Rebirth of the investment era

Finally, when 3 o'clock in the afternoon came, the two markets ushered in the closing time.

The Shanghai Index was set at a 33% decline position, falling directly to 3700 points, approaching 3600 points. The declines of the Shenzhen Stock Exchange and ChiNext Index, although slightly smaller than the Shanghai Index, also reached 4%. As for the 'big financial', The A50 index, which has the strongest correlation with the main line of 'big infrastructure', finally closed at a 45% decline, completely breaking the position in terms of the K-line trend pattern.

In addition to the performance of major indexes in the two cities.

There are a number of core and popular main lines in the market, as well as corresponding industry sectors, concept sectors, as well as the performance of a number of popular stocks and weighted stocks.

There are only three main lines of ‘big finance’, ‘big infrastructure’ and ‘military industry’.

Today, under the negative influence of the "Yu Hang Series" large-scale reduction of positions and profit taking, stocks fell sharply across the board.

Among them, in the main line of 'big finance', the securities sector plunged 75% to close, the two major weighted industry sector indexes of banking and insurance plummeted 11% and 23%, and the Internet finance sector index also plummeted 83%. Many concept stocks within the sector , a large number of stocks fell to the limit.

In the main line of 'big infrastructure', the indexes of the two core sectors of 'building decoration' and 'building materials' fell by more than 5%, and the remaining 'commercial real estate development, steel, machinery and equipment, public transportation, non-public transportation, port shipping... ...' and other related industry sector indexes mostly closed at a decline of between 5% and 5%.

The market performance of the entire 'Big Finance' main line is slightly better than that of the 'Big Finance' main line, but it is also very limited.

As for the performance of the ‘defence and military industry’ industry sector.

This industry sector index's closing decline reached 86%, leading the decline in the industry sector indexes of the two cities.

And within the entire sector, there are many component stocks.

A total of 8 stocks hit their daily limit at the close, and the market performance was extremely tragic.

Similarly, although the market performance of the 'sub-new stocks' sector and the 'film and television media' sector was relatively better than the popular main lines of 'big finance', 'big infrastructure' and 'military industry', the performance was very limited and they all closed. It fell 05%, and within the sector, there was a trend of falling to the limit.

On the contrary, in the main areas such as 'big consumption', 'non-ferrous cycle', 'medicine', 'mobile Internet', and 'smartphone industry chain', although in the end these main-line related industry sectors still failed to maintain the red plate, the overall performance , but it is obviously stronger than the Shanghai Composite Index and the performance of major market indexes.

Especially the two major sectors of automobiles and white goods in the "big consumption" field.

Despite the general plunge in the entire market, the sector indexes of these two major sectors only fell slightly by 42% and 39%, showing a trend of leading the rise in the industry sectors and concept sectors in the two cities.

As for the popular stocks that have received higher attention from investors in the two cities and are more discussed.

‘Huake Dawn’ and ‘Bluestone Heavy Equipment’ fell to the limit.

‘Western Securities’, ‘Flush’, ‘Great Wisdom’, ‘Hua Ke Financial’, ‘Yingkou Port’, ‘Shanghai Steel Union’… most of the popular stocks closed at the limit.

Judging from the performance of popular stocks in the two cities...

The tragic situation in today's market can be fully reflected.

Among the top 20 stocks in the two cities, 16 stocks closed at the limit today.

Faced with such tragic closing results in the two cities, the majority of investors in the two cities were very disappointed.

In fact, many investors, when the 'Yu Hang Group' swept the two cities' dragon and tiger lists yesterday and sold seats, they had already thought that today's market trend would not be very good, and there would be a high probability of violent fluctuations, or a sharp correction. But no one expected this kind of comprehensive plunge.

No one thought that the market trend of the three core main lines of 'big finance', 'big infrastructure' and 'military industry' would be so greatly affected by the large-scale reduction of positions of the main funds of the 'Yu Hang Group'. You must know that the central bank only The positive impact of the recent interest rate and reserve requirement ratio cuts has not yet passed, and the core line of 'big finance' has directly benefited from the central bank's interest rate and reserve requirement ratio cuts.

"Oh, it's really plummeting today. The three stocks I hold have all dropped to the limit."

After the two markets closed, a large number of retail investors gathered in major stock investment exchange forums, communities, and post bars across the Internet felt helpless due to the huge money loss effect.

"The stocks I hold have also dropped by the limit today, which is really tragic."

"The last time such a tragic market trend occurred was on the 10th of last month. Alas...does this happen every month?"

"Today is even worse than the 10th of last month!"

"Why do I feel so good? I made money on the stocks I held today."

"In fact, today's market, although it is said to have closed sharply, the main ones that fell miserably were the stock areas where the main fund of the 'Yu Hang Series' that was previously managed by President Su had heavy positions. Others such as 'Big Consumption', 'Non-ferrous Cycle' ', 'Mobile Internet', and 'Smartphone Industry Chain' stocks have basically not fallen much."

"Well, the entire concept stock sector held by the Yuhang Group is almost at its limit today."

"Well, the main reason is that other major funds in the market are afraid that Mr. Su will continue to sell the market, so they follow the trend and sell regardless of the cost. As a result, the market directly crashes."

"The benefits of the central bank's interest rate cuts and reserve requirement ratio cuts have come out, but the market has been experiencing tragic trends for two days in a row. It's really outrageous."

"It feels like I'm being cut off!"

"I rushed in this morning after the central bank cut interest rates and required reserve requirements yesterday. Alas... I hit the limit twice in a row. I'm really going to die!"

"By the way, why does the 'Yuhang Department' headed by President Su want to reduce its holdings on a large scale at this position?"

"There is no doubt that every time Mr. Su appears on the Dragon and Tiger list and reduces his holdings on a large scale, the market has reached its top in the short to medium term."

"With today's decline in the Shanghai Stock Exchange Index, it feels like it has already broken through, right?"

"The level should not be broken yet, but in the short term, it will be difficult to return to above 3,800 points."

"At this time, don't think about 3,800 points. During this wave of the Shanghai Stock Exchange Index, it feels like it will be good to stand firm at 3,500 points. The main fund of the 'Yu Hang Series' managed by Mr. Su has a position size of more than 200 billion. Once this happens If the large-scale selling continues...it feels like the Shanghai Stock Index cannot hold up to 3,500 points."

"This is a bull market. Mr. Su's 'Yu Hang Series' main fund shouldn't be liquidating its holdings, right?"

"I don't think so either. It's probably a position adjustment."

"Yes, I think there is a high probability that Mr. Su is adjusting his positions. Looking at today's market, 'big finance', 'big infrastructure', 'military industry', and 'film and television media', which were the core main lines of Mr. Su's large-scale positions in the past, are stagnant at low levels. The main lines of "big consumption", "ferrous cycle", "mobile Internet" and "smartphone industry chain" have obviously different trends. It is very likely that Mr. Su is selling out the chips on the high main line in the early stage and increasing the chips on the low main line. "

"Today's market does have signs of 'high-low switching'."

"It shouldn't be that simple, right? If the main funds of the 'Yu Hang Series' managed by President Su are adjusting positions, there is no need to sell in such a hurry!"

"It makes sense. Such a large-scale eager selling is definitely abnormal."

"Anyway, since the trading seats related to the 'Yu Hang Series' fund products managed by Mr. Su have appeared on a large scale in the selling seats on the dragon and tiger lists of the two cities, let's reduce our positions first and see the real trend of the market. , it’s always right.”

"Yes, I think so too. There is absolutely nothing wrong with reducing positions first to avoid the risk of a market correction and decline."

"Anyway, I am determined to follow Mr. Su's operation. If Mr. Su increases his position, then I will increase his position. If Mr. Su reduces his position on a large scale, then I will reduce his position on a large scale."

"The specific situation of the 'Yuhang Department' under the leadership of President Su will be known later on the Dragon and Tiger List."

"With the market going like this today, there is a high probability that the 'Yuhang Department' headed by President Su is still selling off on a large scale, right?"

"It is difficult to say that today's comprehensive collapse of the three core main lines of 'big finance', 'big infrastructure' and 'military industry' is caused by many reasons."

"I think that actually the collapse of the core main lines of 'big finance', 'big infrastructure' and 'military industry' has nothing to do with the reduction of positions of the main funds of the 'Yu Hang Group' managed by President Su. It mainly depends on these few For the main line, too many profit orders have been accumulated in the early stage. If these profit orders are not cleared, it will be difficult for the two markets to move forward under the suppression of huge profit orders."

"Yes, there is a high probability that the market will correct in the first place. Mr. Su just accelerated the pace and trend."

"Well, I blame myself for not knowing enough about the market. I didn't expect that the central bank's interest rate cut and reserve requirement ratio cut would be such a big plus, but they would turn out to be a bad thing after they were implemented."

"Learn a lesson and be careful next time this happens."

"Next time, no matter whether it is good or bad, as long as the market expectations have been fully met, you must leave the market before the news comes to light."

"Is this what is called stock speculation and speculation?"

"That's pretty much it."

"Actually, it can't be that much. The impact of good news and bad news on the market also depends on whether the market is at a high or low level before the news comes out."

"Now, is the market considered high or low?"

“Personally, I think that if we take the short and medium term as the criterion, then the current market position is definitely at a relatively high level, so there will be a situation where all the good things turn out to be bad. But if we take the long term as the measure, then I think the current market position is definitely at a relatively high level. The market is still in a bull market, and the overall bull market logic of the market has not declined, but is getting stronger and stronger. After all, infrastructure, finance, military industry, mobile Internet, smartphone industry chain...these main-line related industries, Fundamentals are indeed changing rapidly."

“Agree, I’m bullish in the long term and bearish in the short to medium term.”

"Since we are bullish in the long term, there is no need to rush to sell, right? After all, if we are bullish in the long term, the falling stock price will rise back sooner or later!"

"You can't say that, time costs are also costs!"

"Yes, we can avoid the downward correction, why can't we avoid it?"

"In general, it is more reliable to follow Mr. Su's operation. Anyway, before Mr. Su's myth is shattered, it is definitely the safest to follow Mr. Su's operation."

"The market trend has begun to reverse. Anyway, I don't believe that the index can stabilize at this position."

"There is no doubt that regardless of whether Mr. Su is smashing the market today or not, as long as the main financial groups in the market, gathered in the core main fields of 'big finance', 'big infrastructure' and 'military industry', are still frantically worried about Mr. Su. If the huge chips continue to smash the market, then these main financial groups will definitely smash the market and run away in advance, and comprehensively reduce their positions and stop profits.”

"It feels like this is a prisoner's dilemma!"

"If you enter Big A's trading market, then the prisoner's dilemma is doomed."

"Oh, it's a pity that the shareholding fell to the limit early today, otherwise... I would definitely clear the position and sell it. I really don't understand you. Mr. Su is on the dragon and tiger list. He clearly reminded everyone that he sold it. I didn't expect that everyone is still there. Hesitation, you must know that according to Mr. Su's past trading history, usually after Mr. Su buys, the stock price continues to rise, but after Mr. Su sells chips on a large scale, the market falls without exception. "

"Yes, if you ask me, Mr. Su's trading seats appeared on a large scale in the selling seats of the two cities' dragon and tiger lists at the critical moment. Everyone should be grateful to Mr. Su, otherwise... the main funds of all parties would There will definitely be more people harvesting. As for now... Mr. Su clearly reminds everyone to sell. Our retail funds are easy to turn around, but have become the funds that can change strategies and escape first. To put it bluntly... Mr. Su is trying to trick those big financial groups who have taken over high-level positions."

"Damn, that seems to make sense!"

"Oh, I will continue to reduce my position tomorrow. If the Shanghai stock index is less than 3,500 points, I will no longer buy back the chips."

Amidst the intense discussions among retail investors across the Internet, the market sentiment gradually turned to divergence and pessimism after the market closed.

The time unknowingly slipped to around 5:30 pm.

I saw that the financing balances of the two cities and the dragon and tiger ranking data of the two cities were released at the same time.

According to the data disclosed by the market, it can be seen that the financing balance of the two cities has not only not decreased, but also continued to increase by more than 3 billion despite the sharp market decline today.

As for the disclosed data on the dragon and tiger rankings of the two cities...

The trading seats related to the main funds of the 'Yu Hang Series' that were sold on a large scale yesterday were invisible again today and did not appear on the buying or selling seats of any stock.

On today's Dragon and Tiger list, institutions are the main sellers.

Major institutions have sold heavily on a number of core mainline stocks such as 'big infrastructure', 'big finance', 'military industry', and 'film and television media' on the list. In the data of the Dragon and Tiger List of the two cities, the total number of major institutions The net sales amount is even more exaggerated than the sales amount of the main funds of the 'Yu Hang Series' yesterday, reaching about 3.7 billion.

Of course, in addition to the large-scale reduction of positions by institutional groups.

The main hot money players in the market have been fiercely chasing the short-term market trends and relaying on popular concept stocks and leading stocks.

Today, the dragon and tiger lists in the two cities also showed a trend of substantial net sales. The total net sales amount reached a relatively rare 700 million.

That is, if net selling by institutions is included.

Today, there are more than 50 stocks in the dragon and tiger lists of the two cities, with a total net outflow of about 700 million.

This data, compared with the past capital trading volume and performance data of the two cities' Dragon and Tiger Lists, can be said to have set a new history. (End of chapter)