Rebirth of the investment era

Immediately afterwards, at 10:38, the Shanghai Stock Index fell back to the 2210 point mark, and the decline once again expanded to around 5%. At the same time, various bottom-hunting funds on and off the market attacked the relatively complicated 'infrastructure', 'state-owned enterprise reform', 'military industry', and ' Internet finance', 'mobile Internet', and 'smartphone industry chain', a number of core popular stocks in the main line areas, have also shown signs of insufficient capacity to undertake, and market selling has once again suppressed buying.

At 10:42, the Shanghai Stock Index fell further to around 2205 points, and the decline further expanded.

At 10:46, the stock "Shanghai Sanmao", which originally opened the lower limit fifteen minutes ago and rebounded rapidly, closed the lower limit again after struggling, and continued to invest a batch of speculative funds to hunt for the bottom.

At 10:48, after a sudden drop of nearly 5 points from the intraday low more than ten minutes ago, Changqu Technology, which once turned red, dived straight back into the green again, and the intraday decline once again expanded to Around 2%, a batch of funds that followed the trend and were taken in at the high intraday level were also buried.

At 10:53, the Shanghai Stock Index once again hit the 2,200-point mark.

At 10:57, the Shanghai Stock Index continued to fall, once again breaking through the 2200 point mark, returning to near the opening point, losing this important support position.

At 10:59, the Shanghai Stock Index rebounded again, but the intensity was very limited.

By 11:05, the Shanghai Stock Index began to fluctuate around the 2195 point to 2205 point range, and the overall market situation was extremely fragmented. Active capital groups in the market were attacking everywhere, with a renewed influx of "consumption", "medicine", and "finance". ' and other defensive sectors; some continue to bargain-hunt for core themes such as 'infrastructure' and 'state-owned enterprise reform', while others are trying to switch styles to stimulate the growth of 'mobile Internet', 'smartphone industry chain' and other small and medium-sized board and GEM directions' The main line of stocks is an attempt to continue to leverage the investment sentiment of the investor group towards the market's entire small and medium-cap concept stocks.

But no matter from which direction these funds flow in and attack.

At this moment, everyone was unable to form a unified force, which instead caused the investment sentiment and investment confidence in the two cities to fall further.

At the same time, the market of major popular concept stocks was once again suppressed by huge selling.

"Damn it...this trend is simply poisonous, isn't it?"

At 11:06 in Shanghai, inside Yinghui Fund Company, in the 'Yinghui No. 2' fund product trading room, fund manager Shao Xiaoyun, who had just made a full-scale bargain hunting move an hour ago, saw the situation in the two markets and turned to weakness again. , I couldn't help but feel angry: "This can't win the market, it can't stand 2200 points, it's really rubbish, are all the main funds in the whole market eating shit? Such an obvious counterattack opportunity, I don't know why it's still there hesitate?"

As the saying goes, one can make great progress, then it will weaken, and three times it will be exhausted.

In a weak market, after the panic selling is cleared for a short period of time, the opportunity for counterattack is already in an instant. At the same time, only by quickly launching a strong rebound trend and quickly increasing the market's money-making effect can the market investment sentiment and investment confidence be quickly reversed, thus Quickly curb other potential hesitant selling in the market, and finally quickly recover lost ground, truly enabling the market to complete the trend change in the long-short direction and form a substantial bottoming out reversal trend.

Based on the panic sell-off at the beginning of the market, the index quickly recovered its lost ground in the previous wave, with the intention of a rapid upward attack.

Shao Xiaoyun thought that the main funds in the market had reached an agreement on investment expectations and investment directions, so that the index could form a substantial bottoming out and reversal trend here, but he did not expect... After the index regained its footing at 2,200 points, The attack paths of various main funds turned out to be disorganized and inconsistent, which ultimately caused the index to fall back again at the most critical moment, re-inducing a large number of previously hesitant selling chips in the market.

"Hey..." Hearing Shao Xiaoyun's angry complaints, the trading team leader Liu Changling couldn't help but sigh and said, "There are huge differences in the market regarding the specific direction of the market's main line breakthrough, thus distracting the importance of the market. As a result, the market has never been able to form a core market hotspot due to the power of undertaking.”

"Without the support of core market hot spots..."

"The market will not be able to create sustained money-making effects and room for growth, let alone improve market risk appetite and investment sentiment."

"What's more, at this moment, the majority of investors in the market are still hesitant and waiting. The active funds in the market are very limited. After obvious differences in the main direction of attack, such an active fund volume will naturally be unable to truly It opens up market space.”

"So, although it is very helpless, it is unexpected and reasonable that the index has fallen again at a critical position."

"The key point is this... the Shanghai Stock Index can't hold on at 2200 points!" Shao Xiaoyun took over and said, "In a weak market, it can't be held back, and it cannot stand firmly at 2200 points. As the trading time goes by, the market The group of investors who had previously hesitated to hold positions will all come forward again, and at that time, selling orders will be completely suppressed by buying orders, causing the market to return to the extremely weak situation it experienced in the early trading."

"And what's even more terrifying is..."

Shao Xiaoyun paused and continued: "Once the market turns into an extremely weak situation again, due to the rapid rebound in the early trading stage, the funds that bought the bottom will not be able to make a profit at all, and the market will not have the proper profit-making effect. Then Subsequent funding will appear to be more hesitant when it is accepted.”

"In other words, the selling will become heavier and heavier, while the active buying force will become weaker and weaker."

"Damn, what a perfect counterattack opportunity, it was just wasted."

"This group of so-called major financial institutions in China, as well as those who claim to be top hot money guys, really don't know how to speculate in stocks. They know how to form a group and follow the trend one by one."

Liu Changling responded: "Mr. Shao is right, I always feel that the biggest reason is that the market funds cannot form a synergy in the direction selection, which leads to the situation of bottoming out and counterattacking, and it has become what it is now. In fact, It is hard to say which main line to choose as the main direction of the market to best stimulate the follow-up effect of the broad investor group in the market and truly open up the market to make money and reverse the trend.”

"Obviously, in the direction of small and medium-sized stocks and GEM, the line of 'growth stocks' is obviously dynamic, right?" Shao Xiaoyun had no doubts about this and said, "In fact, there are only a few concepts of small and medium-sized stocks. Only when stocks are alive will the market's hype mood rise, and the market's investment risk appetite will rise again."

An hour ago, this was the direction he chose to buy at the bottom and increase his position.

Therefore, he is still confident about this.

"Looking at the choices of the main funds in the market, the two previous core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', should also be recognized by many main funds." Liu Changling said, "And the market is in the direction of breakthroughs. The biggest differences are the two main lines of 'infrastructure' and 'state-owned enterprise reform' which focus on the main board mid- and large-cap stocks, and the two main lines of 'mobile Internet' and 'smartphone industry chain' which focus on the small and medium-sized board and GEM. In other words, the biggest difference in the market is whether the main board should be given priority, or the small and medium-sized boards and GEM should be given priority."

"I think……"

Liu Changling thought for a while and continued: "Without the convergence of these two major differences, it is still quite difficult for the market to make a substantial breakthrough, truly stand at 2200 points, and achieve a reversal of the long-short trend. "

"What you mean is that at this current position, the market has not really bottomed out, right?" Shao Xiaoyun heard Liu Changling's analysis and finally understood what he meant, "In other words, this is not the same as the bottom in the market. The golden needle is actually a fake golden needle?"

Liu Changling responded: "Judging from the actual trend of the market, that's the case."

Although he also hopes that the market will bottom out at this position and not return to the large box shock range of 2000 points to 2200 points, but hope is still hope. As a qualified trader, the final landing point , you still have to respect the actual market trends and make predictions and judgments, and you can't make assumptions, let alone fantasies.

According to the current actual trend of the market, all major funds cannot form a synergistic force on the market.

At the same time, the market has no core hot spots with strong consensus expectations. According to his analysis, there is no sign that the market has truly bottomed out.

"So, your suggestion is..." Shao Xiaoyun continued to ask.

Liu Changling pondered for a while and responded: "My idea is that we have to wait patiently for a while. At this position, we cannot rush to follow up by adding positions. Fortunately, during the early trading, the chips we increased our positions are not too many. At this time If you stop, the loss won’t be too big.”

"It's frustrating!" Shao Xiaoyun said bitterly.

But in the end, he carefully reviewed Liu Changling's opinions, agreed with him, and stopped the original trading strategy of increasing positions and buying.

At the same time, inside Yinghui Fund Company, on the other side was the 'Yinghui No. 1' fund product trading room.

However, fund manager Liu Guanhai is still instructing traders in the trading room to buy quickly and make every effort to increase their positions in the "growth stocks" line of small and medium-sized enterprises and GEM.

In his opinion……

After the index opened low in early trading and directly broke through 2200 points, it was able to pull back strongly in the extreme panic situation, which is a symbol of bottoming out. At the same time, the index rebounded strongly and pulled up to the point where it was about to turn red, and then pulled back again. It fell to 2200 points and consolidated in the first line, which further illustrates the stability of the 2200 point support level.

Of course, there are differences among the main funds in the market in the major areas of 'infrastructure', 'state-owned enterprise reform', 'mobile Internet' and 'smartphone industry chain', and he has also noticed this.

It's just that he believes that this disagreement is entirely short-lived.

As long as the Shanghai Stock Index stabilizes at the 2200-point line, and the broad investor group both inside and outside the market are aware of the solid supporting role of this position, and realize that the Shanghai Stock Index has a high probability of bottoming out at this position, then the market sentiment in the afternoon will definitely improve. It has picked up again, thus driving bargain-hunting funds to further gather in the direction of the market's hot main line.

Among several main lines, he is more inclined and focused on the two main lines of 'mobile Internet' and 'smartphone industry chain'.

It is also because these two core main lines have already shown a leading trend in the market performance before the Dragon Boat Festival. At the same time, comparing the two core main lines of 'infrastructure' and 'state-owned enterprise reform' that were obviously over-hyped in the early stage, The two lines of 'mobile Internet' and 'smartphone industry chain' need to be more complete and thorough, whether it is adjusting space or adjusting time.

corresponding……

Since the adjustment of time and space is more thorough, the pressure on the market on the way up will naturally be much lighter.

Therefore, he believes that as long as the main funds of all parties in the market are not stupid, in these four main lines and two major directions, they will inevitably choose the two major directions of 'mobile Internet' and 'smartphone industry chain'. Moreover, he also It is believed that when the market's incremental funds and active funds are very limited, these "growth stock" concept stocks with relatively small circulation, mainly in these two main areas, are obviously more susceptible to speculation and emotion.

"Mr. Liu, something feels wrong!"

While continuing to increase positions, Yu Lei, the product trading team leader of the 'Yinghui No. 1' fund product, frowned slightly and said: "In the entire market, the selling pressure on the market has obviously increased again, and the market has previously been actively active. Funds also seem to be shrinking significantly.”

"Continue like this……"

Yu Lei paused for a moment, and then continued: "I'm afraid the index is at the 2200 level, and I can't stop it!"

"Let me see..." Amidst Yu Lei's worried report, Liu Guanhai's sharp eyes stared back at the trading interfaces of the two cities again, and then observed it for a full minute before replying, "Compared with before, the buying volume can It has indeed weakened, but this is also normal. After all, the trading characteristics of the vast majority of the market's investor groups are to buy up and not down. At this moment, the index is pulling back from the intraday high and shrinking simultaneously, and there is nothing wrong with it."

"On the contrary, the increase in volume when it rises, and the decrease in volume when it falls, doesn't it mean that the index has bottomed out at this position?"

"Don't worry too much..."

Liu Guanhai patted Yu Lei's shoulder lightly and continued: "This 'golden needle bottom' in today's morning session is still of considerable quality, and throughout the morning session, there were quite a lot of main funds and chassis copycats who took the initiative to intervene. Even if we can’t launch a full-scale counterattack today and achieve a big rise, there is a high probability that the extreme panic selling in early trading will not happen again.”

"Hey, I hope so!" Seeing that Liu Guanhai didn't take it seriously and still insisted on the trading strategy of buying the bottom, Yu Lei sighed helplessly and continued to execute the relevant trading instructions.

And as the relevant trading instructions continue to be executed...

At this time, the market trading time has reached 11:20, entering the last ten minutes of trading before the lunch break.

I saw that the time had just entered 11:21.

The Shanghai Stock Index, which had been sideways for almost 20 minutes from 2295 to 2205, suddenly began to slide downward rapidly under the renewed selling pressure of the entire market.

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