The investment era of rebirth

At 1:26, the Shanghai Stock Exchange Index began to gradually turn downward from its intraday high amid the heavy volume and stagnant growth of a number of "Chinese-headed" heavyweight stocks.

At 1:27, the stock price of MCC showed an obvious trend of heavy volume and decline.

At 1:28, the stock price of Bluestone Heavy Equipment, which had already surged to a daily increase of around 7%, fell rapidly and fell back to around a 5% increase.

At 1:29, the stock price of ‘Founder Securities’ turned green again.

At 1:30, the Shanghai Stock Index retreated and fell back to its 1.5% gain. At the same time, the stock prices of the two core heavyweight stocks "Huaxin Securities" and "Huaguo Construction" also began to show a trend of heavy volume decline.

At 1:31, the stocks of many banks including Ningbo Bank, Shanghai Pudong Development Bank, Industrial Bank... experienced heavy volume and plummeted, and at the same time, the market turned green.

At 1:32, in the entire main line of 'big finance', the net inflow of main funds reversed and began to show an outflow. At the same time, in the fierce battle between long and short forces, 'big consumption', 'non-ferrous cycle', 'petrochemical' , 'coal', 'pharmaceutical'... and other main areas that are not popular, related heavyweight stocks, as well as most component stocks, have also begun a gradual decline and correction trend.

At 1:33, the 'National Defense Industry' industry sector index fell sharply by 0.5% and fell back to within the 0.5% increase for the day.

At 1:34, "China Airlines Shenyang", "Aviation Power", "Huaguo Heavy Industries"... and other "military industry" main line weight stocks showed large amounts of concentrated selling.

At 1:35, the stock price of ‘Blue Stone Heavy Equipment’ continued to retreat to the 3.5% increase in the day.

At 1:36, large-cap stocks with a market value of tens of billions in the Internet financial sector such as 'Oriental Fortune' and 'Hengsheng Electronics' also experienced a trend of explosive decline.

At 1:37, the number of "Huake Shuguang" checks that originally sealed the daily limit began to drop sharply on the market, showing signs that it might explode.

At 1:38, 'Yingkou Port' and 'Shanghai Sanmao', two leading stocks with the core concept theme of 'New Era Road and Maritime Silk Road', as well as the 'Shanghai Free Trade Zone' concept theme, are also the leading stocks. There are signs of a sharp decline in daily limit orders and loose chips.

At 1:39, the intraday increase of ‘Huaxin Securities’ shrunk to less than 1%.

At 1:40, the stock price of ‘Xiangcai Securities’, which once showed a desire to reach the daily limit, fell back to around 5%.

At 1:41, the intraday stock price increase of 'Huagong International' also dropped below 3%, and the total main capital trading status of many industry sectors in the main line of 'big infrastructure' also dropped sharply from the level before 1:20. The inflow state gradually transforms into a net outflow state.

Among them, there are two major industry sectors: ‘Architectural Decoration’ and ‘Building Materials’.

The internal selling of main funds was the most intense.

At 1:42, the Shanghai Stock Index's gain further fell back to about 1.2%.

At 1:43, the stock price of "Shanghai Steel Union", which had once sealed the daily limit, fell back to an increase of about 7%.

At 1:44, the intraday gains of a number of heavyweight stocks in the insurance industry, including ‘Huaguo Ping An’, ‘Huaguo Pacific Insurance’, ‘Huaxin Insurance’, etc., fell back to less than 1%.

At 1:45, the market of 'Huaguo Railway Construction' turned green. In more than 20 minutes, the heavy volume fell by more than 2 points.

At 1:46, the check of 'Huashang Securities' returned to near the flat price after violent fluctuations.

1 gives you 47 points. The entire "Securities" sector index has retraced its intraday increase to less than 1%. At the same time, the two major industry sector indexes of banking and insurance have fallen back to near the flat position.

"Today's market trend is really volatile. Is the difference between long and short so big?"

At around 1:50, in the main hot money group of Yuhang where Su Yu is located, some hot money bosses watched the index jump up and down. All major lines increased their volume, and the market divergence was huge. They couldn't help but sigh: "The pressure at this position, It looks bigger than we thought.”

"I think the fluctuations here are more violent. Try to change hands as much as possible, which will be beneficial to the market outlook."

"I think so too. Depending on the situation...the turnover of the two cities today may hit the trillion mark."

"The fundamental reason for this violent oscillation is the huge amount of profit-taking and unwinding orders that have accumulated in the market. But look at this situation... the market is at this position. Although the long and short differences are huge, the acceptance of the long positions is not There are no problems, the bulls are still very strong.”

"After the sharp decline in early trading, the bullish power can pull the index up from the bottom, so it is unlikely to fall back sharply today."

“I agree, it’s probably going to be a fierce sideways movement around the Shanghai Stock Index’s 1% increase.”

"Well, the 1% increase in the Shanghai Composite Index will probably be the center of the fluctuation."

"The Shanghai Stock Index shouldn't be able to hold on and continue to break through quickly, right? Looking at the K-line chart and the market volume, the Shanghai Stock Index should move back towards the moving average."

"I also feel that the Shanghai Index will move back towards the moving average."

"It's good to move back toward the moving average. First build a new chip platform, and then consolidate the chip structure, so that you can go further in the future."

"Actually, if we analyze the chip structure alone, we feel that the chip structure of many popular mainline weight stocks in the market has begun to loosen, especially the bottom chip structure."

"This is inevitable. You must know that it is already the end of the year. At the end of the year, the main financial institutions are under performance pressure, so this part of the capital group will inevitably adjust their positions fiercely. However, as long as the fundamental logic of individual stocks does not The problem is, I think the looseness of chips at the bottom will actually reduce the number of profit-making orders on the market, which will help individual stocks build a new chip support platform amid violent fluctuations."

"Generally speaking, today the entire 'big infrastructure', 'big finance' and 'military industry' fields are increasing their volume."

"There is a large amount of profit-taking on the market. Can we not increase the volume?"

"It is said that when there are differences, there will be market trends. This node where there are differences between long and short positions should still be a good opportunity to increase or adjust positions, right?"

"That's for sure. As long as there is no problem with the basic logic of the bull market, all market corrections are opportunities."

"I feel that except for the three core main lines of 'big finance', 'big infrastructure' and 'military industry', the market currently has extremely strong positive expectations, and the other main lines are almost meaningless. Nowadays, stocks in these major main lines are all increasing in volume. , what will you buy with the funds that go out?”

"The funds that go out will either leave the market, or they will eventually have to return to the three main lines of 'big finance', 'big infrastructure' and 'military industry'."

"With such a big shock, it's hard to do trading today!"

"It is indeed a bit difficult to open a new position."

"The three strongest stocks in the market today should be 'Huake Shuguang', 'Yingkou Port', and 'Shanghai Sanmao'. If you want to place a market, you must choose these three stocks to participate."

"The daily limit orders of 'Huake Dawn' have been decreasing sharply. It feels difficult to seal them until the close."

"If you can't seal it, you can participate in one or two." "This position has changed hands a lot, and there shouldn't be much meat behind it, right?"

"Not necessarily. As the concept leader of the two cities, 'Huake Dawn' can continue to make room for itself as long as its popularity remains."

"You said, today, the three main lines of 'big finance', 'big infrastructure', and 'military industry' have suddenly seen such a huge amount of selling. Could it be that Mr. Su of the 'Yuhang Department' is selling? The whole ' Yuhang's main fund product seems to have a need for net settlement at the end of the year, right?"

"It's hard to say, but even if Mr. Su sells, it will definitely not be Mr. Su who is leading the market."

"Actually, it doesn't matter whether Mr. Su is selling or not. I think as long as there is no problem with the overall emotional feedback of the market and the money-making effect continues, then just continue to make orders. Focus on individual stocks and light on the index!"

"I don't agree with this. If Mr. Su is selling, the impact will be quite large."

"Is Mr. Su selling? There should be traces on the Dragon and Tiger list after the market opens. The entire 'Yu Hang Series' main fund product has such a large holding volume. If you want to leave the market, it is impossible to completely avoid the Dragon Tiger list." The disclosure of the Tiger List, but... I still tend to think that the violent fluctuations in the market today are just the result of a large number of profit-taking and unwinding orders deposited in the market. Mr. Su should not be in this position at this time to sell on a large scale. After all, the good news about the central bank’s interest rate cuts and reserve requirement ratio cuts has not yet been implemented, right?”

"Yes, as long as the bad news about the central bank's interest rate cuts and reserve requirement ratios does not materialize, the market's market expectations will not collapse."

"However, in the past two days, it has become clear that the growth rates of the securities sector and the Internet finance sector have been somewhat unable to outperform the core industry sectors in the main line of 'big infrastructure'."

"How much did the securities sector and the Internet finance sector rise last month? No matter how good it is, it is impossible for trees to continue to rise to the sky. Now it is a normal trend to take a slight correction and reorganize the chip structure. What's more? The two core main lines of 'big finance' and 'big infrastructure' have alternately advanced, and each has led the rise for a period of time. It feels like it is obviously more conducive to the development of market conditions."

"I agree, if we keep following the same main line, the market situation cannot last long."

"Hey, the number of daily limit orders of 'Huake Dawn' has surged up again, and the selling volume has begun to weaken. It seems... this check cannot be opened today."

"The complete closure of 'Huake Dawn' will help the market sentiment continue to improve."

"The Shanghai Stock Index has retreated to around 0.8% and only 1% increase, and it has obviously stopped diving. It seems... the market will continue to trade sideways in late trading."

"It's pretty good. Let's look at the energy levels at the end of the session."

"It would be perfect if the turnover of the two cities today can reach the trillion mark despite the violent fluctuations and changes of hands."

With the rapid refresh of news in the group, and the analysis and interpretation of the two markets by many hot money tycoons in the group, there were also heated discussions.

The trading hours of the two cities have now entered after 2 o'clock in the afternoon.

After the market trading time entered the last hour of late trading, the market's volatility and trading volume began to gradually decrease sharply.

Moreover, due to the strong support of underlying bull forces.

Whether it is the core main lines such as 'big finance', 'big infrastructure', and 'military industry', or the non-popular main lines such as 'big consumption', 'non-ferrous cycle', 'petrochemical industry'... etc., they have all begun to fall into a narrow range. In a sideways and volatile situation, the corresponding stocks no longer retreat and fall. Of course, there is no motivation to continue the upward attack.

Finally, when 3 p.m. rolled around.

The Shanghai Index settled on a gain of 0.82% and continued to close in the positive territory. While the Shenzhen Stock Exchange Index, ChiNext Index, and Small and Medium Enterprises Index all maintained a red closing trend despite their trends being relatively weaker than the Shanghai Index.

It’s just that the A50 index, which is usually the strongest, fell back to a large extent today.

Although it still maintained its red closing price, the increase was not even as good as that of the Shanghai Composite Index. Independent of the performance of the major indexes, it could not continue to maintain its performance.

In addition to the performance of major market indexes.

In terms of energy...

The two cities have a total transaction volume of more than 9800 billion yuan per day, and they are getting closer and closer to the trillion mark.

As for the performance of individual stocks, as well as the performance of major main lines.

Although the two cities have come out of the violent long-short divergence, the short-term profit-making effect is still strong. The two cities still maintain the daily limit trend of more than 80 stocks, and such as Huake Shuguang, Yingkou Port, Shanghai Sanmao, Shanghai Stock Exchange Popular concept leading stocks such as Steel Union, Great Wisdom, Huake Financial, Tianshan Cement, Fushun Special Steel... were finally sealed at the daily limit, showing a continuous profit-making effect.

Moreover, there are three core main lines of ‘big finance’, ‘big infrastructure’ and ‘military industry’.

Although the growth rates of the banking, insurance, and defense industry sectors fell sharply compared to the intraday highs, they all maintained their red closing prices.

At the same time, the Internet financial sector was in the last fifteen minutes.

There has been a significant rebound trend, and it has re-entered the top three in the conceptual sector gain list of the two cities.

Faced with the closing situation of the two cities...

Among the broad investor groups inside and outside the market, some feel that it met expectations, some feel that it falls short of expectations, and many feel that it exceeds expectations.

Of course, no matter what view everyone holds on today’s market trend.

Everyone still has no doubt about the bull market pattern of the market, and there has been no change in the expectation that the Shanghai Stock Exchange Index will hit the 12-point mark in December.

It’s just that there are two different opinions on whether the Shanghai Index will directly short squeeze upward and rush directly to 4000 points in a wave, or whether the Shanghai Index will fluctuate sideways for a period of time, continue to accumulate strength, and then continue to break through after returning to the important moving averages of the market. There were quite a few differences.

But anyway...

In the strong bullish atmosphere and the still strong market profit-making effect.

Very few investors are bearish.

Moreover, even if some individual investors put forward short- to medium-term short-term ideas on online stock investment exchange forums, they will be ridiculed by everyone.

This makes bearishness at this time very inappropriate.

In addition to the voices in the discussions among investor groups, after the market closed, major financial media and influential institutional groups faced the market's short-term divergence and consolidation, and still continued to be bullish on the whole. The idea of ​​'year-end red envelope market' was put forward. (End of chapter)