The investment era of rebirth

Chapter 402 Market divergence reappears!
I saw that under the concentrated explosive volume, within 30 seconds after the reopening of the market, the Shanghai Stock Exchange Index rushed up again for a while, touching the 2481.39 point in a straight line, continuing to hit new intraday highs and this round of rebound highs, and the intraday gains also accelerated rapidly. It has reached the 2% position, and it is getting closer and closer to the important mark of 2500 points.

However, the next 1 minute.

At 1:01, after a brief hit to 2480 points, the Shanghai Stock Exchange Index turned around and fell rapidly.

Immediately afterwards, at 1:02, a number of high-priced stocks in the two popular core areas of 'infrastructure' and 'state-owned enterprise reform' began to explode further, and active sell orders on the disk showed a trend of increasing sharply.

At the same time, the direction of other main line fields.

Such as the small and medium-sized board, the GEM "growth stocks" field, the "big finance" and "cyclical non-ferrous" fields, especially the core mid-cap and large-cap stocks that are heavily held by institutions, there are also instantaneous concentrated selling. The field plate index formed a suppression.

At 1:05, the Shanghai Stock Exchange Index returned below the 2476 point, giving up all the gains made within a few minutes after the opening.

At 1:06, Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo China Construction and other "infrastructure" core stocks fell rapidly under the concentrated large-scale selling. Among them, Huaguo MCC appeared The scene of slamming 10 lots on the daily limit board broke out, and its daily limit board was opened.

At 1:08, in the case of Huaguo MCC fried boards, the extreme enthusiasm in the market showed signs of cooling down.

At 1:10, the Shanghai Stock Exchange Index fell back below 2470 points, and the increase retreated to around 1.5%. At the same time, the daily limit stocks in the two cities also fell from nearly 60 to about 50, and several stocks appeared to explode.

At 1:15, the growth rate of Huaguo Construction fell back to 5%, and the turnover exceeded 13 billion.

At 1:17, the time-sharing energy of the market was exhausted, and the concentrated selling of many popular stocks began to stop, and the gains of the index and individual stocks also began to slowly recover.

"Why do you always feel short of breath?"

Seeing that the market was diving for no reason in the early afternoon, some retail investors expressed their feelings helplessly in the heated stock trading forum.

"The range from 2400 points to 2500 points was originally the apex area where the index fell from a high level last year. The hold-up was extremely heavy, and the intraday trend fluctuated, which is normal. Look at yesterday and the day before yesterday, the index broke through upwards, and it was also difficult. Does the shock not stop? But looking at it as a whole... In fact, after the index entered the range of 2400 points to 2500 points, no matter how it oscillates, the center of gravity of the center has been rising."

"Looking carefully at the K-line trend of the index, it is indeed constantly oscillating and rising."

"There is nothing to worry about. No matter how the market fluctuates, the index will continue to rise. After all, the upward trend has formed. There is no major negative, and it is difficult to change."

"The stock index is only one or two points away from 2500 points. It's either today or tomorrow. Anyway, this week, the stock index will definitely see 2500 points."

"After the previous lessons, no matter how the market fluctuates now, I will firmly hold the chips in my hand."

"Shake it, shake the warehouse, maybe when the stock index hits 2500 points, the pressure will be lighter."

"It's enough to keep an eye on the trend of Beixin Luqiao, a popular leading stock in the two cities. This check is the highest hype target in the market. As long as the market of this check is not over, the market of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', It is definitely not over, and since the recent period... the stock index is completely supported by these two main lines, as long as the two core main lines of 'infrastructure' and 'state-owned enterprise reform' are not over, the natural index will rise. It's not over yet, and we are firmly optimistic about the stock index hitting 2500 points!"

"Also optimistic, this wave is definitely the start of the bull market."

"If you are willing to throw it, let's throw it at this time. I will wait for the person who threw it at this time to recover the chips when the Shanghai Stock Exchange Index reaches 2700 or 3000 points."

"Scared at the slightest sign of trouble? As for it!"

"This diving is too normal. It is obviously the main funds in the field, and it is in the final wash."

"What are you afraid of? The main lines that are popular in the market, as well as related concept sectors, are still in a state of net inflow of large funds. The 2500-point stock index is no problem at all!"

"Everyone, the layout, the layout needs to be opened!"

"Holding shares is the most difficult thing. I suggest that people who are not firm in their hearts should not watch the market at this time, so as not to be nervous."

"Normal adjustments, let's see. At the close, even if the Shanghai stock index can't touch the 2500 point, it will definitely be able to set a new intraday high."

"Today must be the trend of the Dayang line, so there is no need to worry."

"Here, it is necessary to lure the space and clear the floating chips. In the final attack, there will not be such a big selling pressure, so a short dive is very normal."

"The fried board of Huaguo MCC doesn't represent anything."

"Look, isn't the index rising again? Let me tell you... the funds that are rushing to sell at this time are stupid!"

"Anyway, I'm on the Dragon and Tiger Ranking, and I don't see Mr. Su selling my seat. I will definitely not hand over my chips easily. After all, I have suffered a lot of losses before."

"In a market with a long-term upward trend, if you want to make the most profit, you have to buy stocks!"

"Yes, the bull market is here, and you must stick to it to make the most profit."

"Look at the market sentiment, look at the trading volume, I really don't believe that I can't win 2500 points."

"Looking around, both inside and outside the market are all positive, and when I passed by the brokerage sales department yesterday, I observed that the number of people opening accounts is obviously increasing."

"Yes, there are still many people who have not entered the market, and there must be a big market in the follow-up market."

"'Xinguo Nine Articles' is the engine of the bull market in the market. We are firmly optimistic and firmly hold stocks. This time...we must hold high-quality bargaining chips in our hands."

Among the many retail investors, they don't care about the short-term heavy dive in the market, and they are still optimistic about the market outlook. They are emotionally excited, hitting 2500 points on the Shanghai Stock Exchange Index, and even the moment when the "bull market pattern" reports great optimism and anticipation. At this time In some of the main hot money internal discussion groups, many of the main hot money who have a keen sense of the market are shivering and have a hidden worry.

For example, in the main hot money group of Yuhang where Su Yu is...

There is a big hot money in Huaguo MCC who has a heavy warehouse. After Huaguo MCC exploded a huge amount, he quickly asked in the group: "Is there any bad news in the market? Why suddenly, There has been such a huge sell-off in many core blue-chip large-cap stocks."

For the collection of market news and intelligence, although most of the main hot money have certain advantages.

But for news of decision-making changes from within the regulators like 'IPO Restart', large institutional groups with state-owned backgrounds still have much faster priority in obtaining information than them, so... the related rumors only started When it spreads from the inside to the outside, they will not know it in time. They can only make side guesses and use their own information channels and personal connections to verify based on the market's capital flow and stock price changes.

"Everything is calm, it seems that there is no bad news, right?"

"There seems to be a wave of concentrated selling of blue-chip stocks in the big market just now, and most of them are core stocks in the two main areas of 'infrastructure' and 'state-owned enterprise reform'. Among them... President Su holds a lot of stocks! Could it be... Is it because Mr. Su reduced his position and took profit in advance?"

"Could it be Mr. Su? But Beixin Road Bridge, the concept stock that Mr. Su holds heavily in, hasn't changed much!"

"The turnover of Beixin Road and Bridge today is also quite explosive. Mr. Su's holding chips in this stock should total around 1.2 million. According to the turnover data of Beixin Road and Bridge today, it is worth it."

"Huaguo MCC is indeed a constituent stock held by Mr. Su, but the main force of this check, in addition to Mr. Su, also has the seat of Mr. Zhang. The 10 lot of sales just now is not necessarily Mr. Su's handwriting. , and according to Mr. Su's Lingli method, once the more than 100 billion chips in his hand are sold, it will not only cause this fluctuation."

"What's going on? I... have a bad feeling in my heart!"

"Don't worry, the popular mainline concept stocks in the market as a whole are quite stable, and there are not many rapid dives and fried boards."

"The 2500 point is right in front of us. With such a strong market expectation, it doesn't make sense not to even touch it?"

"There's always a sense that there's something potentially bearish about the market."

"After the market entered 2400 points, in recent days, it has been quite smeared. I don't think I need to worry too much. Looking at today's trading volume, the market liquidity is obviously climbing rapidly. In this case, even if the market suddenly encounters It’s bad, and it’s easy to get out of the warehouse.”

"Yes, as long as it's not like the previous situation where the liquidity was exhausted, I'm really not afraid of bad news."

"Let's take a look again. The dive just now was indeed a bit weird, but I still don't know what happened. Let's see how the subsequent market reacts."

"There are still a lot of main funds that continue to increase their positions today. I feel that the index should continue to rise."

"Today's market should not fall much."

"As for whether Mr. Su sold his chips during the market, there should be traces in the dragon and tiger list after the market."

"The capacity is still increasing, don't worry."

"Hey, I don't feel right too, I'm timid, so I'll withdraw first."

"I will stay for a while longer. I feel that the high point of this wave of the index should be above 2500 points, and the Beixin Luqiao check has become a big monster. It may become a 5-fold or 10-fold bull stock, and I feel that there is a high probability that President Su will still lock up the position today, otherwise Beixin Road Bridge would not be so resolutely sealed today."

"I feel that in the wave just now, all the stocks that were sold by institutions were gathered together, and there may be some bad news."

"These institutions are too sloppy. They all want to sit in the sedan chair, but no one wants to carry the sedan chair and assist."

"At first, I wanted to raise my hand again and assist the Shanghai index to hit 2500 points. After hearing what you said... I started to hesitate again."

"Look at the changes in market volume and market trends in the next hour or so!"

"Yes, don't grab this moment."

Under the keen market perception of hot money, everyone's trading strategies began to diverge.

And such differences are reflected on the disk, that is, when the market trading time enters 1:20, the time-sharing energy of the entire market will obviously further decline, and the main funds of all parties will start to be cautious in their moves, while the majority of retail investors The groups are still actively increasing their positions and following suit at high positions.

At 1:25, Huaguo MCC tried to close the daily limit, but there was no strong main force to seal the market together, so that even if the stock price was temporarily pushed up to the daily limit price, it could not be sealed.

At 1:26, Huaguo MCC once again suffered a large number of concentrated selling, and the stock price fluctuated and fell again.

At 1:30, after the stock index shrank and rebounded, it began to fluctuate around 2460 points to 2470 points, and it was difficult to go higher. The wait-and-see signs of the market's main funds began to become strong. Attenuation step by step, many popular stocks with daily limit, there are also many main funds secretly withdrawing orders on the daily limit board, so that countless loose orders of the majority of retail investors are at the top.

At 1:35 a.m., other main lines outside the core main lines of the two major markets of 'infrastructure' and 'state-owned enterprise reform', individual stocks that rebounded sharply showed a significant downward trend, among which 'Wangsu Technology, LeTV, Huayi Brothers, Dongfang Fortune', etc. A group of stocks fluctuated and fell one after another.

At 1:42, the turnover of the two cities exceeded 1000 billion. The main lines of several hot spots in the market, although they still maintained a strong volatile trend, the net inflow of main funds on many stocks has begun to reverse.

At 1:55, there was another heavy volume on the daily limit board of Shibei High-tech and Beixin Road Bridge.

Later, when the market trading hours entered 2:2460 p.m., the Shanghai Stock Exchange Index could not even hold the 2450 point, and could only fluctuate around the 2460 point to [-] point range. Under the circumstances, the differences have become more and more aggravated.

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

I saw that the Shanghai Designated Index was at 2456.37 points, up 0.97%. The Shenzhen Stock Exchange Index and the ChiNext Index rose 0.69% and 0.58% respectively. On the chart, there are long upper shadow lines left in succession.

In addition to the increase in the index itself, the overall turnover of the two cities reached 1298.79 billion.

Although this amount of energy is already near the new high of the annual turnover set just the day before yesterday, compared with the trend and current situation of the market that has already increased in volume in the morning, the final performance of this turnover is still somewhat lower than expected, which shows that compared with the previous few trading days , in the trading performance in the afternoon, the market is in a trend of obvious shrinkage.

Moreover, the attenuation performance of the amount of energy also shows the attitude of the market's main funds.

This shows that in the market trading in the afternoon, for some unknown reason, the main funds on and off the market have obviously become more cautious in following the trend and actively buying and selling.

Of course, in addition to subtle changes in the amount of energy, the specific market.

Although the market once again went out of the intraday trend of rushing higher and lower, but in terms of closing results, the index still hit a new closing high and a new annual high for this round of rebound. ' and 'state-owned enterprise reform', the two core themes, as well as other popular hype themes, the overall focus of support is still moving upwards.

In other words, the market as a whole is still in a volatile upward trend.

And as long as the overall upward trend does not change, and the market still has a strong effect of making money continuously, then the 2500-point mark of the Shanghai Stock Exchange Index can still continue to look forward.

There is also... As the market's popular core stocks and hype sentiment vane.

The two stocks of Beixin Road and Bridge and Beijiang Communication Construction still closed at the daily limit today, which shows that the hype sentiment in the market is still at a high level, and the active funds in the market, as well as the majority of retail investors, can bear the risk when chasing profits The level of preference has not decreased.

"After the index reached 2400 points, for several consecutive trading days, the selling pressure on the market has not been small. The index is far less swift than the previous period." Seeing such a closing situation, at this moment, inside Jingda Investment, the main fund trading room, The general manager Gu Chijiang frowned slightly, and said, "Today's performance is not very ideal. I always feel that it will be more and more difficult for the stock index to hit 2500 points in such small steps."

The so-called one blast, then decay, and exhaustion.

If the unanimous bullish sentiment that has finally been gathered is gradually wiped out by the successive shocks in the market, it will inevitably lead to lower expectations in everyone's hearts, which will lead to more divergent views, and this... will naturally lead to The divergence between long and short positions is getting bigger and bigger, selling more and more, and it is becoming more and more difficult for the index to go up.

Hearing Gu Chijiang's words, fund manager Lin Tingzong responded: "The range between 2400 and 2500 points in the Shanghai Stock Exchange Index was originally an area where the market was extremely locked up in the early stage. In the absence of major changes in the macro capital, the stock index's volume cannot be huge in the short term. Amplification is difficult, and it is reasonable.”

"Whether the Shanghai Stock Exchange Index can really effectively hit the 2500-point mark in the future."

"It still depends on the continuity of the two core main lines of 'infrastructure' and 'state-owned enterprise reform' to make money, as well as the overall emotional response of the market."

"From the current point of view, today's market volume can reflect, although some are slightly lower than expected, but on the whole, there is no problem with the profit-making effect and the continuation of sentiment. Refreshing the market hype space, other popular stocks, the continuous profit-making effect is still there, in general...the current market risk has not been highlighted, we can still hold positions and wait."

"However, today Huaguo Construction, Huaguo China Construction, and Huaguo China Metallurgical Corporation's core weight stocks in the fields of 'infrastructure' and 'state-owned enterprise reform' are not going well." Gu Chijiang took the words and responded, "These few There are obvious signs of concentrated selling on the checks, and...these are all the core stocks held by President Su of 'Yuhang Investment', I always have a bad feeling in my heart."

Lin Tingzong thought for a while, and said: "Today's trend of these checks is indeed not very good, but in terms of the closing results, the upward trend of its stock price is still moving upwards, and its bargaining chip structure is at its peak. On the whole, there is not much change, which shows that the internal bargaining chip structure of these checks is still quite stable."

"As for today's concentrated selling, it may be the handwriting of Mr. Su from 'Yuhang Investment'."

"I don't think it should be. After all, another important stock of President Su, Beixin Road and Bridge, still maintains a very strong daily limit trend."

"And, isn't it, it should be known on the Dragon and Tiger list later."

"After all, the two checks of Beixin Road and Bridge and Huaguo MCC, today's increase, amplitude and turnover rate are enough to be listed, and the trading volume of these two stocks today, especially Huaguo MCC's huge The volume of 10 lots sold on the board is definitely unavoidable to avoid the disclosure conditions.”

"President Gu..."

Lin Tingzong paused, and continued: "Our fund's holdings on the two core lines of 'infrastructure' and 'state-owned enterprise reform' are relatively low compared to the average cost of the market. Any unforeseen trend situation can be fully reflected according to our holding cost and holding capacity, so I don’t think we need to be too anxious at this time, just wait for the follow-up trend of the market.”

It has experienced the devastation of the bear market in the previous few years.

It is not only the majority of retail investors who cannot hold a bargaining chip to make profits. Once the market fluctuates less than expected, they will lack confidence in the market outlook. The managers of various asset management institutions and fund companies also have the same mentality and will hesitate. Afraid to increase the position of the highest quilt rashly, and afraid of short-term profits, he was trapped by excessive expectations and long-term investment thinking, did not stop profits in time, and returned the profits to the market in the end.

Therefore, Lin Tingzong is very clear and understands the concerns in Gu Chijiang's heart at this moment.

"I hope!" Seeing that Lin Tingzong was full of confidence, Gu Chijiang breathed a sigh of relief after all, and said nothing more.

And following the resumption discussion between the two after the market, at this moment, the time has moved to 5:30 pm, and the rankings of the two cities' dragons and tigers have been refreshed.

I saw a total of 21 stocks on the list today.

And among the 21 stocks on the list, the concept stocks of the two main lines of 'infrastructure' and 'state-owned enterprise reform' still account for more than 40% of the shares. The overall pattern has not changed significantly from the market transactions in the past few days.

Similarly, as in the past few days, the seats of "Wealth Road" and "Fusheng Road" that many people worry about did not appear in any of the stocks on the list. According to the analysis, the two main funds in charge of Su Yu still maintain a locked position.

Of course, except for the continued lock-up of "Wealth Road" and "Fusheng Road" that meet everyone's expectations.

According to the information disclosed by the Dragon and Tiger List, there are also things that exceed everyone's expectations and expectations.

That is, it can be calculated based on the trading volume of the stocks on the entire Dragon and Tiger List. This time, the trading volume of institutional seats can show a net selling situation, especially for a stock in Huaguo MCC, the institutional seats are net selling More than 3700 million were paid out, which is very eye-catching.

In addition, there are core popular stocks in the two cities. On the Dragon and Tiger List of Beixin Road and Bridge, the major hot money involved in the early stage has been sold for a huge amount, and the disclosed trading situation of the main funds has also seen a net sale for the first time. phenomenon, with a total net sales of more than 1800 million.

"'Fortune Road' and 'Fusheng Road' continued to be locked, Jiefang South Road, Chunhui Road, and Siji Road were sold, and institutions sold net." After seeing the disclosure of the Dragon and Tiger List, Yuhang Anzhao Fund Company at this moment Inside, in the fund trading room, Qin Qiuyue, the fund manager and president of the company, was pondering over the motives behind these disclosed main fund trading actions, and said a little puzzled, "Judging from the overall disclosure of the Dragon and Tiger List, it is obvious that the active players in the market The main funds are retreating, why do you feel that at this time...the President Su invested by Yuhang is still not moving? It shouldn't be!"

In her opinion, Su Yu should be the most sensitive main force in the A-share market.

Now, on the market news, there are faintly favorable news, and she feels that the other party should not be unaware of it, and should not be moved. However, from the dragon and tiger list, she just didn't see any signs of the other party's position adjustment or reduction.

"This Boss Su's ability to hold positions is truly unmatched by ordinary people." Beside Qin Qiuyue, fund trading assistant Zhou Hui responded.

Qin Qiuyue turned her head to glance at Zhou Hui, and asked, "Do you think the other party is indeed still locked?"

Zhou Hui replied: "Judging from the disclosure data of the Dragon and Tiger List, this is indeed the case. Other tickets are uncertain, but at least the check from Beixin Road and Bridge, Mr. Su invested by Yuhang, has absolutely not been released. After all All the way up the check, there are dragons and tigers to disclose the trading situation, this President Su has such a large position, he cannot escape the regulatory rules."

"Could it be that the rumors in the market are false?" Qin Qiuyue was full of doubts when she heard Zhou Hui's words.

"Boss Qin, what rumors are you talking about?" Zhou Hui asked, "Judging from the current market news, there seems to be no bad news!"

Qin Qiuyue pondered for a moment, then responded: "It's nothing, you continue to replay, I'll think about it."

Originally, she had already decided on the trading strategy of reducing positions and taking profits tomorrow, but now seeing that the "Fortune Road" and "Fusheng Road" are still locked up, she obviously hesitated again in her heart, after all, she has already completed the half-year trading strategy of this year. The annual fund performance target and subsequent earnings are all excess profits. She can directly participate in the profit sharing. The temptation of this excess profit cake is not small, making it difficult for her to maintain absolute calm to gain insight into market trends.

Similarly, in Qin Qiuyue's hesitation and doubts.

At this moment in the magic city, inside Zexi Investment Company and in the fund trading room, Xu Xiang stared at the disclosed data of the dragon and tiger list, with a slightly surprised expression on his face. He was a little shocked that Su Yu could still maintain the locked position Confused, he said in a low voice: "Could it be that this guy's news is lagging behind, and he really thinks that the bull market is coming? With more than 100 billion chips in positions, at this time, they can still maintain the locked position, not moving like a mountain."

"Boss, the news of the 'IPO restart' is currently only an internal rumor, and it is not clear." Beside Xu Xiang, Zhou Kan responded, "At present, it may be fake news, and although there are many The selling of the main funds did not suppress the bullish power in the market as a whole, and... Judging from the disclosure of the Dragon and Tiger List, the hot money seats on the list are also increasing, which should indicate the active funds in the market , the participation rate is still increasing? Maybe... 2500 points can really pass."

"Fake news?" Xu Xiang was slightly taken aback, "For what?"

Zhou Kan replied: "It's very simple. With the help of the news, continue to clean up the floating chips in the market, and reduce the pressure for the Shanghai Stock Exchange to break through the 2500 point. Otherwise, the market reaction today is really too flat."

(End of this chapter)