Rebirth of the investment era

At 9:31, 'Fushun Special Steel' hit the daily limit, and the steel sector, military industry, nuclear power, construction decoration, building materials, real estate and other sectors rose, continuing to attract huge amounts of active funds to buy.

At 9:32, 'Fushun Special Steel' closed its daily limit, and the indexes of the three major sectors of 'military industry', 'nuclear power', and 'steel' rose sharply. The corresponding popular stocks within the sector, such as 'Bayi Steel, Valin Steel, and Hong Kong Steel' Stocks such as Metro Aviation, Chengfei Technology, China Airlines Mechanical and Electrical, China Airlines Optoelectronics, Aviation Power, etc. all surged rapidly with heavy volume.

At 9:33, MCC, a core heavyweight stock in the infrastructure field, rose by more than 3% under the attack of active funds from all walks of life, continuing to show a strong trend.

At 9:34, 'real estate' rose rapidly and entered the forefront of the industry sector gainers in the two cities. Among them, 'Gemdale Group, Poly Real Estate, Kewan Real Estate' and other large-cap weight stocks in the real estate field also moved one after another, and the buying funds on the market increased significantly. Increase the volume and the upward trend is extremely obvious.

At 9:35, ‘Beijiang Communications Construction’ rose by more than 5%, continuing to set a new high for this round of rebound.

At 9:36, ‘Tianshan Cement’ surged straight up, with the market increase exceeding 5%, while ‘Conch Cement’, a large-cap heavyweight stock in the ‘cement’ sector, also followed suit, with the market increase exceeding 2%.

At 9:37, in the field of 'military industry' sector, the check of 'Chengfei Technology' surpassed a number of military industry concept stocks, rising straight up and hitting the daily limit.

At 9:38, ‘Chengfei Technology’ sealed its daily limit, and the ‘Military Industry’ sector index rose by more than 5%.

At 9:39, the concept sector of 'Reform and Reorganization of State-owned Enterprises and Central Enterprises' changed. A number of state-owned enterprises and central enterprises' heavyweight stocks in this sector received a lot of attention from main funds.

At 9:40, after the main line of "Technology Growth" plunged sharply due to the impact of "LeTV"'s lower limit at the beginning of the trading day, it briefly hit the bottom and began to rebound from the intraday low.

At 9:41, in the main line of 'Technology Growth', the indexes of the two relatively resilient concept sectors of 'Internet Finance' and 'E-Commerce' gradually rose. Among them, the core concept leading stock, 'Hengsheng Electronics', rose by more than 5%. 'Sanjiang Shopping' rose more than 3%.

At 9:42, ‘Sanjiang Shopping’ was taken care of by the main funds, and the stock price continued to rise straight up.

At 9:43, the intraday increase of ‘Sanjiang Shopping’ exceeded 5%.

At 9:44, the intraday increase of ‘Sanjiang Shopping’ exceeded 7%.

At 9:45, ‘Sanjiang Shopping’ hit the daily limit.

At 9:46, the "Sanjiang Shopping" check sealed the daily limit. The entire "retail" sector and the "e-commerce" concept sector were affected by the "Sanjiang Shopping" daily limit and followed the trend to rise.

At 9:47, core concept stocks in the main line of "technological growth" such as 'Huayi Brothers', 'Netspeed Technology', 'Crystal Optoelectronics', and 'Lixun Precision' were listed in the 'Internet Finance' and 'E-Commerce' sectors. Driven by the rebound in the trend, it also rebounded quickly from the intraday low, and its market liquidity also recovered.

At 9:48, the Shanghai Stock Index rose by more than 1%, reaching around 2390 points, only one step away from the 2400 point mark.

At 9:49, the decline of the ChiNext Index narrowed to less than 75%, and the scissor gap with the Shanghai Stock Index gradually narrowed. At the same time, the volume and energy also recovered. This proves that a lot of funds among the active capital groups in the two cities have begun to pour in. Technology growth's main line of bargain hunting.

At 9:50, ‘Hengsheng Electronics’ rose by more than 4%, and the entire ‘Internet Finance’ sector rose by more than 1%.

At 9:51, Hongdu Airlines hit its daily limit, and the military industry sector rose to 2% during the day.

At 9:52, funds intervened to pry the market of "LeTV", but after the 10,000-lot order was entered, there was no splash, and there was no market synergy to pry the market.

At 9:53, ‘Huaguo Construction’ rose by more than 3% during the day, and the prices of the entire ‘infrastructure’ concept and industry sectors continued to explode.

At 9:54, the total net inflow of main funds in the entire infrastructure field and various industry sectors reached 1 billion.

At 9:55, ‘Beijiang Communications Construction’ rose by more than 8%.

At 9:56, the stock price of ‘Beijiang Communications Construction’ reached its daily limit.

At 9:57, on the market of "Beijiang Communications Construction", multiple large buying orders of 10,000 lots appeared in an attempt to sweep away the selling power at the daily limit price and seal the daily limit.

At 9:58, the trading volume on the daily limit board of "Beijiang Communications Construction" expanded rapidly.

At 9:59, the closure of "Beijiang Communications Construction" failed, and the stock price fell from the daily limit, and fell back to an increase of around 8% in a flash.

At 10 o'clock in the morning, under the influence of "Beijiang Communications Construction" increasing its daily limit and failing to close the market, the "big infrastructure" investment sentiment that had risen sharply in early trading began to subside.

At 10:01, the stock price increase of 'Beijiang Communications Construction' continued to fall back to around 7%. Under this influence, 'Tianshan Cement', 'Shanghai Construction Engineering', 'Pudong Construction' and other 'large infrastructure' fields All the early popular stocks, regardless of continuing to increase their volume, easily hit the daily limit above.

At 10:02, the inflection point of emotional subsidence, I started to think about the spread of heavyweight stocks in the field of "big infrastructure".

At 10:03, Huaguo Construction, Huaguo Railway Construction, Huaguo China Railway, Huaguo Communications Construction... and a number of infrastructure-heavy stocks with the prefix "Hua" began to pull back.

At 10:04, while the "big infrastructure" was pulling back, the main line of "technological growth" was advancing rapidly.

At 10:05, ‘Huayi Brothers’ turned red for the first time in the session after opening sharply lower.

At 10:06, Ciwen Media, Cultural Investment Holdings, Huace Film and Television, and other popular 'film and television media' stocks in the early stage also opened sharply lower, and continued to rise, with many "Huayi Brothers" following suit. The momentum of becoming popular.

At 10:07, ‘Hengsheng Electronics’ rose by more than 5%, and the ‘Internet Finance’ sector’s growth ranked among the top growth lists of concept sectors in the two cities.

At 10:08, the GEM index's decline further narrowed to less than 5%.

At 10:09, the decline of ‘Netspeed Technology’ narrowed to about 2%, and the entire ‘domestic software’ sector rebounded across the board, with liquidity greatly restored.

At 10:10, ‘LeTV’ fell to the limit, reappearing the 10,000-level order board.

At 10:11, the liquidity of many concept sectors in the main field of 'Technology Growth' has been greatly restored, and the situation of panic selling has also been greatly alleviated. The influx of bargain-hunting funds is sufficient, and on the occasion of the short-term correction of 'Big Infrastructure' , it also increased sharply, and the market seesaw effect was equally obvious.

At 10:12, the growth gap between the ChiNext Index and the Shanghai Stock Exchange Index narrowed to about 7%.

At 10:13, just when everyone thought that the market style would change again, in the real estate sector, the large-cap stock with a market value of tens of billions, 'Kumho Group' suddenly exploded in volume, and continued to buy in tens of thousands of hands. Under the fierce attack of large orders, it rose straight from around 5%, and within one minute, it rose to more than 5%.

At 10:14, the stock price of "Kumho Group" continued to surge rapidly, hitting the daily limit.

At 10:15, "Kumho Group" sealed the daily limit with 150,000 consecutive large buying orders, sealing the daily limit. At the same time, it also quickly led to a comprehensive counterattack in the "real estate" sector, which had briefly retreated.

At 10:16, ‘Gemdale Group’ charged upward, with large-capital buying orders emerging one after another.

At 10:17, real estate stocks such as "Financial Street" and "Beijing Capital" followed the trend and rose.

At 10:18, the 'real estate' sector index exceeded 5%, ranking second in the market industry growth list, becoming the strongest industry sector hotspot in the two cities after 'national defense industry'.

At 10:19, with the "real estate" counterattack across the board and the explosion, the entire "big infrastructure" core stocks, as well as investment sentiment, began to have an upward impact again.

At 10:20, as the main lines of "infrastructure" and "military industry" rose again, the main line of "technological growth" fell back, and the scissor gap between the growth of the ChiNext Index and the Shanghai Stock Exchange Index widened again.

At 10:21, I saw that the counterattack of the 'Technology Growth' line failed, and the expectation of another change in the market was dashed. A large amount of funds that had been hesitant about whether to decisively stop losses now began to sell wildly again, causing panic in the entire main line. Selling sentiment has begun to increase again.

At 10:22, the red-plate ‘Huayi Brothers’ fell underwater again.

At 10:23, the selling price of 'Internet Speed ​​Technology' increased rapidly, and there was even a large order of 10,000 hands that took the initiative to kill the price. This large order of 10,000 lots instantly sent the stock price of 'Internet Speed ​​Technology' straight down. It fell by 3 points, causing the check to fall to the intraday low again.

At 10:24, the collapse and fall of ‘Internet Speed ​​Technology’ was like a domino, instantly triggering a chain reaction.

At 10:25, the entire "Technology Growth" main line plummeted downward almost in a straight line. The GEM index even expanded its decline to more than 1% within one minute.

At 10:26, lightning struck the underwater ‘Crystal Optoelectronics’ and crashed to the limit.

At 10:27, the ‘Apple Concept’ collapsed, and the GEM Index’s decline expanded to 5%, directly setting a new intraday low.

At 10:28, Sanjiang Shopping, which had sealed its daily limit, exploded.

At 10:29, the growth rate of 'Hengsheng Electronics' also fell back, and the growth rate of the 'Internet Finance' sector fell back, and the corresponding core stocks fell into a huge shock trend.

At 10:30, a huge amount of funds began to continue to hit 'Internet Speed ​​Technology', causing the stock's decline to further expand to more than 6%. At the same time, in the entire 'Technology Growth' main line area, as long as it is a stock with good liquidity, At this moment, I was brutally killed by big funds, and the funds that had been bought at the bottom in the previous dozens of minutes were buried in it.

At 10:31, under the collapse of "technological growth", active funds from all walks of life in the market began to flow into the main lines of "infrastructure" and "military industry" for safety.

"Hey, in this market, the attitude of funds competing against each other is really vividly demonstrated."

At 10:32, in the main fund trading room of Zexi Investment Company in Shanghai, Zhou Kan looked at the changes in market conditions and said with emotion: "The two main hot spots of 'infrastructure' and 'military industry' and the 'technological growth' The line is really pulled back and forth to the extreme, a seesaw effect, endless."

Hearing Zhou Kan's words, Xu Xiang laughed and said: "The financial trading market is inherently dynamic. Under the game of existing funds, it is normal for the extreme pull to be pulled. However, this rebound in the main line of 'Technology Growth' in early trading today, To be more precise, it should be seen as a self-rescue behavior by the main funds buried in this main line field, taking advantage of the market's reluctance to chase up the main line market prices of 'infrastructure' and 'military industry' and buying low prices."

"Self-rescue behavior?" Zhou Kan was stunned.

Xu Xiang nodded and said: "Yes, the self-rescue behavior can be clearly seen from the market reaction... Their purpose is to use the early trading to pull the two sectors of 'Internet Finance' and 'E-Commerce' as bait, so that The market has formed a short-term expectation that the "Technology Growth" line will bottom out and rebound, inducing bargain hunting funds to enter and enhance the liquidity of this major main line area, so that all parties are trapped here and cannot flexibly exit or liquidate their positions. The main funds can sell more calmly, without causing the most severe panic and stampede trend."

"Otherwise, you think that even though we were rebounding well just now, why did the volume of active selling in the 'Technology Growth' line suddenly increase several times?"

"Fuck..." Zhou Kan was shocked when he heard Xu Xiang's words about the market interpretation, and said, "Damn, these guys... came out in order to reduce losses, their tactics are really ruthless!"

Xu Xiang said: "It is understandable that it is due to interests. The financial trading market is a relatively free market, with free buying and selling. Since investors choose to enter this market to trade, then under the conditions of self-awareness, chasing highs and buying lows, It’s all their own choice.”

Zhou Kan thought for a while and sighed: "Indeed, compared with large institutional groups that have advantages in capital, seats, and news channels, retail investors will indeed be slaughtered."

"You can't say that." Xu Xiang said with a smile, "You must remember that Mr. Su of the 'Yuhang Investment' company also grew up as a retail investor. To be precise, when you enter this market, you can make or lose. What matters is always one’s own ability, vision and self-understanding. This is true for institutions and individuals. Relatively speaking, it is quite fair.”

"Hey, let's not talk about this issue." Zhou Kan thought for a while, changed the subject, and said, "Boss, after this line of 'technological growth', I am afraid that the decline will be even more severe. There will be more, and the time and space for subsequent adjustments will probably be longer, right? Can this basically be concluded that the line of 'technological growth' is completely dead on the short- and medium-term investment timeline."

Xu Xiang nodded and responded: "More or less. Institutions lure in bargain-hunting funds and want to use these bargain-hunting funds to stop losses and liquidate positions. This will naturally consume more market investors' expectations and expectations in the direction of 'technological growth'." Emotions will also make the chip structure of this major main field more chaotic. From the perspective of short- and medium-term investment, we must avoid the line of 'technological growth'."

"So, the market's '28 split' pattern, with 'infrastructure' and 'military industry' being the main market breakthroughs, will most likely continue to exist?" Zhou Kan thought for a while, and said hesitantly, "It won't happen next year. The market situation in the first half of the year is completely reversed from the market situation in the second half of last year, right?"