12 adjustment

The trend in December is actually the word "consolidation". The small partners in the short-term fight, the authorities and fans, shouted "the cow is coming" in the morning and "the cow is gone" in the afternoon. This is really a bit dumbfounding.

The reason for the consolidation in December can be described in eight words, that is, "the good is exhausted, and the bad is digested."

Before December, the macro benefits are nothing more than the following: the first is that the old American continues to print money, the second is that the old American institutions continue to increase their positions, and the third is several emerging tracks, especially NFT and The game track is extremely hot.

At the time of December, these three benefits were basically exhausted. The benefit of printing money has been price in to the current price. Because of their Christmas, the institutions on the old American side began to summarize and plan their holidays at the end of the year, and take a rest in preparation for another battle in the coming year. NFT and the first round of the game track have entered a period of flattening, and need to take a break. Therefore, in December, the market’s good news ceased. This is what I call "exhausting good news."

The bad news in December was indeed tangible, and the biggest bad news was the retreat of a major country. This kind of retiring process will run through the entire December, which will cause some people who don’t worry about being swept out of the game, affecting the entry of newcomers. In the face of such a real and persistent negative, Lao Mei's organization is not stupid. The eight-carriage sedan chair is for the new leeks entering the arena. The leaving leeks are not worth holding a farewell party. Splitting two dollars before leaving is the only correct way for the organization.

So in summary, my personal view is that the market will continue to consolidate throughout December. This kind of consolidation is healthy, about 30 points up and down, laundering chips is more conducive to the future. From the perspective of the disk, large institutions are still increasing warehouses and retail investors are selling; old leeks are increasing warehouses, and new leeks are panicking. Very good, this is very exciting.

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