"It's going to fall!" After reading all the data, Wang Nuo also came up with this conclusion in his mind.

The number of stocks with alpha values greater than zero is still more than 2,000, and the big blue chips drag down the index when the stock market rises, and they ...... when the stock market falls back actually gave a corresponding decline.

This was beyond Wang Nuo's expectations, but it was a good thing, which means that Wang Nuo's structural analysis of the stock market has not yet failed.

The adjustment of the stock market can be collective or structural, the previous rise is a structural adjustment, but the current decline is a collective decline, it is simply ...... It's perfect.

Besides, the IC index is still not an ordinary stock index, it has a weighting factor, but it is only the least weighted factor among the three major professional indexes.

IF, IH and IC fell collectively, and the Shanghai and Shenzhen stock indexes fell, and Wang Nuo suddenly felt a ...... in his heart The urge to increase positions.

In the end, reason triumphed over impulse.

If you go in with a full warehouse, you will indeed make a lot of money, but with Ye Yaohua, the trader, there, Wang Nuo thinks that if you give a certain amount of flexible funds, although Ye Yaohua can't make more profits than if you enter the market with a full warehouse, you can't ...... It's stable.

The analysis conclusion is correct, Ye Yaohua can give the corresponding short-term operation based on this, and the profit he can earn cannot be said to be less.

"Then came the day-by-day shock. Wang Nuo has realized that the fluctuation of the stock market is measured in days, and today's decline is enough, and the market will digest this information before giving the next reaction.

So...... On the afternoon of the 10th, the stock market closed sideways at the end of the day, and the longs and shorts could not see the trend of tomorrow and Tuesday, and they were ready to use an extra night to digest the variables of the market.

Tuesday the 11th.

Wang Nuo finally felt the disadvantage of taking structural adjustment as the core variable to cut down, that is, he had to keep an eye on the market at any time.

"Staring at the weight of blue chips at any time, ordinary stocks outperform the market, the IC index will not go up, this is the core factor in the argument!"

For Wang Nuo, the collective decline in the market is really good, and what he needs to be careful about is the moment when the weighted blue chips stop the decline, or when ordinary stocks give excess declines, that is, when he closes his position.

Fortunately, on Tuesday, the stock market generally fell, and the IC index fell from less than 6600 points, touched the 6650 point position, and broke at the end of the session.

On the premise that the price structure is determined, Ye Yaohua's trading methods also make Wang Nuo's eyes shine.

As long as the data dares to move, holding the discussion of the direction of structural change given by Wang Nuo, Ye Yaohua can flash and move in a certain exponential space, and the T+0 operation can be used to fly, although he does not make much money, but it is extremely stable.

This is the role of traders, give them a fulcrum, ordinary traders can pry up a big stone, the strongest trader is to pry up the earth, Ye Yaohua is supported by Wang Nuo's definite arguments, at least a mountain has been prying.

Wang Nuo felt breathtaking, holding an honest pen in his hand, his great thing is his vision and courage, and he is the commander in the general direction.

In terms of trading, senior players like Ye Yaohua are the main force, give them a certain color, and they can mix various patterns.

Wang Nuo was amazed, but Ye Yaohua also felt excited.

What is the trader most afraid of? The big argument given above is most afraid of mistakes, and the direction is wrong? The old driver can't drive a good car.

Now that Wang Nuo is equivalent to pointing out that there is a road ahead, Ye Yaohua dares to increase the driving speed to the highest when he can only see what is in front of him all the time, and then ...... The old driver will take you flying.

Who has contributed more? Ye Yaohua doesn't even need to think about it, the answer must be Wang Nuo.

A powerful trader can be trained the day after tomorrow, a powerful financial decision-maker, but it is almost a talent decision, without Ye Yaohua, Wang Nuo can find Li Yaohua and Chen Yaohua, without Wang Nuo, no matter how powerful Ye Yaohua is, he may also hit his head and bleed.

That's why there is no upper limit on the income of fund managers, and there is a ceiling for traders.

"With Arnold here, I can succeed!" Ye Yaohua attached more importance to this job, he thought of his daughter, remembered what happened when he was banned from work, and there was a fire burning in his heart.

On Wednesday, the IC index fell below 6,600 points, and the stock market generally fell.

"Yes, teacher, Mr. Wang's research report is public, you can just let the information collector download it directly. Yuan Rongxin was talking to the teacher on the phone: "No, teacher, you also know that if Yifeng Investment didn't buy the research report business, there are some things that I can't say...... Why don't I ask Mr. Wang?"

"Okay, thank you teacher for caring, I understand, I will. Yuan Rongxin hung up the phone with Yifeng's chief strategy analyst, and was also excited when he heard the teacher's praise and instructions.

The financial circle is not big, everything spreads quickly, and Yuan Rongxin's information communication with the teacher is also very gentlemanly.

If you can say it, you can say it directly, if you can't say it, this is professional ethics, Yuan Rongxin now has a great sense of identity with the company, he knows that he is walking on the road to success.

Although the structural adjustment of the stock market mentioned by Wang Nuo has not yet arrived, the company's investment has been profitable in the past few days, which means that Wang Nuo's analysis is correct and the adjustment is ...... Sooner or later, it's coming.

On Thursday, the IC index fell, breaking directly at 6,500 points, and then rose back again, hovering around 6,500 points.

On Friday, the stock market was negative for five consecutive years, the IC index broke 6400 points, last week's gains were consumed, individual stocks fell, and the decline of the weight of blue chips was still leading, but Wang Nuo clearly saw that the number of stocks with alpha values greater than zero in the stock market was decreasing.

It stands to reason...... Heavyweights should not be able to eat more pullbacks.

When the macro policy does not give up and down momentum, heavyweight stocks and big blue chips do not have the possibility of continuing to decline.

"But there may not be a chance to go up in December. By now, Wang Nuo has finally understood the general direction of the structural adjustment of the stock market.

Taking advantage of the first wave of the rise in December, the weighted blue chips gave a pullback trend, and then in the case of a general decline in individual stocks, they should stabilize the protective disk, and the end of the year is very likely to end sideways.

Zhou Minghai and Wang Nuo's December research report was not wrong, the stock market was sideways, and the heavyweight stocks were protected.

After the IC index returns to 6400, there should be no downside, but ...... The IF index should be more likely to rise than down, upside greater than downside, or downside, or downside almost disappear.

"Clear the position, pay attention to the IF index, Brother Hua, you can make your own ideas, I think ......" Wang Nuo told Ye Yaohua his point of view that if the market did not change greatly in December, he was not ready to care.

Now there are about 1,500 stocks with alpha values greater than zero in the stock market, all of which are ordinary stocks.

So...... If the first situation occurs, then do not make money or lose, rely on Ye Yaohua to make money at the technical level, and in the second case, make a small profit, and the third situation with the smallest probability occurs, and Wang Nuo can afford to lose.

150 contracts, short sold at 6690, closed at 6400, a total of 290 points of profit space, that is, 8.7 million yuan, plus Ye Yaohua's operation in the range after determining the structure, barely earned about 9.2 million yuan.

17 million yuan, half a month, 9.2 million yuan profit, more than 54% of the rate of return, the company's first investment effect is very good.

Wang Nuo is now thinking about tomorrow's analyst LV2 exam, and whether to participate in stock index futures or commodity futures in January next year.

However, what Wang Nuo didn't know was that the eyes of the big institutions had shifted slightly.

At the end of the year and the beginning of the year, the flow of people and institutions in the financial research community merged and ...... is the most frequent.