"Penny stocks are so popular right now, it's no wonder that the trading volume of the broader market has shrunk so much all of a sudden! Because everybody went to buy cheap stocks. Tao Xiaoyao suddenly interjected.

"You're wrong, it has nothing to do with buying penny stocks or high-priced stocks. For most retail investors, if they are given 10,000 yuan, whether they buy 100 yuan of shares or 2 yuan of shares, they will generally be full, so what impact will it have on the turnover? Ding Xu shook his head and said with a smile, "The price of the market has risen and contracted, and there is naturally another mystery in this!" ”

On January 20, 2009, the penultimate trading day before the Spring Festival, the market opened low and went low, and finally under the leadership of brokerage stocks and steel stocks, the market bottomed out, and the Shanghai Index successfully turned red, achieving a miraculous reversal. However, the trading volume shrank sharply to only 56.6 billion yuan, compared with 83.1 billion yuan yesterday and 101.9 billion yuan last Friday.

The sudden reduction from a turnover of hundreds of billions to more than 50 billion is too strange and naturally causes many technocrats to feel uneasy.

Because the daily MACD indicator of the Shanghai Composite Index, the yellow and white lines have just broken through the 0 axis, and the fifth red column has begun to be released, and the stock price is also standing above all the short- and medium-term moving averages, and the moving averages have begun to be bullish.

The Spring Festival red envelope market is just right, but the market suddenly continues to move sideways, and continues to dive in the intraday, rising and falling sharply, and the amount of energy has shrunk so much, which is completely inconsistent with the healthy trend pattern of price increase and volume increase, which is a more dangerous signal.

"Generally speaking, price growth and contraction is a divergence phenomenon, which means that the stock price is on the high side. Retail investors and institutions are not willing to follow up. It is generally regarded as a contrarian indicator of divergence. When you encounter this kind of signal, it is best to withdraw and leave. May I ask the group leader, don't you even know this truth? Where is the mystery of what you are talking about? A new group member named Red Scarf suddenly sneered and questioned.

Ding Xu looked at this somewhat unfamiliar ID with some confusion, he didn't know who he was introduced to the group, and he spoke so impulsively.

He shrugged his shoulders, but he didn't pay much attention to the other party's attitude, after all, he had been building a group for so long, and everyone could say that he had seen it. didn't care that someone asked himself so unceremoniously, so he replied indifferently: "Red Scarf, you also said four words just now, 'in general'!" In that case, I think you also understand that there are some special cases that exist zài. For example, if a stock performs very well and does not rise much, so when the main force completes the absorption, retail investors will be reluctant to sell and cooperate with the main force to lock up their positions. The chips are well locked. In this way, when the main force is lifted. There are no retail investors willing to sell, and if the main force does not reverse the volume, it will often show a situation of price increase and volume contraction. In addition, there is a situation, that is, after a long period of absorbing chips, the main force has controlled most of the circulating chips on the market, as long as the main force does not sell, there is no transaction, so that if the main force is not right, it is naturally the smaller the rise, because the retail investors generally have ten points to throw away, so that the higher the rise, the fewer the chips in the hands of the retail investors, the natural price increase is shrinking. Especially for some small-cap stocks, after a daily limit, the turnover rate of the next day is even lower than 1 percent, which should be the majority of the chips are held by the main force, so there will be this extreme shrinkage rise. Once you find this kind of stock, it is a good opportunity to follow the bank. ”

"I know that, of course, and it's especially noticeable in some small-cap stocks, but you're talking about the big market! The market is participated by a large number of funds, and the trading volume of large-cap stocks is the mainstay, will it be the same? Red Scarf asked rhetorically.

"The broader market is of course a bit special because there are thousands of stocks trading, but the overall principle is pretty much the same. For example, the market fell from 6124 points to 1664 points, a decline of more than two-thirds, and many main forces were trapped. Now it has risen to 1994 points, but it has only risen by more than 300 points, about 20%. Before that, the market was at the bottom for a few months, and the main force collected a part of the chips, and the current increase was not enough for the main force to plug the teeth, they naturally looked further, and at this time pulled up the stock price, because most of the retail investors were still trapped, and the main force did not make any profits, and there were few people who shipped, so there was naturally a process of shrinking the volume after the volume. In the past, the volume was increased by using shocks to absorb chips, but now the volume is reduced because the chips have been absorbed. ”

Ding Xu replied, "Of course, the market is more special than individual stocks, as long as it continues to rise, retail investors who buy the bottom will continue to sell their chips, so it is necessary to observe the changes in trading volume in the future." If it continues to rise and the increase is large, and the trading volume also begins to increase, it can be judged that the previous shrinkage is a temporary reluctance to sell. On the contrary, if the price rises higher and higher, and the trading volume continues to shrink, it means that the volume-price divergence is indeed relatively strict, and it may peak in stages, so you can consider reducing your position and avoiding short-term adjustments. But in the medium and long term, there is no need to worry, the increase in the market is completely unable to correspond to the benefits brought by the four trillion economic stimulus policy, which should be a small bull market and will not end now. ”

"I hope so!" Red Scarf sneered, "I advise you not to be too optimistic. My friend told me that this wave of the market would not go far, and that I had to reduce my position as soon as possible. ”

"Huh? Who is your friend sacred? Ding Xu asked with some surprise.

"Sue you, there's someone above me! I have a friend in the capital, he is very well-informed, in 2007 the big bull market successfully escaped the top at about 6,000 points, do you say he is well-informed? Red Scarf said proudly.

"Many technologists have also successfully escaped from the top, the signs of the top at that time are obvious, and there are many cold winds on the policy side, but most retail investors are immersed in the dream that the Shanghai Index can reach tens of thousands of points and do not want to wake up." Ding Xu said helplessly, "This doesn't necessarily mean that he is very well-informed." ”

"Okay, then I'll have another piece of news, he sued me today, and the small and medium-sized board may be finished!" Red Scarf said unconvinced.

"Well, the small and medium-sized board really has to be careful, especially the small and medium-sized board that was greatly speculated in the early stage." Ding Xu nodded and said, "But it's over, it's still impossible to say, we still have to distinguish between high-level stocks and low-level stocks, and low-level stocks have nothing to worry about." When those stocks that have speculated sharply are adjusted, these safe stocks will instead have a performance to replace the vacuum of market hotspots. ”

…………………………… Dividing line ..............................

(Heartfelt thanks to 8 hardcore book friends such as "Ben Ben Zhou", caiyg, Qianwei Zhiguang, Xinglanyi, Reincarnation Geometry, Walking Doze, caiyg, and "Pi Da Yue" for generously rewarding the alliance leader of this book, welcome to the alliance leader group (miracle group) family exchange, and wish good health and happiness.)

Yesterday, the text reminds everyone: "Even if there is a recurrence tomorrow, there is no need to make a fuss." After all, it has risen by hundreds of points in a row, isn't it normal to fall by dozens of points? Wash and wash healthier, so that you can go higher. ”

Today, the Shanghai Composite Index is indeed still adjusting, the Shanghai Composite Index closed down 30 points, the Shanghai Composite Index 30-minute level adjustment, generally lasts a few days, and now the 30-minute level of the MACD indicator is still a little difficult to re-golden cross, tomorrow morning may have to fall for a while, I hope not to trigger the daily level of adjustment. Because on the daily line, KDJ has turned down, and the MACD yellow and white lines are still in the process of being glued, and if there is a larger rebound tomorrow afternoon, the adjustment of the daily level can be avoided. Otherwise, the double stars that closed yesterday and today often indicate a change, and if it doesn't go up, it will go down.

Of course, this is still a short-term adjustment, because the Shanghai Composite Index did not fall below yesterday's low today, and is still consolidating above the five-day line, and yesterday's and today's close did not even fall below the five-day line, and there is no sign of a break, so don't worry too much. As for the medium and long-term trend, don't worry, this wave of bull market 3700 can't be stopped.

Overall, the market is still in a strong adjustment, only retraced to the five-day line, and the moving average is still a bullish arrangement. The medium- and long-term trend has not changed, and the 3700 point has fallen back after a test, and it will stand up in the future.

More importantly, we must see that the money-making effect is still very hot, and more than 100 stocks have a daily limit, so it is more important to seize the market hotspots and earn enough individual stocks.

State Affairs Today. The institute issued the "Deployment to Accelerate the Implementation of "Made in China 2025", the premier said that it is necessary to continue to increase the reform of state-owned enterprises and state-owned assets, and the new power reform plan has also been officially announced, and the reform dividend is continuing to be released, which will also lead the bull market to continue to rise. In the short term, we can observe how tomorrow's table of Made in China 2025 and related concept stocks can lead the market out of the adjustment.

I wish you all to grasp the hot spots in the market and make a lot of money. (To be continued......)