Rebirth of the investment era

Seeing that the opening patterns of the two cities were obviously lower than expected.

At this moment, the expectations of the retail investors gathered in the stock discussion area of ​​the trading platform for the market trend have obviously taken a turn for the worse.

"Hey, what's going on? Why has the market been falling since this week?"

"Damn it, it's so deceptive. When I didn't fill my position, the index and individual stocks kept rising and refused to pull back. But after I filled my position on Monday, they kept falling. It's terrible. Sigh... This is my bad luck. Or is there something really wrong with the market trend?”

"It shouldn't be. Is the Shanghai Stock Index really going to 3,500 points?"

“I really didn’t expect that when the central bank cut interest rates and required reserve requirements, the market fell for three days in a row.”

"It's better to have no benefit at all."

"Yes, if it weren't for the benefits of the central bank's interest rate and reserve requirement ratio cuts on Monday, the Shanghai Stock Exchange Index might still be stable at around 3,800 points. Alas... it's simply poisonous."

"The good news has turned out to be bad news. This wave of market trends perfectly illustrates this point."

"I have indeed learned something this time. I will not dare to chase profits next time."

"It's not a matter of good or bad, it depends on the position of the market itself. Before the good news of the central bank's interest rate cut and reserve requirement ratio reduction came to light, the market trend had already deviated from the normal track in terms of technology. It’s time for a correction, and the result is that there has been no correction because everyone expected the central bank to cut interest rates and reserve requirement ratios. In fact, if we analyze the market carefully, we can avoid this sharp correction.”

"It makes sense, and sure enough... although the technical aspect may not be accurate, it still has a certain use!"

"That's for sure. Market trends and basic laws must still be followed."

"Actually, the most important point is that the 'Yu Hang Group' led by President Su has massively reduced its positions and stopped profits, which is also a major reason for this sharp market correction."

"This is true. The large-scale reduction of positions of the 'Yuhang Department' led by President Su should make many institutions in the market feel numb."

"Everyone probably didn't expect it, right?"

"However, in yesterday's dragon and tiger ranking data of the two cities, the trading seats related to the 'Yu Hang Department' managed by President Su did not appear. It feels very strange."

"Does this mean that the 'Yuhang Department' led by President Su has given up on large-scale reduction of positions again?"

"Isn't it possible? How can the major financial players be so casual in changing their investment strategies?"

"What's going on? After losing weight for one day, you won't lose weight anymore?"

"Is it possible that the 'Yuhang Department' led by President Su has completed its plan to reduce positions and stop profits?"

"It feels impossible. According to the estimates of major market institutions, the total amount of chips held by the main fund products of the 'Yu Hang Series' managed by Mr. Su is around 200 billion. It was on the Dragon and Tiger list the day before yesterday. The trading seats related to the 'Yu Hang Group' have only reduced their holdings by more than 2 billion, which accounts for only about 1% of the scale of 200 billion. How can it be possible that the reduction is in place?"

"Then how do you explain yesterday's Dragon and Tiger ranking data?"

"It's possible that the 'Yu Hang Series' fund products managed by Mr. Su have no intention of leaving the market. They are just using a false shot to wash away the major capital groups that are following suit."

"That said, it's possible."

"No matter what the motivation of the 'Yu Hang Department' led by President Su is, anyway, I think it is right to follow the 'Yu Hang Department' to reduce their positions. Facts have proved that after the 'Yu Hang Department' funds reduced their positions, the market continued to fall."

"I agree, just follow Mr. Su's operation on the Dragon and Tiger List and reduce your position. You don't have to think so much."

"I did this a few times before. Sure enough, I perfectly avoided the crash, perfectly participated in most of the market's rise, and successfully made excess profits."

"Yes, at this time, it is always right to avoid the two main lines of 'big finance' and 'big infrastructure'."

"It is correct to reduce positions and short positions."

"In the past two days, it can be clearly felt that the money-making effect of the market is decreasing."

"After the two core main lines of 'big finance' and 'big infrastructure' were significantly reduced by the 'Yuhang Department' under the leadership of President Su, it is obvious that the overall chip structure has been loosened."

"The key is that there are too many other major funds sold by the 'Yuhang Department' led by Mr. Feng Su."

"Yes, following the trend is too exaggerated."

"Lower your expectations and look at 3,500 points first!"

"I think 3,500 points may not be able to sustain it. Maybe the Shanghai Stock Index will fall to 3,500 points today."

"No matter how much the correction is, overall, the bull market pattern of the market should still be there, right?"

"That must be true. There is definitely no problem with the market's mid- to long-term logic. Take the 'Yuhang Series' main fund headed by President Su as an example. They should only reduce their positions, not clear them."

"Mr. Su has made it clear that the long-term trend of the market is in a bull market, and he will definitely not clear positions at this position."

"That's good. Since the bull market is still there and the bull market trend has not been destroyed, then I can continue to hold positions with peace of mind. As long as the bull market is still there, if it falls, it will rise again."

"It's just that it will take some time before the index reverses."

"Don't be afraid, isn't the most valuable thing for us retail investors the cost of time?"

"Yes, I think at this time, we still need to maintain the bull market investment mentality, or buy more as it falls. I don't believe it anymore. The index will fall back to 2,000 points."

"It is definitely impossible to fall back to 2,000 points. I think it is possible to fall back to 3,000 points."

"It shouldn't be the case, right? It's back to the starting point of the bull market?"

"As long as it can be maintained above 3,000 points, there's no need to be afraid, right?"

"Let's wait and see what the market will do today or in the near future, right?"

"Well, the two core lines of 'big finance' and 'big infrastructure' are really a huge drag on market trends."

"Who said these two main lines are the largest and most weighted main lines in the market?"

"Although the two main lines of 'big finance' and 'big infrastructure' will have a big drag on the market trend when they fall, when these two main lines are completed in the short- and medium-term adjustments and then enter the rising stage, they will have a big impact on the market trend. The trend is also very important in driving the trend, and everything has its pros and cons.”

"That's true. In fact, it still depends on whether the current path of 'high-low switching' can be taken out."

"Yes, if 'big consumption', 'medicine', 'non-ferrous metal cycle', 'petrochemical industry', 'mobile internet', 'smartphone industry chain'...these relatively low-level main-line fields can be replaced and complete the With the rotation of the two major weighted main lines of 'big finance' and 'big infrastructure', I think the index should be stable above 3,500 points, and the rebound or reversal should be quick."

"Looking at the current situation, there are signs that funds are converging on a number of low-level main lines, but..."

"But what?"

"But it seems that the concentrated money-making effect is not enough, and these low-level main lines, compared with the 'big finance' and 'big infrastructure' main lines, in addition to the advantages in chip structure, other factors such as valuation, fundamentals, performance explosion... etc. In terms of other factors, there is no comparison at all. I always feel that these low-level mainline areas still lack the motivation for speculation and the driving force for the stock price to continue upward."

"Isn't the only condition for the stock price to rise, not the promotion of main funds?"

"The most direct response to the rise in stock prices is definitely the promotion of funds, but why do you think funds gather to push up the stock price? It is not caused by its fundamentals, expectations of performance outbreaks, and expectations of changes in fundamentals caused by news... these factors Was it decided?”

"The advantage of chip structure can be considered a big advantage, right?"

"It can be said that, but if the fundamentals do not reverse, the advantages in the chip structure can only support a short- to medium-term rebound, and cannot form a reversal of the market trend!"

"Awesome, I think so too."

“So, ‘big consumption’, ‘non-ferrous cycle’, ‘petrochemical industry’, ‘medicine’, ‘mobile internet’, ‘smartphone industry chain’…these low-level main lines are still not ready for a complete market reversal? "

"At least for now, the fundamentals of these previously relatively weak market mainlines have not changed much."

"Then we can only see the rebound."

"Why do I think there may not even be a rebound?"

"Isn't that true? Judging from the main capital flows in the market over the past two days, many active capital groups are still converging on these low-level main lines."

"It is said that no eggs are finished when the nest is overturned. The continuous plummeting of 'big finance' and 'big infrastructure' feels like the main areas of 'big consumption', 'non-ferrous cycle', 'mobile Internet' and 'smartphone industry chain'" In the industry sector, even if there are a lot of funds buying the bottom and going long, they will be brought down by the market, and it will be difficult for a sustained rebound to occur. "

"That said, there is some logical support, but... I still think that the main market trends in the market have opportunities for rotation. After all, without any change in the bull market pattern, various sectors have started from 'Big Finance', ' The funds released from the reduction of positions in the main line of "big infrastructure" must find a way out and a position, right? At this time, besides speculating on these low-level main lines that have relatively advantageous chip structures, what else can be speculated on? "

"Look again, look again..."

"No matter what, I still hope that the market can stabilize today. The losses in the past two days were too heavy."

Along with the discussions in the trading platform discussion area, this group of retail investors, as well as the topics and comments on major stock investment discussion platforms across the entire network refreshed.

Unknowingly, the market time has reached 9:30.

The two markets, which were briefly suspended, once again ushered in the official trading period of continuous bidding.

I saw that the market had just opened.

The Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and ChiNext Index opened lower and moved lower quickly.

Among them, the popular main areas such as 'big finance', 'big infrastructure', 'military industry', and 'film and television media', where large funds were concentrated in the early stage, fell rapidly, and huge amounts of selling came out in countless ways. Funds have not given up their plans to flee these popular main lines because of the temporary stop of lightening up positions in the 'Yu Hang Series'.

And at a time when the popular main lines of ‘big finance’, ‘big infrastructure’, and ‘military industry’ are falling sharply.

'Big consumption', 'nonferrous metal cycle', 'petrochemical industry', 'medicine', 'mobile Internet', 'smartphone industry chain'... these so-called relatively low-level main lines are also declining rapidly, and there is no It can continue to show signs of rebounding against the trend.

In this situation of general market decline.

At 9:48, the Shanghai Stock Index fell 1% during the day, approaching 3,600 points.

At 9:50, in the main line of 'big finance', the securities sector index and the Internet finance sector index fell by more than 5% during the day. Among them, 'Western Securities' plunged 5% again, while 'Great Wisdom' and 'Flush' 'With two checks, there was a sharp correction, plummeting 6%.

At 9:55, the 'Securities Sector' and 'Internet Finance' sector indexes fell further to about 3%.

At 9:56, the indexes of the two major industry sectors, film and television media and sub-new stocks, also fell by about 2%.

At 10:01, two popular stocks in the sub-new stock sector, 'Huake Dawn' and 'Bluestone Heavy Equipment', also showed a trend of falling to the limit again.

The two checks have once again hit the limit.

This also led to the short-term concept stocks and popular concept stocks in the two cities to fall across the board again.

At 10:05, the 'Military Industry' industry sector index was affected, and it also fell sharply again. The industry sector index fell by 75%. Among them, China Airlines Heavy Machinery fell by 5%, and Aerospace Development and Hongdu Airlines both fell during the day. The decline reached about 7% in one fell swoop.

At 10:11, when a number of popular main lines such as 'big finance', 'big infrastructure', 'military industry', 'film and television media', 'sub-new stocks'... were all plummeting, the Shanghai stock index's decline expanded to about 5%. Among them, the A50 index's market decline at this time has exceeded the 2% position.

At 10:16, the major indexes continued to plummet.

'Big consumption', 'non-ferrous cycle', 'petrochemical industry', 'coal', 'medicine', 'mobile Internet', 'smartphone industry chain'... and other so-called low-level main lines, regardless of the net amount of main funds , or the market trend, both began to continue to decline, and the general decline of the two cities became more and more obvious.

At 10:20, the Shanghai Stock Index touched 3,600 points. It encountered a strong counterattack from the bulls and the market began to rebound significantly for a short period of time.

At 10:25, ‘Huake Dawn’ and ‘Bluestone Heavy Equipment’ opened their lower limits.

At 10:26, ‘Wangsu Technology’ and ‘LeTV’ surged rapidly into the red, and the entire ‘mobile Internet’ main line was subject to large-scale fund-raising and bargain hunting by major funds.

At 10:28, the Shanghai Stock Index fell back to less than 5%.

At 10:30, the decline of the ChiNext Index shrank to less than 1%.

At 10:32, in the main line of 'big consumption', its core industry sectors, such as 'automobiles, white goods, food and beverages, retail' and other sector indices, all turned red and rose, and continued to lead the gains in the two cities. A number of industry sectors have restored a certain degree of bullishness and hope for a rebound in the market. (End of chapter)