Faced with such a midday closing situation.

The bullish and bearish sentiment among market investors, especially among retail investors, is still very different and debated.

"This kind of volatile trend, not up or down, feels like the market is ...... in the afternoon I have to dive!"

"I also feel that the index still has to test the support of 2200 points, hey...... I really shouldn't have chased high in the morning."

"Judging from the performance of the morning market, the two core main lines of the market, "infrastructure" and "state-owned enterprise reform", do have a lot of selling."

"The performance of the main funds in the two cities has changed from a net inflow before 10:30 a.m. to a net outflow at the close of the afternoon market."

"Not only the two core main lines of "infrastructure" and "state-owned enterprise reform", but also the other main lines of the market are weaker today."

"Approaching noon, the main funds have to be conservative, hedging in the field of "consumption", "medicine" sector convergence, approaching May Day, the main funds should be worried about the holiday, market news, the uncertainty of the external market trend, right? That's why I don't dare to continue to pull up with confidence."

"Although the index plunged and fell back near midday, on the whole, today's market is not necessarily bad, right?"

"Indeed, there are not a lot of stocks with a daily limit in the two cities, and the most core of several popular leading stocks have closed the daily limit today, and the market money-making effect is still strong."

"May Day, there may not be a downside, right?"

"Around May Day last year, the stock market index trend was rising, and it feels a bit like last year!"

"There is a probability that the index will retrace the support at 2200 points, but I think it ...... There is a high probability that the index will not fall below 2200 points again and return to the previous box, after all, the breakthrough in the past few days, the market has exploded sharply, and many major funds have intervened, and these funds always have to make money, and it is impossible to let the index fall back."

"Whatever, as long as it doesn't plummet."

"Yes, as long as there is no plunge and no market liquidity crisis, anyway, the trend of the market's leading concept stocks has little to do with the index."

"I would like to hope that the index will continue to dive in the afternoon and step back on the 2200 level, so that it will ...... I'll be able to grab the chips of Beixin Road Bridge."

"Hey, I was hesitant in the morning, and when I wanted to place an order to buy Beixin Road and Bridge, the check had already been limited."

"Since the index has substantially broken through 2,200 points, the rebound market can't end here, right?"

"Haven't really broken through 2200 yet? From a technical point of view, to judge whether the index has substantially broken through a pressure level, it is necessary to wait for the index to stand at this pressure level and not fall back for three days before it can be regarded as an effective breakthrough, and from this point of view...... At present, there is no substantial breakthrough in the Shanghai Composite Index."

"Then it is impossible to fall back again, so that those who have not had time to buy at the low position can get back on the bus."

"I don't look at any technical indicators, fundamentals, and news analysis, so I want to be bearish, unless Mr. Su's "Fortune Road" seat appears on the sell seat of the Dragon and Tiger list today."

""Infrastructure" and "state-owned enterprise reform", the two core main lines of the market, the relevant leaders, have not even doubled the stocks, saying that the market is over here, or that the market is at a high level here, I don't agree, how can I get out of the doubling of the leading stocks."

"Yes, compared with last year's "mobile Internet" market, the "smartphone industry chain" market, and the current "infrastructure" and "state-owned enterprise reform" main line market, it is definitely still at the foot of the mountain."

"Under the market situation last year, Shanghai Ganglian, Internet Speed Technology, Huaqingbao, Changqu Technology, Huayi Brothers, LeTV and other votes can continue to rise 6 or 7 times in height.

"Even if the market height of the two main lines of "infrastructure" and "state-owned enterprise reform" cannot be compared with last year's "mobile Internet" and "smartphone industry chain", then there should be no problem in benchmarking against the "Shanghai Free Trade Zone", right? At that time, the speculation of the line of "Shanghai Free Trade Zone" was line

Situation, related leading stocks, such as Waigaoqiao, Shanghai-Hong Kong Group, Shanghai Sanmao, etc., have risen by two or three times at every turn, now look at ...... The check of Beixin Road Bridge is definitely still at the foot of the mountain."

"After May Day last year, the index went five consecutive positives, and this year the index is also in a rebound cycle, and the trend should not be worse than last year."

"Whoever wants to sell it, sell it, just clean up the floating chips."

"What everyone is most worried about should not be the domestic news and market bearishness, right? After May Day last year, the market went so strong, one is because the "mobile game" industry has shown signs of performance explosion, which has led to the entire "mobile Internet" investment storm, and the other reason is that at the same time last year, the external trend, especially the trend of U.S. stocks, was extremely strong, which drove A-shares, and now ...... The peripheral trend is very bad, and it ...... Throughout the history of A-shares, there has been no independent bullish performance from the external trend."

"These news, these analysis logics, and the main funds in the field should all be clear, right? None of them are afraid, there is no large-scale sell-off, so what are we afraid of? Our retail investors have small funds, whether they are full or clear, it is not easier than large funds, and when the trend is completely clear, then buy and then sell, isn't it?"

"The market is speculating on an expectation, and it is really clear, I'm afraid I can't run away if I want to."

"Anyway, I don't believe this is the high point of this rally, unless the index ...... in the afternoon It's really falling back below the 2,200 point range."

"Yesterday, Mr. Su went all out to increase his position and go long, it is impossible not to foresee these many negative factors in the market, right?"

"It's hard to pull the index up to 2200 points, why can't it fall back so quickly, right? Haven't the many main funds in that field really become the unjust ones who liberate a large number of trapped disks in the field? If the main capital is really so stupid, then the loser will not always be our retail investors."

"Mr. Su intervened in such a large-scale position, anyway, I don't believe that the market will end so soon."

"Today, the market as a whole is relatively weak, or the holiday is approaching, and the overall risk aversion in the market is heating up, which has nothing to do with anything else."

"Saying that the market will continue to fall in the afternoon is obviously a bit unfounded."

"Today's probability is that it is a shrinkage shock pattern, and I think the current ...... It's better to light the market and focus on individual stocks."

"Yes, yes...... It is useless to blindly care about the rise and fall of the broader market, and it is most useful to focus on individual stocks that have a money-making effect."

"Regardless of the rise and fall of the index, anyway, I only know that the market today has a good money-making effect, the price limit is easy to block, and the number of stocks that have been fried is much less than a few days ago."

"The main weakness is still the small and medium-sized board and the gem."

"I feel like the market style has completely changed, right? The small and medium-sized board and the ChiNext board have really been weaker than the Shanghai Index for many days."

In the voice of discussion where long and short emotions are intertwined......

After a short break at noon, at 1 o'clock in the afternoon, the two markets resumed trading.

I saw that after the emotional fermentation at noon and the impact of market news, the major indexes continued to fall in the 15 minutes of opening in the afternoon, of which the Shanghai Composite Index once touched a 0.5% decline, and the intraday low was refreshed to 2208.98 points, as for the small and medium-sized board index and the gem index, it was more recent than a 1% decline.

When the Shanghai Composite Index hit the lowest level of 2208.98 points, the momentum of the two cities began to gradually weaken.

At 1:25, the Shanghai Composite Index rebounded from the intraday low and returned to above 2215 points, and at this time...... All kinds of funds on and off the market, seeing that the Shanghai Composite Index is near 2200 points, does have strong support, and at this time began to chase and buy.

With the renewed chase of these funds, buy.

The market pattern of the two markets has also changed, and buying has begun to suppress selling again.

Immediately afterwards, at 1:44, the Shanghai Composite Index returned to the 2220 point mark, recovering all the intraday losses, and once again reached the opening point, maintaining the red market trend.

Of course, at the moment when the Shanghai Composite Index rebounded strongly and regained the red plate.

Deep index, small and medium-sized board index, gem index

The large index still maintains a weak and volatile situation, and the change in the direction of capital flow in the entire market is still a net inflow to the main board, and a net outflow from the main line of the core concept of the small and medium-sized board and the gem.

"Damn, it's poisonous."

Seeing that with the continuation of the volatile market, the entire market pattern is still the main board is strong, and the small and medium-sized board, the gem is weak, and the relatively high "infrastructure", "state-owned enterprise reform" two core main lines, is also the stronger and stronger, the core stocks in the shock trend, is also higher and higher, but yesterday finally rebounded strongly in the small and medium-sized board, the gem field "mobile Internet", "smart phone industry chain" two main areas, in a relatively low position, continue to be weak, with the market shock trend, lower and lower, the magic capital at the moment, Inside the Yinghui Fund, in the trading room of Yinghui No. 1 fund products, fund manager Liu Guanhai was full of anxiety and finally couldn't help but curse a foul word.

"Manager, why don't we ...... Let's adjust the position!" Hearing Liu Guanhai scolding, Yu Lei, the leader of the trading team, couldn't help but suggest again.

Liu Guanhai didn't answer, but helplessly stared at the market trend of the two cities, and was silent for a while, seeing that a number of "mobile Internet" and "smart phone industry chain" hot stocks such as Netspeed Technology, Hua Qingbao, LeTV, Huayi Brothers, etc., are still declining, and the disk selling is endless, and the main capital performance is a net outflow, and the stock price has basically fallen back from yesterday's rebound, and finally gritted his teeth and said, "Sell, sell!" The two core main lines of "mobile Internet" and "smart phone industry chain" seem to be really hopeless, and all kinds of funds in the market will not converge to the field of "growth stocks" at all, hey...... It's a wrong step, a wrong step!"

He was unimpressed with Su Yu before, and felt that the other party had created a myth of market profitability.

It's just that I guessed the rhythm of last year's market, and I grabbed the main line of two or three waves of market in a row, or even at a certain moment...... He felt that he was no worse than the other party.

Moreover, he feels that as a market veteran, he has rich experience and a deeper understanding of the market than the other party.

However, when the market style completely turned, the investment route of the small and medium-sized board and the "growth stocks" of the gem, which was significantly stronger than the market at the beginning of the year, was instantly abandoned by the main funds in the market, and became an area that was abandoned by the people of the two cities, and there was no continuous money-making effect at all, and countless "prisoner's dilemma" market sectors have been formed, which were suppressed by countless lock-up plates, and at the same time, they ...... However, the other party brazenly took a heavy position in the main line areas of "infrastructure" and "state-owned enterprise reform" on the main board, continued to lead the market, and created new myths and legends of market profitability, and he really realized it...... The surname Su is really powerful!

"Good!" Seeing Liu Guanhai relieved, Yu Lei finally breathed a sigh of relief.

These days, in the eyes of the "infrastructure", "state-owned enterprise reform" two major market lines of continuous breakthroughs, and in this round of rebound, not only did not make money, but also fell into a state of contrarian losses, and the company's original net value lagged behind their trading group of another product, the net value has exceeded them, everyone is the same nest, the same anxiety, and at the same time more or less Liu Guanhai's persistence and sluggishness, some complaints.

Now, Liu Guanhai can't hold on, and has no choice but to admit his mistakes to the market, and the resentment in everyone's hearts has also been relieved.

"Our goal of rebalancing is still locked in the two main lines of "infrastructure" and "state-owned enterprise reform", right?" After Yu Lei answered, he continued to ask.

Liu Guanhai stared at the plate, continued to ponder for a while, and nodded.

Although he is very reluctant to sell low-level core stocks related to "mobile Internet" and "smartphone industry chain" in this position, chase core stocks in the fields of "infrastructure" and "state-owned enterprise reform", and lift Su Yu's sedan chair in these two main areas, but the market trend is like this, and he really has no choice.

After all, if he doesn't do this, the net value of the fund product he is in charge of will only be left farther away by the company's other products and other competitors in the industry, affecting his performance, income, and even reputation in the industry.

With the helpless adjustment of the "Yinghui No. 1" fund, it was forced to lift the sedan car......

During the market trading hours, after entering the afternoon at 2 o'clock, in the overall shock pattern, the main lines of various concepts, industry sectors, and conceptual sectors began to show more obvious signs of differentiation.

I saw that the two core main lines of "infrastructure" and "state-owned enterprise reform" gradually rose to near the high point of the morning in the state of almost sideways indexes, among which the core stocks Huaguo Metallurgical, Huaguo China Railway, Huagong International, Huaguo Communications Construction and other votes directly created a new intraday high and refreshed the new high of this round of rebound.

The two major defensive sectors of "medicine" and "consumption" slowly fell back from their intraday highs in the process of regaining the two core main lines of "infrastructure" and "state-owned enterprise reform".

The "big finance" sector remains low and volatile, and it is still an area that no one pays attention to.

The small and medium-sized board, the gem-based "growth stocks" route, especially yesterday's sharp rebound, once had a promising "mobile Internet", "smart phone industry chain" two main areas, directly and "infrastructure", "state-owned enterprise reform" two major areas, formed a sharp contrast, in the index shock, gradually lower, the main funds in the field completely showed an outflow state, its related core hot stocks, but also led the two cities, showing a relatively weak state.

As for other nonferrous metals, coal, agriculture, electronic semiconductors and other industry sectors, they followed the index shocks, there is no obvious market, but there is no obvious sign of large-scale sell-off.

"The market is divided, and it feels like it's accelerating!"

At 2:15, in the internal trading room of Yuhang Investment Company, Li Meng looked at the market trend that had been quite clearly differentiated under the volatile situation, and reported to Su Yu on the side with a smile: "According to such a differentiation trend, it should be able to show that the main funds in the market are converging in the hot main line areas, and the acceleration of the main rise of the two main lines of "infrastructure" and "state-owned enterprise reform" should be coming, right?"

"Hmm!" When Su Yu heard Li Meng's words, he bowed slightly, "Look at this situation, the flow of funds in the market is indeed further converging in the fields of "infrastructure" and "state-owned enterprise reform."

"It seems that the consensus expectations of the market are also accelerating." Li Meng's eyes brightened and he continued.

Su Yu responded with a smile: "Under the convergence of the money-making effect, the stronger the stronger, the weaker the weaker the pattern, the follow-up will continue to deduce, once the two main concepts of "infrastructure" and "state-owned enterprise reform" are rising, the phenomenon of 28 differentiation in the market will be more serious, and the line of "growth stocks" should be uncomfortable for a long time."

"Why is it that the two main concepts of "infrastructure" and "state-owned enterprise reform" are mainly rising, and the "growth stocks" route led by the small and medium-sized board and the growth enterprise board are uncomfortable?" Hearing Su Yu's words, in the internal trading group, Liu Yuan, the head of the trading team, asked incomprehensibly, "It stands to reason that the two main concepts of "infrastructure" and "state-owned enterprise reform" will inevitably drive the index to further open up space and attract more over-the-counter funds to enter the market...... It should be good for all stocks!"

Su Yu saw Liu Yuan's doubts, knowing that most of everyone had this kind of doubt in their hearts, he couldn't help but smile and explained: "The recovery of market sentiment and the establishment of confidence are gradually formed, and the two main lines of "infrastructure" and "state-owned enterprise reform" involve hundreds of stocks, and they are basically medium and large-cap stocks.

"The generation of this siphon effect, in a short period of time, the incremental funds attracted by the market money-making effect will definitely not be able to fill."

"This also means that most of the funds to undertake the two core main lines of "infrastructure" and "state-owned enterprise reform" must be market stock funds."

"And the game of stock funds ......"

"Too much capital flows into the fields of "infrastructure" and "state-owned enterprise reform", then it will definitely mean that there will be huge outflows of funds in other sectors of the market."

"However, looking at the entire market, the sectors with the lowest money-making effect and the "prisoner's dilemma" effect have been formed, and the most serious areas for sell-off are only the small and medium-sized boards and "growth stocks" of the small and medium-sized board and the growth enterprise board that have accumulated a large number of hedged disks and are not in a low position."

"The "mobile Internet" and "smart phone industry chain" fields of the small and medium-sized board and the gem have gone through several waves of strong market last year, which means that a large number of active market funds have been piled up in this field

If a field really can't produce a sustainable money-making effect, and it can't outperform the market, it's easy to understand that it is easy to sell the chips in this field and continue to pursue the most profitable areas of the market, and want to quickly recover the funds lost in this field."

"So ......"

"Subsequently, with the acceleration of the two main lines of "infrastructure" and "state-owned enterprise reform", the main rise will be achieved."

"The phenomenon of 28 market fragmentation will definitely become more and more serious."

"In this stage of market development, a large number of investor groups whose concepts cannot be changed, or a large number of investors with thinking inertia and path dependence, are expected to have accounts in their hands that do not make money after making the index, or even more seriously making money after making money on the index."

"Got it!" After listening to Su Yu's analysis, Liu Yuan suddenly felt in his heart.

Similarly, in the trading room, other traders, under the analysis of Su Yu's words, were also touched a lot, and in a hazy way, they also had a deeper understanding of market transactions.

And when everyone communicates and discusses with each other, and makes continuous analysis and prediction in response to changes in market conditions.

The time has quickly crossed 3 o'clock in the afternoon, and the trading of the two cities is frozen.

After the last shock trend at the end of the session, the Shanghai Composite Index closed slightly higher, re-standing at 2228.33 points, up 0.48%, while the Shenzhen Index and the ChiNext Index closed slightly down, down 0.36% and 0.49% respectively.