But by the end of the afternoon, the mood of the three of them had undergone a radical shift. Because the stock slipped from the morning limit to an increase of only 2.99%, Zhang Shaohui's mood appeared very low, while Wang Minghui and Wang Haoqiang's shares continued to expand at the close, and their emotions gradually rose.

Wang Minghui carefully compared the rise of the stocks held by these people in the room on the computer screen, and then said to Li Xin: "Liugong Machinery's leading stock is indispensable today, before 10:30, the market and other stocks are very sluggish, but after 10:30, the rise of Liugong Machinery has driven the market and other stocks to continue to rise, and it is really a leading stock." ”

Li Xin said with some regret: "But when it came to closing, Jingxi Coal Industry, which had not risen much yesterday and this morning, rushed to the price limit, while Liugong Machinery fell from the price limit, with an increase of less than 3%, which is really unexpected." ”

Wang Minghui said: "I also think it's a little strange, this stock should be sealed on the price limit today, why did it fall again?"

Li Xin said: "It may be because the short-term increase is too large, and the previous hedging disk is too heavy, so it will rise and fall today." ”

Wang Minghui reminded: "Could it be that the hot spot has begun to change? Liugong Machinery has been on the rise for 4 days, and the cumulative increase has exceeded 40%. Today's surge and pullback may indicate that the leading stocks have begun to switch. Because in addition to the stock of Liugong Machinery, the stocks of the construction machinery sector are showing a trend of rising and falling today. In addition, there is also the leading stock of the cement sector you mentioned yesterday, Bay Cement, which is also rising and falling today. At the close of trading at 11:30 a.m., it was up 5.41%, but it continued to fall after the afternoon open, and by the close of trading at 15:00, the increase narrowed to only 0.57%. Linked to these circumstances, it seems to indicate that the stock heat of the construction machinery sector and the building materials sector has begun to decrease. ”

Li Xin thought for a while and said: "What you said is also reasonable, Jingxi Coal Industry suddenly rushed to the price limit board today is also a kind of abnormal movement, the coal sector is rising sharply as a whole today, compared with these sections, Liugong Machinery's trend today is indeed a little unusual." ”

Wang Minghui said: "Li Xin, you are here and right, Liugong Machinery's price limit has just ended, and Jingxi Coal Industry's price limit seems to have started again." ”

Li Xin said: "It's okay, anyway, I am optimistic about these two stocks for a long time." ”

Wang Minghui said: "If the hot spot really begins to change, and the conversion is successful, other sectors can replace the construction machinery sector to lead the market to continue to rise, then the overall trend is really worth looking forward to." ”

Li Xin said: "I said that the good news will definitely lead the market to continue to rise, but you still don't believe it." When the broader market index opened lower this morning, everyone was still worried about whether the index would fall below the support of the 20-day moving average. But now the trend of the broad market index is to continue to rise, away from the 20-day moving average, and also hit a new high in this wave of rise. Looking back now, yesterday and today's lows of the broad market index stepping back near the 20 moving average should not be the beginning of the decline, but just a bull turning back, which is a good thing that is difficult to buy. ”

Wang Haoqiang asked with interest: "What is Niu Huihui?"

Li Xin said: "There is a saying in the stock market that it is difficult to buy a bull and turn back, which means that the market has just started to start, and when there is a certain increase, it will step back on the previous support position, just like yesterday and today's low point of the market index in the 20 moving average. This is generally the prelude to a sustained rise and is the best time to buy. Because the early rise at this time has laid the foundation for the future upward trend, and the retracement avoids the risk of short-term stock price correction, which allows you to intervene in a relatively low position, so it is difficult to buy a bull to turn back. And judging from the current point, the broad market index continues to rise a little more, and the bull market is basically established. ”

Zhang Shaohui asked: "Why do you say that if the index rises a little more, the bull market will basically be established?"

"There's a 20 percent gold standard here," Li said. ”

"What does 20% gold mean?"

Li Xin explained: "This 20% gold standard is calculated from the peak of the bull market, if the correction is more than 20%, then the bull market is over and the bear market begins." The reverse is also true, if the rise exceeds 20% from the low point of the bear market, then the market has entered a technical bull market, that is, the bull market is established. So far, the lowest point of this round of bear market has fallen at 1664 points, and from 1664 points, if it rises by 20%, then it is 1996 points. This 1996 point is the bull-bear dividing line. The broad market index is still in a bear market below this point, but if it rises above this point, it will enter a bull market. Today's closing point of the broad market index is 1927 points, which is less than 70 points away from this key point. As we said just now, yesterday and today's market lows back to the 20 moving average is just a bull turnaround, and it will continue to rise after stepping back. In the current situation, it is very likely that the broad market index will break through 1996 points in the next few trading days. Once the broad market index stands above 1996 points, then everyone's thinking should be reversed, and the problem should be considered with a bull market thinking. ”

Zhang Shaohui listened to Li Xin's words, and there was a glimmer of hope in his heart: "If the bull market really comes, there should be a lot of room for the stock to rise?"

Li Xin said: "Of course, it is a historical low, and holding shares to rise is the most correct thing." In fact, in the process of Liugong Machinery's stock price gradually declining after the afternoon opening, when Zhang Shaohui was frightened and kept asking himself what to do, Li Xin was very helpless about his fear of wolves and tigers. At that time, he wanted to say a few words about Zhang Shaohui, but the words were all on his lips, and he felt that these words were inappropriate for him, so he didn't say anything. So now he replied to Zhang Shaohui's sentence implicitly persuading him not to care about the intraday fluctuations of the stock price, and to take a long-term view, otherwise he would be entangled back and forth, and if he was afraid every day, he would not be able to see the long-term interests clearly, and the immediate interests would not be able to grasp it.

Zhang Shaohui heard the meaning of Li Xin's words, and he smiled awkwardly and said: "It's a pity that I watched this stock price fall back to yesterday's closing price from the price limit." ”

Wang Minghui listened to Li Xin's words just now, his eyes purred twice, and then he turned around and called up the market index on the computer screen, and used the mouse to compare the trend chart of the market index for a while, and then turned around and said: "You said that the market index will enter a technical bull market if it rises by 20% from the low, and the bull market will be determined, I'm afraid this is not necessarily, right?"

Li Xin said: "Although this point cannot be said to be 100% correct, it is very accurate to use this standard to measure the long-term trend of the market." ”

Wang Minghui said: "But I calculated just now, not to mention far from it, let's just say that in April and September this year, when the market index fell to a relatively low point, there were two times when the price rose from the low point to the high point by more than 20%, but after these two rises of more than 20%, it did not enter a technical bull market." Judging from these two examples, the gold standard you are talking about does not hold. ”

"Where are you talking about? Li Xin said, got up and walked to Wang Minghui's computer.

Wang Minghui pointed to the K-line chart of the large market index on the computer screen with his mouse and said to Li Xin: "Look here, the lowest point of the large market index on April 22 this year was 2990 points, but on May 5, the maximum price index rose to 3768 points. The rise from 2,990 to 3,768 is 26%, which is much more than the 20% you said. According to the standard you mentioned, the broader market index should have entered a technical bull market after May 5th, and it should continue to rise, but everyone has seen that the broader market has continued to fall after May 5th, right?"

Li Xin nodded and said, "Well, this increase is more than 20%, what else?"

Wang Minghui moved the mouse to another point in time: "You see here, the lowest point of the market index on September 18 was 1802 points, but after a week of rise, the highest price index rose to 2333 points on September 25. From 1802 points to 2333 points, the increase here is 29.5%, which is also far greater than the 20% standard you said. However, on September 25, after rising 29.5% from the low, the market did not continue to rise into a technical bull market, but continued to fall, hitting a low of 1,664 points. These two examples illustrate that even a rise of more than 20% between lows and highs does not necessarily lead to a technical bull market. ”

After listening to Wang Minghui's words, Li Xin smiled confidently: "That's all there are these two points, right?"

Wang Minghui said: "These two examples are enough to illustrate the problem. The two examples he gave were true, and he did not believe that Li Xin could continue to hold on to his original views in the face of such conclusive facts.

Just now, when Li Xin got up and came to Wang Minghui's computer to listen to Wang Minghui's explanation, Zhang Shaohui and Wang Haoqiang also came over and stood aside. Wang Minghui said that they have personally experienced the continuous decline of the two waves of large-market index rebounds, that is, they have experienced the torture of several sharp rebounds and then continued to fall, so until now, they and Wang Minghui do not believe that the bull market that Li Xin said will come soon.