Rebirth of the investment era

"Yes!" Li Meng responded, "Considering the market volume, it is unrealistic to attack the pressure position of 2200 points when the market has continuously accumulated a large number of short-term profit orders. After all, no matter how good the mood is, growth will If the amount of funds cannot keep up, it is useless to be unable to accept a large number of profit-taking and hold-up orders at this position."

"It means that the market is bound to adjust at this position," Wang Can asked.

Li Meng nodded and said: "About that. The Shanghai Stock Index has rebounded strongly in two days and has almost passed the 100-point position space, touching the strong pressure level above. Moreover, there are many floating chips in the market that are eager to cash in. The index The upward pressure is getting bigger and bigger. A brief adjustment to clean up the floating chips in the market will be healthier for the subsequent market trend. Otherwise... a forced breakthrough will only intensify the subsequent adjustment of the market and also damage the market. More market sentiment and long sentiment.”

"Then we... need to significantly reduce our positions at this position to reap profits?" Wang Can then asked.

"It is okay to do t appropriately, but there is no need to reduce the position significantly." Su Yu said, "The market's rebound trend has been established, and the market's long investment sentiment has fully recovered. Although due to the large number of short-term profit orders on the market, and A large number of hold-ups gathered at key pressure levels, making it extremely difficult for the index to break through 2,200 points. Adjustments were inevitable. However, as emotions continued to ferment and with the continued influx of incremental off-market funds, the index continued to rise and break through after a brief adjustment. The 2200-point pressure mark is a matter of great probability."

"In other words, this is a benign correction and it won't be deep."

"And during the adjustment, the bullish trend in the two cities will not change."

"In this case, there is no need to significantly reduce positions and make profits from this small adjustment band. After all, no one can accurately grasp the short-term trend of the market. Once the positions are significantly reduced, the index will adjust sideways, or even the strong sectors will not adjust and continue to rise. If there is a breakthrough, I’m afraid if you want to regain your position, you will have to chase higher.”

"As traders, we operate transactions..."

Su Yu paused and continued: "You must look at the big trends and ignore the small trends, and know how to choose opportunities. You must not lose the big for the small, pick the sesame seeds, and lose the watermelon. Of course, you must keep the position dynamic. Under balanced conditions, it is also possible to use small positions in the account to maximize the account's maximum profit in market fluctuations."

"Master, according to the logic you said, the opening of the market should be the best selling point of the day," Liu Yuan pondered for a moment, her eyes lit up, and she asked.

Su Yu smiled and nodded, and replied: "Smart, in fact, intraday operations, grasp of buying and selling points, and the emotional response of the market are usually consistent. After yesterday's emotional brewing, and the index's two consecutive days of heavy volume and positive line counterattacks, go long. Strong expectations have been formed in the minds of the majority of investors in the market."

"In their expectations and the inertial thinking of most investors, the index can definitely still rise and continue to achieve positive breakthroughs with heavy volume."

“At the same time, due to the strong long expectations, the generally recovering long sentiment in the entire market, and the continuous profit-making effect released by the market, investors’ risk appetite for pursuing higher prices is also rising amid the brewing sentiment. , which resulted in a sharply higher market opening in line with expectations.”

"However, the market's long sentiment is unprecedentedly high, the money-making effect is outstanding, and investors' risk appetite is rapidly increasing."

“Is the market really as good as everyone thinks?”

"No! The external market fell sharply last night, there was a huge backlog of hold-up orders at 2,200 points above the index, a large number of short-term profit-making orders accumulated from two consecutive days of surge, limited incremental funds... these are all factors that inhibit the index's upward breakthrough. Key factors, but unfortunately when market sentiment is high and investors gradually lose their rationality, they cannot see these, or... everyone will deliberately ignore these unfavorable factors."

"The market itself does not have the factors for a comprehensive breakthrough, coupled with the sudden and intense bullish sentiment."

"When the two are intertwined, key selling points in the market's time-sharing trend will naturally appear."

“Although the so-called imagination is beautiful, we still have to return to reality. While maintaining an optimistic attitude in our trading operations, we must also remain rational and understand the unfavorable and favorable factors in the current market trend, so that we can make decisions. Use rational judgment to find the right buying and selling points.”

"I understand!" Liu Yuan had some realization in her heart.

While responding, he used the account he was operating to quickly place orders to sell some of the popular stock chips he held in small positions.

Similarly, when Liu Yuan reacted, most of the traders in the entire trading room were lowering their heads to place orders, operating according to the trading logic Su Yu just said.

And with everyone’s placing orders...

At this time, the time has reached 9:20.

After five minutes of call auction time, after the call auction entered the real bidding stage where orders cannot be canceled, the number of stocks that opened higher in the red market in the two cities fell slightly, but the change was not significant and remained at 85%. The stock opened high in the red market.

The overall market sentiment, as well as the willingness of various funds to raise funds and go long.

It was even stronger than during the call auction yesterday.

In particular, the two main areas of ‘infrastructure’ and ‘state-owned enterprise reform’ are the core concerns of the market.

Whether it is the index of the four major industry sectors of 'building decoration, building materials, steel, and real estate' or the concept sector index of 'state-owned enterprise reform', the increase is more than 2%.

Among them, the call auction performance of the core popular stocks in the two major fields is even more powerful.

Checks such as the popular leading brands Beixin Luqiao, Shibei High-tech, Waigaoqiao, and Shanghai Sanmao all showed a straight-line opening at the daily limit; MCC, China Construction, China Fortune Land Development, and Kumho Group Many popular mid- and large-cap stocks opened higher, reaching about 5%, and on the call auction board, buying orders completely suppressed selling orders. As the call auction time went by, the stock prices of these stocks continued to rise. .

"This collective bidding trend is somewhat beyond expectations!"

Seeing the extremely hot call bidding trends in the two cities, at this moment, in the internal trading room of Zexi Investment Company in Shanghai, the fund manager Zhou Kan couldn't help but sigh: "It feels like the mood is a bit overdone, right? Huaguo China Railway and Huaguo MCC are so obvious." The trending tickets have actually been speculated into the trend of concept stocks. According to the current high opening range of these two checks, in three days... they have risen by almost 28%!"

"It's indeed a bit too much!" Xu Xiang nodded slightly, "It's not enough, I'm afraid it's hard for the market to perform well today."

"Yesterday's external market trend was not good, coupled with the pressure mark of 2200 points, today's call auction, the market is going like this, obviously something is wrong." Zhou Kan continued, "The funds chasing in at this moment may have to stand guard at a high level temporarily. The emotions are overdone and the selling points are highlighted during the session. Let’s... also sell some chips."

According to Zhou Kan's judgment, the market performance at this moment should be a good selling point.

Xu Xiang thought for a moment and said: "You can try selling a little. Although the sentiment is a bit over the top, at the current stage, the two main lines of 'infrastructure' and 'state-owned enterprise reform' have been developed, and there are large funds from various departments outside the market. The positions in the market are all at a low level, and there is a huge demand for increasing positions. Therefore, even if the market adjusts, the extent of the adjustment will probably be very limited. It doesn’t matter if you hold a small position, but if you move a large position, you may have trouble. Small risk of missing out.”

"Yeah, I understand!" Zhou Kan smiled and nodded.

Afterwards, he immediately started to make arrangements according to Xu Xiang's suggestions.

And with Zexi Investment’s slight reduction in positions...

At the same time, in Shanghai, Yanjing, Shenzhen and other places, the main funds of many large institutions that had previously missed out on the two main market trends of 'infrastructure' and 'state-owned enterprise reform' saw the market call auction trend rising steadily, and 'infrastructure', The two main market trends of 'state-owned enterprise reform' are getting more and more intense in the collective bidding, but they can't help but chase higher prices and increase their positions to raise funds.

Similarly, the majority of retail investors are under the influence of extremely excited market sentiment.

There are countless people who increase their positions and chase higher prices.

Therefore, under this situation where bullish power and bullish sentiment are still completely dominant.

When 9:25 arrived and the call auction between the two cities ended, the Shanghai Stock Exchange Index opened sharply higher by 1.53%, directly reaching the 2191.12 point, only one step away from the 2200 point mark, while the Shenzhen Stock Exchange Index and the ChiNext Index were relatively weak. The index opened higher and reached an increase of about 1%. Several major indexes once again left a gap in the K-line pattern.

And in addition to all the major indexes that have jumped short and opened high.

The performance of the two cities' industry sectors, concept sectors, and popular heavyweight stocks and concept stocks is also in full swing.

Among them, in the field of 'infrastructure', core sectors such as building decoration, building materials, steel, and real estate opened higher by 2.35% to 2.55%. The concept sector of 'state-owned enterprise reform' opened higher by 2.83%. , the constituent stocks in the sector, more than 7 stocks have reached daily limit.

Of course, excluding the two popular main lines of ‘infrastructure’ and ‘state-owned enterprise reform’.

The two major conceptual sectors, 'Shanghai Free Trade Zone' and 'Internet Finance', which performed well yesterday, also saw an opening increase of about 2%. Even as the market continued to rebound, they were significantly abandoned by the main funds in the market. The two early popular concept lines of 'mobile Internet' and 'smartphone industry chain', which are completely weaker than the broader market index, and their related core growth stocks, are also rare to open higher than the 1% increase at this moment.

Faced with this opening scene...

The vast majority of retail investors in the entire market are excited, excited and excited at this moment.

"Haha, the Shanghai stock index opened 1.53% higher and is approaching 2200 points. It's really strong! I feel like I'm back in the bull market again!"

In the exciting and uplifting market mood, some people on the trading forum expressed emotion during the last 5 minutes of temporary suspension before the official trading.

"My big A finally stood up!"

"Independent market, a rare independent market trend!"

"Looking at this situation, the Shanghai Stock Index will definitely break 2,200 points today, haha... This wave of gains is really powerful, sweeping away the gloom at the beginning of the year!"

"Mr. Su is still awesome. As soon as he takes action, the market is out of control."

"Indeed, in the past two trading days, the two main lines of 'infrastructure' and 'state-owned enterprise reform' have simply brought the money-making effect to the extreme."

"Not only in the past two days, the two main lines of 'infrastructure' and 'state-owned enterprise reform' have opened so much higher today, and are still increasing in volume. It is estimated that they can continue to rise sharply, and judging from the many hot spots in these two main lines, The core stocks have all gone out of the obvious bottom reversal trend."

"Hey, it's a pity that I hesitated for the past two days and missed the point!"

"I was short before, but this morning I started chasing after the call auction."

“I am also chasing positions through call auctions. I feel that... although the short-term increase of core leading tickets such as China Railway and MCC has reached about 25%, but comparing the inflow of main funds in the past two days, and With the continued intensity of the comprehensive riots on the two main lines of 'infrastructure' and 'state-owned enterprise reform', there is definitely a lot of room for follow-up."

"I agree. In fact, a 20-30% rebound in leading stocks is nothing at all. If you buy it at this time, you are still at the bottom of the mountain."

"I also feel that the two main market trends of 'infrastructure' and 'state-owned enterprise reform' are still at the bottom of the mountain."

"It's a pity that Beixin Luqiao and Shibei High-tech, two leading concept stocks in the main line, are not given the opportunity to buy today."

"Yesterday, after the two main lines of 'infrastructure' and 'state-owned enterprise reform' were unanimously recognized by the main funds in the market, Beixin Road and Bridge and Shibei Hi-Tech's single-digit daily limit today should be expected. It is indeed a pity that there was no such thing yesterday. Add to these two stocks."

"If Beixin Road and Bridge and Shibei High-tech Zone are not open, the only ones left are Shanghua Railway and Huaguo MCC."

"China Fortune Land Development and Kumho Group are also good!"

"Anyway, just focus on the two main-line popular leading stocks of 'infrastructure' and 'state-owned enterprise reform'. The funds involved in these two days have not lost money. I feel that such a strong main-line concept and such a huge inflow of main funds, these two The big main line market will never end easily. If you participate at this time, there should be a lot of room for follow-up."

"There must be room. After all, if the Shanghai Stock Exchange Index breaks through 2,200 points, the road ahead will be smooth!"

"Hey, the Shanghai Stock Index is below 2200 points. It has been trapped for more than 4 months and is finally about to break through. I'm really looking forward to it."

"With this wave of breakthroughs, the index will probably not come back!"

"Yes, yes, I feel the same way. I always feel like a bull market is coming."

"Whether it is a bull market or not, it has reached this point. The Shanghai Stock Exchange Index must break through 2,200 points today. Only by breaking through 2,200 points can new space be opened up."

"The index's breakthrough mainly depends on the performance of the two core main lines of 'infrastructure' and 'state-owned enterprise reform'"

"The market prices of these two main lines are definitely indistinguishable. After all, so many major financial players have entered the market in the past two days. Yesterday, the top hot money players from all walks of life on the Dragon and Tiger List came out collectively."

"It's less than 10 points away. After the market opens, it should be over within 5 minutes at most."

"Indeed, as long as the two core stocks of China Railway and MCC are within the daily limit zone, the index can instantly break through the 2,200-point pressure mark. Judging from the performance of the call auction of these two core stocks, it is obvious that The main funds are still increasing their positions and will continue to rise today. There is still great hope."

"Analyzing from the perspective of capital, the market has suddenly risen. Many large institutional funds, as well as many retail investors outside the market, have not yet reacted. And they all have huge willingness and demand to increase their positions, so I judge that the market will increase in the future. Funds will continue to increase significantly, and transaction volume will once again reach the 100 billion mark, and the Shanghai Stock Index’s 2,200 points is not a problem!”

"I agree. Looking at the fund industry, the positions announced by major public funds and asset management institutions are obviously at low levels. This proves that the market's potential for future growth is still huge."

"Whatever, I'm full. I won't get off until I double this round."

"Uh... can there be a pattern for doubling? According to the valuation and market value of China Railway and China Metallurgical Corporation, even if the stock price doubles, it is still extremely underestimated. If it is really a big market, it will have to be 5 times higher. Bar"

"5 times! How dare you think about it"

"No matter how bold your heart is, how productive your land is. If the market rebounds so violently, the natural pattern will be amplified."

Amid everyone's excited discussion, the 5-minute brief suspension time passed in a blink of an eye. At 9:30, the two cities ushered in the official continuous bidding trading time.

I saw that just after the market opened, the stock prices of countless stocks began to jump.

After 5 minutes of short emotional fermentation, China Railway Group, MCC, China Fortune Land Development, Kumho Group, Huagong International... and other core stocks in the "infrastructure" field were immediately attacked by funds, and their stock prices fell rapidly. rose, and at the same time drove the major industry sectors in the 'infrastructure' field, the 'state-owned enterprise reform' concept sector index, and the Shanghai Stock Exchange Index to rapidly impact upward, further moving towards the 2200 point mark.

At 9:31, the Shanghai Stock Index reached 2194.36 points.

At 9:32, the Shanghai Composite Index hit a new high to 2196.38 points. At the same time, China Fortune Land Development increased by more than 8 points, and Kumho Group once again hit the daily limit.

At 9:33, the Shanghai Stock Exchange Index continued to set a new intraday high to 2197.76 points, and the "state-owned enterprise reform" concept sector index rose by more than 3.22%.

At 9:34, the Shanghai Stock Index touched 2198.89 points, just 0.1% away from breaking through 2200 points.

At 9:35, under the gaze of countless investors throughout the market, as tens of millions of retail investors were excited and excited, and as billions of buying funds swept across the two markets, further rushing to raise funds and follow the trend, The Shanghai Stock Index exploded rapidly, crossing the final point gap and refreshing the intraday point height to 2200.54 points. After more than 4 months, it regained the position of 2200 points.

Later, when countless people saw that the Shanghai Stock Index successfully broke through 2,200 points.

The huge amount of buying funds further increased dramatically, and investors rushing to raise funds and follow the trend were almost crazy.

And driven by these sharp bursts of buying funds...

At 9:36, after crossing 2200 points, the Shanghai Stock Index continued to rise in a straight line. In one minute, it was about to refresh the intraday high to 2208.98 points, an increase of more than 2.3%, and within the two main areas of 'infrastructure' and 'state-owned enterprise reform' The core popular stocks also surged straight up and exploded in volume rapidly.

At the same time, the ‘brokerage’ sector has been hovering at a low level and basically no one is paying attention to it.

There was also a sudden change, and the stocks of many tens of billions-level brokerage firms surged straight up.

At 9:37, the Shanghai Stock Exchange Index hit a new high above 2210 points, and the increase expanded to 2.5%. The 'brokerage' sector collectively rioted. Among them, the leading brokerage firms, Huaxin Securities, Huashang Securities, Huatong Securities, and Huatai Securities, rose sharply. Within a minute or two, they exceeded 2%.

However, the vast majority of investors in the market are extremely excited.

It is believed that the index has successfully stood at the 2200-point mark, and the market will usher in another day of full-scale surge in volume.

The rapidly rising index suddenly erupted into higher trading volume less than 5 minutes after the brokerage collective riot. At the same time, the selling orders in the entire market increased sharply, instantly suppressing all those who followed the trend and increased their positions. Road buying funds caused the index to fall sharply from its intraday high of 2213.37.

At 9:42, the Shanghai Stock Index fell below 2210 points.

At 9:43, the Shanghai Stock Index fell to 2205 points.

At 9:44, the Shanghai Stock Index once again fell below the important 2200 point mark and returned to below 2200 points.

At 9:45, the Shanghai Index further fell back to the 2195 position. At the same time, the 'brokerage' sector, which had made collective changes before, was pushed back to the original starting point at the opening by heavy selling. In the 'infrastructure' sector, Kumho Group and China Fortune Land Development, which had sealed their daily limits, started trading. Even the Waigaoqiao Bridge, which had a daily limit of 100%, was smashed open.

At 9:48, the Shanghai Stock Index continued to fall back to 2191 points, erasing all the gains after the opening and getting further and further away from the 2200 point mark.

At the same time, there are more and more stocks that are fried in the market.

The growth rate of core mainline leading stocks, such as China Railway and China Metallurgical Corporation, has dropped from a maximum of more than 7 points to around 5 points. In an instant, the large capital inflows on the market have changed from the previous large net inflows. It has become a state of net outflow, and the advantage of buying the main force no longer exists.

At 9:50, the Shanghai Stock Index further fell below 2190 points and began to cover the gap in the early trading.

At this time, the selling orders in the entire market have completely suppressed the buying orders, and the extremely high and excited emotions in the hearts of the majority of investors were instantly like being poured with a basin of cold water. They were stunned and gradually cooled down.