investors can focus on undervalued as well as cyclical

1th page: management of the three main factors determine the future direction or will return to rescue the 2nd page: economic pessimism expect small Bull page 3rd private heated 2,307 points "State of flux" breaking probability page 4th under: before the Chinese new year a-shares no chance the 5th page: 2012 central agricultural science and technology first, or flowers in winter sowingConcerned about 6 large areas of the 6th page: three factors determine the future direction of waiting for the time-window Policy Editor's Note: per cent negative growth in the October Exchange, HSBC PMI index fell sharply, and the initial value of the European debt crisis continued to ferment, a series of negative news under the crackdown, market this week and continued the trend of adjustment last week, huzhi fall of 2,400-point mark. LargeDirectional choices ahead for the time being no way to estimate, but short term or in low volatile. But the current index location close to the management to come to the rescue, management is expected to be the related action. Analysts generally said that the market state of flux, short term market remains weak, lack of popularity, as well as economic recession, increased uncertainty swtor power leveling, moreShadow, market turbulence patterns don't change. ����End of time, investors should keep cool, wait for policy window opens. Introduction to ===== ===== this article "management bailout? ����"Step by step back down to the cliff edge management layer it back and save? "Outlook study" waiting for the time-window policy three factors determine the future trend of optimism: Economic pessimism expecting little bull markets cautious: private heated 2,307 points "State of flux" breaking probability ح Chinese new year under the a-share files with no chance of 2012 Center, first or Laurel winter sowing concern in agricultural science and technology 6 big areas read ===== ===== wonderful step back down to the cliff edge management layer it back and save?Per cent negative growth in the October Exchange, HSBC PMI index fell sharply, and the initial value of the European debt crisis continued to ferment, a series of negative news under the crackdown, market this week and continued the trend of adjustment last week, huzhi fall of 2,400-point mark. After two weeks of decline, the market continued to fall was tested early low of 2,307 points was stopped falling and stabilisation, What to do about the future? ����In response to these problems, an exclusive interview with this reporter, Director of the British Institute of securities chief strategist Zhang gang Li Daxiao, Southwest Securities Research Center and Shenzhen Tai fidelity investment's investment Director Liao Chaozhong. "Gas" insufficient stock index weakening caused by Li Daxiao: European debt problems: the main reason for the a-share market, China to address EuropeDebt problems without the initiative. ����Believe that Europe is capable of solving the problems of European debt, but they are willing to sacrifice some interests to seriously negotiate to resolve the problem, the number is unknown. ����Zhang gang: in this week's market weakness mainly due to the outer disc bad lead to a serious shortage of long on power, but we found that investors for bad news without too much fear. Liao ChaoLoyalty: main and weakening market sentiment about the market this week, sentiment is too weak, investors were too pessimistic to the market. ����But believe that the market has its own laws, after correction for some time, will gradually go. The market temporarily to accurately estimate the direction select Li Daxiao: directional selecting temporarily not able to estimate a future benchmark, but short term or in the low turbulenceThe primary. But the current index location close to the management to come to the rescue, management is expected to be the related action. A stock market valuation factors can determine the valuation has been relatively low, another decline in the CPI and monetary adjustment trimmer is finalized. ����Uncertainties are mainly European debt problems, along with uncertainty about the flight of foreign investment. Zhang gang: The a-share market is likely to dip next week to pick up, investors are more concerned about the reserve, may not be so quick to be adjusted. Deposit rates in addition to the CPI, remains to be seen M2, estimated the Central Bank more observations left will have the appropriate policies could be released after one month. More determining factors are currently on the a-share market central intensify reform, speeding up the economic restructuring. UncertainAlso European debt problems, the key is not in China initiative, and crises of countries involved a lot, is thereby also needs a lot of observation. Liao Chaozhong: market trend in the short term really difficult to say, of MACD early lows are not likely to. Factor is currently shares a comparison to determine valuations low, from a long-term perspective will slowly go. More indeterminate factors, HSBC PMI showsEconomic slowdown cannot determine changes in money supply is not OK. ����As one of the most concerned about whether reserve ratio cut the old republic power leveling, its point hard to say, adjust the deposit reserve ratio is estimated to be early next year. Focus on the consumer and new industries Li Daxiao: investors can focus on undervalued as well as cyclical, as consumer and emerging industries to believe that aOutperform the broader market opportunities. ����At the same time, looking at the "China brand" concept stocks. Zhang gang: Outlook optimistic about the agricultural sector. Inflation in addition to the reduced monetary, need to increase supply, I believe this is a factor favourable agricultural. ����At the same time mechanical industry may outperform the broader market may, because countries to signal growing economy in the West. Liao Chaozhong: For short quotes really hard to say, mostly one-day tour of the market. For cash flow forecasting cannot decide.