一、1月份市场回顾2011年的年初行情是在管理层紧缩政策层层加码和投资者极度悲观的预期下展开的。在短短三个月内,央行连续四次调高准备金率并两次提高利率,由于流动性趋紧,上证指数盘整了两个月的支撑位2850点被击穿。央行在1月15日宣布提高准备金率50个基点,上证指数17日暴跌67点,空 First, the market review in January 2011, the beginning of the market in the management of the tightening overweight policy and investors under extremely pessimistic expectations. In just three months, the central bank raised the reserve ratio four times in a row and raised interest rates twice. Due to tighter liquidity, the Shanghai Composite Index broke through 2850 support points, two months consolidation. The central bank announced on January 15 to raise the reserve ratio by 50 basis points, the Shanghai Composite Index plunged 67 points on the 17th, empty