, it suggests that a rebound is very close.

Additionally, today’s market decline created a gap, which is a sign of accelerated bottoming out and an important early indicator that the market is near its low point. This gap is a common type and will inevitably be filled later, further indicating that a rebound is imminent. Moreover, the index has fallen to a key long-term support line—the 250-day moving average (around 3728 points), which is a strong support level.

Overall, although the market remains weak, a rebound is just around the corner, even entering countdown mode. So, how should investors respond? Should they start bottom-fishing early? What should friends who are trapped do?

First, since March 3, when I first emphasized the formation of a market top signal, I advised everyone to control their positions. On March 13, I again reminded to keep positions at moderate or light levels. We have already taken measures to manage risk. Last week, I kept urging everyone not to rush into bottom-fishing. Today, with a significant decline, we are prepared and waiting for a clear sign of stabilization before entering to buy the dip. This wait shouldn’t be too long—probably within this week.

Second, if you are deeply trapped, it’s advisable to be patient and wait. You’ve already missed the best two selling points, so there’s no need to cut losses now. Once the market confirms the bottom and signals a reversal, it will be a good opportunity to add positions, and I will remind everyone during live broadcasts.

Additionally, if you are heavily trapped and lack funds to add, don’t worry. Be patient and wait for the market rebound. After the rebound, there will be high points to sell, and once the market stabilizes again, it will be an opportunity to recover losses. So, friends, don’t panic—rebounds are getting closer.

(Chief Editor: Cui Chen HX015)

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