兩邊開倉

連續狂升了一個小時另四個交易天後(去周五尾市計起)，港股是日變成窄幅上落(比對近日動輒數百點波動計)，雖乏力再上、卻未見回下，在一口氣升了三千多點的基礎下，表現已經算相當堅挺。

是日至三時正大市成交額僅550億，最後一小時則增長了282億，期間恆指升了190點、國指升了216點，反映大戶入貨重心仍在後者，同時間「恆/國指比率」已經從去周五185.3%，大幅揚升至貼近七月中所創下高(低)位，這當然是拜資金自由行新政策所賜，也毫無疑問大勢將持續下去。

還可一提是周內非指數類股票，成交額所佔比例一直低於兩成，足比五月份鑊鏟股當旺時，縮減了超過一半，看來小散戶於這次巨幅升浪中，得益應該十分有限。

下周四期指計算，從交投數量與未平倉合約所見，轉倉活動尚未展開，究竟屆時淡友會作背水一戰，抑或好友繼續趕盡殺絕，並非你我所能預見。假使無興趣估方向，卻認定依然會出現大波動，也不妨考慮兩邊開倉，蓋近期大市郁一千幾百點係等閒事，同時渣沽有權輸小贏大，不過此策略僅適合夠貼市兼對市場變化有敏感觸覺者參與，因為掌握開、拆倉時機對勝負影響深遠，駕馭得不理想時，隨時會演變成左一巴右一巴。

日．．．恆／國．．．．．．．．與平均比率差距．．．．．．．．
期．．．指比率．5MA．． 10MA (+-%)．．20MA (+-%)．．50MA (+-%)
06/01/27 250.96% 253.24% 257.03%(-2.36%) 264.61%(-5.16%) 280.84%(-10.6%)
06/02/28 244.67% 239.28% 239.83%( 2.02%) 241.85%( 1.17%) 259.92%(-5.87%)
06/03/31 235.76% 236.91% 239.36%(-1.50%) 242.92%(-2.95%) 244.09%(-3.41%)
06/04/28 243.76% 241.71% 239.31%( 1.86%) 238.59%( 2.17%) 240.95%( 1.17%)
06/05/30 237.90% 237.68% 235.64%( 0.96%) 235.01%( 1.23%) 237.86%( 0.01%)
06/06/30 239.77% 243.60% 248.77%(-3.61%) 248.32%(-3.44%) 241.25%(-0.61%)
06/07/31 248.50% 247.22% 245.71%( 1.14%) 243.96%( 1.86%) 244.63%( 1.58%)
06/08/31 252.72% 248.54% 247.19%( 2.24%) 247.12%( 2.26%) 245.66%( 2.87%)
06/09/29 247.18% 247.50% 247.89%(-0.29%) 247.84%(-0.27%) 247.68%(-0.20%)
06/10/31 244.84% 243.69% 243.01%( 0.75%) 245.41%(-0.24%) 246.84%(-0.81%)
06/11/30 221.85% 224.86% 225.89%(-1.79%) 232.25%(-4.48%) 240.49%(-7.75%)
06/12/29 193.08% 196.42% 202.78%(-4.79%) 210.04%(-8.07%) 226.0%(-14.57%)
07/01/31 209.39% 209.48% 208.09%( 0.62%) 204.13%( 2.58%) 209.41%(-0.01%)
07/02/28 211.68% 209.01% 208.07%( 1.73%) 209.50%( 1.04%) 205.25%( 3.13%)
07/03/30 205.91% 206.29% 207.60%(-0.81%) 209.13%(-1.54%) 209.31%(-1.63%)
07/04/30 202.48% 201.80% 201.58%( 0.45%) 202.55%(-0.03%) 206.66%(-2.02%)
07/05/31 192.14% 193.12% 192.57%(-0.23%) 194.69%(-1.31%) 200.41%(-4.13%)
07/06/29 181.42% 181.97% 181.71%(-0.16%) 185.35%(-2.12%) 192.39%(-5.70%)
07/07/31 173.49% 174.14% 175.45%(-1.12%) 175.58%(-1.19%) 182.62%(-5.00%)
．．．．．．．．．．．．．．．．．．．．．．．．．．．．．．．
07/08/01 174.81% 174.24% 175.08%(-0.15%) 175.41%(-0.34%) 182.27%(-4.09%)
07/08/02 176.60% 174.80% 174.88%( 0.98%) 175.40%( 0.68%) 181.95%(-2.94%)
07/08/03 176.36% 175.15% 174.80%( 0.89%) 175.33%( 0.59%) 181.64%(-2.90%)
07/08/06 178.83% 176.02% 175.14%( 2.10%) 175.52%( 1.89%) 181.39%(-1.41%)
07/08/07 180.57% 177.43% 175.79%( 2.72%) 175.89%( 2.66%) 181.14%(-0.32%)
07/08/08 178.49% 178.17% 176.20%( 1.30%) 176.12%( 1.34%) 180.86%(-1.31%)
07/08/09 176.98% 178.25% 176.52%( 0.26%) 176.22%( 0.43%) 180.54%(-1.97%)
07/08/10 177.52% 178.48% 176.82%( 0.40%) 176.35%( 0.67%) 180.19%(-1.48%)
07/08/13 177.46% 178.21% 177.11%( 0.20%) 176.42%( 0.59%) 179.90%(-1.35%)
07/08/14 177.50% 177.59% 177.51%(-0.01%) 176.48%( 0.58%) 179.66%(-1.20%)
07/08/15 178.29% 177.55% 177.86%( 0.24%) 176.47%( 1.03%) 179.43%(-0.63%)
07/08/16 181.95% 178.55% 178.40%( 1.99%) 176.64%( 3.01%) 179.28%( 1.49%)
07/08/17 185.30% 180.10% 179.29%( 3.35%) 177.05%( 4.66%) 179.21%( 3.39%)
07/08/20 180.51% 180.71% 179.46%( 0.59%) 177.30%( 1.81%) 179.03%( 0.83%)
07/08/21 176.54% 180.52% 179.05%(-1.41%) 177.42%(-0.50%) 178.77%(-1.25%)
07/08/22 175.85% 180.03% 178.79%(-1.65%) 177.50%(-0.93%) 178.51%(-1.49%)
07/08/23 175.50% 178.74% 178.64%(-1.76%) 177.58%(-1.17%) 178.23%(-1.54%)
07/08/24 173.94% 176.47% 178.28%(-2.44%) 177.55%(-2.03%) 177.94%(-2.25%)