当1994年的上半年即将过去的时候，当市场上的多头每天在鼓吹抄底，抢反弹的时候，我们猛然发觉整个上半年，深沪股市均处于大幅向下调整过程之中，值得注意的是这次大调整和以往几次相比，具有明显的特点。首先，从调整的幅度来看，其幅度之大，出乎意料之外．上海股市从去年1 When the first half of 1994 was about to end, when the bulls in the market were hoping to buy bargain-hunting every day and grab a rebound, we suddenly realized that in the first half of the year, both the Shenzhen and Shanghai stock markets were in a process of downward adjustment. It is noteworthy that Compared with the previous several times, this major adjustment has obvious characteristics. First of all, from the point of view of the adjustment, the magnitude of its surprise is unexpected. Shanghai stock market from last year 1