The investment era of rebirth

"That's no problem." Gu Chijiang said, "Where do you estimate the market adjustment position will stabilize?"

Lin Tingzong responded: "It's hard to say. It depends on the recent changes in news and sentiment, as well as the trends of the main funds of the 'Yuhang Department'. At present, the main funds of the 'Yuhang Department' , the impact on market sentiment is still very large. If this main fund can disclose its positions and net worth trends, it is expected to have a drastic impact on the current market trends.

But according to my guess, the main funds in the 'Yu Hang Department'.

As long as the investment strategy goals and trading goals have not been achieved, this main force of funds will not fully expose its positions and net worth dynamics for the time being.

Because this main force of capital can influence too many follow-up orders.

Therefore, in order to prevent its investment strategies and trading strategies from being interfered by funds following suit in the market, most of these major funds will not disclose new position data and net worth trends in the near future. "

"I think so too." Gu Chijiang nodded and said, "The main fund of the 'Yu Hang Group' has not seen any large-scale selling trend for two or three consecutive trading days after a large-scale reduction of positions on Monday. Therefore...according to the past operating style and trading style of this main force, this main force should not continue to reduce positions or sell off on a large scale.

In other words, there is no longer the main force of the 'Yu Hang System' to suppress the market trend.

As well as the major market institutions, after comprehensively lowering the expectations of the 'Yu Hang Series' large-scale smashing and taking profits, the market's correction and selling trend should ease slightly. "

Lin Tingzong thought for a while and said: "I think that at this time, the market correction trend has eased slightly, which will be detrimental to the market trend."

"Why?" Gu Chijiang asked slightly surprised.

Lin Tingzong said: "This should lengthen the time for the two core main areas of 'big finance' and 'big infrastructure' to clear floating chips, which will lengthen the time and space for adjustment in the two cities. If the market can maintain its current level The extreme selling sentiment quickly reaches the 3200-3000 level, which is very conducive to the end of the market adjustment and the subsequent market conditions."

"That's true." Gu Chijiang pondered for a moment and responded, "It seems...there is indeed no sign of the end of the adjustment in the market. We still have to continue the previous investment strategy and trading strategy and further reduce positions and stop profits." The bargaining chips in several core main areas such as infrastructure, 'big finance', and 'military industry' have reduced the positions of the main funds to a reasonable position."

"Yes." Lin Tingzong nodded and continued, "The short- to medium-term market trend has reversed, so we... naturally have to respect the market trend."

Accompanied by the two people's analysis of the current market conditions.

And regarding the next changes in investment strategies and trading strategies of major fund products.

At this time, the market in the two cities has begun to enter the trading time range of 20 minutes before the midday closing.

As the two cities closed at noon, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and ChiNext Index, which originally showed a significant rebound, continued to encounter strong and heavy selling pressure at relatively high levels in the session, and then showed a relatively obvious rise and fall. Trends, and in the market, the market trends of core main-line related industry sectors and concept sectors such as 'big consumption', 'pharmaceutical', 'mobile Internet', 'smartphone industry chain', etc., which were slightly strong, began to show weakness at this moment. According to the trend pattern, selling orders on the market are increasing with time, while active buying orders on the market are gradually decreasing as time goes by.

As for the previous sharp declines, the adjustment was very drastic, but the market attention and discussion enthusiasm are still very high for 'big finance', 'big infrastructure', 'military industry', 'film and television media', and 'sub-new stocks' ...etc. for the early core and main line market sectors.

At this moment, after a brief strong rebound in early trading.

At this moment, relatively heavy active selling emerged again on the market of related industry sectors, concept sectors, and popular stocks, and the buying power on the market was obviously exhausted.

In this situation……

At 11:12, it once rebounded and surged higher. The 'Blue Stone Reload', a big monster stock in the new stock sector, which had hit the red limit from the lower limit, fell back to the lower limit again, and continued to kill today's intraday pursuit. There are also a large number of short-term capital groups who are chasing the bottom.

At the same time, the securities sector, national defense and military industry sector, and Internet financial sector indices fell.

It also zoomed in quickly again.

Among them, the securities sector's intraday decline once again exceeded 1.5%, and the Internet financial sector index's intraday decline once again reached the 2% mark.

At 11:13, the intraday turnover of 'Huaxin Securities' exceeded 65 billion, and still did not show an obvious shrinkage pattern. The market trend also turned from red to green, and fell underwater again, and the market decline continued with the As the trading time goes by, it is still in an obvious expansion trend.

At 11:14, when the 'Flush' check once turned red and rose during the session, the market decline at this moment also reached 3%, continuing to show a weak sell-off pattern, and also buried today's session. All short-term capital groups buying this stock at the bottom.

At 11:15, the Shanghai Stock Index returned to its early opening position after rising higher and falling back, completely controlled by 3600 points, causing the market's bullish sentiment to suffer a heavy setback again.

At 11:16, the 'banking' sector, which had once led the gains in the two cities and squeezed into the top five in the two cities' industry sector growth lists, also fluctuated and fell. The gains in the market had been completely wiped out, and the sector index returned flat. The position, and the selling power on the market, are also increasing rapidly under the decline of long sentiment.

At 11:17, it was affected by the intraday limit drop again due to the "Blue Stone Reload".

The 'National Defense Industry' industry sector index fell to a 2.35% decline in a flash, causing this large industry sector to once again become the leading industry sector in the two cities.

Moreover, in the sector area.

Previously, they were greatly affected by the trend of the check "Blue Stone Reload", and there are some concept stocks that strongly follow the trend of the check "Blue Stone Reload".

Stocks such as 'China Airlines Heavy Machinery, Hongdu Aviation, Aerospace Development, Fushun Special Steel...' and other stocks.

At this moment, they also fell sharply.

Among them, like China Airlines Heavy Machinery, a popular stock in the military sector, in just a few minutes, it wiped out all the gains in the early trading and pushed the decline to 3%, causing the entire ' The defense industry' sector was under unanimous selling pressure.

At 11:18, affected by the trend of the two major industry sectors of 'big finance' and 'military industry'.

The two main lines of 'big infrastructure' and 'film and television media', which originally had some profit-making effects on the market, have also begun a relatively rapid downward correction trend. Among them, the 'big infrastructure' main line of 'building decoration, building materials, and commercial real estate development' Several major industry sectors have suffered heavy losses.

Especially in the 'commercial real estate development' industry sector.

However, in just a few minutes, several real estate stocks that the "Yu Hang Group" paid attention to, such as "Kumho Group, China Land Development, Gemdale Group..." and other stocks, all encountered huge concentrated selling on the market. As a result, stocks not only wiped out their gains, but also fell underwater.

At 11:19, when the daily turnover of 'Huaxin Securities' reached close to the 70 billion mark, the market fell by 2.11%. At 11:20, a number of recent popular stocks in the securities sector, such as 'Western Securities, Harbin Investment Capital, Xiangcai Securities...', which originally led the 'securities' sector's oversold rebound in the early trading stage, also turned green across the board. It shows that selling has completely suppressed buying.

At 11:21, after 'Blue Stone Reload' fell to the limit again.

The check of 'Hua Ke Shuguang', which has a strong correlation with the trend of 'Blue Stone Reload' and is also known as the second big monster stock at the end of the year, has no choice but to seal the limit after a continuous desperate struggle.

And these two core popular stocks in the 'sub-new stock' sector have dropped by the limit.

It also directly had a very bad impact on the market trend of the main concept theme of 'sub-new stocks'.

under such a bad influence.

From this moment on, many near-end sub-new stocks began to weaken, and several of them followed the trend of 'Blue Stone Heavy Equipment' and 'Hua Ke Dawn', and got out of the downward limit trend with serious money-losing effects.

At 11:22, amid the sharp market trend, the Shanghai Stock Exchange Index turned green.

At 11:23, the main areas of 'big finance', including banking, insurance, securities, and Internet finance sectors, all turned green and declined.

At 11:24, the intraday decline of the 'Internet Finance' sector reached the 3% mark.

At the same time, in the middle of last month, Flush, a stock that had been hyped by all major financial groups and major short-term financial groups to a 5-fold increase, at this moment, its market decline also expanded to the 5% mark.

And along with the 'flush', the market plummeted.

A number of popular stocks within the sector, including Oriental Fortune, Great Wisdom, Huake Financial, Changliang Technology, Yinjie Technology, Hengsheng Electronics, etc., also followed suit and fell sharply.

Among them, the check of 'Hua Ke Jincai' is even more affected by the check of 'Hua Ke Shuguang'.

It plummeted directly, reaching 6% in one fell swoop, showing a limit-down trend.

At 11:25, the weak trend of the 'Internet Finance' sector quickly spread to the entire 'Mobile Internet' main line field.

So, all of a sudden.

'Domestic software', 'network security', 'mobile payment', 'smart city'... and other related quota concept themes have been greatly affected.

Among them, the two major sector indexes are 'network security' and 'mobile payment'.

The day's decline reached around 2.5%, directly catching up with the 'Internet Finance' sector index's decline.

At 11:26, after the half-day turnover of 'Huaxin Securities' exceeded the 70 billion mark, it finally began to stabilize within the 2% to 3% decline and no longer continued in the market. A number of weak concept stocks were linked to kill If it falls, it is likely to hit the short-term support level.

At the same time, the Shanghai Stock Index fell below 3600 points and was hopeless to stabilize at 3600 points.

After just over ten to twenty minutes of market decline and concentrated selling, it once again reached around 3580 points.

And also at this moment.

In the early stage, the check of Yingkou Port, the leader in macroeconomic strategic planning of the 'New Era Road and Maritime Silk Road', which was jointly hyped by various short-term capital groups, also fell in a straight line under the continuous heavy selling. It quickly hit the bottom limit and continued to show an extremely weak and extremely tragic money-losing effect.

And affected by the limit drop of the check of 'Yingkou Port'.

At 11:27, the entire concept theme of 'New Era Road, Maritime Silk Road', as well as the so-called 'Eurasian Economic Belt', 'China-Japan-Korea Free Trade Zone' and other concepts of peripheral economic integration development, were suddenly discussed. During the period, they all suffered heavy setbacks. The selling pressure on the market was increasing, and the active buying power was obviously further exhausted.

At 11:28, the "Shanghai Sanmao" flash crashed, and the core concept theme of "Shanghai Free Trade Zone" also unsurprisingly showed a sudden trend amid the comprehensive correction of the entire "big infrastructure" main line.

At 11:29, the Shanghai Stock Index continued to fall below 3570 points, and the entire market fell further.

Finally, when 11:30 arrived, the two cities ushered in the midday closing time.

I saw that the Shanghai Stock Index almost fell by 1% despite all the intraday gains. The slightly stronger Shenzhen Index and ChiNext Index were not able to get out of the relatively independent trend under the weak trend of the Shanghai Stock Index. The market trend drove the Shanghai Stock Index to rebound strongly.

Even though 'Big Consumption', 'Mobile Internet', 'Smartphone Industry Chain', 'Pharmaceuticals', etc. are relatively strong, the market selling has not been such a big hot topic in recent days, and it has not been able to drive several major core indexes in the market. , out of the trough period of continuous adjustment.

As for the attention.

At the same time, it has also become the biggest drag on market trends, such as 'big finance', 'big infrastructure', 'military industry', 'film and television media', 'sub-new stocks' and other early popular main areas.

These core main lines, after a brief rebound, once again formed a comprehensive market trend of decline.

And this kind of trend pattern.

Undoubtedly, it is another huge destructive effect on the market's long sentiment.

Among them, the core sectors of securities, Internet finance, and national defense and military industry are still the main areas with the fastest decline and the most tragic trend in the entire market.

"Sigh, I feel like this market is really hopeless." Seeing the closing situation of the two cities at noon, at this moment, inside Yanjing Chenghua Public Fund Company, in the main fund product trading room, Gong Tiancheng, the fund manager, sighed helplessly and said, " Every supposed rebound is the starting point for a sell-off. Looking at this, it will be difficult for the Shanghai Stock Index to stop for a while, and the support position of the two markets is very likely to be below 3500 points."

After hearing Gong Tiancheng's words, Zhou Qiang, the fund manager assistant who is the company's main fund product and the leader of the trading team, sighed helplessly and said: "Obviously, the Shanghai Stock Exchange Index has definitely not been adjusted in place at the moment. Can it hold on to the 3500-point position?" , I can only say that the only good thing is that...the two cities' markets and their corresponding core main lines have fallen so hard, and there has not been too extreme panic selling." (End of this chapter)