late departure of short is relatively obvious. Phase of arbitrage

⊙ Haitong futures Institute Wang Juan 0 edit Liang Wei IF1112 high low open, in early trading on increased cartridge rushed to 26,201 line, opened quickly after falling in the afternoon, around the settlement price 2588.6 narrow shock on Wednesday, late departure of short is relatively obvious. Phase of arbitrage, IF1112 throughout the day in a State of litres of water daily average premium ranges from 0.25%. Bulls are relatively slightly in early trading rational, prices lower late refers to litres of water at days highs. 9:43, Dari in the lowest point in the period 2568.4, litres of water is relatively at days highs, is 0.36%. Rapid drop from the peak afternoon period, litres of water are also fast convergence. Bulls appeared cautious. Late period pricePicks up the old republic power leveling, liters of water is not high, still caution.　　IF1201 litres of water a day in 0.45%, there is not much change in the previous session. China's November manufacturing purchasing managers ' index (PMI at HSBC) initial value is 48, down from last month, the final value of 51, creates the 32-month low, indicating that China's manufacturing activity slowing down again. AlthoughFour economic slide has been market consensus, but there is no strong evidence to convince investors that must have been a soft landing. This is also a major stock market decline repression factor. The external market, on Wednesday, Germany auction Treasury bonds market demands indifferent, cost of insuring the European government bond climbed to an all-time high, it was concerned about eurozone debt crisis is worsening。 US stocks and commodity movements are weak in the near future. By the end of the debt crisis is one of the risks. Maintain views before swtor power leveling, policy and funding the worst is over, so we think that Shanghai 2,300 points, the CSI 300 is a medium-term probabilities at the bottom of 2,500 points larger. Events from the first two rounds of such a downturn after the performance, the bottom area of anti-Projectile height should not be too optimistic. Index of core fluctuation interval we consider to be 2,350-2,550 points. Therefore we call this period of time the region repeatedly at the bottom. Lower high yesterday, 5th above average pressures become more audible. Is still possible in the short term shocks to around 2,600 points up and down 20 points. Judging from the positions on Wednesday, a short main jiancang relativelyAs an active, top 20 mainstay clearance holdings declined. Slightly increased bunker 50 hands yesterday. Operations, close to the weekend, risk aversion, or dominant. Short-term trading or wait for the time being. IF1112 pressure over 2,620 points, below the support level at 2,580.