The investment era of rebirth

Chapter 567 The Journey of the Bull Market ([-])!
However, just when everyone thought that the Shanghai Index would go all out and continue to hit the 2400-point mark upwards, further opening up room for market growth.

After the market trading hours enter 11 o'clock.

On the contrary, the entire main line of 'infrastructure' and 'military industry' began to show a trend of heavy volume stagflation, shocks and decline.

Among them, the disk pattern of the stock 'Northern Xinjiang Communication Construction' was very obvious. I saw that the check went from the intraday highest close to the daily limit, and gradually fluctuated and fell back. When the market closed at noon, it actually fell back to 5%. The increase mark is completely gone from the previous strong state.

Finally, when the market closes at noon.

The Shanghai Stock Exchange Index fluctuated and fell back to around 2385 points, while the Growth Enterprise Market Index narrowed its decline.

In terms of the performance of the entire market, the core hotspots are still on the main line of "military industry" and "infrastructure". However, compared with the rapid upward trend in the early trading and before 11 o'clock, the discrepancies in the market have increased, and short-term profit selling has increased. Quite a few, resulting in the market trend of the entire market falling into high intraday volatility and sideways trading.

"I feel that the market is a little bit weak!"

After the market closed at noon, the majority of investors in the market looked at the frozen market of the two markets and felt emotional.

"The attack was so fierce yesterday, and it is normal to take a short break today, not to mention the trend of the Shenzhen Index, the ChiNext Index, and the Small and Medium-sized Board Index today. If the index, ChiNext index, and small and medium-sized index keep falling, it is impossible for the Shanghai index to strengthen independently."

"The fundamental reason is that the line of 'technological growth' is too weak. If this line can be stabilized sideways, the stock index should continue to break through."

"I don't think that the line of 'technological growth' and the two main lines of 'military industry' and 'infrastructure' are basically a life-or-death situation. If the line of 'technological growth' can remain stable In other words, it is impossible for most of the active capital flows in the market to gather in the direction of 'military industry' and 'infrastructure', so...the expectations are not consistent, and the market divergence may be even greater. It is even more impossible for the stock index to continue to break through. "

"The fundamental reason is that the short-term profit-taking gathered yesterday was too heavy, and the main lines of 'military industry' and 'infrastructure' were too eager to attack in the early trading. As a result, the active capital flow gathered by the market to these two main lines could not continue to focus on Undertaking on the market quickly consumed a lot of profit-taking chips, which led to the market fluctuations and decline of the two main lines of 'military industry' and 'infrastructure' near noon."

"Indeed, the market's decline near noon should be caused by excessive short-term profit taking."

"Since profits are fleeing, will the prices of the two core main lines of 'military industry' and 'infrastructure' continue to fall in the afternoon?"

"There should be a drop in the afternoon, right? But the range of the drop should be very limited."

"If the expected goal is in the medium and long term, the magnitude of the shock is simply ignored."

"If you want me to say... It's good to have a shock, clear a wave of short-term profit-making chips, and the chip structure of the entire 'infrastructure' and 'military industry' main line fields will be more stable, and the subsequent continuous rise will also be higher. In other words, shocks are not a bad thing, but are conducive to the subsequent evolution of the market.”

"Hey, as long as the expectations of the two core main lines of 'infrastructure' and 'military industry' are still there, then all shocks and callbacks will be good buying points in retrospect."

"The line of 'technological growth' is likely to be dead. You say that short-term profits come out, where can they go?"

"I don't know, but what is certain is that... these short-term profit-making funds from the fields of 'infrastructure' and 'military industry', in the absence of better profit-making effect sectors and hot concept targets, follow-up" The adjustment of the two major market trends of "infrastructure" and "military industry" is over, and they will definitely continue to chase higher prices and buy them back."

"Haha...that makes sense."

"As long as the logic and expectations have not changed, then you can oscillate casually without fear."

"However, after breaking through 2300 points, the Shanghai Stock Exchange Index has only opened up such a little space, and it is a bit weak to attack, and the two core lines of 'infrastructure' and 'military industry' are currently basically gathering the active capital groups of the entire market. Breakthrough, but at present, the results are not very satisfactory, I think... this can also explain some problems? For example, the current market capital is still insufficient, and it is completely unable to support the continuous breakthrough of the big market!"

"The amount of funds in the market may be insufficient, which is an objective factor. However... I believe that as the market's profit-making effect expands step by step, and as the potential investors outside the market continue to enter the market, the amount of funds in the market will increase in the future. If there is a fundamental change, and the ecological structure of equivalent energy changes, then the upward resistance of the market will be much smaller.”

"I hope! Otherwise... the difficulty for the stock index to break through the 2500 points above is really not ordinary."

"The strong rebound in the last round of the market stopped at 2500 points. After this round of major adjustments, the breakthrough power accumulated by 'infrastructure' and 'military industry' is obviously greater than the previous round, so... Be optimistic about this round The Shanghai stock index can break through the suppression of 2500 points, and it will really open up space.”

"As long as the Shanghai Stock Exchange Index can break through 2500 points, then the market conditions and confidence will really come."

"Yes, many potential investor groups outside the market are actually bulls on the right side of the market. As long as the stock index completely breaks through 2500 points, investors who are still hesitating outside the market will definitely scramble to enter the market and do long."

"Haha, it can be expected, it can be expected..."

"As long as Mr. Su's 'Yuhang Department' doesn't sell chips on a large scale at critical times, and keeps locking positions to go long, the 2500-point mark of the Shanghai Stock Exchange Index can be taken down."

"President Su has placed such a heavy position in the direction of 'military industry' and 'big infrastructure'. In the short term, he probably won't sell it?"

"Certainly not. President Su usually seldom messes up."

"Even if it's a smash, President Su usually gives an early warning, so...what are you afraid of?"

"It's not an early warning, but after giving everyone a clear profit margin, they usually go out and take profits. Anyway, follow President Su's 'Wealth Road' operation, and it's always right."

"Indeed, compared to Mr. Su, the organization is really hot chicken."

"I still remember last week's offline investment strategy meeting in Shanghai, where big institutions from all sides sang about 'technological growth'. Hey... Looking back now, it's really embarrassing!"

"Do you still need a slap in the face? Many managers of institutions have already lost their faces."

"But now these institutions are starting to look back again, singing more about the main market of 'infrastructure' and 'military industry' that Mr. Su insisted on being optimistic about, and even some more radical institutions have begun to be bullish on the entire weight of blue-chip stocks, saying what The main line of investment opportunities for 'market value revaluation'."

"The concept of 'revaluation' sounds so familiar."

"Are you not familiar with it? Institutions have been shouting for several years, and the blue-chip stocks in the market have been shouting all the way to new lows. It's just that they suddenly called 'technological growth' some time ago, so that everyone temporarily forgot about this."

"But the current institutional group doesn't have many positions in the blue-chip direction of the overall market, right?"

"Yes, according to the annual reports of many stocks, the direction of institutional positions in the current market is mainly on the line of 'technological growth'."

"Then they shouted that, didn't they raise their own warehouse building costs?"

"I'm yelling, I guess I want to compete with Mr. Su's 'Yuhang Department' for the right to speak in market forecasts!"

"Damn, can it be said that in the past two days, the line of 'technological growth' has fallen so hard, there is a high probability that these organizations who sang the main line of 'technical growth' before smashed it?"

"Don't doubt it, it's definitely true!"

"Hey, do you use reverse logic to infer that in the core blue-chip stocks in the market such as 'infrastructure' and 'military industry', institutions hold less positions, but the potential for subsequent surges will continue longer? After all, if institutions want to adjust their positions , nor can it be completed in a short period of time.”

"Using reverse thinking, the same could be said."

"Then don't care about the adjustment of the two main lines of 'infrastructure' and 'military industry' at all? After all, if many institutions want to adjust their positions, they will rise sooner or later."

"It still depends on the line of 'technological growth', will it still be fraudulent?"

"The line of 'technological growth', after the collapse of 'LeTV', the underlying investment logic has been shaken collectively, and its foundation has been shaken. According to the position logic of various institutions, the line of 'technical growth' must be dead If you can't die anymore, the possibility of fraudulent corpses is very small."

"Regardless of whether the line of 'technological growth' explodes or not, 'infrastructure' and 'military industry' will be the absolute core lines of the market next."

"I agree. It's not just about the support of Mr. Su's holdings, but the institution has no choice if it wants to increase its holdings."

"Actually, in terms of the current market structure of institutional groups in the general direction of blue chips on the main board, the higher the stock index rises, the more panicked they will be. After all, the higher the stock index, the more empty it will be!"

"According to this logical analysis, I feel that the market will really have a long-lasting short-squeeze market!"

"I hope. After all, the market in the first half of this year is really tragic. I sincerely hope that the market in the second half of this year can replicate the market trend in the second half of last year."

"The market in the second half of last year was mainly on the GEM index."

"This year, judging from the situation, there is a high probability that it will be reversed, from the pattern of 'eighty-two splits' to 'twenty-eight splits'."

"Whether it's a 'twenty-eighth split' or an 'eighty-twenty split', it's always right to follow Mr. Su's "wealth road" and the main line of the market core. Even if you chase high for a short time, the great probability is only on the cost of holding positions , there is no advantage, and it will not be too deep."

"Agreed, in the case of limited market funds, it is safest to keep up with the core hot spots."

"In the stock game market stage, it is not suitable for long-term holding of stocks, and it is not suitable for buying bottoms. It is indeed the safest to keep up with hot spots. The phrase 'the strong will always be strong' will never be a sentence in the financial trading market. Empty words."

"It's better to keep up with Mr. Su's 'Wealth Road' than to keep up with the hot spots."

"Agreed, after all, as long as Mr. Su's 'Wealth Road' is located, that is where the hot spots of the market gather."

In the midst of extremely heated market discussions...

At noon, although the two main lines of "infrastructure" and "military industry" fluctuated and dropped a lot in the last 30 minutes of the closing time in the morning, the core hot spots and discussion centers of the entire market are still completely focused on within these two main areas.

And for the big main line of "technical growth" that was popular in the early stage.

Although the two hot concepts of "Internet Finance" and "E-Commerce" were able to support the trend in the morning, they did not follow the panic and plunge of other concept sectors in the field of "Technology Growth", but the overall bearish sentiment , The pessimistic expectations that turned sharply continued to breed at noon, and continued to ferment and spread in the hearts of the majority of retail investors.

At the same time, the market's noon news surfaced.

The good news about "infrastructure" and "military industry" is also constantly being discovered by investors.

On the other hand, the main line of "technological growth" seems to be that after the panic crash, along with the collapse of the investment logic of "LeTV", a crop of bad news, under the excavation of the majority of investors, has emerged one after another. come out.

"Boss, this is the so-called rising stock price, which is all good news, and if the stock price falls, it is all bad news, right?" At 12:35 p.m., inside Yuhang, Yuhang Investment Company, the trading room of the main fund, they had already eaten After returning to the trading room, Wang Can, who observed the obvious emotional changes in the market, asked Su Yu with a smile, "Sure enough, investors will hint in their hearts and automatically adjust their psychological expectations!"

Su Yu smiled and responded: "It is human nature to seek advantages and avoid disadvantages. When a person is positive, he is always willing to see the good side and ignore the bad side. It will magnify the bad side, while subconsciously ignoring the good side, the reaction of market sentiment, its essence, is human nature.”

"In fact, the two main lines of 'military industry' and 'infrastructure', the future expectations are not as good as everyone thinks."

"As for the line of 'technological growth', the future expectations are not as pessimistic as market investors have expected at the moment."

"However, according to the inertia of our big A's market trend."

"Regardless of the market's emotional reaction or the rise and fall of stock prices, it will always go from one extreme to another."

"This is why in our A-share market, the pendulum investment effect is so frequent, because most of the market participants are ordinary retail investors, driven by the human nature of seeking advantages and avoiding disadvantages, extreme emotional performance is simply unavoidable , Natural extreme trends are very common.”

“And, just because of extreme emotions, markets are often irrational.”

"Then, excess profit opportunities will exist."

"This is the unique ecosystem of our big A, and it is also the unique trend evolution of the domestic market. If we want to survive in this market for a long time, and even want to go further and grab more profits, then... We must respect and adapt to this ecology, and understand the nature of this trend.”

"However, although the sentiment on the line of 'technological growth' is rapidly collapsing, and the group of pessimistic investors on this line is rapidly increasing, but..." In Su Yu's analysis, Li Meng continued, "The whole market as a whole Investment sentiment and investment confidence are obviously improving. Moreover, according to the feedback and discussions of various investor groups in the market, there are still more people who can make money in the market than those who lose money. This shows that The overall profit-making effect of the market is still slowly expanding, which also shows that the overall trend of the market is developing in a good direction, and it also shows that there is nothing wrong with our leading breakthrough in the main line of the market.”

"Well!" Su Yu nodded and said, "You are right. In essence, as long as there are more people making money than people losing money in the market, it means that the market's money-making effect is expanding, and the money-making effect Continued expansion will inevitably attract more off-market potential investors.”

"And more potential investors outside the market entered the market."

"It is bound to bring more market incremental funds, which will further stimulate market conditions and push the market to make further upward breakthroughs."

"From the current point of view..."

"Generally speaking, the market is developing in a good direction and has entered a virtuous cycle of ecology. In this way...many of the expectations we imagined before should be realized."

"Previous expectations..." Hearing that Su Yu's eyes gradually became brighter, Wang Can's heart was excited for a moment, and he asked, "It means... the form of a bull market, there is a high probability that it will become?"

(End of this chapter)