Rebirth of the Capital Legend

"This trend of divergence turning into consensus is really beautiful." Xu Qiao also smiled at this moment, "Originally, I thought it would fluctuate at a low level for a while. It should be in the afternoon when the volume reacts fully and the profit-taking is sold out, and then it will counterattack and try to test the 3000 point position again. I didn't expect... This trend is much stronger than I expected."

"The bulls' counterattack is indeed quite impressive," Old Wu continued, "and judging from the volume feedback, there are quite a few off-market funds entering the market today!"

"At this position, if we want to really break through 3000 points, we must replenish the volume." Brother Chen said, "From the current intraday volume situation, it is still quite good. With this trend, at least trying to break through 3000 points should not be a big problem. As for whether it can stand firm... that depends on how the weight line works. Today, the 'big infrastructure' line and the 'oversold rebound' line, which are highly correlated with the trend of small and medium-sized stocks and micro-cap stocks, have already shown the profit-making effect of the market. It is estimated that there will not be too many repetitions. What we need to pay attention to now is the weight line."

"There shouldn't be any problem with the weight line, right?" Lao Zhang said.

"At the moment, it seems that there is basically no active buying in the main weight sectors such as liquor, white appliances, medicine, consumption, electricity, and finance. If these main weight sectors can maintain this trend of shrinking volume and shock, it will be a good thing for the entire market." Brother Chen said, "The fear is that the main institutional funds in these main weight sectors will take advantage of the hot bullish sentiment in the market and pull up randomly.

If this really happens... then it won't be a good thing for other main market trends.

Once the weighted mainline sector rises, it will inevitably siphon off the active liquidity groups of other mainlines, resulting in new variables in the trend of the "big infrastructure" mainline, which has already passed the intraday divergence stage, especially the trend of small and medium-sized stocks and micro-cap stocks. "

"Yes, the best situation is for the big ticket stocks to set the stage and the small ticket stocks to perform." Old Wu nodded slightly and said, "If the main heavyweight stocks suddenly rise rapidly, it will be somewhat disadvantageous to the overall market trend."

"I feel that there shouldn't be any unexpected changes in the weighted main line today, right?" Xu Qiao stared at the relevant industry sectors of the weighted main line sector, as well as the trends of a number of core leading stocks, paused, and said, "The main landing points and focus of the long funds in the market have always been around the two lines of 'big infrastructure' and 'oversold rebound'. The adjustment trend of the weighted main line has not been completed, and the market's long-term synergy is not very good.

Even if there are major institutional funds clustered in these main areas, they are willing to take advantage of the hot market sentiment to guide them upward.

The current market attention is on the main line of weight.

It is also impossible to attract too many active capital groups to follow suit and attract too many proactive buying orders.

After all, the overall recovery of sentiment will inevitably lead to an increase in the market's investment risk appetite, and will also lead to more and more active capital groups choosing stocks with higher elasticity in the market for speculation."

"I hope so." Brother Chen nodded slightly.

"As long as the volume is replenished and the consensus expectation of long positions is still increasing, there will be no big problem," said Lao Wu. "Let's look at the gains and losses of this point in the process of the Shanghai Composite Index hitting 3000 points."

After saying that, Old Wu turned his attention back to the two stock markets.

As the market trading time continues, the main line of "big infrastructure" and the main line of "oversold rebound" are still fermenting in the bullish direction, and the major related industry sector indexes and corresponding hot concept stocks are also continuing to actively attack.

At 11 a.m., the intraday gains of the two major sectors, 'Internet Software' and 'Internet Applications', reached 3.22%.

At 11:03, 'Netspeed Technology' gained about 7% on the day, and 'Storm Technology', a big monster stock in the last bull market, once again hit the daily limit under the continuous push of bullish speculation funds.

At 11:05, 'Baofeng Technology' hit the daily limit, and the 'Film and Television Media' industry sector index rebounded sharply, with an increase of more than 3.75%.

At 11:09, the intraday increase of "Huaxin Building Materials" reached 8%, with great momentum to hit the daily limit.

11点12分，创业板指日内涨幅达到2%，华证500指数、全证1000指数此刻的盘面涨幅，也逼近2%。

At 11:15, more than 70 stocks in the two markets hit the daily limit, and more than 1800 stocks closed in the green.

At 11:17, Oriental Yuhong's intraday increase also reached 7%.

At 11:19, the 'real estate development' industry sector index rose 3% on the day, maintaining its position at the top of the two cities' industry sector growth list.

At 11:20, 'Netspeed Technology' hit the daily limit.

At 11:21, "Netspeed Technology" hit the daily limit, the ChiNext Index continued to refresh the intraday high, and the intraday increase expanded to 2.17%.

At 11:23, the Shanghai Composite Index hit 3000 points for the first time that day.

At 11:24, the Shanghai Composite Index broke through the 3000 point mark and reached 3005.28 points.

At 11:25, the half-day trading volume of the two markets increased by nearly 300 billion compared with yesterday, and the long and short trading was still fierce.

At 11:26, 'Tianshan Cement' hit the daily limit, and the 'cement' sector exploded again. The heavyweight leader 'Conch Cement' rose more than 5% during the day, and the trading volume increased.

At 11:27, the Shanghai Composite Index's intraday increase reached 1.32%, reaching 3010 points.

At 11:28, more than 2000 stocks in the two markets were in the green. Among all the indexes, except the A50 index, the intraday gains of the other indexes reached more than 1%.

At 11:29, approaching the last barrier before midday closing, "Huaxin Building Materials" hit the intraday limit.

Finally, when 11:30 arrived, the two cities closed at noon.

The Shanghai Stock Exchange Index was set at 3011.23 points, up 1.39%, while the ChiNext Index rose 2.38%. More than 80 stocks in the two markets hit the daily limit, and more than 2200 stocks closed in the green. The overall money-making effect was quite strong, and the willingness of funds to go long was also very strong.

Faced with the closing situation of the two cities.

At this moment, countless retail investors gathered on major stock investment exchange platforms across the Internet were all excited and smiling. Of course, some of them had stopped losses or took profits during the early morning sell-off and were feeling a little depressed at this moment.

"Wow, the market is really strong, with consecutive big positive lines breaking through, and it's going straight up to 3000 points!"

"I said that in this round of rebound, the Shanghai Composite Index will definitely reach 3000 points, haha... As expected, and with the volume replenished today, I feel that the market will continue to rise in the future."

"It will definitely rise in the future. This is already a comprehensive breakthrough trend."

"Yes, the Shanghai Composite Index has already broken through the previous shock platform. Of course, the more powerful 'big infrastructure' theme has already broken through in substance."

"I feel that the trend of the main line of 'big infrastructure' is a leading indicator of the market!"

"It can be said that the main line of weight has held back today. If the stocks in the main line of weight can rise a little bit and keep up with the average increase of the market stocks, the trend of the Shanghai Composite Index will be even stronger. Maybe we can see above 3030 points now."

"If the power increases, I think... it may not be a good thing."

"It's only been half a day, and the market has already released 300 billion in volume. To be honest, today's volume performance is really beautiful."

"Only when there is volume can there be a real breakthrough. The Shanghai Composite Index will most likely be able to stabilize at 3000 points."

"Well, the Shanghai Composite Index has returned to the central position of 3000 points, but the individual stocks I hold are basically still around 2500 points."

"Yes, even though the individual stocks I held rebounded today, my overall holdings are still losing money."

"Take your time. As long as the Shanghai Composite Index stabilizes at 3000 points, market sentiment will gradually improve. As long as sentiment gradually improves, why should we worry about the lack of sustained capital inflow?"

"Although the Shanghai Composite Index has now reached 3000 points, the trend this morning was really scary!"

"That's right, I almost sold it."

“Ah, isn’t this talking about me? I sold at the lowest point of the dive, it’s really speechless… If you want to break through, just break through directly. You had to kill that wave and completely wiped me out.”

"Me too, I sold at a flat price, and the stock I'm selling now is about to reach its daily limit."

"I sold it when the price dropped by about one point, and now the stocks I sold quickly are about to reach the daily limit."

"Who can tell for sure? The sharp dive in the early trading session was able to recover and continue to form a breakthrough trend, which was indeed beyond expectations."

"Yes, when the market plunged in the early trading session, the volume actually increased."

"I guess a lot of people got washed out today!"

"It would be better to wash out the chips in some people's hands, so that the pressure on the Shanghai Composite Index to break through 3000 points will be reduced."

"That's right. The main selling pressure has been resolved below 3000 points. From this perspective... the market is expected to continue to strengthen in the afternoon, and there may be a wave of -point gains today."

"I dare not even think about a 3000-point rise. As long as the Shanghai Composite Index can close above points in the afternoon, it will be a victory."

"Yes, the requirements cannot be too high. Let's stabilize at 3000 points first. As long as we can stabilize at 3000 points, we will be able to see the 3300 point position later."

“Even if it rises back to 3300 points, it’s still down overall this year!”

"It's good to fall less!"

"I feel that the deep hole created by the tragic stock market crash at the beginning of the year will definitely be repaired in the second half of the year, and there is no doubt that the core theme of this wave is 'big infrastructure'."

"In fact, in the past two days, the market speculation trend has clearly shifted towards small and medium-sized stocks and micro-cap stocks."

"Yes, if we look at the strength of the market trend, the main trend of 'oversold rebound' in the past two days is actually stronger than the main trend of 'big infrastructure'."

“Are you only looking at the trend of the past two days? Are you not looking at its sustainability?”

"It's hard to say whether it will last, but the current certainty is higher."

"The 'oversold rebound' line is indeed more elastic, but many popular stocks on this line have risen by almost 20% for three consecutive days, and some have even risen by 30%. I feel that if the speculation continues upward, it will touch the heavier historical locked-in area, right?"

"With such a strong bullish sentiment in the market and the pressure of selling from locked-in positions, it is impossible to stop the market, right?"

"The key is still the volume. As long as the volume can continue to expand and return to more than 6000 billion, there will be no need to worry about the selling pressure from the previous historical locked-in positions."

"It's a bit difficult to get back to 6000 billion, right? I think it would be good if we can maintain it at 5000 billion."

"According to today's high volume, the turnover of the two markets should be around 4200 billion by the afternoon close, which is still a long way from 5000 billion. It's a bit too early to say 6000 billion. If the volume can really be maintained at 5000 billion, then there is no need to worry about the sustainability of the market."

"No matter how high the volume is, as long as the volume increases with the market, we can continue to be optimistic."

“That’s not wrong.”

"For the line of 'oversold rebound', today's 'Huawen Online' is somewhat blocking the position of 'Quantong Education', right?"

"I don't think so. The core leader is definitely Quantong Education. The so-called main line leader is not whoever reaches the daily limit first. It depends on the driving effect on the entire main line and other stocks in the main line, as well as the strength of the follow-up effect of funds."

"Yes, just like the check for 'Oriental Yuhong'. In fact, except for the two days when President Su's 'Fuxing Road' continued to buy in large quantities and hit the daily limit, the rest of the trend was basically not closed, and there were one or two days when the closing price fluctuated sharply. However, this does not hinder the status of this check as the leader of the popularity of the two markets and the leader of the entire 'big infrastructure' main line. It does not affect the trend of the entire 'big infrastructure' main line. It all depends on the performance of this check."

"Is that the same? The reason why the Oriental Yuhong check has such a strong driving effect is mainly because of the recognition of the various capital groups in the market for President Su's Fuxing Road seat. However, the checks for Quantong Education and Huawen Online do not have this problem at all. Therefore, these checks cannot be generalized. The hype logic of each check is completely different."

"I feel that the check from 'Quantong Education' is more effective in driving the economy."

"Both stocks are concept stocks in the 'online education' sector. It should be said that the investors are speculating on the concept of 'online education', right? Could it be that there is some potential blockbuster news that has not been announced yet?"

"It's hard to say, but there is a possibility that the news may be positive."

"There may be some stimulus from the news, but fundamentally, it still follows the logic of 'oversold rebound', right?"

"Anyway, just focus on the 'big infrastructure' line or the 'oversold rebound' line. You don't need to pay too much attention to other main lines."

"Yes, these two main lines are currently strong."

"I feel that the main trend of 'big infrastructure' is more stable."

"The performance of small and micro-cap stocks has been stronger than that of the large-cap stocks and heavyweight stocks for several days in a row. I wonder... Is the overall trading style of the market really going to change?"

"Institutional stocks have been hyping up the blue chips for more than half a year. How can it be... It's time for small stocks to rebound, right?"

"Yes, anyway, the feedback from the market trend is like this. In this case, just follow the market trend. With the overall recovery in sentiment, the heavyweight stocks are definitely not worth trading. What's more... after more than half a year of continuous group buying by institutions, many heavyweight stocks are not necessarily cheaper than the small-cap growth stocks that are currently rebounding strongly in the market."

As the lunch break continues...

Amid the heated exchanges and discussions among countless investor groups in the market, bullish sentiment fermented and became increasingly intense.

At the same time, in addition to the major stock exchange and investment platforms, it is also a place where many other investor groups gather, including various financial media, internal groups of major hot money, internal groups of major institutional investors, and so on.

The corresponding discussion viewpoints are also fully biased towards the bullish direction.

Moreover, with the Shanghai Composite Index having already reached 3000 points, the financial media has also reported this extensively. Many groups of investors who have been waiting on the sidelines have also begun to turn their attention back to the stock market, wondering whether the market is indeed about to reverse and whether the opportunity to invest has really arrived.