Rebirth of the Capital Legend

However, after a period of rapid and straight rise in a number of industry sectors related to the core theme of "big infrastructure", as well as sector indexes such as consumer electronics, petrochemicals, and security lenses, and their related concept stocks, when the initial sentiment feedback was completed and the bullish force was digested in a concentrated manner.

At 1:05, the main lines that had risen rapidly began to fall back obviously.

At the same time, a number of severely oversold main sectors such as Internet software, electronic information, film and television media, new energy industry chain, etc., and their related concept stocks, did not rise much in the early trading after the afternoon opening. At this moment, their stock prices also fell.

There is also the intraday trading volume of the two cities.

Whether it is the sharp rise after the afternoon opening, or the falling trend after the long force is exhausted.

There is no obvious trend of increasing volume, and the volume is still relatively shrinking.

At 1:09, all major hot main-line sectors and their related stocks have basically fallen back to the positions at the afternoon opening, while the component stocks and concept stocks of other non-hot main-line sectors have performed lower than the positions at the afternoon opening.

At 1:12, due to poor trading volume, the share price of 'Golden Land Group', a core hot stock in the real estate sector, fell back to around 5%, and two concept stocks, 'Capital Group' and 'Financial Street', were delisted.

At 1:15, the growth rates of the industry sector indices of the "big infrastructure" main line all fell back below 2.5%. Among them, the growth rates of the relatively weak steel and coal sector indices fell from the highest intraday level of around 3.11% to 1.89%, a drop of nearly half of the increase.

At 1:20, the concentrated long funds in the main field of "big infrastructure" were diverted, and the electronic consumer, security lens, and petrochemical sectors that followed the long fund group also began to generally fall. The active buying of related component stocks and concept stocks on the market was significantly reduced.

At 1:25, the A50 index turned positive, and the market's defensive investment sentiment began to rise again.

At 1:30, popular concept stocks in a number of oversold main sectors of the market, such as Internet software, film and television media, and electronic information, began to fluctuate and fall. Among them, many small and medium-sized concept stocks that had hit the daily limit also saw a large volume of price explosions.

At 1:35, the index plunged again.

At 1:40, the Shanghai Composite Index fell back to a 1% increase, while the Shenzhen Composite Index and the ChiNext Index also fell back to a 1.5% increase.

At 1:45, the stock price of 'Oriental Yuhong', which was at the daily limit, also began to increase in volume.

At 1:50, market divergence further increased and selling pressure continued to increase.

"Fuck, this is impossible, it opened high and closed low... it's starting to trap people again?" Noticing that the market trend in the afternoon was obviously lower than expected, and the related core hot stocks, a number of small and medium-sized concept stocks, most of them showed a pattern of increasing selling pressure and a clear decline in the market, at this moment, the old money in the main "Gusu system" hot money group, who was already fully invested in long positions, couldn't help but complain, and then said, "Looking at this, the market will continue to plunge in the next hour of trading. Obviously, it has already fluctuated greatly yesterday and the day before yesterday, and a lot of bottom-fishing profit-taking funds have been cleared. Why is the trend still so weak? It just can't continue to break upward?"

He originally thought that after the profit-making effect in the morning, the bullish sentiment would further ferment.

The market trend in the afternoon will be stronger than that in the morning.

However, I didn't expect that after the market opened in the afternoon, the market trend was much weaker than the performance in the morning.

Not only did the expected continuous breakthrough in volume not occur, but the market has continued to shrink throughout the afternoon and up to now. The group of funds that actively buy is becoming increasingly scarce, and many of them are passively taking over, and the selling pressure on the market is getting greater and greater.

"Indeed, I don't understand why the selling pressure is so great when the price is not high?" Zhang Xinlei originally thought that the market adjustment was over, and the market was bullish this morning. Logically, the market should not be like this in the afternoon. He couldn't help but say, "It seems that the sudden rise of the main sectors of consumer electronics, security lenses, and petrochemicals has quickly diverted the buying funds of the various industry sectors and concept sectors of the main line of 'big infrastructure', resulting in the inability of the core market to form an effective reversal breakthrough.

However, the 'big infrastructure' line cannot achieve an effective reversal breakthrough.

Then, the group of funds that are long will obviously lack confidence in the future market and will not dare to take large positions.

Therefore, when the 'big infrastructure' line performed poorly.

The funds in the market continued to turn into a hesitant view. There were many potential early profit-making fund groups and many institutional fund groups.

Naturally, I started to sell high and buy low again.

So once sentiment weakens, the selling pressure is so huge.”

"I said that if the current market wants to form a sustained breakthrough and rebound trend, it must focus on the core main line and concentrate on the ultimate money-making effect of the core main line." Zheng Jinming also said at this time, "If the line of 'big infrastructure' cannot be developed, there will be little hope for the trend of the entire market. At present... Although the line of 'big infrastructure' has formed a consistency in sentiment and expectations, the actual confidence of funds to go long has not been established. In the main line field, the trends of a number of popular stocks and concept stocks are indeed hesitant.

As for the core main sector, the trends of a number of popular leading stocks and concept stocks are so hesitant.

Naturally, it will be difficult for stocks in other non-core sectors to gain recognition from other long funds and develop a continuous upward trend.

Well, to put it bluntly, at present the market's investment confidence has not reversed and the buying volume is insufficient.

And with today's trend...

Limited by the buying volume and the lower-than-expected trend of the main lines, our expectations for the subsequent market trend may have to be lowered again. "

"I think there is only one fundamental reason." He Zhong pondered for a moment and responded, "That is the serious shortage of incremental funds. But I think even if the volume is reduced, there should be a certain market space. After all, after this period of continuous fluctuations, the chip structure of the major main lines in the market is relatively stable. The selling pressure of taking profit and stop loss is actually not great at all.

Lets see……

Based on past historical trends, the dive at 2 p.m. is already a routine operation.

Whether the market can really get out of this situation depends on whether the two markets can recover the lost ground after the plunge.

If after the dive and decline, there continues to be a large amount of long funds to take over the chips in the late trading stage, then I think the subsequent market trend can still be optimistic.

Furthermore, no matter from which aspect we analyze it.

After the extremely volatile trend in the previous two consecutive trading days, it is impossible for the market to fall back directly.

I continue to be optimistic, and the "big infrastructure" line, because the sentiment and expectations in the early trading session were too consistent, the current intraday volatility digests it and exacerbates some differences, which may be a good thing. "

"Indeed, the fundamental problem is the lack of liquidity." Old Qian nodded, agreeing very much with He Zhong's point of view. After a pause, he said, "But at this position, there is a short-term upward expansion space, and it does not require a large volume impact. I feel that in the late trading stage, the market index and the main stock market will most likely continue to rise."

Just like He Zhong said...

The extreme volatility in the past two days has already cleared out a lot of selling orders.

Sentiments have finally warmed up, and many major institutional investors have also managed to create some profit-making effects on the market, boosting some investment confidence. There is no reason to sell off quickly to suppress this warming sentiment, causing the index to fall back to the starting point and giving those investors who sold their shares at the bottom a chance to get back on board.

After all, falling back...

First of all, it is not profitable for the big capital groups to buy at the bottom.

Secondly, it will cause the internal chip structure to disperse again, forcing the subsequent adjustment time and space to be extended again.

It is impossible that many major institutional funds are building positions simply for charity.

Everyone’s fundamental purpose is to make money.

Naturally, there is no reason to let the index fall again and disrupt the chip structure that has been adjusted with great difficulty and re-assembled into a stable structure.

After all, this kind of thing is harmful to others and not beneficial to oneself, and is completely meaningless.

Therefore, analyzing from the perspective of the trading motives of large institutional funds in the market, at this position, the final market trend can only be upward.

Moreover, only by moving upward can we further consolidate the confidence of long-term funds.

"I think it's hard to say." Zheng Jinming didn't have such strong confidence, but he would not be bearish easily. After a pause, he continued, "Let's take it one step at a time and see how the market trends in the last hour. If the index and the core theme of 'big infrastructure' fail to repair the current plunge before the closing, and the market's money-making effect further decreases, then I will most likely reduce my positions before the closing. Alas... I bought too hastily in the morning trading today. As expected, in a bear market, there are always buying points, but selling points are relatively scarce."

"Hmm." Zhang Xinlei pondered for a while and said, "If the market continues to fall at the end of today, the rebound expectation will be completely shattered, and the index will most likely fall again tomorrow. In this case... it's right to reduce positions, but I think the index and the corresponding core stocks will most likely not move this way, because at this position, although the active buying power is relatively insufficient, the same... the power to smash the market is also relatively insufficient. Many funds simply don't have the motivation to continue to smash the market, because there are not many winners."

After the dive in the early morning session, there was another dive in the afternoon.

Basically, he believes that those who should have sold off the bottom and made profits in the previous two days have already sold off, and those who should have reduced their positions and taken profits have already taken profits and left the market.

There is not much selling pressure left.

Most of it comes from the loosening of trapped shares due to lack of confidence in the future market.

However, a lot of the trapped shares here have been cleared out in the recent extreme volatility trend. At this time... there are not many chips that can be sold.

But there is no profit, a lot of chips recently.

Under this pattern of trends in the index and individual stocks, the motivation for active selling is insufficient.

Therefore, he still believes that the market trend will not develop in the worse direction than expected, and he also thinks that there is still hope for a turnaround in the market rebound trend.

Along with the main group of "GuSu" hot money, these core figures discussed the current market trends.

Market trading hours continue to advance.

After 2 o'clock in the afternoon, after the index, major main-line-related industry sectors, concept sectors, and a number of related stocks continued to dive with reduced volume, active buying took over the funds and began to gather again.

Soon, the market once again saw a big rebound in intraday trends.

At 2:08, this check from Shouchuang Group once again hit the daily limit.

At 2:11, the real estate sector index's intraday gain re-broke through 3%, and within the sector, a number of industry-leading stocks such as Poly Real Estate, Kewan Real Estate, Gemdale Group, Greenland Group, and China Merchants Shekou saw a large number of large buy orders of thousands or tens of thousands of hands, which attracted continued buying from major institutional investors.

At 2:15, the 'petrochemical' sector continued to explode. The two leading weight stocks, China Petroleum and China Petrochemical, saw their intraday gains exceed 3%. In addition, the stock 'Yantai Wanhua', which has attracted the attention of many investors and major funds, saw its volume exceed 20 billion, and its share price approached the daily limit.

At 2:18, 'Lixun Precision', the leading stock in the 'Apple industry chain', surged 7%, with its share price setting a recent high and continuing to lead the rebound of the entire 'consumer electronics' sector.

At 2:20, a number of GEM core component stocks including Baofeng Technology, Maruda Films, Flush, Eastmoney, Netspeed Technology, LeTV, etc., all rose rapidly. Among them, Baofeng Technology, a bull stock that had gained dozens of times in the last bull market, also returned to the daily limit after the breakout.

At 2:25, the Shanghai Composite Index returned to the 1.3% increase, while the Shenzhen Composite Index and the ChiNext Index returned to the 2% increase mark.

At 2:30, many stocks in both markets returned to their intraday highs.

At 2:35, the share prices of various sector indexes, core leading stocks, and popular concept stocks under the main line of "big infrastructure" all recovered rapidly and returned to their intraday highs.

At 2:40, the money-making effect of the two cities further increased rapidly in the continued rebound.

At 2:45, the Shanghai Composite Index rose by 2% again. The A50 Index, which had risen rapidly, showed a clear dive in the late trading. The defensive attributes of the market declined, and the investment risk preference increased rapidly. Many retail investors who followed the trend aggressively increased their positions and went long. The intraday trading volume of the two markets increased rapidly.

At 2:47, the number of stocks that hit the daily limit in the two markets reached 62, while one hour ago, there were only 1 stocks that hit the daily limit in the two markets, and more than 31 stocks fell back after breaking the limit.

At 2:49, the industry sector indexes and concept sector indexes under the main line of "big infrastructure" all hit intraday highs.

At 2:50, when the market entered the last ten minutes of trading, the number of stocks that hit the daily limit in the two markets reached 73, and many stocks saw a late-trading rush of funds.

At 2:53, "Gemdale Group" was blocked by a large order and the intraday transaction volume exceeded 25 billion.

Finally, when 3 o'clock in the afternoon arrived, the two markets closed.

After violent fluctuations during the day, the Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index all closed with a bald positive line, and basically all closed at the highest point of the day. Among them, the Shanghai Composite Index rose 2.03%, the Shenzhen Composite Index and ChiNext Index rose nearly 3%, and the A50 Index rose 0.49%, becoming the index with the smallest increase among the core indices of the two markets.

"Today's trend... is really full of twists and turns." After the two markets closed, noticing the final closing situation, Yu Xiaolu, the trading team leader of the 'Jufeng Future Growth' main fund product trading room in 'Jufeng Asset Management' in Shanghai, couldn't help but breathe a sigh of relief and said with a smile, "The trend before 2 o'clock and after 2 o'clock is simply... This wave of trend at the end of the trading day is really beautiful, and it finally showed the expectations, emotions, and the market's money-making effect, which laid a solid emotional and expectation foundation for the subsequent market trend."