Rebirth of the investment era

However, the good times did not last long.

Following the trend, funds received both on and off the market broke out in an instant in the afternoon. In just five minutes, the time-sharing volume of the two cities quickly declined again. The rapidly rising "infrastructure", "state-owned enterprise reform", and "Internet" Popular concept stocks in the core main fields such as finance have retreated rapidly due to the decline in volume, quickly giving up the gains created in the first few minutes of afternoon trading.

"Damn it, you still can't get up?"

Seeing that the market trend quickly fell back after the concentrated volume energy exploded, at this moment, in the main hot money group of Yuhang where Su Yu was located, some hot money couldn't help complaining: "This can't open up space, so this afternoon , there is no hope for the follow-up market.”

"Beixin Road and Bridge just almost hit the daily limit, which is really a pity."

"It's useless. Even if Beixin Road Bridge hit the daily limit just now, no one dares to forcefully close the market at this position, which is equal to zero. When the time comes, if the market is closed and then exploded, that will have an impact on market sentiment and the impact of the entire market speculation. It would be better not to close the board in the first place.”

"But if the Beixin Road Bridge is not closed today, then the expectation of this check will be shattered."

"There is a saying, a faucet that has passed is not as good as a dog! There are already layers of locked-up chips above the Beixin Road Bridge, and there is no room for further speculation. It can rise today because of the funds. Do you want to take advantage of the popularity of this stock to influence market sentiment?"

"Hey, in fact, although the index rose well today, there are not many trades that can be made."

"Indeed, except for the real estate sector, which has a little bit of counter-contracting meaning and you can try it, in other fields... the risks of participation are really much greater than the expected returns."

"This shows that the current market conditions seem to be hot, but there is no continuity at all!"

"There is still insufficient sentiment to gather an effective and continuous following effect. If the market sentiment is sufficient, there is actually a lot that can be done."

"Isn't this nonsense? If the market sentiment is hot, I would dare to block the Beixin Road and Bridge."

"Hey, once your hands are tied, it will be even harder to do."

"I feel that according to the trend of the market and the changes in the market, it will not last until the market closes!"

"I also have a bad premonition, hey... forget it, the market sentiment is not good, so I can only give up. Since I missed the opening wave in the morning, I won't open a position today."

"Yes, it's always good to be cautious."

"I always feel that the market has not fallen completely, the market cannot rise, and the rise is hesitant."

"I also feel that today's market trend is very unfavorable, and the hot spots change too quickly, from big finance in the morning, to 'infrastructure', 'state-owned enterprise reform', 'Internet finance' and other hot topics in the early stage, and then to near noon. The 'growth stock' route of small and medium-sized boards and GEM during the market is really difficult to participate in, and you can't grasp the rhythm at all. If you don't pay attention, you will start to make mistakes as soon as you enter the market."

"Not to mention, the trend in the past few minutes in the afternoon is obviously a trick."

"To be honest, there are no obvious sustainable hot spots. The market trend of 'oversold rebound', to be honest... is it necessary to participate?"

"Let's wait until the market drops completely. It is too difficult to participate in a mid-way rebound in this downward trend."

“I don’t understand why the regulators did not wait for the index to fall to 2200 points, and then released the benefits of the ‘Shanghai-Hong Kong Stock Connect’ after the index fell to 2,200 points. I believe that by then, the same good news will have better effects than now. A lot more."

"Uh... leaders don't analyze the market, so you are just like the 'Emperor's Golden Pole'."

"I don't think it matters. You can't have too many good things. As long as the overall fundamentals of the market are improving, if it falls, it will rise sooner or later."

"You use the word 'sooner or later' very well!"

"Sooner or later in the big A market, it is calculated in years."

"There's no need to be so pessimistic. Didn't Mr. Su already say that the market is already in a bull market?"

"I feel like you're being sarcastic. Mr. Su has already cleared out his inventory!"

"Liquidating is not necessarily correct. It should be said to be reducing positions. The 'Yu Hang Group' now has three main funds and an asset management scale of 30 billion. How can it be possible to completely liquidate."

"That's right, hey... the main fund of the 'Yu Hang Group' discloses its position data at intervals that are too long, otherwise it would be a good target to follow."

"Just kidding, I can keep you up, so what else is Mr. Su doing?"

"Just saying, after all, Mr. Su now holds such a large amount of funds, the data on the Dragon and Tiger List can no longer reflect his views on the market conditions and operating motives."

"Just be content. The data on the Dragon and Tiger Ranking of 'Wealth Road' looks pretty good."

"Yes, if Mr. Su's 'Way to Wealth' doesn't show up now, other active main funds in the market will be like headless flies. Look at the recent market, what's going on? There is actually a road that can undertake 'infrastructure' , the main line of market conditions of 'state-owned enterprise reform' cannot be revealed."

"Hey, there's no other way... Let's wait for the 'bright light' to show up before making a bet!"

"Indeed, Mr. Su is truly the beacon of the big A market, like no other."

The news in the group is being refreshed rapidly. The market trading time has passed 1:15. The three major indexes of Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index have completely given up the new gains made in the early afternoon and are still in the process of gradual correction. among.

In addition to the index...

Other major popular main lines in the market, including popular stocks in the two cities that moved frequently in the early afternoon, are also in the trend of gradual correction, and all related market gains have fallen back.

At 1:20, the Shanghai Stock Index briefly stabilized near the 2263 point. Beixin Road and Bridge, the most popular stock in the two cities, fell from the highest intraday increase of 55% to an increase range of 5% to 6%. , slowly stabilized, and entered the sideways oscillation mode again.

At 1:30, after a brief sideways adjustment, the Shanghai Stock Index began to move upward again.

At 1:42, the Shanghai Stock Index reached around 2270 points again, and the increase was close to 5% again. At the same time, Beixin Road and Bridge once again tried to pull up, hitting the daily limit, but in the end, it was limited in the amount of funds it could follow the trend, so it temporarily pulled up. Then, it fell back down again like lightning.

At 1:46, when the Beixin Road and Bridge failed to seal the board for the second time and the activity of hot money in the market dropped significantly, the hype on the market began to decline. Regardless of the three main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' The popular concept stocks, as well as the popular concept stocks of 'growth stocks' in the direction of small and medium-sized enterprises and GEM, have encountered heavy selling, and the retracement of gains has widened instantly.

At 1:48, due to market changes in many popular concept stocks in the two cities, this kind of market selling pressure quickly spread from popular concept stocks to the entire market.

At 1:50, the Shanghai Stock Index fell back to around 2263 points.

Later, when everyone thought that the Shanghai Index would slowly stabilize at this position like the last time in the session, and enter a sideways oscillation state.

The rapidly expanding market selling pressure instantly pushed the Shanghai Composite Index through 2,260 points.

Immediately afterwards, the retracements of both indices and individual stocks in the two cities began to accelerate rapidly.

At 1:55, in just 5 minutes, the Shanghai Stock Index retreated to 2255 points, breaking through the 1% increase mark, and retreated to within the 1% increase. At the same time, Beixin Road and Bridge almost dived in a straight line. The stock price increase has been reduced to about 3 points.

At 2:01, when the market entered the last hour of trading, the Shanghai Stock Index retreated to around 2251 points, basically giving up all the gains made during the session after opening higher in the morning. It can be said that the index fluctuated for most of the day. After that, it returned to the starting point at the opening.

At 2:08, after the Shanghai Stock Index hovered at the 2250 mark for a long time, it continued to break through this mark and shrunk to the range of 2240 to 2250 points.

At 2:15, after hitting the lowest level of 96 points, the Shanghai Stock Index experienced a short-term rapid rise and returned to the 2250-point mark. At the same time, Beixin Road and Bridge went directly underwater in one breath, and Kumho Group's gains retreated to 2 About %, the entire real estate sector, although still leading the gains in the two cities, has fallen back to 75%, almost half of the intraday high of 36%.

At 2:20, the Shanghai Stock Index continued its upward attack from 2250 points, but as soon as it reached 39 points, it was suppressed by a steady stream of heavy selling from the two cities.

"What the hell, why is there such a huge selling pressure all of a sudden?"

Feeling that the upward trend of the Shanghai Stock Index is difficult, and all the major hot spots in the entire market are waning, at this moment, inside Yinghui Fund Company in Magic City, in the 'Yinghui No. 2' fund product trading room, fund manager Shao Xiaoyun, who just completed the increase plan in the morning His whole face became extremely ugly, and he couldn't help but cursed: "What the hell? I can't even take advantage of such a good opportunity. The funds for selling are simply crazy."

"Mr. Shao, the situation is not right!" Liu Changling, the trading team leader, also clearly discovered that something was wrong with the market at this time, and said hurriedly, "If this K line cannot go up, then the market shape at this moment will become a decline relay, and the market outlook will We are not optimistic, we are afraid that the timing to increase our position is not right..."

Shao Xiaoyun rolled his eyes at Liu Changling and thought to himself: "Nonsense, I can't see you?"

But at this point, he knew it was useless to yell, so he couldn't help but suppress his emotions and said: "Since you are wrong, you must change it."

"At the end of the day, will we reduce the same chip position that we added in the morning?" Liu Changling asked urgently.

This reduction is like being slapped in the face back and forth.

Shao Xiaoyun gritted his teeth and said sternly: "Reduction, just think of it as an anti-T. Since the trading plan is wrong, it must be corrected in time, otherwise if you don't reduce it at this time, the subsequent losses will be more serious. Anyway, I am a newbie in the industry." , unlike some guys who rely on their old skills and sell their old skills, they have psychological baggage when correcting their trading strategies."

Liu Changling knew who he was talking about and did not dare to speak. He nodded quickly and quickly issued instructions to the traders.

Then, following his instructions.

At this time, the market trading time has advanced to 2:33.

The Shanghai Stock Index has once again retreated to the 2250 point level. Beixin Road and Bridge are hovering underwater and can no longer get up. Kumho Group's growth continues to fall back to less than 2%. The growth of the real estate sector is still retreating. 'Infrastructure', ' "State-owned enterprise reform", "Internet finance", "Shanghai Free Trade Zone", "mobile Internet", "smartphone industry chain" and other hot topics and main concepts that have been reflected in the market are all in dispersion and retracement.

At the same time, hot money in the two cities dominates a number of popular concept stocks with larger weights.

It has become the area in the market where the selling pressure is heaviest and the diving is the most violent. Of course... this also shows that the active hot money in the market is leaving the market crazily.

"Hehe! Remember... you owe me a meal."

Seeing that the Shanghai Stock Index fell back to the intraday low again, at 2:35, inside Yuhang Investment Company, in the main fund trading room, Su Yu stared at the two markets with a smile, and said to Li Meng: "This diving arc is really beautiful. This time...the market is really not far from a staged bottom."

Li Meng smiled and responded: "I am willing to admit defeat. What do you want me to treat you to?"

"I haven't thought about it yet." Su Yu said with a smile, "I'll tell you after I think about it."

"Okay!" Li Meng nodded and changed the topic back, "You are actually quite happy when the market trend is so weak."

Su Yu chuckled and said: "In the financial trading market, it is normal to have ups and downs. There is no need to care so much about the temporary rise and fall. And I think... if it falls at this time, we should consolidate the bottom chip range. There is no harm in it. As the saying goes, the horizontal is as long as the vertical is as high. The Shanghai Stock Index is currently in the range of 2000 to 2500 points and has been fluctuating for several years. It’s time to look forward to something.”

"Are you so sure?" Li Meng asked.

Su Yu nodded and responded: "Confidence is an essential skill for a market trader."

"But I always feel that your so-called 'bull market' is still too far away." Li Meng said, "I always feel that the market will fall back to 2,000 points."

Su Yu smiled and said: "It's okay to feel this way. I hope that the vast majority of investors in the market feel the same way as you."

"Why?" Li Meng continued to ask.

Su Yu responded: "It's very simple. The car at the bottom cannot carry too many people. The market situation is hesitant and comes out step by step. If everyone has the same expectations, there is a high probability that the market will go in the opposite direction. This has happened in the past It has been verified countless times in the market history.”

"Okay!" Li Meng said with a smile, "Since you won, I can only choose to continue to believe in you."

Su Yu emphasized with a smile: "It's not that you believe in me, it's that you believe in the power of the market. Just watch...the real turning point of the market will come soon, and what we have to do is to make the real turning point in the market in the next time." Before the turning point arrives, a total of more than 30 billion funds from the three main funds will be injected into the market to obtain high-quality chips at the bottom."

After saying that, Su Yu's eyes were bright, and in a blink of an eye, he returned his gaze to the trading boards of the two markets.

During the brief exchange between the two, the market trading time had slipped to 2:45, and the Shanghai Stock Exchange Index broke through the 2245 point, retracing the day's increase to less than 5%.

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