The investment era of rebirth

Chapter 448 A Market Immune to Bulls!

"It's high again!"

At 9:16, inside Yuhang and Yuhang Investment Company, in the trading room of the main fund, Li Meng observed the changes in the market and frowned: "The market volume is weak and confidence is low. I am afraid that such a high opening situation will not only be impossible at all." If it continues, it will increase the selling pressure in the market.”

"A natural reaction to market sentiment." Su Yu took over the words and said, "The index opened higher, which is in line with investor expectations under the sentiment brewing over the weekend."

"Of course……"

Su Yu paused, and then said: "What you said just now is also true. At this time, the index opened higher, and there is no continuity. The market will continue to go according to the inertia of the trend. The main speculation funds that are still active in the market, And we will not change our strategy just because of this short-term sentiment recovery and favorable market.”

"Then it's probably going to be another high drive and low drive today." Liu Yuan interjected.

"No matter what kind of trend, it should not affect our position building plan." Wang Can also said, "The 'military industry' sector, judging from the call auctions at the opening, I feel that its overall performance is weaker than last Friday. , the buying power accepted by the disk was completely suppressed by the selling."

"The selling pressure of the 'military industry' sector is indeed more important than the entire market in performance." Zhao Lijun observed the performance of the two markets for a while, then took the lead and continued, "But this is also understandable, after all, this sector In the last trading day, a lot of hype funds were buried to chase higher, and now these funds have discovered that this sector does not have any sustainable profit-making effect, and they have sold out and left the market, and are also being cleaned up. "

"Isn't this exactly the result we want?" Zhu Tianyang replied with a smile.

"I expect panic selling to be repeated."

At this time, the market trading time has passed 9:20. After the initial call auction process, the two cities have transferred to the real call auction link with irrevocable orders.

"Forward-looking plans, analysis, and judgments are definitely needed." Fang Xinsheng nodded in response, "But this does not affect the views I just said. In the financial trading market, the so-called one step ahead is a legend, and two steps ahead is a legend. The first step is a martyr, and forward-looking contingency analysis can be used to avoid blind guessing and bottom hunting, but it is also absolutely important.”

In addition to the overall performance, the performance of popular stocks in the market is also relatively weak.

"Let's not talk about how much capital is needed in the main line fields you mentioned just now to drive the market and create a continuous profit-making effect. Just speaking of these lines, which one has a solid hype logic support at present? All or more Maybe it lacks some hype factors?"

"How do you think... on the disk, how can these two shares of funds be washed away?" Su Yu asked with a smile.

"In addition, the market has shown less than expected trends time and time again under the positive stimulus."

"Actually, the current line of 'oversold rebound' is the only hype area suitable for these residual hype funds to carry out hype."

Zhang Guobing thought for a while and said, "It's not difficult. Although we have not yet reached the point where we can fully control the market trend of this line on the line of 'military industry' in our hands, on the key trend, It can still be done if it influences and stimulates it.”

"If the next market, as we currently expect, continues to drive higher and lower."

In terms of the fixed market performance of the two cities.

"I'm afraid that the market will not go exactly as we expected." Li Meng said, "This kind of 'baiting and selling', the timing of the intraday is very important, and it needs the emotional cooperation of the market itself, otherwise... very It is possible that we failed to kill the market, but lost the bargaining chip in vain."

The top 20 most popular stocks in the two cities are concerned about the most popular stocks. Most of them opened low, but they opened strong and high. There are only a few popular stocks that have the main buying orders. Sanmao, Beijiang Communication Construction, Beixin Road and Bridge' and other popular stocks that have been hyped in the past have opened lower by more than 1%.

Different from the time period from 9:15 to 9:20, the market showed an overall strong state.

The Shanghai Index finally settled at 2258.59 points, up 0.21%, while the Shenzhen Index and ChiNext Index rose 0.32% and 0.39% respectively. The three major indexes all opened slightly higher. The opening results presented by them are compared with the market before the market and on the weekend. Emotional performance was significantly lower than everyone's psychological expectations.

Fang Xinsheng, the fund manager, nodded slightly, and responded: "Looking at it this way, the index is obviously beginning to be immune to the positive market, and the majority of investors in the market are gradually lowering their expectations."

"Compared to these major market lines..."

"The so-called extreme valuation is actually a fallacy."

"But who would have thought that the stock price would continue to fall in half, or even drop by 70% at this so-called bottom position?"

"The low range is always a range." Fang Xinsheng replied, "How big is this range? In the process of market investment sentiment and the expectations of the majority of investors in the market gradually decreasing, no one knows where the real bottom is. For example, Huaguo Petroleum's check fell from the top of 48 yuan, and after it was cut in half, the position of 12 yuan, under the conditions at the time, was low enough regardless of valuation or market value?"

"I think it's better to look at the trend of the formal trading stage after the call auction is over." Zhang Guobing thought for a while and responded, "Although the market is opening higher, it is not sustainable as a whole. But for the line of 'military industry', the amount of selling has not expanded, which shows that the two main stocks of the market that followed us to raise funds in the early stage have not moved at present. If we don't wash these two main funds, we will There will still be great concerns and hidden dangers in the warehouse building plan of this line.”

Su Yu nodded slightly, and said: "At this time, any analysis of the plan is reasonable. As for whether it can be realized, we can only wait patiently to see if there is an opportunity."

"If we want to live longer and achieve more achievements in the field of financial transactions, then we can't simply guess the top and bet the bottom, we must follow the market trend and market sentiment."

"Boss Fang's meaning is actually the market situation. It is reasonable if it exists?" Mou Zhengxing thought for a while and responded, "There is a reason for underestimation, and there is a logic for overestimation."

"En!" Mou Zhengxing nodded, thought for a while, and said, "Mr. Fang, today's funds are transferred to the 'smartphone industry chain' and 'mobile Internet' fields to hype. What is the logic to follow? The main board can't be lifted. Do you want to switch to the small and medium-sized board and the ChiNext board, slowly accumulate emotions, and look for a sustainable hype that can be accepted by the market?"

In addition to the two main lines of 'smart phone industry chain' and 'mobile Internet'.

"En!" Mou Zhengxing nodded in response, stopped asking questions, and turned his attention back to the trading board of the two cities.

Fang Xinsheng thought for a while, and said: "I don't think it's that complicated. I feel that the hype funds that are still active in the field follow the underlying hype logic, or the words 'oversold rebound'."

"Looking at the performance of this collective bidding, the direction of the market's main funds has jumped to the 'smartphone industry chain' and 'mobile Internet'." At 9:22, Shenzhen, Xinniu Fund Company, the main fund In the trading room, Mou Zhengxing, the head of the trading team who has been observing the market trend, said, "On the whole, there is still no sustained mainline market. Based on the performance of this call auction, if the market wants to have a better trend today, it is estimated that Enough."

Mou Zhengxing said: "Isn't it? I feel that whether it is the two core themes of 'infrastructure' and 'state-owned enterprise reform', or the cyclical mainlines of 'Internet finance', 'big consumption', 'big finance' and even 'non-ferrous metals' and 'coal'. The fields are basically all in the low range at the end of the adjustment, I was thinking...if the market can really form a concerted force on one of the main lines, maybe the market can bottom out here and form a reversal trend.”

Recently, the market has opened high and moved low amidst good news after another, and has continued to sell and fall.

Fang Xinsheng nodded with a smile: "It's good that you understand, in fact, this is also a difference between left-side opportunity and right-side opportunity choice."

Su Yu responded with a smile: "Why is it not feasible?"

The market performance at this moment has already dropped a lot compared to the market at 9:15. In the entire industry sector of the two cities, there are only six industries including 'communication technology', 'electronic information', 'Internet application', and 'film and television media'. The seven industry sector indexes remained in the red market, and the rest of the industry sectors either remained flat or fell slightly. The overall strong state is no longer there.

"Oversold rebound!" Mou Zhengxing said with emotion, "The active funds in the market rely on this line of speculation, so today's market is doomed to be even more hopeless."

At this time, the market trading time had slipped to 9:25, and after 10 minutes of call auctions in the two markets, the market was once again frozen.

"Boss Su thinks it's feasible?" Zhang Guobing was very excited after receiving Su Yu's admiration.

"Only around this line of speculation, the selling pressure faced by these funds will not be so great."

Among them, the main line areas such as finance, military industry, venture capital, infrastructure, and state-owned enterprise reform were once displayed last Friday.

"Indeed, the good news does not rise, but the bad news plummets." Mou Zhengxing continued, "This should mean that the market has entered the second half of the adjustment phase, right?"

Fang Xinsheng smiled and said, "If we want to make money in the market, we must understand the market in this way."

In this case, if there is no clear effect of sustained money-making in the field, and there is no clear mainline hype target, then these active fund groups that have already become frightened and have temporarily exited the market will not decisively follow the trend and step in. There is no effective The incremental follow-up capital group, relying solely on the stock game in the field, and some short-term benefits, it is simply impossible to activate the overall market situation and get out of the situation of holding high and fighting high.

At this moment, all of them have become the main areas leading the decline in the market call auction, and the related industry sectors and concept sectors are all extremely weak, and there is basically no obvious major capital buying attention.

The industry sectors and concept sectors related to the two main lines of 'smartphone industry chain' and 'mobile Internet' are among the top gainers. There are traces of attacks from speculation funds on the relevant core component stocks, and this is also the opening performance. And the reason why the ChiNext Index is slightly stronger than the Shanghai Index.

"These hype fund groups that are still active in the venue at the moment are not fools."

"But according to this understanding, it's okay when the market trend continues. Once the market style suddenly turns, then our reaction may lag a lot." Mou Zhengxing said, "In the end, the market trend will not remain the same. I think it is still necessary to have certain forward-looking judgments and expectations.”

"The hype sentiment in the market, as well as the active group of main hype funds, has been continuously declining." Fang Xinsheng responded, "At this time, relying on the line of 'oversold rebound' to continuously rotate the market, the hype funds may If you really concentrate on attacking a certain main line, you will die even worse and get caught deeper!"

"The main funds for speculation are ebbing, and the market's profit-making effect continues to slump."

"At that time, it should be regarded as the low range of your estimate, right?"

"Similarly, when the market investment sentiment returns to the atmosphere where the short sellers are fully venting, the active hype funds in that market will undoubtedly continue to ebb."

"One step ahead is a legend, and two steps ahead is a martyr!" Hearing these words, Mou Zhengxing's eyes shone brightly, and he said with a smile, "It's really appropriate, indeed... In the financial trading market, one step is the difference between life and death It’s true that blindly guessing the top and buying the bottom should not be done.”

"If such panic selling in the intraday situation does reappear, then we only need to concentrate on selling a part of our 'military industry' chips at this point of complete emotional collapse, and we will be able to completely kill this line after all. There are also certain main funds that are unwilling to exit the market lurking."

"The remaining bullish sentiment in the market will undoubtedly be strangled again."

Fang Xinsheng said: "It's hard to say, let's see how the market sentiment will be interpreted after the market opens!"

This has already driven the active investor groups inside and outside the market into panic.

"Bait and kill!" Su Yu understood after listening to Zhang Guobing's analysis, pondered for a moment, and responded, "It's a good way."

After finishing speaking, he turned his attention back to the trading board of the two cities again.

As for the performance of the industry sectors and concept sectors in the two cities other than the index.

The rest of the main lines of the market that performed slightly in the early stage, as well as the relevant industry sectors and concept sectors of the main lines, did not show a satisfactory trend. They either followed the index fluctuations or opened slightly lower. They did not show any sustained money making effect.

Of course, among the main lines of the market that performed weakly.

The main lines of 'infrastructure', 'state-owned enterprise reform' and 'military industry' are particularly tragic.

Not only the core constituent stocks of the relevant industry sectors and concept sectors, but also the main funds on the market all showed an outflow state, and the declines were relatively large. All the main funds in the field were completely abandoned.

(End of this chapter)