1月6日沪指2132点被称“钻石底”7月26日收盘2126点击破“钻石底”昨日，股民在证券营业部内关注股票行情。 January 6, HuZhi 2132 points to be said“Diamond bottom”July 26, 2126 click on the closed“Diamond bottom”yesterday，People in the securities business attention in stock prices。

　　商报记者 李晶

Business newspaper reporter she

　　重庆商报讯 2124.16点，上证指数周四盘中再创新低，这不仅刷新了年内沪指的低点纪录，同时也创出了自2009年3月17日以来3年多的低点。A股市场究竟底在何方也成为萦绕市场人士心头的头号难题。

Chongqing dispatch 2124.16 points，The Shanghai index plate reached a new low on Thursday，This not only set a record low of HuZhi years，At the same time also created since March 17, 2009 over three years since the low。What the A share market where also become haunted market personage of the heart's problems。

　　沪指昨跌破“钻石底” HuZhi below yesterday“Diamond bottom”

　　昨日沪深股指开盘后保持窄幅震荡走势，上午10点半后沪指一度在有色、煤炭、券商等板块加速拉升下上攻至5日线附近，无奈抛压明显未能破5日线。午后，沪指再度向上突破5日线，但做多动能未能保持，随后地产、券商、水泥等各板块持续下行，尾盘市场出现跳水，沪指一路走低跌破2132“钻石底”一线，并再创近三年半来新低2124.16点。

Shenzhen stock index opened yesterday after defined range bound to keep movements，At half past ten in the morning after HuZhi once in nonferrous、coal、Brokers sectors such as accelerated pull to rise to 5, attack on the nearby line，But obviously the selling pressure to the 5 th line。afternoon，HuZhi breakthrough 5, line up again，But do not keep more kinetic energy，Then the real estate、brokers、Cement and so on various continues to the downside，End dish market plunged，HuZhi dropping below 2132“Diamond bottom”A line，And create nearly three and a half years to low 2124.16 points。

　　截至收盘，沪指下跌10.15点报收2126点，跌幅为0.48%；深成指下跌73.44点报9081.9点，跌幅为0.8%。两市成交963亿，较周三略有放大。两市超七成股票下跌，但仍有9只非ST股票涨停，其中林业、房地产等板块跌幅居前，仅黄金、钢铁等少数板块上涨。

By the closing，HuZhi down 10.15 points at 2126 points，Down 0.48%；Shenzhen composition index fell 73.44 points for 9081.9，Down 0.8%。Two city clinch a deal the 96.3 billion，On Wednesday a slightly enlarged。Two city super seventy percent stock is down，But there are still nine the ST stock harden，Among them the forestry、Real estate sectors such as before the fall，Only gold、A few other steel plate to rise。

　　市场对利好表现麻木 Market performance of positive numbness

　　自周二上证指数跌破年内低点2132点之后，周四股指探低2124点已是一周之内上证指数两创年内新低了。其实，昨日市场还是存在一些利好，如：保监会表示，险资投资股权不动产门槛降低，投资股市上限提高；央行实施500亿7天期逆回购，本周实现净投放460亿。但在经过长期下跌后，市场对利好消息已表现麻木，场内资金也表现出明显的墙头草现象。包括此前证监会表态将继续减少交易成本20%，市场没有给予正面的反应。

Since Tuesday the Shanghai index fell below 2132 points after year low，Stock index low 2124 points Thursday agent is already within a week the Shanghai index and low two years......。In fact，There are still some encouraging market yesterday，if：Insurance regulatory commission said，Risks endowment investment real estate equity lower threshold，The upper limit of investing in the stock market；The central bank force 50 billion 7 days inverse the buyback period，This week a net 46 billion into realization。But after long-term decline，The good news for market have been numb，Field the money also show obvious phenomenon of play。Including the CSRC statement after will continue to reduce transaction costs by 20%，The market has not given the positive reactions。

　　当然，市场对于利好麻木也是事出有因，一系列困扰市场的基本面还没有出现转折性改变。这包括欧债危机还需进一步观察是否恶化；国内经济发展趋缓，货币政策微调后是否见底，需要等到八月公布的七月宏观数据进一步研判；年中经济工作会议决策层是否推出新的救市措施。因此，投资者信心遭受严重损害后还需要慢慢恢复等。

Of course，The market to favorable numb and with good reason，A series of troubled market fundamentals qualitative change has not appeared。This includes the debt crisis further observation is worse；Domestic economic development to slow down，Monetary policy is fine-tuning see bottom，Need to wait until August of macro data further announced in July to analyze；Years economic working conference whether decision-making new measures to save the day。so，Investor confidence after suffering from serious damage to still need to slowly recovering, etc。

　

　支撑破位后重心下移大 Support the gravity after a big move down

　　2132“钻石底”作为比较重要的支撑点，半年以来坚守着A股市场的阶段性底部，现在“钻石底”被破掉意味着市场底部将重新下移。回顾A股历史上两个大底的破位，可从中寻找一些启迪。其中，“777点铁底”在1993年守护沪指长达1年时间，曾经三度不破，但背离基本面的暂时护盘却救不了市场，1994年2月破位后沪指一路阴跌，直到325点才产生大反弹。

2132“Diamond bottom”As more important point，Half A year hold since the A share market staged the bottom，now“Diamond bottom”Be broken down to the bottom would mean that market。A review of the history of the two high-pressure broken bits，Can find some enlightenment。Among them，“777 points of iron”In 1993 HuZhi guard for a year's time，Once the three degrees，But the offerings from basic temporarily but can't save the market，In February 1994 after a break HuZhi Yin fell all the way，Until 325 points to produce big rebound。

　　同样1300点底部在A股市场坚守了近2年半时间，2002月2月、2003年1月、2003年11月、2004月9月曾经四次考验这个支撑，均被市场成功挽救，2004年11月该支撑正式破位，也拉开了A股市场长达1年半时间的调整，最终在998点才止跌。虽然2132“钻石底”和“777点铁底”、1300点底部有区别，但有一点应该比较清楚，就是中长期重要支撑位破位后，重心下移幅度应该比较大。

The same 1300 points in the bottom A share market held on for nearly two and A half years time，On February 2002、January 2003、November 2003、2004 month September had four test this support，All were market success save，In November 2004 the support officially broken bits，Also pulled open A stock market field of one and A half years time of adjustment，Finally in 998 points to reason。Although 2132“Diamond bottom”and“777 points of iron”、1300 points at the bottom are different，But have a bit should is better，Is an important medium and long term support after a break，Move down range should focus more。

　

　下一个窗口或在7月30日 The next window or in 30 July

　　金百灵投资首席分析师秦洪认为，2132昨天被收盘破位，如果三天内无法收上该位置，说明向下突破成功。但2132底部仅形成了半年左右，破位后产生的杀跌空间不一定很大，按照目前大盘M形态计算，2050点左右后可能出现比较明显的止跌回稳信号。不过，由于缺乏成交量杀跌，市场更多可能表现为阴跌局面。

Gold investment analysts QinHong think Braun chief，Yesterday was a closed at 2132 break，If three days can't receive this position，Success that break downward。But only 2132 bottom formed about half a year，After a break from the space does not necessarily big winners，According to the current grail M form calculation，After about 2050 points may appear more obvious reason rose signal。but，Because of the lack of volume winners，The market more may appear Yin down the situation。

　　从时间窗口来说，华讯财经研究报告认为，从大盘2005年至目前的月K线可以发现，在连续出现三连月阴线后基本上都能出现反弹月，按照历史规律判断，若本月再收阴，那么8月月K收红的概率将会大大增加。从短线窗口来看，下一个窗口在7月30日。

From the time for window，HuaXun financial research report says，From the 2005 to the current month K line can be found，There are three months in continuous even Yin line basically could rebounded month，According to the historical judgment，If the Yin again this month，So each of the eight K red probability will increase greatly。From short line window to see，The next window in 30 July。

　　股民反应 People reaction

　　麻木的股民：跌破2132点早在预料之中 Numbness of people：Below 2132 points as early as expected

　　商报记者 李扬帆

Business newspaper reporter LiYangFan

　　在硬挺了整整一周后，沪指昨日的收盘指数终于跌穿了2132点的“钻石底”，然而对此早有心理准备的投资者却对“钻石底”的破灭感到如释重负，部分投资者甚至因此还萌发了“破了就立”的市场憧憬。

In the dull color.gives after a week，HuZhi yesterday's closing index finally fell 2132 points to wear“Diamond bottom”，However are going to be ready for the investors are“Diamond bottom”The bursting of the feel relieved，Some investors even so still germination“Broke made”Market vision。

　　“沪指跌破2132点在自己意料之中，这一事件本身并不值得自己过于慌乱，但凡事要想远一点。”股民袁奕峰说，2132点毕竟支撑了大盘三年多啊，这个关口一丢，就看不到底在哪里了，而且失去这样一个有标志意义的点位，肯定会对市场人气带来惨重打击。

“HuZhi below 2132 points in his surprise，The incident itself is not worth his too flustered，But all things to think a bit further。”People YuanYiFeng said，2132 points after all support the grail: more than three years，This pass a lost，Just don't see the end in where，And like to lose a landmark point，Will certainly bring heavy blow to market popularity。

　　相对于袁先生的忧虑，昨日两点半以后就一直坐在营业部大厅玩手机的股民鲍先生就显得颇为淡定，“当上周三沪指在2132点关口摇摇欲坠的时候，大家就知道2132点守不住了，拖到今天才跌破也不算意外。”鲍先生告诉记者，大盘跌到这个份上，只要是留在场内的散户，十有八九都是“套中人”，唯一区别就是“亏得特别多还是亏得比较多”，正所谓“虱子多了不怕咬”，反正已经“亏起唐家沱”，大盘再跌上100点也无所谓。

Mr. Yuan relative to worry about，Yesterday after sales have been sitting at 2:30 in the hall of the cellphone is Mr. Bao people quite calm，“When HuZhi last Wednesday at 2132 points, pass the crumbling，Everyone will know that 2132 point keep the......，Today was dragged below is not an accident。”Mr. Bao told reporters，Grail fell to the sake，As long as it is in the field of retail，Nine times out of ten“Set of people”，The only difference is that“Luckily much more special or ended up more”，Is the so-called“Lice much not afraid to bite”，It has“Kui up TangGu Tuo”，The fall 100 points on again it does not really matter。

　　不过，在忧虑、麻木的主流情绪背后，也有部分股民从“钻石底”的破灭中看到了希望，QQ股友“pinke”就认为：“跌破2132点也挺好，至少宣泄掉了一部分空头情绪，最怕的就是大盘围绕2132点反复纠缠，上不去也下不来，大盘也无法做出方向选择。俗话说不破不立，虽然现在还不能指望跌破钻石底的大盘立刻就"立"起来，但跌了这么久总会有阶段反弹吧。股民到了这时候再选择离场，意义已经不大，就算要销户，也要等到赚回几成本钱之后再说吧。”

but，Worry is、The mainstream of the numbness behind mood，There are some people from“Diamond bottom”The bursting of the see the hope，QQ strands of friends“pinke”Just think：“Below 2132 points is good too，At least vent off part of the short mood，The most afraid of be around 2132 points repeatedly grail entanglements，Couldn't get on also doesn't go down，Grail also cannot make direction choosing。The common saying say nothing down, nothing up，Although it is below the bottom of the diamond can't expect the grail immediately"made"up，But fell so long will always have stage's rebound。People choose to leave again this time，Significance has not，Even if want to sell a door，Also want to wait until after a few cost money earn back to say again。”

　

　操作攻略 Operation strategy

　　成长性非周期股 Growth of the cycle

　　成钻石底下避险首选 Under into diamonds hedge first choice

　　商报记者 李扬帆

Business newspaper reporter LiYangFan

　　在跌破2132点的“钻石底”后，沪指昨日收于2126点，创出2009年3月以来的新低。业内人士指出，A股市场在短期内难以摆脱弱势整理的格局，但就此完全看空亦不理智，成长性个股的抗风险价值将在近期获得进一步的凸显。

Below 2132 points“Diamond bottom”after，HuZhi yesterday closed at 2126 points，Creating since March 2009 low。Industry insiders point，The A share market in the short term it hard to shake off the weak finishing pattern，But this completely irrational see empty also，Growth stocks risk resistant value will be in recent get further highlight。

　　“虽然大盘指数持续滑落，但沪深两市的实际情况并不像指数显示的那样悲观。”广发证券(000776,股吧)投资顾问王立才认为，近期大盘指数走低主要是受银行、能源等权重板块的拖累，但除权重蓝筹以外的个股活跃度并未受到太大的影响，本周一到周三，每个交易日均有10只以上的非ST股涨停，即便在昨日也有东莞控股(000828,股吧)等9只非ST股涨停，这表明市场多方力量尚未完全放弃抵抗。但另一方面近期大盘一直在前期低点处缩量整理，盘中有过几次上攻，但是应者寥寥，做多的动力严重不足，A股市场仍不具备在短期内企稳的条件。

“Although the grail index last fall，But the actual situation of the shenzhen two city is not as the index showed as pessimistic。”Wide hair negotiable securities(000776,Shares it)Investment advisers WangLiCai think，The recent market index lower main is affected by the bank、Energy of weight plate drag，But in addition to the weight of the blue chip stocks outside active degree are not too big effect，On Monday to Wednesday，Each transaction is only 10 average daily above in the ST strands of harden，Even in yesterday also have the dongguan holdings(000828,Shares it)9 the ST shares only harden，This suggests that the market has not yet completely give up many power resistance。But on the other hand has been the recent market in low point SuLiang finishing，Dish in the attack on a few times，But a response，Do more power seriously insufficient，Still do not have A share market in the short term of stabilising conditions。

　　王立才进一步指出，投资者在市场探底阶段要谨防前期强势板块和个股的补跌现象出现，海南、水利等前期热点品种已在昨日出现大幅回落。建议投资者以10%~20%的资金施行低仓位操作，从众多不确定性中寻找确定性的标的，围绕个股成长性，依据自下而上选股原则，继续配置符合经济结构转型的非银行金融行业、节能环保行业和新三板个股等。

WangLiCai further pointed out，Investors in the market of the early stage of exploration strong plate and stocks fill fell phenomenon to appear，hainan、The hot water varieties drop sharply yesterday has set up a file in there。Advice to investors 10% to 20% of the capital operation and low position，From a number of uncertainties in search for deterministic mark，Around the growth stocks，According to pick a bottom-up principle，Continue to comply with the economic structure transformation of the configuration of non-bank financial industry、Energy conservation and environmental protection industry and new SanBan stocks, etc。

　　华融证券投资顾问李侠也表示，从近期的盘面趋势看，防御性较好的非周期类股票相对抗跌，在上半年上市公司业绩整体下滑下，食品饮料、酒店旅游、医药在经济结构转型的过程中，保持着较稳定业绩增长的非周期类品种更容易得到资金的关注。投资者在具体操作时最好选择此前涨幅有限、估值低于行业整体水平、业绩稳定增长的非周期类成长股。

Wisewin the securities investment consulting LiXia also said，From the perspective of the trend of the recent games，Defensive good non-periodic stocks fell in opposition，In the first half of the overall performance of listed companies under the downturn，Food and beverage、The hotel tourism、Medicine in the economic structure in the process of transformation，Keep a stable growth performance of the cycle species easier to get the attention of funds。Investors in the specific operation had better choose previously or limited、Valuations below industry overall level、Performance of the stable growth of the cycle of growth。