The investment era of rebirth

Su Yu nodded with a smile, and replied: "Yes, when we make a market, we must not only focus on the market, but also focus on the expected changes on and off the court."

"Master, the positive signal released by the central bank to the market should have already explained the expectation of future interest rate cuts and RRR cuts?" Under the formation, the main line of 'big finance' should have sufficient news and policy support, and before the official news hits the market in the direction of the main line of 'big finance', it shouldn't be a big problem, right?"

Su Yu nodded slightly, and responded: "The current market should generally have this expectation."

"In fact, even without the expected stimulus released by the central bank to the market and monetary policy shift, the main line of 'big finance' will obviously explode." Zhao Lijun also continued at this time, "The market turnover of 6000 billion In addition, compared with June and July, the balance of the two financings has also increased by hundreds of billions. The entry of so much incremental funds will bring performance growth to the securities business sector and even the entire "big finance" sector. impossible to ignore.

There is also the continuous siphon effect on other mainline funds in the market due to the mainline sectors such as 'infrastructure' and 'military industry'.

As a result, the valuation of the line of 'big finance' has been suppressed extremely tragically.

Such a large difference in expectations, as long as the main capital group active in the field is not blind, they should all notice it.

Therefore, in this line, I think that even if we do not lead the pull market, we will eventually form a unified force in the market and finally get out of the market.

It's just that the time when the market finally breaks out may be relatively delayed.

There is also the possible explosive force, which is not as strong as it is now, and its driving effect on the entire market will not be as rapid as it is now. "

"Although the line of 'big finance' is a bright card, it is very heavy to hold up the market." At this time, Zhang Guobing also took over the words and said, "If we don't move the market at this critical moment, it is very likely that the market will fall in the 'big finance' line. In the direction of finance, after it has been difficult to form a joint force, it will quickly turn to the main line of "technological growth" and "big consumption". If the market really develops in that way, it will be completely unfavorable for us, so... I think we At this time, it is very necessary to bring out the big theme of 'big finance'.

Now, the investment volume of our institution is so large.

In terms of investment and trading, one cannot simply follow the trend of market development, but must actively guide the market to make corresponding breakthroughs. "

"Guobing makes sense." Su Yu said with a smile, "The best defense is to take the initiative to attack. Only we follow the macro development trend of the market to actively guide the market, so that the market's emotions and prices can develop towards our expectations. Only by proceeding in the right direction can we truly grasp the market conditions, reduce investment risks, and maximize market profits, which is a must-have ability for an excellent market operator.”

"Boss, in addition to the line of 'big finance', today's line of 'technological growth' also rebounded quite violently." Wang Can pondered for a while, and said at this time, "LeTV and Wangsu Technology both have their daily limit today. Well, domestic software, Apple concepts, film and television media, mobile games... and other related concept sectors in the main line of "Technology Growth", today's growth rate is also second only to the core sectors of "Big Finance".

Judging from this situation, it seems that the entire main line of "technological growth" is indeed showing some signs of adjustment.

If in the future, the capital group forms a joint force in this direction, will it form a certain market restriction on the main line of "big finance" that is breaking out and breaking through?
After all, if the whole main line of 'technological growth', out of the continuous effect of making money.

Then, it is bound to form a certain degree of differentiation for the funds gathered in the direction of the whole "big finance".

At that time, the market's main funds will diverge, and the power to undertake funds in the direction of "big finance" will inevitably weaken. In an attempt to make a profit and take profit, switch between high and low levels on the main line of 'big finance' and 'technological growth', which will inevitably suppress the upward force of the main line of 'big finance'. "

"Today's rapid rebound of the line of 'Technology Growth' is mainly driven by the check of 'LeTV'?" Before Su Yu could speak, Zhu Tianyang said, "And the check of 'LeTV', today The main reason for the change is the stimulation of the news, rather than the expected reversal of the fundamentals. I think at this stage, the market main line of "technological growth", and its fundamental expectations, have not yet reached the time of reversal.

At least for many stocks, their performance growth has not kept up with valuations.

Moreover, from a purely technical analysis, the K-line patterns of many stocks have not come out, and the internal bargaining chip structure has not been adjusted.

So, to put it all together...

The main line of "technological growth" should be mostly short-term rebounds at present, rather than reversals.

Comparing the market trend of the main line of "big finance", the two are completely different in terms of market development motivation and expected factors, and naturally they cannot be compared with each other.

The logic of this factor of oversold rebound.

It will only make many stocks in the line of "technological growth" rebound quickly by [-] or [-] points.

Once these stocks encounter strong pressure ahead, as well as strong selling of main funds, and at the same time, the extreme hype and follow-up sentiment in the market begin to decline gradually and stabilize, then these oversold and rebounded "technical growth" stocks have a high probability of coming back. will be in adjustment.

In other words, I think, the current stage.

For the line of 'technological growth', the time is still immature if we want to get out of the continuous profit-making effect, make rebound expectations, and gradually form reversal expectations.

Moreover, under such a strong profit-making effect in the direction of "big finance" and a breakthrough market trend.

In fact, the funds flowing in the direction of "technological growth" are only short-term funds overflowing from the direction of "big finance" in a short period of time.

Relying on this group of funds, it is difficult to continue to promote the line of "technological growth".

Therefore, I think we don't need to worry about the influence of the line of "technology growth" on the market of the line of "big finance", nor do we need to worry about the divergence of active capital groups in the market, which will restrict the market height of the line of "big finance". "

"Tianyang is right." Su Yu saw that Zhu Tianyang had clearly explained the logic of Wang Can's worries, so he couldn't help but nodded with a smile, and responded, "The line of 'technological growth', the current fundamentals However, there are still problems. Whether this line can form a fundamental reversal expectation, and the final logical judgment, I am afraid that we will have to wait for the performance of many related core stocks in the third and fourth quarters before we can see clearly.

Before that, the line of "technological growth" is unlikely to end the overall adjustment and take a further upward route.

And the line 'big finance'.

The fundamental reversal expectations are already obvious.

Coupled with the continuous positive stimulus from the central bank and regulators, the foreseeable follow-up "Shanghai-Hong Kong Stock Connect", the issuance of A50 index futures, the issuance of China Securities 500 index futures, the central bank's interest rate cuts, etc., will also come one after another. Such a surefire investment opportunity.

As long as the active capital groups in the market are not blind, they should all converge towards this main line.

There is no problem in the expected logic of investment, so there is no need to worry about other things.

in other words……

Even if the line of 'technological growth', with a very small probability, reverses the trend ahead of time and forms a continuous profit-making effect, how many capital groups can it divide the market?
Don't forget, the average daily turnover of the current market is already more than 5000 billion, and it is still rising.

At this level of volume and energy, the market can support two or three core lines and make breakthroughs at the same time.

That is to say, under the extremely abundant capital liquidity in the current market, in fact, as far as the line of "big finance" is concerned, the capital flow actively undertaken is completely excessive.

This has led to the situation that the overall expectation of the main line of 'big finance' is still strengthening.

The stock prices of the relevant core stocks simply cannot go down. As long as there is a slight adjustment in the stock prices of the relevant core stocks, the underlying capital flow will continue to flow.

Moreover, the two financing targets in the market are mainly core stocks that converge in the direction of "big finance".

In the case that the balance of the two financings in the market has exploded one after another.

This leverage effect will also intensify the market evolution in the direction of "big finance".

I guess... In the direction of 'big finance', especially the relatively more certain 'securities' and 'Internet finance' sectors, the market performance should be more violent than we expected. "

Just as Su Yu expected...

The next day, Friday, October 10.

The market was relatively calm in terms of news, and there was no clear positive or negative intrusion, and the market continued to open significantly higher in early trading.

Among them, in the direction of "Big Finance", which has attracted much attention from the market, the "Securities" sector index once again opened higher by nearly 3 points, and the "Internet Finance" sector index opened nearly 2.5% higher.

After the official opening.

The securities sector peaked at 9:36, hit around 5 points, and remained strong.

Among them, in the securities sector, the 'Western Securities' stock, which has the strongest trend, has already achieved the three-linked board. After opening 7 points higher today, within a few minutes, it was closed again on the board, forming a four-point board. The tyrannical situation of even board daily limit.

As for the "Internet Finance" sector, after the official opening, it also surged rapidly.

Among them, the three checks of 'Flush Flush', 'Great Wisdom' and 'Yinjie Technology' also closed the daily limit in seconds after opening higher, and continued to realize the continuous board trend.

However, in the core sectors of 'big finance', the trend is still strong.

Still in the case of large-scale siphoning of funds.

At 9:46, the market opened sharply higher and went on the board quickly, and once achieved the 25th consecutive board, the "Blue Stone Reload" suddenly crashed and fell rapidly, falling 10 points in an instant, directly falling from the daily limit price to the green market The status quo has seriously hit the hype and investment sentiment that the market continues to advance at a high level.

Therefore, under the influence of the trend of "blue stone reloading" high-level flash crash.

At 9:47, 'Leiman Optoelectronics', which also had its trading limit closed, also exploded rapidly, marking that the two sub-lines of 'sub-new shares' and 'sports industry development', which have been domineering for many days, have entered a stage of rapid adjustment.

At 9:48, under the explosion of 'Lanshi Heavy Equipment' and 'Rayman Optoelectronics' one after another.

Yesterday, in the main field of "technological growth" that had a hot money-making effect, a large number of popular concept stocks, as well as weight core stocks, also quickly ushered in diving, quickly recovering the gains made at the beginning of the market.

At 9:50, the check for 'LeTV', which originally realized the triple board, also issued a huge amount on the daily limit board, and the board fell rapidly.

At the same time, Wangsu Technology, Huayi Brothers, Huaqingbao... all stocks fell.

At 9:53, the rapidly ebbing hot hype spread to the field of 'big finance'.

I saw that the indices of 'securities', 'banks', 'insurance', and 'Internet finance' also dropped rapidly, and the pressure on the market increased instantly.

At 9:55, 'Oriental Wealth', the core stock in the 'Internet Finance' sector, regained the 5-point gain it made in the early trading, and almost fell to near the flat price.

At 9:56, the securities sector index fell back to the 3% gain position.

At 9:57, the stock 'Great Wisdom' broke the board, but in less than 3 seconds, it was re-sealed by 10 buy orders.

At 9:58, the stock index fell back to within 1%, and the Shenzhen Stock Exchange Index and ChiNext Index fell back to within 0.5%.

At 10:02, the core leading stock in the brokerage sector, 'Western Securities' issued a huge amount on the daily limit board, and there were 10,000+ consecutive main selling and selling orders.

However, just when everyone thought that the check from 'Western Securities' would explode.

After selling 10,000+ lots of main selling orders in a row, there were nearly 20 main buying orders in a row, which quickly blocked the buying channel and continued to seal the daily limit.

At 10:03, when the majority of investors who paid attention to the stock 'Western Securities' saw that the envelopes of this check increased rapidly after a sharp drop, they knew that there was no hope of opening the market, so they couldn't help but stopped selling And other buying funds who planned to withdraw their orders on the daily limit also quickly gave up their plans to withdraw their orders, and looked forward to buying the chips they wanted at the price of the daily limit.

At 10:04, the securities sector index rose further and fell back to about 2%.

At the same time, 'Bluestone Heavy Load' continued to drop 5 points rapidly, and the market's decline expanded to 5.33%. The intraday amplitude reached nearly 16 points, and today it took a lot of funds for this stock on the daily limit board, and it was losing money at the moment It has reached 16%, which is extremely tragic.

After the explosion of 'Leiman Optoelectronics', at this moment, the increase in the market also fell back to 4 points.

There are also a lot of popular stocks in the main line of "Technology Growth", such as the check of "LeTV". Well, it has already reached the 5 billion level.

At 10:10, the divergence between the two markets became more and more obvious.

In the previous three trading days of consecutive surges and rebounds, the short-term profit-making capital group began to take profits at this position and sell a large number of chips.

At 10:20, the Shenzhen Stock Exchange Index, the ChiNext Index, and the Small and Medium-sized Board fully recovered the gains made in the early trading period, and fell back to near the flat market, showing a pattern of violent shocks.

At the same time, the increase in the securities sector fell back to 1.5%.

For the two major sectors of banking and insurance, the intraday gains have engulfed the gains made at the beginning of the session, and fell back to the opening positions, that is, the 0.4% and 0.63% gains.

As for the 'Internet Finance' sector index, its performance was in sync with that of the securities sector, and the increase fell back to 1.42%.

In the midst of the sharp decline in the gains of several major core sectors of 'Big Finance', at this moment, the main capital flow of several major sectors has also gradually changed from a large net inflow at the beginning of the session to an outflow state.

Of course, it's not just the main capital flow in the direction of "big finance", which has begun to show an outflow state.

Other popular main lines in various markets, at this moment, the capital flow is also showing an outflow state.

At 10:25, when all the main lines that have rebounded sharply in the past few days have pulled back and fluctuated, the core main lines such as "infrastructure" and "military industry" that have been weak in the past few days have gradually strengthened at this moment.

Many active capital flows retreating from the main line fields such as 'big finance', 'technological growth', 'sub-new shares', and 'sports industry development' have begun to flow in at high and low levels. These days have obviously lagged behind the market performance, and there is a need for supplementary growth The "infrastructure" and "military industry" fields of the market are listed.

At 10:28, China Airlines Heavy Machinery suddenly pulled up in a straight line.

At 10:29, Fushun Special Steel, Huahang Optoelectronics, Hongdu Aviation, Aerospace Development and other stocks followed suit and rose.

At 10:30, the early popular concept stocks in the field of "big infrastructure" such as Shanghai Construction Engineering, Beijiang Communication Construction, and Huaxin Cement also changed one after another.

At 10:35, 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Restructuring of State-owned Enterprises', 'Shanghai Free Trade Zone', 'Yangtze River Delta Economic Belt', 'Pearl River Delta Economic Belt 'And other stocks related to the main line of popular concept themes in the early stage, such as Yingkou Port, Pudong Development, Shenzhen Development...etc.

At 10:40, when the main lines such as "infrastructure" and "military industry" were fully changed, they undertook the market conditions and drove the market to carry out the main line market rotation.

The majority of investors who are paying attention to the market.

I believe that today's market is a market with obvious divergences, and I believe that the core main line "big finance" related sectors, and their corresponding core stocks, will fluctuate violently, when short-term profit taking is digested at low intraday levels.

The check for 'Oriental Securities', which had fallen from a high of 6 points to a 2-point gain.

Suddenly, on the disk, there was another continuous burst of buying orders with tens of thousands of hands.

Moreover, this buying order continued to sweep up the sell orders in an extremely aggressive manner.

At 10:41, the stock price of 'Orient Securities' rose by more than 3 points in a straight line, and the intraday increase returned to 5%, and the time-sharing volume was able to reach 1 million in one minute.

At 10:42, the stock price of 'Orient Securities' continued to rise in a straight line, hitting a new intraday high, reaching more than 8 points, and the volume in one minute continued to explode by 1 million.

At 10:43, before everyone came back to their senses, the stock price of 'Orient Securities' had already hit the daily limit in a straight line, and the daily limit was blocked by lightning. The volume reached 1 million in 3.23 minute, and the total turnover reached 3 million in 7 minutes. Above, the daily turnover totaled more than 15 billion.

At 10:44, 'Orient Securities' completely blocked the daily limit.

At 10:45, thanks to the extreme explosion of "Orient Securities" and the daily limit of the main seal, the entire securities sector, as well as the banking, insurance, and Internet finance sectors in the "big finance" sector, began to recover rapidly, and the relevant sector indexes, one after another Explosive volume increased.

At 10:46, thanks to the collective rebound of "big finance", the Shanghai stock index also rose rapidly.

At 10:47, the securities sector index rebounded to a 2.5% intraday gain position, and the main capital flow inside the sector changed from a net outflow state to a net inflow state again. Funding, in the end, prevailed.

At 10:48, Huaxin Securities, Huatong Securities, Huatai Securities, Huashang Securities... a group of heavyweight securities stocks rebounded one after another, and in terms of market performance, the amount of main buying funds also exploded again, and the low-level undertakings in the intraday Funding groups can be described as endless.

At 10:49, the stock of "Oriental Fortune" in the "Internet Finance" sector has returned to the position of a 5% increase in the day. At the same time, its market value has surpassed Wangsu Technology and LeTV, ranking among the entire ChiNext The index ranks first in the market capitalization of heavy constituent stocks.

At 10:50, under the influence of the securities and Internet finance sectors taking the lead in rebounding and counterattacking.

Insurance, banking and other sectors also began to counterattack and recover.

At 10:51, driven by the recovery of the whole line of "big finance", the field of "big consumption" also picked up. Heavyweight stocks such as Qianzhou Moutai, Gree Electric Appliances, and Midea Electric Appliances all rebounded one after another.

At 10:52, the main lines of "infrastructure" and "military industry" that once rebounded in the intraday, at this time, as the "big finance" continued to siphon active funds from the market, they fell from their intraday highs one after another. A group of concept stocks and a group of leading stocks in the field that had been rising rapidly before, at this moment, they also rushed up and fell back, and the amount of selling funds on the market can greatly increase.

At 10:53, 'Blue Stone Heavy Equipment' was stimulated by the recovery of the main line of 'Big Finance', and fell from the lowest position of 5.56%, and quickly pulled back to the red market stage, but it was already unable to attack.

At 10:54, the securities sector rose within the day and hit the 3% mark again.

At 10:55, driven by the "big finance", the stock index rose again and returned to the 1% increase position. The market failed to "switch between high and low", as if it quickly returned to the original market rhythm.

"Holy shit, the line of 'Big Finance', especially the 'Securities' sector and the 'Internet Finance' sector, are really strong. Judging by the trend of these two sectors, they refuse to adjust. The differentiation is over so soon. It's gone." At 11:02, in Shanghai Zexi Investment Company, inside the trading room of the main fund, Zhou Kan stared at the market changes in the two cities with obvious surprise, and was a little shocked in his heart. He turned his head and glanced at Xu Xiang, and continued Said, "Boss, from the looks of it, 'Big Finance' should be difficult to adjust down?"

Xu Xiang stared at the real-time changes in the two markets, was silent for a moment, nodded, and said: "The active capital flow in the direction of 'big finance' is faster than we expected, and a lot of funds are not waiting for the stock market at all. The core stocks in the two sectors, Internet Finance and Internet Finance, wiped out the profit margins of the past few days, and rushed away one after another.”