Rebirth of the Capital Legend

At the same time, late at night, the trend of the US market continued its previous strong attitude, opening high and closing high, setting new highs, continuing to stimulate and boost investment confidence in the global financial market, as well as the expectations of the domestic investor group for tomorrow's market trend.

With both domestic and foreign news tending to be positive, investors' expectations are generally optimistic.

The next day, Wednesday, August 8th.

Before the market officially opened, emotions were already high on all major stock investment exchange platforms on the Internet, as well as in major online and offline internal groups.

"Looking at the pre-market sentiment, there is a high probability that the market will open higher today, right?"

"It will definitely open higher, there is no doubt about that. After all, after the A-shares closed yesterday, the Hong Kong stocks continued to rise for a while, so when the A-shares open today, they will definitely make up for the losses."

"Even if there was no stimulus from the Hong Kong stock market's rise after the A-share market closed yesterday, with the positive trend of the external market yesterday and the positive stimulus from the news, the major market indexes should have been expected to open higher today. However, in the late trading yesterday, funds were scrambling to buy stocks. I'm thinking... if the major market indexes open too much higher today, I'm afraid they will face a lot of selling pressure!"

"Well, if the stock opens too high, the first-hand funds that rushed to buy stocks at the end of yesterday's trading will most likely sell them off."

"Just smash it. As long as the upward trend does not change, short-term profit-taking will not affect the fundamental trend of the market."

"That's true. Currently, whether it's the Shanghai Composite Index, the Shenzhen Composite Index, or the ChiNext Index, they have basically entered a bullish trend. I feel like the index won't fall in the short term, right?"

"That's for sure. It just broke through 3000 points. There is no reason for it to fall back."

"In fact, the risk of the index falling is definitely very small under the current situation. The key is...how the main market lines and individual stocks will move is more important."

"Yes, yes, it is most important to pay less attention to the index and more attention to individual stocks."

"In terms of individual stocks, I feel the market will still develop around the core theme of 'big infrastructure'?"

"I don't think so. The current market's downside risk is basically gone, and market sentiment has generally improved. With everyone's investment risk appetite generally rising, I feel that the capital groups in the market will most likely give up some stocks with limited short-term flexibility and choose some small and medium-cap and micro-cap stocks with relatively good flexibility as breakthrough directions to hit the market's highs."

"You mean the funds in the market will focus on the 'emerging industrial chain' line for speculation?"

"It doesn't necessarily have to be the main line of 'emerging industrial chain', right? Low-priced small and medium-sized stocks, and small and micro-cap stocks should all have the opportunity to be noticed and hyped by funds."

"What about the two sub-lines of 'consumer electronics' and 'new energy industry chain' that exploded during yesterday's trading? What do you think?"

“I feel like there’s still a chance to get out of these two lines!”

"At least today, the core stocks of these two branches will definitely open at a significant premium, but I don't know how long it will last."

"Looking at yesterday's Dragon and Tiger List data, the main funds involved in several stocks such as Changying Precision, Xinwei Group, and Tianci Materials were relatively resolute, and the news after the market was also biased towards the positive direction. I feel that these stocks... are likely to be able to break out of the trend of a second consecutive limit. Even if these stocks today cannot close at the daily limit, there is still a high probability that there will be room for further upward movement."

"If these stocks want to break through the trend of two consecutive daily limits, I'm afraid that the 'Huawen Online' stock must set a benchmark effect and continue to rise strongly today, only then will there be hope? Looking at the main market trends, especially the 'emerging industrial chain' line... It is obvious that the leader is the 'Huawen Online' stock."

"Is it likely that the price of 'Huawen Online' will continue to rise today?"

"It's hard to say. In yesterday's market performance, the film and television media and online education sectors, which are strongly correlated with the 'Huawen Online' check, did not perform well. The main reason was that 'Quantong Education', 'LeTV', 'Wunda Films'... these core hot stocks in the early stage performed too weakly, dragging down the sector and related sentiment expectations."

"Well, I also think that the trend of the 'Chinese Online' check today is a little hard to predict."

"I think that if the core leaders in this round of small- and medium-cap and micro-cap stock rebound cycle all stop at three consecutive boards, then other stocks will not be able to open up space, right? In this way... even if today's hot spots continue to be on the two lines of consumer electronics and new energy industry chains, if the 'Huawen Online' check has not come out and the market hype has not been opened up, then the relay of 'Xinwei Communication', 'Changying Precision', 'Tianci Materials'... these stocks are actually not cost-effective. After all, if the 'Huawen Online' check cannot come out, then the current market height space will be suppressed at the third board height. In this way... the second board relay will only have less than 10% profit space upward, which is really meaningless."

"Yes, whether you admit it or not, the check from 'Chinese Online' is the current sentiment barometer of the market."

"Isn't the check from 'Oriental Yuhong' the weather vane of sentiment?"

"The Oriental Yuhong check represents the direction of the main weight line, or the direction of blue chip performance stocks, right? I feel that the Oriental Yuhong check does not have a big driving effect on the speculation trend of small and medium-sized and micro-cap concept stocks, and the Oriental Yuhong check is not a stock dominated by hot money."

"Why isn't it a stock dominated by hot money? Doesn't Mr. Su's Fuxing Road count as a hot money seat?"

"The current 'Fuxing Road' doesn't really count."

"Yes, now Fuxing Road can be regarded as an institutional seat. Haven't you seen that the stocks bought by Fuxing Road are basically large-cap stocks with high weight? It feels that Mr. Su's trading style is completely different from before. Oriental Yuhong can be said to be the leader of the two markets. The trend of this stock is related to the index performance of the entire market. As for the short-term speculation trend of small and medium-cap stocks, it is more appropriate to look at the feedback of the market trend of Huawen Online."

"Unfortunately, the film and television media and online education sectors are likely to collapse."

"Not necessarily. Previously, the 'big infrastructure' line also experienced a sharp decline against the trend, and then a strong rebound the next day. I remember that the core leader 'Oriental Yuhong' almost hit the limit down at that time."

"In fact, the positive news expectations for film and television media and online education are still quite strong."

"What's the use of strong positive news? We still have to look at the intentions of the main funds in the market."

"With the support of news, the sentiment will not be bad. Then when other branches encounter a certain degree of selling pressure, funds will naturally turn to invest in these branches with better sentiment and news. I think there is nothing wrong with this analysis."

"Yes, I also think that the rebound of the film and television media, Internet software, and Internet applications sectors has not ended yet. I even think that the rebound of these sectors in the early stage is just the beginning. These sectors have not really reached the stage of rebounding and rising."

"Looking at the K-line trends of the major sector indices, there is indeed upward momentum."

"As long as the market trend is still in a state of continuous rotation of the internal main line, the film and television media, Internet software, and Internet application sectors will definitely have opportunities. Even the individual stock targets may still change. Anyway, I think that in terms of short-term elasticity, these sectors with the most severe oversold prices are the best. The consumer electronics and new energy industry chains seem to be a little worse."

"I agree. In fact, it is much better to stick to one main line now than to switch back and forth."

"Oh, that's right. I chased the hot spots for a long time and found that I didn't outperform the index at all. How great it would have been if I had held on to the Oriental Yuhong check from the beginning. Why did I sell it when it plummeted that day? I really couldn't hold on. The key is that chasing hot spots is easy to get slapped in the face back and forth."

"Why not just buy it back? I feel like the price of Oriental Yuhong hasn't peaked yet!"

"The price is too high to buy at this location. I can't afford it."

"If the Oriental Yuhong check can give a clear opportunity for a pullback, it would be a good buying point. Just forget about continuing to chase higher prices."

"It seems that the growth rate of the checks from 'Oriental Yuhong' has slowed down a bit recently, right?"

"Well, the upward slope has indeed begun to decline. It basically did not go back to the 10-day line before. Now the slope is gradually decreasing, and it feels like it is going to go back to near the 10-day line."

"It's not certain if it will fall back to the 10-day line, let's wait and see if it falls back to the 5-day line."

"The 'big infrastructure' line was previously tasked with breaking through the index, right? Now that this task has been completed, is the trend of the entire main line going to slow down? I feel that in recent days, some core weighted leading stocks on the 'big infrastructure' line, as well as early concept leading stocks such as 'Capital Group', 'Huaxin Cement', 'North Frontier Communications Construction', and industry leading stocks such as 'Conch Cement', 'Poly Real Estate', and 'Huaxin Building Materials', have fluctuated in their trends. Although overall, they have not fallen much, they have also shown a large-volume sideways trend with great divergence between longs and shorts."

"Isn't it time to stop and slow down the 'big infrastructure' line? If it continues to rise... the active funds in the entire market will be siphoned away."

"I feel that the current rotation trend is also quite good. A slight adjustment in the 'big infrastructure' line should be good for other main market trends. This way, funds can be withdrawn from the 'big infrastructure' line and flow into other main areas."

"Yeah, that's true, but the rotation speed is a bit fast and I obviously can't keep up."

"There still needs to be incremental funds coming in from outside the market. It seems difficult to support the market to continue to rise just relying on the funds in the market."

“I’m afraid it’s not that easy for incremental funds from the off-site to come in!”

"It's mainly because of the three rounds of stock market crashes that scared everyone. Now everyone is more concerned about the property market, and the stock market seems to be somewhat neglected."

“Why do I feel like the stock market is the opportunity now? Didn’t they say that the registration system will be liberalized later? If the stock market doesn’t pick up, how can the registration system be implemented?”

"What registration system? Didn't they say the registration system was slowing down?"

“Shouldn’t the news about the registration system be bad news for the market? If you ask me… the market conditions are not good, IPOs should be suspended.”

“Except for a liquidity crisis, there is no way that IPOs can be suspended.”

"Indeed, it feels like our A-shares are just getting fatter, but not taller."

"Well, the size of the two markets and the number of listed stocks are indeed increasing."

“Alas, with IPOs becoming the norm, it feels like there is no hope for a bull market again!”

"You're just overthinking about the bull market. You should focus on the present and keep an eye on the stocks you own. You may not be able to make money in a bull market."

"Well, I always feel that the overall ecology of the market is constantly changing, but I can't tell exactly where it is changing."

“Is the bias of the main capital group in the market changing?”

"It seems like this. It seems that performance-driven growth stocks are indeed more favored by major funds. I just don't know if this change in form will last long and how long it will last."

“Don’t worry about how long it will last, just do what’s important at the moment, follow the trend, and don’t judge the trend. I think it’s better.”

"That's the truth, haha... Anyway, the fact that the market is generally improving is enough."

Along with the major stock exchange platforms across the Internet, as well as major online and offline internal groups, there are heated discussions among countless investor groups, and various opinions collide on the pre-market trends.

Soon, everyone's attention was focused, and at 9:15, the two markets ushered in the initial call auction.

As soon as the clock passed 9:15, the stagnant trading surfaces of the two markets began to change rapidly. Soon after, the vast majority of stocks opened higher, and all major industry sector indices closed in the green.

Among them, the consumer electronics and new energy industry chain main-line related industry sectors and concept sectors, which performed relatively well during yesterday's trading and received obvious attention from the main capital groups, showed a clear high opening trend after a night of emotional fermentation in the form of trend inertia. The high opening gains were among the top positions among the major industry sectors and concept sectors in the two cities.

Especially the Apple concept index in the consumer electronics sector.

It even opened directly at an increase of more than 2.5%, and many core concept stocks such as 'Changying Precision', 'Goertek', 'O-Film Technology', 'Xinwei Communication', etc., opened higher by more than 5%, and the active buying was very strong.

In addition to yesterday's intraday performance, especially the strong performance of the main and branch sectors which were snapped up by a large amount of funds in the late trading.

The initial call auction patterns of the two cities' core leading stocks, such as Oriental Yuhong and Huawen Online, which are the focus of the vast number of investors inside and outside the market, also showed a clear high opening trend.

Among them, 'Oriental Yuhong' opened slightly higher with an increase of 0.5%.

As for 'Huawen Online', driven by extremely strong buying power, it still maintains the trend of opening at the upper limit. However, compared with the active buying power in the call auction stage yesterday, the active buying power at the upper limit today is obviously much weaker. In the initial call auction stage, there were only less than 2000 buy orders placed at the upper limit price.

But even if the buying power on its daily limit is not strong.

The fact that this check was able to open at the daily limit at the time of the initial call auction exceeded the psychological expectations of most investors in the market who were paying attention to this check.