He Xun Investment Advisor Qi Junqiang: The market experienced a significant decline on Friday with increased volume. The probability of hitting bottom next week is very high.

On March 21, Hexun Investment Advisor Qi Junqiang stated that the market experienced a volume-driven decline on Friday, and many people are asking whether the market is going to crash or fail. He clearly expressed that there is a 90% chance the market will hit a bottom next week. Previously, he emphasized that during a volume-contraction and downward shadow decline, it’s impossible to find a bottom. Only when there is increased volume, panic selling, and weak hands being shaken out—allowing the main players to acquire cheap chips—can the market bottom be confirmed. Therefore, he is somewhat excited about today’s decline because the probability of a bottom next week is high. Currently, the Nine Transformation Sequence has reached the sixth stage; generally, by the ninth stage, the bottom can be confirmed. So, the first three days of next week are likely to see a bottom.

(Chief Editor: Cui Chen HX015)

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