"What do you think about the future?" Martial Heroes now has a lot of cash on hand, but no one will be disgusted with a lot of money, if he can make a little more, it will naturally be great.

Sun Haoyang pondered for a while, and said slowly: "According to the analysis of the current situation, if I am not wrong in my prediction, the main rising wave of the bull market has ended. ”

"What? You say the bull market is over? Wu Yingying was very surprised by Sun Haoyang's judgment.

Wu Yingying is also a veteran of the stock market, and he knows very well how terrible it will be once the Chinese stock market goes bearish, if it is really according to Sun Haoyang's bull market has ended, then not only can not buy stocks now, but also how far away should it be to hide.

Sun Haoyang slightly, waved his hand and said: "Don't be so alarmed, what I just said is that the main rising wave of the bull market is over, not that the bull market is over." In fact, based on my analysis of the historical trends in China's stock market, this bull market should continue for some time and reach new highs. ”

After hearing Sun Haoyang's words, Wu Yingying breathed a sigh of relief: "I'm very timid, don't scare me." You say that according to the analysis of historical trends, what is the basis? ”

"Before answering your question, I will test you first, what are the main stages of a stock sitting on the market speculation from the perspective of the disk?"

Wu Yingying said without thinking: "It's not simple, build a warehouse, wash the plate, pull up, and ship." ”

"You're right, in fact, it's not just individual stocks, it's the same for the broader market. A wave of bull market starts, and it also has to go through the start, shock, pull, and end. ”

While speaking, Sun Haoyang called up the K-line chart of the Shanghai Composite Index on the computer, and then turned to the market in 2000 and said: "You look at the cross-year market of China's stock market from 1999 to 2001.

From 1000 points of the 519 market in 1999 to 1700 points at the end of June, this is the start.

This was followed by a volatile wave until December, followed by a major upswing that lasted until August 2000.

After August, although the market hit two new highs in a row, this is already a shipment market, and finally the market ended this round of market that lasted for two years with a triple top. ”

"So you think this year's bull market is going to be the same as it was in 2000."

"Yes, I think it's very likely. After the collapse of the market in the 530 event, the main rising wave of the bull market has ended, and in the next half year, the market will come out of a wave of shipments if it is not expected. ”

"Anyway, you mean that the market will rise in the future?"

"The probability of the market hitting new highs in the future is very high, but even so, it is not possible to buy any stock. In fact, according to my analysis, in the future, while the market will hit new highs, many stocks will fall very badly. ”

"What does that mean?" Wu Yingying is very good at analyzing technical forms, but studying the trend of the market is really not his strong point, so he admires Sun Haoyang so much.

"Who do you think is the biggest force in China's stock market right now?"

"Yes...... Makers? ”

Sun Haoyang smiled and shook his head: "Today's stock market is no longer the era when the bookmaker covers the sky with one hand. China's stock market is just too big today. Even if there are still some market makers in the stock market today, they can influence the trend of several stocks at most, and have no impact on the overall market trend at all. ”

"That'...... Is it a retail investor? ”

"In terms of the amount of funds alone, the power of Chinese retail investors is indeed the largest. However, the fundamental reason why retail investors are called retail investors is that they are scattered, and retail investors will only chase the rise and fall with the tide, but they have no ability to affect the trend of the broader market. ”

"Neither a bookmaker nor a retail investor, so who else?"

"Fund house. In fact, the real force that can influence the market in China's stock market is fund companies. Since the beginning of this year, this wave of bull market has not only caused the number of shareholders to skyrocket, but also the number of basic shareholders has also shown a geometric progression.

After all, the stock market is a high-risk market that requires a high level of expertise, and not everyone will speculate on stocks. More ordinary people will choose to buy equity funds after the bull market arrives, and let professionals help them invest.

Although the level of Chinese fund companies is not very good, at the same time, the level of retail investors in China is not high. So buying funds in a bull market is also a good way to do it. ”

"You say that the biggest force in China's stock market is fund companies, but what does this have to do with us?"

"It's a big deal. When the bull market is rising, all stocks will rise, so in fact, stock selection is not so important, as long as you are patient enough and hold a stock, you will always make money.

But now the bull market has entered the final stage, in which stocks are no longer generally rising, but some sectors will rise and some sectors will fall.

At this time, it is very important to choose the right plate.

If you want to choose the right leader at the end of the bull market, you must follow the footsteps of fund companies. ”

"There are so many fund companies in China, how can we possibly know what stocks they will buy?"

"Although there are many fund companies, the judgments of fund managers and analysts are regular, as long as they are carefully analyzed and reasonably inferred, it is not difficult to judge their intentions."

Wu Yingying's eyes lit up, and he hurriedly said: "Then tell me quickly, what stocks will the fund company buy?" ”

Sun Haoyang shook his finger and said: "It is better to teach people to fish than to teach them to fish, I won't tell you which stock the fund company will buy, but I can provide you with a direction, and then you can analyze it yourself." ”

"Okay, then you can say it quickly."

"First of all, in a bull market, small-cap stocks rise more than large-cap stocks. I wonder if you've noticed this pattern? ”

Wu Yingying nodded: "That's natural, the plate is small and easy to hype." ”

"So on the other hand, once the bull market is over and the bear market comes, small-cap stocks will also fall the hardest."

"That's right, climb high and fall hard."

"Next, as we all know, the scale of fund companies is often tens of billions of billions, and the volume is huge.

Therefore, whether the fund company intends to buy stocks or sell stocks, it must be slowly planned. Unlike us retail investors, who want to buy and sell stocks, they can do it in a few seconds at the touch of their fingers. ”

"You mean ......"

"Since even I, a self-taught half-asser, can see that the stock market has reached the end of a bull market, it is impossible for those fund managers who have learned a lot of money to fail to see this.

At the same time, because of the huge size of the fund, once they predict that the inflection point of the stock market is coming, they will definitely start the layout in advance.

In addition, according to the regulations, equity funds cannot be shorted, even if they know that the bear market is coming, they must retain a large part of the stock position......"

"Oh! I understand, so in the future, fund companies will definitely sell their small-cap stocks and buy a lot of large-cap stocks to hedge! Martial Hero hurriedly replied.

"Looks like you don't need me to continue, you've figured it all out."

"But there are so many large-cap stocks in the stock market, which one should we choose?"

"The total size of all equity funds in China is hundreds of billions, so much money, which sector can afford it, do you need me to continue?"

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