Rebirth of the investment era

At 9:45, the A50 index's intraday increase retraced to around 75%.

At 9:46, the Shanghai Stock Index's intraday increase fell back to around 4%. At the same time, the two major weighted sector indexes of banking and insurance retreated to near the flat position, and the 'four major banks', as well as 'Huatong Bank', ' A number of component stocks such as China Commercial Bank and Shanghai Pudong Development Bank have suddenly turned green.

At 9:47, the small and medium-sized board and GEM indexes turned from red to green, showing a downward trend.

At 9:48, 'Blue Stone Heavy Equipment', a big monster stock that is highly concerned by the market investor group, plummeted on the market. Its stock price plummeted from an increase of nearly 7% during the day to an increase of 3% during the day. At the same time, the net inflow of main funds on the market began to change from a net inflow state to a net outflow state.

At 9:49, the stock price of Huake Dawn, a big monster stock, also plummeted.

At 9:50, in the Internet financial sector, a number of constituent stocks such as 'Great Wisdom', 'Flush', 'Oriental Fortune', 'Hengsheng Electronics', 'Huake Financial', etc. all fell back. Among them, the stock price of 'Flush' has jumped from an intraday increase of around 2% to green. At the same time, the capital flow on the market has also shown a net outflow.

At 9:51, in the securities sector, ‘Huaxin Securities’ turned green.

At 9:52, the 'National Defense and Military Industry' industry sector index also turned from red to green, from rising to falling.

At 9:53, the two cities only have projects in the main line of 'big infrastructure', such as 'building decoration', 'building materials', 'commercial real estate development', 'machinery and equipment', 'steel', 'public transportation', etc. The more core industry sector indexes still maintain a good red trend.

At 9:54, the main section of the concept theme of ‘New Era Road, Maritime Silk Road’ experienced huge fluctuations.

At 9:55, the stock price of Huagong International was also hit by a large number of active selling orders during the day, and the stock price showed a significant downward trend.

At 9:56, the stock price of Huaguo Construction was smashed, and the market turned from rising to falling.

At 9:57, the big monster stock "Blue Stone Heavy Equipment" has reached the green market status at an extremely fast speed. In a few minutes, it has lost 7% of its gains.

At 9:58, under the rapid correction of the three major weighted sectors of 'Securities', 'Banking' and 'Insurance', the Shanghai Stock Index fell back to the flat position.

At 9:59, the Shanghai Stock Index was forced to turn green, swallowing up all the gains since the opening.

At 10 o'clock in the morning, the number of red stocks in the two cities fell back to less than 1,000. There was a huge divergence in the entire market.

At 10:01, ‘Blue Stone Reload’ continued to fall to a 5% decline.

At 10:02, the intraday decline of the 'National Defense and Military Industry' industry sector index expanded to around 3%. At the same time, 'China Airlines Heavy Machinery', 'Aerospace Development', Hongdu Airlines' and many other leading military-industrial concept stocks also jumped into the water one after another, and the market showed a net outflow of main funds.

At 10:03, Yingkou Port, which had once closed its daily limit, exploded, and its capacity expanded rapidly.

At 10:04, ‘Huagong International’ turned green and went down.

At 10:05, the intraday decline of 'Founder Securities' expanded to 3%, and the entire securities sector index's decline expanded to about 5%. The main capital flow of the entire sector has now reached a net outflow of more than 700 million.

At 10:06, the stock price decline of 'Flush' and 'Oriental Fortune' expanded to close to 1%. Even 'Great Wisdom', a relatively strong stock among the Three Musketeers, also dropped from the highest to close to 5%. % increase, and fell back to near the flat price.

At 10:07, all core indexes in the two cities turned green and showed a decline.

At 10:08, the net outflow of main funds in the entire "big finance" main line field reached about 1.5 billion, and it continued to increase sharply.

At 10:09, ‘Blue Stone Reload’’s intraday decline expanded to 5%.

At 10:10, the market was relatively strong, and the "Huake Shuguang" that had been struggling to support was also affected by the "Blue Stone Reload" and successfully turned green and fell.

At 10:11, the Shanghai Stock Index's decline expanded to more than 7%.

At 10:12, the intraday declines of the Shenzhen Stock Exchange Index, ChiNext Index, and Small and Medium Enterprises Index expanded to 1%.

At 10:13, the stock price of Yingkou Port fell back to about 5%.

At 10:14, the intraday decline of ‘Huaxin Securities’ expanded to 5%, and the turnover exceeded the 3 billion mark. Compared with the previous trading days, it still showed a trend of heavy volume.

At 10:15, the day-to-day declines in the three major weighted industry sector indexes of banking, insurance, and securities have expanded to around 1%. At the same time, the day-to-day decline in the 'National Defense and Military Industry' industry sector index has reached 2%, and the 'Film and Television Media' industry sector index has fallen by almost 2%. It even fell to a drop of nearly 5%.

"Damn it, is the market going to collapse?"

Seeing that the market prices of the two markets were all correcting, and the major financial groups active in the market were all selling like crazy, at this moment, among the large group of retail investors gathered in the stock discussion area of ​​the trading platform, some people were shocked and couldn't help but sigh. .

"It shouldn't be serious. Looking at it again, I feel it's still mostly a shock."

"I agree. The external markets are all rising, and there are no negatives on or off the market. There are also a number of constituent stocks of major core main lines, and even the valuation of the entire market is not high at the moment. There is no bubble at all. Plus The expectations of a bull market are still increasing, and the investment confidence and sentiment of the entire market have completely returned to the bull market atmosphere. At this stage... the market simply does not have enough downward momentum and room for decline, so... I I feel that the current correction trend is probably a washout.”

"This continuation should be the downward correction trend yesterday."

"A shock and a washout, right? A collapse is impossible."

"It's obviously a matter of cleaning up profit taking and unwinding arbitrage. Once the changes in hands are reorganized and the selling pressure from profit taking and arbitrage is slightly reduced, the market will definitely continue to rise."

"Looking at the technical form, it is just a continuation of the correction on yesterday's 30-minute K-line chart. There is no need to panic at all."

"It's an obvious laundering trend. Again, in a bull market...all market correction trends are good opportunities to increase positions. At this time, it's just an opportunity to adjust positions to follow up on leading stocks and buy lows on leading stocks. , in the correction stage of the bull market, if you don’t dare to add positions to pursue, then you really don’t want to speculate in stocks.”

"I am also optimistic that the market is laundering and pulling back, but the main line of 'big finance', as well as 'big infrastructure', 'military industry' and other core main line fields, the main funds are flowing out!"

"If we don't create such a state of main capital outflow, can we wash away the floating chips?"

"Whether it is a short-term correction or not, or a washout, I only know that this is a bull market. No matter how far the market correction is, as long as the logic of the bull market is still there, it will hit a new high sooner or later. So... I don't understand some people at all. What are you afraid of? If you don’t chase in the bull market, do you have to wait until the bear market to chase and increase positions?”

"Hey, if you don't buy it now, you will regret it later when the market reverses and hits a new high."

"People who are afraid of any correction are not suitable for stock trading at all."

"Yes, to hold the bull stocks, you must have a big heart. Just like the previous violent corrections of the two big demon stocks, 'Blue Stone Heavy Equipment' and 'Huake Dawning', the sky and the floor oscillated back and forth. , In essence, as long as you buy it and take it, how can you not make money?"

"Those who sell at this time will definitely regret it."

"It is said that where there is disagreement, there will be market trends. Disagreement is the best selling point. I think now... it is definitely a very good buying point."

"I've already bought the 'flush' check at the bottom. If the main force has the ability, continue to kill. I'm at the limit position, and I've buried 20 lots of orders waiting to be picked up."

"Haha, I also bought the 'Blue Stone Heavy Equipment' check at the bottom. I don't believe that this check will fall to the limit today."

"I also took 10 lots of 'Xiangcai Securities'. I believe that the market in the securities sector is not over yet."

"I wrote the check for 'Yingkou Port' today. I hope you won't bury me."

"The index has plummeted, but there is no panic in the market. I think it may not take until the afternoon for the market trend to reverse."

"Really, several major indexes turned green across the board, and the entire market did not show any panic-focused selling."

"The intensity of major fund selling has been weakening."

"Hey, the Shanghai Stock Index seems to have stabilized within the 10 to 20% decline range?"

“‘Blue Stone Reload’ seems to have hit rock bottom.”

"Damn it, I feel like the market is about to reverse. I won't say any more. Hurry up and chase the position. I'll chase 10 hands of 'Blue Stone Reload' chips first."

Amid intense discussions among retail investors throughout the stock discussion forum.

Although the bullish sentiment on the entire network has weakened compared to the beginning of the market, the weakening is extremely limited, and investors are still firmly bullish on the market and believe that the market will continue to rise and break. There are still an endless stream of investor groups, and... they are going lower on the market. Among them, the group of retail investors who buy more as the market falls and increase their positions aggressively as the market falls are still much larger than the group of investors who gradually reduce their positions and take profits when the market trend corrects and falls.

And under this kind of emotional interpretation that has no panic and is still dominated by bullish emotions.

As market hours progress…

After 10:30.

When the Shanghai Composite Index reached its lowest intraday drop of 24%, as the volume of profit-making and unwinding orders from concentrated selling weakened, the power of the bulls immediately began to suppress the selling power of the market again, forming a new trend in the market market. Dominated, driving the Shanghai Stock Index to rebound.

At 10:31, the Shanghai Stock Index flashed back from a 24% decline to a 1% decline.

At the same time, 'Blue Stone Heavy Equipment', a core concept leading stock that is highly concerned by the entire market investor group, has seen its market decline narrow in a flash, from a low of nearly 4% to a daily decline of 55%. is close to the decline position, and the active buying volume on the market can also gradually expand as the stock price rebounds.

At 10:32, the Shanghai Stock Index's intraday decline narrowed to less than 1%.

At 10:33, 'Huaxin Securities, Huaguo Construction, Flush, Oriental Fortune, Founder Securities, Chinese Commercial Bank, Huanong Bank, Huaguo Bank, China Commercial Bank, Huagong International, China MCC, China Pacific Insurance, China Airlines Shenyang Aircraft, Huaguo Heavy Industry, Aviation Power...' and other heavily weighted popular stocks in the main fields of 'big finance', 'big infrastructure', and 'military industry' have all seen rapid rebounds in the market.

At 10:34, ‘Yingkou Port’ was attacked by a huge amount of active buying orders and received over 100,000 consecutive large buying orders, once again pushing its stock price to the daily limit in a flash.

At 10:35, the stock price of Yingkou Port hit the daily limit.

At 10:36, the stock price of 'Yingkou Port' hit its daily limit. At the same time, its associated 'New Era Road, Maritime Silk Road', 'Port Industry', 'Northeast Revitalization', 'Eurasian Economic Belt', 'China A number of conceptual sectors such as the Japan-Korea Free Trade Area have been driven by it and have rebounded rapidly.

At 10:37, after Yingkou Port returned to its daily limit, MCC, an infrastructure-heavy stock with a market value of tens of billions, also experienced a rapid upward trend. Not only did its stock price instantly rise from underwater to red, And it rose directly to an increase of more than 5% in one go, setting a new intraday high.

At 10:38, driven by the rapid rise in the check of 'Huaguo MCC', 'Huagong International', an infrastructure heavyweight stock that is also highly concerned by the majority of investors in the market, as well as 'New Era Road, Maritime Silk Road' ' and 'Reform and Reorganization of Central and State-owned Enterprises' concepts. The leading stocks in the main theme areas have also seen continuous large buying orders of tens of thousands of hands, and their stock prices have risen linearly.

At 10:39, the stock price of Huagong International rose from underwater.

At 10:40, the two major industry sector indexes of 'Building Decoration' and 'Building Materials', to which the two heavyweight stocks of 'Huaguo MCC' and 'Huagong International' belong, were also driven by these two heavyweight stocks, and Under the rebound trend of stocks in other sectors, stocks rose red and continued to lead the gains in the two cities' industry sectors.

At 10:41, 'Blue Stone Heavy Equipment' turned red, recovering all the losses in the market. At the same time, the check of 'Huake Dawn' surged rapidly, and the stock price soared to 3% in one minute. The rising position of the market leader has not diminished at all.

At 10:42, the three Internet Musketeers of Flush, Great Wisdom, and Oriental Fortune also rose simultaneously.

At 10:43, the stock price of "Flush" turned red and quickly rebounded from underwater to increase by more than 5%.

At 10:44, ‘Huaxin Securities’ surged, and its intraday trading volume reached 4.2 billion.

At 10:45, in addition to the two major industry sectors of 'building materials and building decoration', 'machinery and equipment', 'commercial real estate development', 'steel', 'public transportation', 'non-public transportation', and 'securities' Sectors have all turned red, and the decline in the sector indexes of the 'National Defense and Military Industry' industry sector and the 'Film and Television Media' industry sector has quickly shrunk to a decline of less than 1% at this time.

At 10:46, the "Internet Finance" sector also achieved another red rise after the severe earthquake.

At 10:47, the stock price of Huake Dawn increased by more than 5% during the day.

At 10:48, seeing the overall recovery in the sentiment and trend of the two cities, the main funds leading the stock "Shanghai Sanmao" began to pull the market in a straight line, and took "Shanghai Sanmao" as the fulcrum to drive the "Shanghai Stock Exchange" Free Trade Zone's entire conceptual theme sector continues to rise.

At 10:49, "Shanghai Sanmao" hit the daily limit.

At 10:50, the stock price of "Shanghai Sanmao" sealed the daily limit, once again achieved a continuous trend, and continued to lead the rise of the entire "Shanghai Free Trade Zone" concept theme.

At 10:51, the ‘Shanghai Free Trade Zone’ concept sector index turned red and rose.

At 10:52, the two major weighted industry sectors, banking and insurance, saw their intraday decline shrink to less than 4%, and they also showed signs of rising.

At 10:53, the Shanghai Stock Index's intraday increase expanded to more than 25%.

At the same time, the A50 Index followed the rise of the Shanghai Index and also expanded the intraday increase to about 25%. The Shenzhen Stock Exchange Index, ChiNext Index, and Small and Medium Enterprises Index also reversed the market trend and successfully turned red at this time.

"Sure enough...it's really a wash!"

Around 10:55, inside Yanjing Yihe Capital Company, in the main fund trading room.

Fund manager Chen Yihe, who was almost scared into a cold sweat, stared at the market of the two markets, and finally took a long breath and said: "This shock came really quickly, but only such a rapid shock can effectively clean up the market at this moment." The profits and arbitrage accumulated in the market have been settled." (End of this chapter)