Rebirth of the investment era

The re-trading of the two markets.

After the emotional fermentation at noon, the selling became heavier than before the midday close.

Among them, in particular, a large number of short-term profit orders have been accumulated. In the two main areas of "infrastructure" and "state-owned enterprise reform" that performed relatively strongly in the morning, many popular stocks are on the market. At this moment, whether it is the volume of selling or the extent of retracement, They all started to accelerate instantly.

"Can even the two hot market themes of 'infrastructure' and 'state-owned enterprise reform' not be able to hold on?"

Faced with the continued adjustment of the market in the afternoon and the further collapse of bullish sentiment in the market, at this moment in the Shenzhen market, in the internal trading room of Xiniu Fund Company, the fund trading team leader Mou Zhengxing was shocked and hurriedly reported to the fund manager Fang Xinsheng: "Manager , The market trend is not good! It feels like the bullish sentiment in the market is showing signs of a complete collapse."

In his view... the two core concepts of 'infrastructure' and 'state-owned enterprise reform', as the gathering place of active market funds, are obviously the 'strongest fortress' for market bulls, not to mention the market trends of these two main lines. It is supported by top hot money from all walks of the market, large institutional funds, and seats on the 'Fortune Road'.

Nowadays, even in these two main areas of core concepts, there is a complete collapse of funds, a sharp increase in selling orders, and signs of loose chips.

That shows that the long-short pattern of the market is indeed turning rapidly.

It also shows that the confidence of the vast investor group in the market to hold shares is declining rapidly, and the desire to buy stocks is also declining rapidly.

"Emotionally speaking, judging from the performance of the two markets, it is indeed not optimistic!" In the trading room, general manager Liu Xin, who was staring at the large trading screen, frowned slightly and said.

Fang Xinsheng stared intently at the market trend on the big screen in the trading room. While the two were talking, he pondered for a moment and replied: "The market has fallen so sharply in the morning, and the market's bullish sentiment will definitely decline. In addition, in the morning There is no positive stimulation in other directions at this time, and the long sentiment to hedge against this recession will naturally open in the afternoon. Under the fermentation and brewing of this sentiment, the market will sell violently. "

"But there is no need for us to panic and be pessimistic..."

Fang Xinsheng paused and continued: "The Shanghai stock index failed to break through the 2200 point mark in the morning. The emotional reaction of various funds on the market and the failure of expectations has been fully reflected in the index's continuous decline and retracement. In other words, The various funds that had high expectations for the Shanghai Composite Index to break through 2,200 points have almost sold out during the market retracement in the morning."

"At this moment, it is just a temporary panic selling by some pessimistic investors due to the fermentation of emotions at noon. Although the volume is concentrated, the lethality is limited."

"And this time is the lowest point of the day under the emotional reaction."

"After this wave of decline, the index should stabilize soon. After all, the power of short selling in the market during the day has passed the peak and gradually declined."

"Lao Fang, you mean... the market cannot fall at this position?" Liu Xin asked in surprise after hearing what Fang Xinsheng said.

Fang Xinsheng nodded with a smile and replied: "The seemingly most dangerous time is actually when the storm has passed and dawn has arrived. In the market, a large number of hold-up orders have gathered at 2200 points, and during the two-day index rebound, Many of the accumulated short-term profits have been almost sold out during the rapid market explosion in the morning, and the sharp decline at this moment is just the final release of emotions."

“The loosening of the 2,200-point hold on the market, as well as the sharp reduction in short-term profit orders after the sharp sell-off during the market decline in the morning, have weakened the upward pressure on the market in disguise, and indicate the exhaustion of the potential short power in the market. .”

"Everyone knows that in the trading market, the power of long and short has always been one and the other."

"After the power of the shorts is exhausted, the index is supported and the market cannot fall further. Then as investors who cover their chips at low levels re-enter the market, the long sentiment and long advantage will naturally be restored again."

"So, at this moment, it seems that the market is declining fiercely, but in fact it is the end of the day's strength for short sellers."

"Then we..." Mou Zhengxing, who still had a lot of worries in his heart despite Fang Xinsheng's positive market view, continued to ask, "how should we operate?"

Fang Xinsheng's eyes were calm and he said confidently: "Buy, keep buying!"

"Continuing to increase positions?" Liu Xin and Mou Zhengxing were shocked when they heard this.

Fang Xinsheng nodded slightly and said: "Since we have judged that the market cannot continue to fall, the panic-stricken storm of the day has passed, and the upward pressure above the index has also been relieved. Although the funds taken over at low levels are hesitant at this moment, but since the morning Judging from the trading volume on the market, it is not a lot, so...why not continue to increase positions and expand profits?"

"besides……"

Fang Xinsheng smiled and pointed at the big screen of the market, where the popular stocks in the two core main areas of 'infrastructure' and 'state-owned enterprise reform' had accelerated their retreat in the afternoon, and continued: "Look at China Railway, MCC, and China Fortune Land Development , Kumho Group, Huaguo Baosteel, Conch Cement, Huagong International and other popular stocks. During the rapid decline of these stocks, there were few large orders of more than 1,000 lots among the chips sold in the market, and the market opened in the afternoon. During the entire trading period, during the decline of these stocks, the time-sharing volume shrank significantly compared with that in the morning."

"And these tickets have surged sharply in the past two days. How much net inflow of main funds has there been?"

"Today's transaction was completed, how much was sold?"

"The decline and shrinkage due to the panic in the afternoon, and the substantial net inflow of main funds in the past three days, all... all illustrate that the two core main lines of 'infrastructure' and 'state-owned enterprise reform', and the internal chip structure, There is no change or loosening, it’s just that the corresponding floating chips have been cleaned up more thoroughly.”

"I can feel it..."

"No, it should be judged with a high probability that the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', after today's huge shock adjustment, there is still a lot of room for subsequent growth, and after a large number of floating chips are cleared, , the market prices of these two main lines will not stop and will continue to give everyone the opportunity to buy chips cheaply.”

"So, on the whole, this position at this moment is the optimal buying point for these two core mainline market trends and subsequent development. If you don't buy at this time, you will wait until the market adjustment is over and increase your position on the right. Estimated cost of new chips, It will rise a lot.”

"There's really nothing to be afraid of in this position."

Seeing that the two of them were still somewhat hesitant and not very confident about the market outlook, Fang Xinsheng paused for a moment and continued: "Even if I make a mistake in judgment, the market will continue to push back on the 2000-point support, and it will only go down by 6 or 7 points." There is room for the price to fall, and the reasoning is based on the distribution of market chips."

"Under the two core market trends of 'infrastructure' and 'state-owned enterprise reform', the basic reversal logic has been recognized by the majority of investors in the market."

"In the process of the index retracing and stepping back on support."

"These two core main lines may not necessarily follow the bottom area of ​​the previous two days."

“After all, the main funds that opened up these two core main lines did not sell out today, and under the clear investment logic, there are also many large financial institutions who want to take on high-quality chips in these two core main lines at a low level. The internal main funds have not been released, and low-level funds have been taken over to make up for the vacancies. In this case...what do you think is the probability that the two core main lines of 'infrastructure' and 'state-owned enterprise reform' will fall back to the lows two days ago?"

"I'm afraid the probability is very small." Mou Zhengxing responded, "The main funds that have opened up the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have not been released. It is obvious that the market trend of these two main lines has not reached the level yet." The other party's expectations, the main force locking up the position, the funds taken over at a low level, and the desire for chips, then it is natural that the stock price will be difficult to fall."

"Well, that makes sense!" After Liu Xin listened to Fang Xinsheng's insights, the worry and hesitation in his heart finally disappeared, and he chuckled, "This should be the principle behind the main trend in investment transactions, 'the strong will always be strong'" Bar?"

Fang Xinsheng nodded and said: "That's right, so... in my opinion, continuing to increase positions at this time is very cost-effective in terms of profit and loss ratio."

"Okay, then let's increase our positions decisively!" Liu Xin responded, fully agreeing with Fang Xinsheng's suggestion.

Subsequently, when the general manager and the fund manager both agreed to increase their positions, Mou Zhengxing immediately issued instructions to the traders. At the same time, he quickly typed on the keyboard and used the trading account he controlled to place orders to buy a large amount of 'infrastructure', The core hot stocks in the field of 'state-owned enterprise reform'.

And as Xiniu Fund Company continues to increase its positions...

At 1:16, many core stocks in the main areas of 'infrastructure' and 'state-owned enterprise reform', which had generally fallen within 2%, saw their rapid decline suddenly stagnate. After tens of millions or hundreds of millions of funds were used to make up for it, After taking over, the trend began to slowly pick up.

"Hey, it won't fall anymore?"

At 1:17, in the trading room of Yuhang Minghui Capital, general manager Xu Zhongji looked at the two core hot stocks of 'infrastructure' and 'state-owned enterprise reform' that were gradually recovering. He frowned slightly and muttered: "Originally, I still wanted to wait a little longer and pick up chips at a lower position, but now it seems... I’m afraid it’s unlikely.”

In the past two days, the two core themes of "infrastructure construction" and "state-owned enterprise reform" broke out.

The company's main funds, due to the position direction, are basically in growth concept stocks in the direction of 'mobile Internet' and 'smartphone industry chain' on the Small and Medium-sized Board and GEM. Therefore, it is not timely to adjust positions and follow up until they are freed up. A large number of positions have cut off most of the "growth concept stocks" chips in the direction of the small and medium-sized board and the GEM. The two main lines of "infrastructure" and "state-owned enterprise reform" have surged for two consecutive days.

Facing the continuous surge, the two core popular stocks of 'infrastructure' and 'state-owned enterprise reform' did not give any buying opportunities.

Xu Zhongji was originally anxious and anxious.

Because he knew that the main line market situation where Su Yu was heavily involved had a high probability of huge upside.

Unexpectedly, just when he was planning to pursue high prices at any cost and bear the risk of a huge retracement in the short term, the market today went into a diving pattern, presenting him with the opportunity to increase his position.

"Old He, no more waiting, buy in, buy in!"

After pondering for a moment, Xu Zhongji made up his mind and hurriedly gave instructions to the fund manager He Hong on the side.

"Don't wait any longer?" He Hong hesitated after hearing Xu Zhongji's instructions, "With this extremely rapid diving trend, I feel that the market has not fallen completely yet, and the Shanghai Index failed to break through 2200 points, and the market is rising in the index. The spatial expectations have dropped significantly. If we don’t step back on the support below, I’m afraid it will be difficult to reorganize the offensive!”

"On the two core lines of 'infrastructure' and 'state-owned enterprise reform', we have seriously insufficient chips and cannot afford to gamble." Xu Zhongji replied, "Buy first and move the position to a reasonable position. At this position, the Shanghai Stock Exchange Index Although the upward space is uncertain, the downward space is basically certain, not much."

"And, depending on the situation on the board..."

"We have the same idea. I am afraid there will be a lot of funds to increase positions in high-quality stock chips on the two core lines of 'infrastructure' and 'state-owned enterprise reform' at relatively low levels."

"Furthermore, even if the market index falls and retreats, there is no main line sector in the two cities with clearer and stronger investment logic and expectations than the current two core main lines of 'infrastructure' and 'state-owned enterprise reform'. Maybe the market will fall. This will Instead, these two major areas will become safe havens for funds from all walks of life.”

"Also, based on my understanding of Mr. Su of 'Yuhang Investment'."

"Since he has opened up the curtain on the two core market trends of 'infrastructure' and 'state-owned enterprise reform' with his tyrannical attitude, I am afraid that he will not let these two core market prices fall back like this before he has time to do so. All the major funds that got on the bus will wait for this bus.”

"If the 'Fortune Road' seats are available today, they will continue to increase their positions on a large scale on the Dragon and Tiger list."

"With the influence of this seat, the market has undergone a huge adjustment and a large amount of floating chips and profit taking have been cleared. The probability of getting chips at a low position tomorrow is probably very small."

"So, taking everything into consideration, we don't need to wait any longer!"

"Okay!" He Hong heard Xu Zhongji's analysis, thought about it for a moment, and felt that it made sense, so he responded briefly and quickly issued instructions to the traders to increase their positions.

Following his orders...

There are already signs of rebound in core high-quality stocks in the fields of 'infrastructure' and 'state-owned enterprise reform' such as China Railway, MCC, Bayi Steel, Conch Cement, China Fortune Land Development, Gemdale Group, etc., and a large number of stocks instantly surged on the market. The main buyer bought the order, and the stock price began to rise.

The same is true at this moment.

The internal trading room of Magic Capital E Fund Management, the proprietary investment department of Yanjing Huaxin Securities, the internal trading room of Shenzhen Pingyin Asset Management, the trading room of Yuhang Yinhua Public Fund... countless large and major institutional fund managers and traders are watching. The two major core stocks of 'infrastructure' and 'state-owned enterprise reform', which have rebounded significantly, finally couldn't bear it anymore and stopped waiting. They increased their positions one after another and placed orders to grab funds.

However, these large major institutions, which have not kept up with the market in the past two days and have seriously insufficient chips in the two main lines of 'infrastructure' and 'state-owned enterprise reform', have stepped forward to grab funds.

At 1:25, the core stocks on the main lines of 'infrastructure' and 'state-owned enterprise reform', which had originally rebounded slowly, experienced a wave of straight-line gains with heavy volume.

And under this kind of straight-line pull-up, it only takes a few minutes.

Core stocks such as China Railway, Huaguo MCC, Bayi Steel, Conch Cement, China Fortune Land Development, Gemdale Group, Huaguo Communications Construction, Huaguo Construction, Huaguo Baosteel... quickly recovered their highs after the afternoon opening. Diving and falling, returning to a strong shock pattern.

At the same time, driven by the strong rebound of these core popular stocks.

At 1:32, the index of core infrastructure industries such as building decoration, building materials, steel, and real estate, as well as the index of the concept of "state-owned enterprise reform" returned to more than 1.5%, smoothing the plunge after midday and regaining ground. Gather the market’s long sentiment and follow-up funds.

Immediately afterwards, due to the two core themes of "infrastructure" and "state-owned enterprise reform", the market resilience was demonstrated.

At 1:35, it hit the lowest point of 2148.92. The Shanghai Stock Index, which fell by 0.56%, also quickly recovered its losses and returned to the red market. The rebound of the Shanghai Stock Exchange Index naturally led to the rapid rebound of the Shenzhen Stock Exchange Index and the ChiNext Index, and the decline resumed. back to within 0.5%.

"Sure enough, the market trend is exactly as you expected."

Seeing that the Shanghai stock index returned to the red market, and the two core themes of 'infrastructure' and 'state-owned enterprise reform', which had plunged sharply in the afternoon, also returned to a strong shock pattern, at this moment inside the Yuhang Investment Company, Li Meng looked from the trading room He briefly moved away from the large market screen and looked at Su Yu, his eyes full of wonder and admiration, and said with a smile: "Su Da Stock God, what are you going to do next?"

Su Yu responded with a smile: "Since large-scale funds have begun to rush to increase positions, we don't need a strong pallet to stabilize the market sentiment. Let traders sell off the small positions when the Shanghai stock index crossed 2200 points in the morning." Take all your chips back, the storm has passed, and in the next one and a half hours of trading, the market should continue its slow recovery and re-attack the opening position in the morning."

"Okay!" Li Meng responded quickly, and then issued instructions to the traders.

"Master, is this the end of the adjustment?" After hearing Li Meng's instructions, Liu Yuan asked Su Yu while operating her account, "Isn't this... too fast?"

Su Yu responded with a smile: "It is still too early to say that the adjustment is over. After all, the Shanghai Stock Index failed to cross the 2,200-point barrier. The market's expectations in this regard were shattered. The index has risen in the short term and lacks firm confidence support. However, although there is pressure to move upward, , but downward...there is also pressure."

"Most of the subsequent trends will temporarily fluctuate sideways using the shock space created today."

"As for when the adjustment will end..."

"It depends on when the market can seriously shrink, so that the chips in this range can be stabilized again and form a relatively solid chip support platform."

"I understand!" After hearing Su Yu's analysis, Liu Yuan understood something in her mind and responded.

"But the fact that the index adjustment is not over does not mean that there is no market trend or money-making effect in the market." Su Yu continued with a smile, "Next, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' should still be in the overall trend." Under the situation of sideways fluctuations, if we continue to perform, especially some stocks that have previously lagged behind the growth of sector indexes, or that are not so obvious potential low-level concept stocks, there should be a good wave of gains next."

"I estimate that the market will also switch between high and low in the main areas of 'infrastructure' and 'state-owned enterprise reform.'"

"However, this is a technical job on the tip of a knife. The main performers are also various hot funds that the market has not kept up with before. Since our main positions have already occupied the two core main lines of high-quality stock chips, there is no need to go further. Chasing these scraps, you just need to use your own ability and trading sense to do T with small positions during market fluctuations, and try to obtain excess profits corresponding to the market."

"Yeah!" All the traders agreed and continued to operate with their heads down.

At the same time, with the operations of many traders, core stocks in the fields of 'infrastructure' and 'state-owned enterprise reform', as well as several major market indexes such as the Shanghai Stock Exchange Index, the Shenzhen Stock Exchange Index, and the ChiNext Index, continue to rebound, and the overall market investment sentiment , it has also gradually recovered from the previous state of panic and depression.

At 1:45, the Shanghai Stock Index stood at 2172 points, with the increase expanding to about 0.5%.

At 1:52, the Shanghai Composite Index hit its highest point of 2178.16, with an increase of nearly 1%. At the same time, the two mainline core weight stocks of China Railway and MCC rose back to about 5%. China Fortune Land Development and Kumho Group once again surged. It has reached an increase of nearly 7%, and Shanghai Sanmao and Shibei High-tech have closed their daily limits, and Beixin Road and Bridge has shrunk again on the daily limit.

At 1:57, Waigaoqiao, with the combined efforts of many major buying funds, also hit the daily limit again. The Shanghai Stock Index broke through 2180 points, getting closer and closer to the intraday high of 2191.12 points set at the opening, and several major indexes in the two cities On the K-line chart, the previous heavy-volume negative line with a long upper shadow has become a heavy-volume long cross line.

At 2:01, the Shenzhen Stock Exchange Index and the ChiNext Index turned red and rose. The two core main-related sectors of 'mobile Internet' and 'smartphone industry chain', as well as core concept stocks, also quickly narrowed their declines. At the same time, the main funds on the market outflowed. The situation has also been greatly improved.

At 2:05, the index growth of the two main core industry sectors and concept sectors of 'infrastructure' and 'state-owned enterprise reform' began to exceed 3%, and many of the stocks reached intraday highs.

At this time, I saw that all the major market indexes turned red, recovering most of the intraday plunge.

Moreover, in the two core main areas of 'infrastructure' and 'state-owned enterprise reform', many popular stocks are already only one step away from the previous intraday high.

In the market, investors who were previously bullish on the market and panicked to cut their positions, as well as the failure of the Shanghai Composite Index to cross the 2,200-point mark, were disappointed with their expectations and lost many investments in the two main lines of "infrastructure" and "state-owned enterprise reform". At this moment, my heart couldn't help but be shaken again, and my face was full of disbelief!