功亏一篑：Anatomy of Friday Surge

Market had a huge surge on Thursday and Friday. However, the rally failed to break a technical barrier to signal a new bull cycle: a +90% up day on both of price and volume.

As sidelined investors patiently wait for a string of days when a series of panic selling sessions with 90% of down price ＋ volume are followed by a pivotal session with +90% up to both of price & volume. That kind of turn-key will be seen as the bull's real indicator of market bottom.

七月以来当市场经历了一个又一个“九比一下跌日” 之后， 那个“九比一上涨日”变成了越来越多等待牛市的人们盼望的入市信号。

因为历史上美股市场的所有牛市，以及许多重大的中期涨势，都是以一场急剧的买入为开端的，一般都会有“九比一上涨日”为其先声。

挟政府托市助市之威之力，周四、周五整体而言的确是两个非常强势的交易日。遗憾的是，大市仍旧双双功亏一篑。。。

熊市暴涨，牛市慢涨，符合人性的特点。如果新的牛市行情仅仅从政策面得到支撑，那么进一步的持续推动力又是什么？如果这新的一波涨势从一开始就虚弱乏力内劲不足，你又能指望它走多远？

是福是祸，尤未可知。。。