Rebirth of the Capital Legend

"Yeah, I agree." After listening to Brother Chen's analysis, Old Wu nodded and said, "It should be a high probability that it will continue to step back to yesterday's low point to confirm the support position."

"Then I'll wait for the opportunity to increase my position." Xu Qiao said.

"However, if the market adjusts overall, the 'big infrastructure' line may not necessarily adjust as well, right?" Lao Zhang paused and said, "Since the 'big infrastructure' line has formed a relatively consistent long expectation in the entire market, there should be no shortage of potential active buying in this core main line area, and the actual market trend can also show this.

The main trend of "big infrastructure" is obviously stronger than other main trends in the market.

Even though the index will most likely fall back to yesterday's low for further support confirmation, I feel that there is a high probability that the index will not fall any further due to the core leading stocks in the main field of "big infrastructure" and the strong follow-up buying funds, as well as many popular stocks with high market recognition and attention.

There is a high probability that these stocks will maintain a strong sideways trend during the index correction.

And if the market really moves in this way, and the "big infrastructure" maintains a sideways and volatile trend... then it doesn't matter if you build a position one step ahead. "

"From the logic of potential buying power, it is indeed true." Lao Wu said, "But we still have to respect the market trend. Before the market trend really comes out, no one knows how it will change. In my opinion... at this time, increasing positions in hot stocks related to the main line of 'big infrastructure', although the risk is not high, the certainty is still obviously insufficient. Wait a while... wait until the market comes out before taking action. The cost of chips will not be much higher, but the certainty will obviously be higher."

"Old Wu is right." Xu Qiao responded, "Let's wait until the market has further developed and the market trend is clearer before adding new positions."

Having said that, he turned his attention back to the two markets which were experiencing fierce changes.

It was just a brief discussion between a few people.

As market trading hours go by, the performance of major market indices and the trend of the main line of "big infrastructure" have continued to decline a lot compared to before their discussion.

Among them, the decline of the ChiNext Index has approached 1%.

Moreover, the main buying funds group that actively went long at the beginning of the session has now once again generally concentrated on defensive main-line sectors such as liquor, white appliances, medicine, consumption, and finance.

Even the stock of 'Oriental Yuhong', which has attracted much attention and has already achieved a profit-making effect at the beginning of the trading session.

At this moment, all the gains after the opening have been completely swallowed up. The stock price has returned to the opening position, and the selling force on the market is gradually increasing.

As for other industry sectors and concept sectors that are not the "big infrastructure" main line sectors and non-defensive main line sectors.

The performance at this moment is even worse.

The oversold main sectors such as Internet software, electronic information, film and television media... have almost hit new lows in just a short period of time.

Among these sectors, a number of concept-themed stocks showed a rebound trend at the beginning of the trading session.

They are all in deep water.

At the same time, as the market opened high and closed low again, continuing its downward trend, the investment sentiment in the two cities once again showed a trend of collapse.

Especially on online stock investment discussion platforms where retail investors gather in large numbers.

Countless complaints and pessimistic voices have continued to spread, once again suppressing the emotions in the two markets, and adding more stop-loss orders and sell-off pressure.

"Oh my god, what the hell is this trend? It opens high and closes low every day?"

"I'm speechless. I finally had a little hope in my heart this morning, but now I'm disappointed again."

"It's really poisonous. No matter how the market opens, the result is always the same, it keeps falling."

"I really don't understand. Where do all the selling come from? Didn't they say that institutions didn't sell in large quantities? Why do the main funds in the market show a net outflow trend?"

"Are all those being sold off sell orders or stop-loss orders?"

"I'm speechless. The banking sector, liquor sector, and white goods sector have started to rise against the trend again. If these sectors rise together, the market will collapse again."

"Can the 'national team' be a little more innovative? They always bring in the banking sector."

"I said this position couldn't hold. Alas... I got harvested again today. I still couldn't control myself. Whoever was bullish in the early trading session, another wave of inducement to buy."

"The market sentiment is weak to begin with, and it still opened higher? Isn't that going to encourage people to dump the market?"

"The external market is soaring, there are positive news, and the market valuation is not high. Why is the market so bad? I really don't understand."

"Yes, look at the U.S. stock market, which keeps hitting new highs. And then look at us..."

"If we continue to fall, we will really reach a bottomless abyss."

"Since it can't hold here, why did it open so high in the morning? It tempted another wave of retail investors chasing highs to go in and kill it."

"Will the market crash yesterday fail and happen again today? At this position, if it continues to crash... I really can't bear it. Should I stop loss?"

"I finally understand that it is always the right time to stop loss for A-shares."

"That's exactly what happened. I really don't want to play anymore, but unfortunately I'm already stuck."

"Alas, the 'big infrastructure' line is not stable either. I am really impressed. Who is the one who crashed the market? The price hasn't risen, but why is it being sold so heavily?"

"It should be the panic caused by the funds that bought the bottom yesterday?"

"But the stocks in the oversold main sectors such as Internet software, electronic information, film and television media, haven't rebounded much. Why are they still being killed so hard?"

"Yeah, damn... there's no rebound at all, this is a new low."

"It's true that I never got to eat meat, but I got beaten every time."

"This trend is ruined, ruined... I think I should stop the loss. I feel that yesterday's low point will most likely fall below it today. The ChiNext Index has no resistance at all and is almost in a straight-line dive."

"Alas, I shouldn't have chased it in the early trading. Now I want to stop the loss, but I can't even cut it."

"I was deceived, I knew it... Big A can't be trusted."

"Where is the promised rebound? There was no rebound, but a sharp drop has occurred."

"It's really abominable. The banks have reached a new high. The index has reached a new low and the banking sector has reached a new high. How can this trend be possible?"

"It's not just the banking sector. Liquor, white goods, medicine, consumption... all are rising. These sectors didn't rise in the morning, but now that the market has started to dive, these sectors have started to rise again. It's really a market wrecker. Seeing these sectors rise against the trend is more painful than me losing money."

"That's right. I don't understand. The leading stocks in these sectors are almost reaching their highs in the last bull market. How can they still go up?"

"It's because of the institutions banding together. There's nothing we can do about it!"

"Why are these stocks able to reach new highs, while the stocks we hold always reach new lows?"

"Let's abandon small and medium-sized concept stocks. There is really no major fund willing to trade small and medium-sized concept stocks in the market now."

"I can't cut it. It's 70% covered. How can I cut it?"

"Indeed, the big stocks are rising and the small stocks are falling. I am really annoyed."

"Institutions are making money, retail investors are losing money. If the market continues like this, it's time to liquidate your positions."

"The 'big infrastructure' line is okay, I hope it can hold up. I feel that this core line is the best in the current market. If this line holds up, the market may reverse in the afternoon. If this line doesn't hold up, then there will definitely be a sharp drop today."

"I feel that the 'big infrastructure' line is also difficult to support on its own."

"It's not the only one, right? Aren't liquor, white goods, medicine, consumer goods... these sectors also rising?"

"Can the logic be the same? However, I am still optimistic about the market of 'big infrastructure'. At today's low point, I will continue to increase my position in 'Oriental Yuhong'."

"I also added to my position in the Gemdale Group. No matter how you look at it, it's cheap."

"At present, the A-share real estate, steel, coal, nonferrous metals, building decoration, and building materials sectors are indeed undervalued due to the overall reversal of the offline real estate market, but it is hard to say whether this valuation gap can be repaired. A-shares have always had the tradition of making it harder for stock prices to rise the better the performance."

"In any case, in the entire market, only the sectors related to the main line of 'big infrastructure' still have major buying funds flowing in, while all others have turned into a net outflow trend."

"The worst hit sectors are still internet software, electronic information, film and television media... these sectors."

"I think the fundamental reason why these sectors fell so much is that they were overpriced in the last bull market."

"You can think so, but it's a bit outrageous that the stock price can still fall so much after it has fallen to this level. Sigh... the market is too difficult to trade."

"It's still more comfortable to speculate in real estate. Not only does it have its own leverage, but the housing prices are always rising!"

"House prices are rising, so why aren't real estate stocks rising?"

"House prices and real estate stocks, the logic between the two is still fundamentally different, right? What puzzles me most is that... real estate stocks are clearly doing well in the Hong Kong stock market, but real estate-related stocks in the A-share market are simply not keeping up."

"Yes, if the Hong Kong stock market continues to rise, the AH price difference of Conch Cement will be almost wiped out."

"How can I put it? It's still the big funds of our A-share market that have no pattern."

"The panic selling today doesn't seem like an institution, right? In fact...during this period, institutions haven't sold much chips, and the ones selling are mainly selling at a loss and stopping losses."

“I don’t think it’s that important who is behind the crash. The most important thing is… the lack of liquidity in the market.”

"For the liquidity issue, the central bank needs to lower interest rates and reserve requirements before there can be any fundamental changes. Otherwise... relying solely on the market to regulate itself is hopeless!"

"Indeed, without the influx of new funds, the market will not rise."

"Now everyone is speculating in real estate. Who would speculate in stocks? If I say I am speculating in stocks, my friends will look down on me."

"Isn't it said that there will be purchase restrictions on houses soon? After the purchase restrictions are issued, the property market will be suppressed, and some hot money should flow back into the stock market, right?"

"Won't housing prices continue to soar after the sales restriction order was issued? Why do I feel that this is not suppressing the property market, but adding fuel to the fire?"

"You know what, I feel the same way."

"In any case, with the support of the hot offline real estate market, the 'big infrastructure' line will not fall too much, right?"

"The industry sector index will definitely not fall much, but it's hard to say for individual stocks."

"I now find that buying industry ETF funds is much closer to stocks than stocks, and the losses are much less."

"That's true. Index funds are less volatile."

"And all you have to do is pick the right industry. It's easier than speculating in stocks."

"The market is generally falling, it doesn't matter what you buy..."

Accompanied by fierce complaints and grumbles from countless retail investors.

The market trend after 10:30 became even worse as sentiment quickly receded. There was basically no proactive buying power in the entire market, across all industry sectors, concept stocks, and numerous small and medium-cap concept stocks.

The two markets have core leading stocks with weights in defensive sectors such as liquor, white appliances, medicine, consumption, and banks.

There are also a few industry-leading stocks in the main area of ​​'big infrastructure'.

Other stocks have basically all shown a downward trend.

Among them, several major sectors such as Internet software, electronic information, film and television media, which have been sold off severely by stop-loss and sell-offs, have already hit new lows, and related core concept stocks, such as Baofeng Technology, LeTV, and Netspeed Technology, have plummeted to a drop of nearly 5%.

At 10:45, the Shanghai Composite Index continued to fluctuate within a decline of 0.6%, while the decline of the ChiNext Index had widened to 1.5%.

At 10:55, the share price of "Oriental Yuhong" turned green, and the entire "big infrastructure" main line field-related industry sectors and concept sectors were all dragged down from rising to falling.

At 11:05, only the banking, insurance and liquor sectors rose in the two cities.

At 11:15, the ChiNext Index and the CSI 500 Index hit new lows in the recent adjustment, falling below the intraday low of yesterday's deep V rebound trend.

At 11:20, the two markets once again saw more than 1500 stocks falling.

Finally, when 11:30 arrived, the Shanghai Composite Index was still fixed at a drop of 0.63%, but the ChiNext Index had fallen by nearly 2%, and the A50 Index maintained a positive trend.

After the two markets closed at noon...

Faced with the market polarization again, with large and small caps performing completely differently and small-cap concept stocks collapsing across the board, the complaints and grumblings in the hearts of countless retail investors have become more intense.

"I didn't expect that the market could fall so sharply at this position." Faced with the market sentiment that took a sharp turn for the worse after the midday closing and the extremely poor market performance, Yu Xiaolu, the trading team leader in the Jufeng Future Growth Fund Product Trading Room of Jufeng Asset Management Company in Shanghai, was speechless and said, "With this sentiment, it's uncertain whether yesterday's low can be maintained after the market opens in the afternoon!"