Rebirth of the Capital Legend

"I think we can wait and see." Old Wu heard Old Zhang's sigh, thought for a moment, and said, "As long as the index does not break yesterday's closing position, it is not considered weak. The pressure of the Shanghai Composite Index to reach 3000 points is already very great under the heavy pressure of historical locked-in positions.

In addition, as the market continues to rise today, there is accumulated selling pressure from profit-taking.

Even though market sentiment continues to improve, investment confidence and long-term confidence are clearly recovering, some previously sideline fund groups are also gradually entering the market actively.

However, we need to resolve the historical trapped positions at this pressure position as well as the recent short-term profit-taking.

There must be a divergence of volume.

At present, as the market index continues to decline since the opening, the main line of "big infrastructure" with large volume and the main line of "oversold rebound" in the direction of small and medium-sized and micro-cap concept themes also have quite strong buying support.

I feel that the index is at this position and it is unlikely to adjust too deeply. If it can fill the gap at the beginning of the session and then stabilize and then oscillate and rise again, that would be a very good trend and a good intraday buying point.

Lao Zhang, most of the chips in your hand should be profitable chips now, right?

Since it is a profit chip, it has enough initiative. This position... can be taken another look.

It doesn't make sense that you could hold on to your chips when the market was still showing obvious volatility, but now the overall trend is better than the previous few days, and the upward breakthrough pattern is more obvious, but you panic and can't hold on to your chips! "

"Although the market was in a volatile phase before, the expectation of an upward breakthrough was relatively strong." Lao Zhang took over and said, "In that case, I would not panic if I was temporarily trapped, but now... the pressure of the Shanghai Composite Index reaching 3000 points is much greater than I expected, and although the short-term bullish sentiment in the market has rebounded and the investment risk appetite of the entire market has also increased a lot, but overall, everyone is not very confident that the Shanghai Composite Index can break through 3000 points and get rid of the trend of continuous shrinking and falling for more than half a year.

Just look at the current market. After the market performed weakly, we can see the increasingly strong selling pressure.

At the beginning of the opening, the selling pressure was actually not that great.

Before 9:35, the trading volume did not expand much, which shows that if the market can perform as expected or exceed expectations, it will be stronger.

There is a high probability that these internal chips can still be locked.

But now, the volume is increasing step by step, and the divergence between long and short positions is getting bigger and bigger. It is obvious that the internal chips cannot be locked, and the profit-taking and previous historical locked-in chips are all reducing their positions at highs. "

"If there is volume, there is nothing to be afraid of." Brother Chen interrupted at this time, "If the Shanghai Composite Index wants to truly break through the shackles of 3000 points, then at this position, it must release volume. During the ten minutes of today's opening, although the market trend was not very strong, and the pattern of opening high and closing low was quite serious, the volume was very ideal. This shows that the capital group that actively entered the market, as well as the capital group that hesitated and waited and watched before, were not scared by the early market's high-sell-sell trend, and are still actively taking over at lows, and the momentum is very strong.

Of course, this does not mean that there will be strong buying support as the market fluctuates downward.

The market will be able to reverse and return to its strong state at the beginning of the session.

This still depends on the subsequent buying and changes in volume.

If in the subsequent market trend, after this wave of large volume at the beginning of the trading session, the volume gradually decreases again, and the market trend begins to enter a sideways state, and the time-sharing line no longer continues to fall rapidly, then... it will be very likely that the Shanghai Composite Index will once again quickly gather bullish power to attack 3000 points and it will be very likely.

Of course, if the subsequent volume continues to expand rapidly, the differences will continue.

Moreover, the market trend continues to fall, breaking yesterday's closing position, forming a large real negative line pattern that opens high and closes low, so we should indeed be careful.

At this time, there will be basically no problem in reducing your positions.

Now...

It is indeed a little early to reduce positions and lock in profits.

At least the current market trend shows that the strength and weakness of the market is not small. At this position, it is possible for the market to continue to go up or down. "

"Well, Brother Chen is right." After listening to the analysis of the three people, Xu Qiao paused and nodded, "So much bullish power and sentiment have been accumulated before, and the market has reached the door of 3000 points. It seems that it is just one step away from the final goal. It doesn't make sense that the bullish power will be discouraged before it reaches 3000 points.

Anyway, I think the selling at this time is due to the profit-taking and the accumulated selling of trapped shares in the past.

Instead, it alleviated the huge pressure on the Shanghai Composite Index when it continued to attack 3000 points in advance.

As long as this wave can be held and the volume can be stabilized slightly, the Shanghai Composite Index will definitely touch the 3000 point level during today's trading.

At the very least, there must be a relatively obvious intraday high.

Even if this is a false breakthrough, the bullish force has continued to this day and it is indeed unsustainable, so it will only fall sharply after reaching 3000 points.

Therefore, it is indeed not very clear whether to reduce positions and take profits now.

Here, it is very likely to be the intraday low.

Of course, whether it can really break through 3000 points, at present... the certainty is indeed not very high.

Moreover, looking at the market trend, the momentum of the main line of "big infrastructure" today is not optimistic, and there is also the line of "oversold rebound"... The entire main line of small and medium-sized caps and micro-cap concept themes, logically speaking, with such a strong money-making effect yesterday, should have opened high and closed high today, first creating a wave of strong money-making effects and high space, allowing active short-term capital groups inside and outside the market to further chase high prices and enter the market.

At least the check for 'Quantong Education' should have hit the daily limit with reduced volume today, or should have accelerated the trend of hitting the daily limit.

But now, this line also shows a large divergence between bulls and bears.

In general, today's main theme of 'big infrastructure' and the main theme of 'oversold rebound', the two core main themes with the most market investors participating and the most active capital groups involved, have performed somewhat below expectations in the past ten minutes after the opening.

Since the trends of the two core lines are not quite as expected.

Then, there will naturally be certain variables in the trend of market indexes.

Therefore, I am not very confident that we can break through the 3000 point mark today, but here... it is obviously not bearish.

Just like what Lao Wu and Brother Chen said just now...

Judging from the volume situation, many active capital groups that were previously hesitant and wait-and-see inside and outside the market are actively taking over today, and the signs of entry are still very obvious.

There is a saying that goes, where there is volume, there is a market.

The more intense the turnover here is, the more it will help to resolve the subsequent selling pressure that could further impact the 3000 point level, which is not a bad thing. "

"Xiao Xu, according to what you said..." Lao Zhang said, "Today's market trend is likely to be a large-volume shock. Will the selling pressure of 3000 points above be resolved first?"

"I think so." Xu Qiao said, "And if it really goes this way, forming a cross star with large volume fluctuations, whether this cross star is a negative line or a positive line, it will be beneficial to the subsequent trend. Of course... if the differences can be resolved during the trading session today, so that the market's willingness to go long turns to consensus again, it will naturally be better, but... the probability of this happening seems not very high."

"If it closes with a doji, according to the K-line pattern, it will be an obvious upward relay trend." Lao Wu said, "But with the volatile situation at the beginning of today's trading, it feels a bit difficult to close with a doji. Just like what you just said, Xiao Xu, today's main line of 'big infrastructure' and the line of 'oversold rebound' are not strong enough at the beginning of the trading, and it is difficult to lead other main lines of the market to a smoother and ideal bullish situation!"

"Let's wait and see." Brother Chen said, "The current market performance is still very uncertain."

After saying this, he turned his gaze again to the two markets where trading was taking place fiercely.

As the market trading time goes by...

After a wave of continuous large-volume divergence at the beginning of the trading session, when the index fell to the flat line, and at the same time, the industry sector indices and concept sector indices of the "big infrastructure" main line fell back to around 1% of the increase position, or close to the flat line position, the market's intraday volume began to weaken one by one.

After many stocks fell to near the flat line.

The selling force of these stocks on the market is actually much weaker than the intraday highs. The long funds, seeing that many stocks have plummeted and fluctuated to the flat position, have obviously found support and are no longer falling. They are also afraid of missing out and that the stock price will rebound later, so their enthusiasm for buying has increased.

When the volume changes, the long and short situations also change accordingly.

At 10:03 a.m., after half an hour of high opening and fluctuating downward, the major core indexes of the market, as well as a number of popular concept stocks in the main areas of "big infrastructure" and "oversold rebound", and other popular concept stocks that have attracted relatively high attention from investors in the two cities, all began to rebound rapidly from the intraday lows again under the influence of gradually increasing buying, attempting to recover the losses from the initial shock and sell-off.

At 10:06, Oriental Yuhong surged rapidly with a strong momentum, and the increase in the market returned to the 5% mark.

At 10:07, the share price of Quantong Education also rose sharply, recovering most of the losses at the beginning of the trading session and re-consolidating the bullish forces on the market.

And driven by 'Oriental Yuhong' and 'Quantong Education', two concept leading stocks with highly recognized market recognition.

Concept stocks related to the main line of 'big infrastructure' and the main line of 'oversold rebound' also concentrated on attacking again and regained lost ground.

At 10:09, the 'real estate development' industry sector index returned to a 1.75% increase.

At 10:12, the stock of 'Huawen Online', catching up from behind, rose straight to the daily limit, and the funds responsible for blocking the daily limit placed more than 20 buy orders in one go on the daily limit, quickly blocking the buying channel of this stock and occupying the position of 'Quantong Education', becoming the new concept leader of the entire 'Film and Television Media' sector and the 'Online Education' sector.

At 10:13, 'Ciwen Media', 'Maruda Films' and 'LeTV' all rose simultaneously. At the same time, other corresponding concept stocks in the 'online education' concept theme sector also received the attention of large buying funds. The share prices rose rapidly, and several stocks even hit the daily limit.

And due to the explosion of the 'online education' sector and the rapid rise of the entire 'film and television media' sector.

The market's short-term speculation sentiment and the rebound trend of small, medium and micro-cap stocks were also boosted.

At 10:15, thanks to the rapid strengthening of the 'film and television media' sector and the 'online education' concept theme sector, a series of small and medium-sized and micro-cap oversold stocks that tend to be in the main line of emerging industries, such as Internet software, Internet applications, electronic information, 5G, consumer electronics, Apple concepts, etc., have attracted a large number of funds to follow suit and go long.

At 10:17, the 'Film and Television Media' sector index rose by 2.32%, breaking through the intraday high first, and also correcting the decline at the beginning of the session, setting a new intraday high.

At 10:18, following the rapid outbreak of the "Film and Television Media" sector, the intraday gains of the Internet software and Internet application sectors also reached 2%.

At 10:19, the three industry sector indices representing the main line of the market's 'oversold rebound', namely 'film and television media', 'Internet applications' and 'Internet software', rushed to the top of the list of increases in the two cities' industry sectors, showing a trend of leading the market.

At 10:20, LeTV's intraday increase reached 5%, also setting a new intraday high, continuing its strong and sustained rebound trend.

At 10:22, driven by the three major industry sectors of 'film and television media', 'Internet software' and 'Internet applications', as well as a number of other small and medium-sized and micro-cap stocks in the market, the ChiNext Index, the CSI 500 Index and the ZTE 1000 Index all showed a strong upward trend again.

At 10:25, the ChiNext Index's intraday increase exceeded 1.2%.

At 10:27, the ChiNext Index's intraday increase reached 1.45%, making it the first among all the indexes to recover from the initial plunge and set a new intraday high.

Next came the CSI 500 Index and the ZSE 1000 Index.

In the following few minutes, the stock price almost rose in a straight line, recovering from the plunge at the beginning of the session.

At 10:31, driven by the strong bullish and profit-making effect of a number of small and medium-sized and micro-cap stocks in the market, the Shenzhen Index and the Shanghai Index also began to actively rise. At the same time, the main line of "big infrastructure" also began to gradually reverse the plunge at the beginning of the session after clearing the profit-taking at the beginning of the session.

At 10:34, Oriental Yuhong's intraday increase reached 7%.

At 10:37, "Shou Chuang Group" once again hit the daily limit after a huge intraday shock of nearly 11 points.

At 10:39, "Capital Group" once again hit the daily limit. In the entire "big infrastructure" main line field, the "real estate development" industry sector index was the first to create a new high at the beginning of the session, fully repairing the shock adjustment and decline at the beginning of the session, and continuing to show a strong breakthrough trend without any hesitation.

At 10:42, driven by the main theme of "big infrastructure", the Shanghai Composite Index returned to 2990 points and once again made an impact towards 3000 points.

"Looking at this trend, the divergence of funds at the beginning of the trading session seems to have been resolved now." Noting that the market trends of the two cities have gradually turned to consensus after the drastic divergence of large volumes at the beginning of the trading session, forming a trend of continued upward breakthrough, Lao Zhang, one of the main speculators of the 'Magic City Ultra Short Gang', smiled and said, "This trend... is indeed the same as what Lao Wu and Brother Chen said. Fortunately, I didn't sell before 10 o'clock. Looking at this, the Shanghai Composite Index is likely to step on 3000 points today."