The investment era of rebirth

Chapter 398 Bulls' Continuous Attack!
At 9:31, Shanghai Construction Engineering closed the board in a flash, and tens of millions of funds were rushed to raise money on the board.

At 9:32, Bayi Iron and Steel hit the board in a straight line, and within 1 minute, the trading volume exceeded 1500 million.

At 9:33, Kumho Group also rose in a straight line and hit the daily limit. At the same time, the market value once again exceeded 350 billion, returning to the peak stage when it was listed last year.

At 9:34, China Fortune Land Development rose by more than 7%, and Shibei High-tech rose by more than 8%. Yichao's large-cap stocks also rose by more than 4% instantly, and within 1 minute, the increase exceeded 2%.

At 9:35, the Shanghai stock index stood at 2450 points, and the major industry sectors of real estate, architectural decoration, and building materials also broke out again.

At 9:40, the real estate industry sector rose by more than 3%. Leading stocks in the sector such as Poly Real Estate, Kevan Real Estate, and Gemdale Group also rose rapidly with a large amount of funds rushing to raise funds, with an increase of nearly 5%. And among the constituent stocks of the entire sector, more than 5 stocks hit the daily limit price.

At 9:45, when the two main lines of 'infrastructure' and 'state-owned enterprise reform' rose rapidly, and related hot concept stocks and value blue chip stocks were flying together, weak securities, insurance, banks, non-ferrous metals, coal, and consumption Core stocks in the fields of stocks, medicines, etc. began to gradually lose blood again. At the same time, after the highest impact of the Shanghai Stock Exchange Index hit 2458.76 points, it also began to stagflate and fell slightly.

At 9:50, this situation where the strong get stronger and the weak remain weak becomes more and more obvious.

At 9:55, during the entire 10-minute period, the Shanghai stock index no longer hit a new rebound high, but fell into a slightly weak sideways trend. Popular concept stocks and core-value blue-chip stocks are still being aggressively raised by active funds on the market and incremental funds following up outside the market. The strong attitude is the same as at the beginning of the market.

At 10:01, in addition to the main line fields of 'infrastructure', 'state-owned enterprise reform', 'mobile Internet', and 'smart phone industry chain', which have strong popularity and emotional effects, the attack situation of the main funds in other main line fields is obvious. As the tide ebbs, the main capital flow of the two cities is also further concentrated towards several popular core main line fields.

At 10:15, the Shanghai stock index continued to fluctuate and fell back slightly to the line between 2440 and 2450 points. The profit-making effect of the two cities was completely concentrated in the 'infrastructure', 'state-owned enterprise reform', 'mobile Internet', and 'smartphone industry chain'. On the main line, the follow-up effect of investors has also weakened somewhat compared to the beginning of the session.

"The two core market trends of 'infrastructure' and 'state-owned enterprise reform' are still reliable!"

Seeing that about half an hour after the opening of the market, the entire market trend is still unfolding around the two core main areas of 'infrastructure' and 'state-owned enterprise reform'. There is not much opportunity for other main lines. Online stock trading On the forum, some investors couldn't help but sigh with emotion.

"It seems that the general rise in the market is still an extravagant hope, and the market's situation of 'the strong will always be strong, and the weak will always be weak' has not changed."

"What do you think about the general rise of the market? The current market volume can't support the general rise of the overall market, right?"

"This wave of rebounding market was originally driven by the two main market trends of 'infrastructure' and 'state-owned enterprise reform'. In the case that these two main market trends have not been completed, it must be the priority in investment transactions. It is the safest and easiest way to make profits if you stick to the direction of these two main lines!"

"Haha, there is nothing wrong with a structured market. After this wave is over, you can make the next wave."

"Every round of a big bull market actually develops from a structural market to a comprehensive market. This time it is not a comprehensive bull market. Naturally, the only way to go is the structural market."

"It's fine if you can make money, no matter what the market is."

"Indeed, no matter what the market is, it is always right to follow the buying direction of the main funds."

"Judging from the changes in market volume in the half hour since the opening of the market today, the main funds in the two major areas of 'infrastructure' and 'state-owned enterprise reform' are still showing a state of net inflow, but the relative position is very low. In the fields of "securities, insurance, banking, military industry, consumption, medicine, non-ferrous metals, coal" and other fields, the main funds are still showing an outflow state, which shows that the main funds are obviously still converging in the fields of "infrastructure" and "state-owned enterprise reform". It shows that the large financial institutions in the market are still adjusting their positions on a large scale in the direction of these two main lines."

"It is obvious that the two main lines of 'infrastructure' and 'state-owned enterprise reform' have entered the stage of the main market rise."

"Indeed, looking at the trend of a series of stocks of 'Beixin Road and Bridge, Beijiang Communication Construction, Shibei High-tech, Shanghai Construction Engineering, China Fortune Land Development' today, they are really strong."

"What the hell, I started placing orders at 9:15 this morning, but I still didn't get any chips for Beixin Luqiao."

"One-word daily limit, and there is no large increase in volume. At this time... without the advantage of a large capital channel with exclusive seats, it is difficult to buy in."

"Beixin Road Bridge and Beijiang Communication Construction are obviously not available today."

"It's better to follow the trend and buy stocks such as Shanghai Construction Engineering, Shibei High-tech, Yukai Development... these second-tier leading concept stocks, and today's trend is quite beautiful."

"I have followed the trend and bought Yukai, hehe... I got another daily limit."

"It looks like the real estate sector is going to take the lead again today!"

"These days, it's basically the 'building decoration, building materials, real estate, and public transportation' sectors that are constantly rotating to lead the rise. In fact, as long as you buy around the two core concepts of 'infrastructure' and 'state-owned enterprise reform', which one should you pay attention to?" Direction, there is no problem."

"But the strongest ones are stocks with 'infrastructure' and 'state-owned enterprise reform' superimposed on the concept of 'Shanghai Free Trade Zone'."

"Looking at the situation, I feel that Beixin Road Bridge should have entered the accelerator stage, right?"

"The height of eight boards, I don't know if it can exceed 10 boards, but I guess... After this wave of acceleration and divergence, it should be almost hype?"

"I don't know, let's see when President Su will come out! At least for now, President Su is still locked up."

"The index is already approaching the 2500-point mark. According to the current market sentiment and the increase in main funds, the two core lines of 'infrastructure' and 'state-owned enterprise reform' will surely lead the Shanghai Index to cross the 2500-point mark, right?"

"Currently, the Shanghai Stock Exchange Index is only about 2500% away from 3 points, which is only a distance away from a big positive line. With such a strong upward trend, there will be no problem at all breaking through 2500 points, that is...'Securities, insurance, banking , non-ferrous metals, and coal sectors have been holding back the market, and some have restricted the upward pace of the index.”

"Hey, I have to say, 'Big Finance' is really weak, it can't support the index at all!"

"Why is 'Big Finance' so weak? It stands to reason that if the market is expecting a bull market, 'Big Finance', as the engine of the bull market, should play a pioneering role and should not be in this trend."

"The lock-up is too heavy, the market liquidity is limited, and the main force can't pull it?"

"It should be a question of the direction of fundamentals. At present, major financial institutions in the market expect the central bank's monetary policy to remain tight. There is no sign of loose monetary policy. At the same time, the banking industry is in a state of crisis. In the process of shrinking foreign assets, there are no new growth expectations in the entire "big finance" field, and there are no new stories to tell. Except for the advantages in valuation, there are really no expectations to speculate. This situation... It’s no wonder it can go up.”

"Unless the market turnover exceeds 2000 billion, there will be a clear market for securities."

"History will not simply repeat itself. I think that compared with the traditional financial field, the opportunities in the direction of 'Internet Finance' are obviously much greater."

"Is the direction of 'infrastructure' and 'state-owned enterprise reform' more clear?"

"If there is a bull market, the directions of 'infrastructure' and 'state-owned enterprise reform' are definitely the core of the main market direction. I feel that the market in these two main areas has only reached the foot of the mountain now."

"I also have this feeling, so I directly bought Huaguo Zhongjian and Huaguo MCC."

"I also have a full position. This round is going to be in the medium and long term. I feel that the market's continuous rise in volume and price in the past month really looks like a bull market."

"In short, at this time...it's right not to be pessimistic."

"I recalled the famous post that Mr. Su posted on the forum last year. I remember that Mr. Su proposed that the Shanghai Stock Exchange Index would be around 2000 points a year ago. This is an absolute opportunity for layout, right?"

"Actually, judging from the development of the market this year, the same is true!"

"Hey, the holdings are expected to rise, and the holdings are expected to rise. This wave... will definitely recover all the previous losses."

"I'm still short of a 20% increase before I can get out of the trap. I hope that this round of the Shanghai Stock Exchange Index can directly break through 2500 points without any hindrance, so that I can get out of the trap."

"Last year, I had a high-level full position in Netspeed Technology, and it was still 30% away from the set. Hey... Recently, the trend of the popular stocks in the direction of the small and medium-sized boards and the ChiNext market is always a bit dark, and they rarely outperform the market index. Several times I wanted to cut the meat and adjust the position, but I held it back. Looking at it now... the market is still in the trend of "the strong will always be strong, and the weak will always be weak". The core hot stocks in the field, such as Beijiang Communication Construction, Huaguo MCC, China Fortune Land Development, etc., is it too late?"

"If the expectations index can cross 2500 without hindrance, I think it's perfectly in time."

"Su Zong's tens of billions of funds have been invested in the two core areas of 'infrastructure' and 'state-owned enterprise reform'. The market is far from peaking, right?"

"There is no doubt that the market is far from reaching its peak."

"Looking at the market K-line, moving average, Bollinger orbit, MACD and other technical indicators, as well as the overall changes in volume, the market is just in the initial stage of breaking through the previous platform suppression and forming an obvious upward trend. In fact, this time...is the right It is the best time to enter the market sideways, and the risk can be said to be almost zero.”

"Yes, both technical and fundamental aspects are upward."

"In terms of key market news, there are also constant positives. The guidance of the 'New Nine Articles' should be able to change many things."

"According to the market experience of almost a month, the more hesitant I am, the more I can't stop the rise in the stock price of my favorite stock."

"Hey, that's the truth. I've watched the Beixin Road and Bridge stock keep going up since the first day after the holiday. I originally wanted to buy it on the first day after the holiday, but the market was too volatile that day. It was at a high level in the stage, and I hesitated for a long time before I bought it, and as a result... I went straight to the eight consecutive boards in one breath, hey... If I bought the whole position at that time, the profits have doubled now, I regret it."

"Good stocks are not cheap, and cheap stocks are not good stocks. This is the same as buying things in ordinary times."

"Anyway, I don't want to wait any longer. I didn't have the guts to take a position at 2000 points. I hesitated at 2200 points. Now the index is almost 2500 points. I have missed countless opportunities. Now I finally have a full position. Sure enough...in the unilateral market, I still have Stocks, so that the heart doesn't panic!"

"If you still hesitate at this time, you can only wait for 2500 or 3000 points to catch up."

"Indeed, this round of market shorts has been completely blown away."

"I feel that the major institutions generally don't have many positions when this round of market starts, so...the market has risen so fast and so strong in this round, which is caused by the continuous increase of positions by major major institutions."

"Haha...Looking at the market, the real estate sector has set off a daily limit again."

In the midst of the extremely intense discussions among retail investors in the broad market, the market trading hours have been moved to 11 o'clock in the morning without knowing it.

I saw that the market trends in the two cities are still unfolding around the two main areas of 'infrastructure' and 'state-owned enterprise reform'.

Among them, the real estate sector led the rise in the two cities, and the sector index has risen by nearly 5%. More than 7 constituent stocks in the sector have closed their daily limit, and 16 stocks have risen by more than 5%.

Similarly, other sectors in the fields of 'infrastructure' and 'state-owned enterprise reform'.

A series of industry sectors and concept sectors, such as building materials, construction growth, steel, cement, public transportation, Shanghai Free Trade Zone, high-speed rail, etc., all outperformed the performance of the broader market index, showing a trend of surging , Continue to push up the market's broad investor groups to pursue and follow suit in these fields.

Of course, in the two main areas of 'infrastructure' and 'reform of state-owned enterprises', breakthroughs continue to be made, and the effect of making money continues to be demonstrated.

On the other hand, due to the drag of the main line fields such as "big finance, non-ferrous metals, coal, consumption, and medicine", the performance of the index has not changed much. maintained a slight upward trend.

"The market volume can be promoted, but some are slightly below expectations!"

Around 11:10 in the morning, inside Xinniu Fund Company, Shenzhen Stock Exchange, in the trading room, Fang Xinsheng, the fund manager in charge of the 'Xinniu No. 1' fund product, looked at the market performance at this time, frowned slightly, and was a little worried Authentic: "Under the fiery long-term mood, the follow-up investor groups and incremental funds outside the market still cannot support the overall development of the market. Hey...according to this situation, it is difficult for the Shanghai Stock Exchange Index to break through 2500 points! "

"Isn't the two major market trends of 'infrastructure' and 'state-owned enterprise reform' going well?" Hearing Fang Xinsheng's sigh, Mou Zhengxing, the leader of the trading team, replied with some puzzlement, "Although the capacity has not expanded significantly, But the consistent performance of the market is obviously much better than yesterday, which proves that the consistency of long expectations in the market is constantly strengthening as the trading time goes by, why is the boss still pessimistic?"

Fang Xinsheng came back to his senses, glanced at Mou Zhengxing who was a bit puzzled, and responded: "Don't just focus on the narrow direction of 'infrastructure' and 'state-owned enterprise reform', but focus on the entire market situation. Take a look... …In addition to the two main lines of 'infrastructure' and 'state-owned enterprise reform', are there any obvious signs of breakthroughs in other directions? Are there obvious signs of continued inflow of main funds?"

Mou Zhengxing observed carefully for a while, and indeed found some unusual things.

"In addition to the two major areas of 'infrastructure' and 'state-owned enterprise reform', except for 'Internet Finance', 'Mobile Internet', and 'Smartphone Industry Chain', these emerging industries that were obviously oversold in the early stage are somewhat popular and profitable. In other fields, it seems that the main funds continue to flow in rarely.” Mou Zhengxing thought for a while and replied, “And in the field of ‘big finance’, when the index is rising, the main funds are still continuously flowing out. .”

Fang Xinsheng nodded slightly, and said: "That's it. On the one hand, the main concepts of 'infrastructure' and 'state-owned enterprise reform' continue to advance rapidly; In the field of 'state-owned enterprise reform', after absorbing the follow-up funds pouring in from outside the market, it is still continuing to siphon active funds and cutting funds from other sectors of the market. It doesn't match!"

"If the market wants to continue to go up, it is not enough to just shout slogans, it must be supported by real money."

"The current trend of the situation shows that there are many people who are only optimistic about the market in words, but actually let them invest real money, but they are still unwilling, or they are hesitant in their hearts."

"In the development of market conditions, quantity is often preceded by price."

"Compared to the entire market, the price is the index, without volume, the index really wants to break through the important pressure level of 2500 points, it is tantamount to nonsense."

"But the two main lines of 'infrastructure' and 'state-owned enterprise reform' have risen quite well?" Mou Zhengxing heard Fang Xinsheng's analysis, but he still didn't quite understand it, and said, "The previous upward index and the pressure level of 2200 points depend on With the continuous outbreak of the two main lines of 'infrastructure' and 'state-owned enterprise reform', don't they also stand out? Why is it not working now?"

Fang Xinsheng replied: "At that time, market expectations were still low, and the market turnover was only tens of billions. The follow-up funds outside the market were able to create the overall market and boost the index, but now market expectations have reached high levels. In addition, the core stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform' have also reached a relatively high position. If these two main lines break through, the funds needed to undertake the undertaking are already several times that of the previous period. "

"However, the follow-up market incremental funds are far from several times as much as before."

"You can tell by looking at the current market development."

"The market's bullish sentiment has fermented like this. The market's profit-making effect of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is still accelerating. However, it is difficult for the index to continue to rise, and the 'big finance' field has unexpectedly appeared. This shows that the current amount of funds in the market cannot support the further spread and upward movement of the market.”

"That is to say, the stock index is 2500 points, and it's dead again?" Mou Zhengxing said with regret.

Fang Xinsheng nodded slightly, and said: "Under the relatively consistent expectations of the entire market, and at the same time, the amount of energy is difficult to support the market, there is a high probability that the index will briefly pierce 2500 points, but if we want to really stand firm, we must completely It is impossible to consume floating chips such as profit-making and locked-in stocks at this stage, adjust the chip structure of the entire market, and establish a new market support platform."

"And look at the development of the market in the two main areas of 'infrastructure' and 'state-owned enterprise reform'."

"Apart from the core popular stocks and popular leading stocks, the current trend of other marginal stocks is not as strong as it was in the early trading?"

Mou Zhengxing observed carefully for a while, and responded, "It's true!"

"This is the selling pressure caused by some firm funds starting to retreat slowly after the expectations are full, the amount of funds can not keep up, and the market trend is not as expected, which will suppress the market of these stocks." Fang Xinsheng said, "The entire main line of 'infrastructure' and 'state-owned enterprise reform' seems to be still on the rise, but in fact, the internal disk performance is getting weaker and weaker, and the risks are gradually becoming prominent."

Hearing Fang Xinsheng's words, Mou Zhengxing was finally startled, and felt a potential risk in the market.

"Then we..." Mou Zhengxing turned and asked hastily, "Do we need to reduce our positions?"

Fang Xinsheng responded: "The brewing of risks is increasing bit by bit. Now they are only some marginal stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'. They are gradually turning from strong to weak due to the lack of volume. The most popular stocks and popular stocks at the core still maintain extremely high liquidity, siphoning a lot of active funds on and off the market, and for the time being... it has not reached the selling point."

"And our fund's main holding stocks are basically concentrated in the core stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform'."

"So, don't worry too much for the time being, just take it and talk about it later."

"I said what I said just now, mainly to remind everyone that at this time... although the market sentiment is getting more and more crazy, we must still maintain absolute calm, clearly understand the trend of this market, and don't be coerced by market sentiment. And thus lost his mind."

"Well, I see!" Hearing Fang Xinsheng's reminder, Mou Zhengxing nodded hastily and responded, "It seems that the most dangerous place in the market is often when everyone is most optimistic and gives up vigilance."

Fang Xinsheng smiled lightly and said: "In this market, the potential bulls are the real bulls. The bulls who enter the market and hold a lot of chips in their hands are just the potential shorts in the market. , News, emotions, technical aspects...everything may be false, but the flow of funds and the results of real money trading cannot deceive people."

Following the two people's analysis of the market.

At this time, the time has moved to 11:30, the market in the two cities is frozen, and the market is ushering in the noon break.

After 2 hours of formal trading, the Shanghai Index finally settled at 2449.33 points, up 1.06%, while the Shenzhen Index and ChiNext Index rose 0.73% and 0.59% respectively. However, the overall market performance, that is, the divergence between the long and short positions of the two cities, is obviously much weaker than yesterday.

(End of this chapter)