"Fortunately, we adjusted our position in time!"

In the two main lines of 'infrastructure' and 'state-owned enterprise reform' continue to break out in an all-round way, and the Shanghai Index stands at 2300 points without hindrance, Yanjing, Chenghua Public Fund Company, in the main fund trading room, fund manager Gong Tiancheng looked at the completely different market trends in the core areas of the main line of 'infrastructure' and 'state-owned enterprise reform', and finally breathed a sigh of relief and continued: "It's finally time to catch the last train, although we still have a lot of positions that have not been adjusted. But it can be regarded as a timely remedial measure. ”

"Hmm!" Zhou Qiang, the fund product assistant, nodded and smiled in response, "Mr. Gong's position adjustment measures yesterday seem to be extremely wise now. ”

Gong Tiancheng said with a smile: "Don't brag about it, continue to adjust the position, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have completed the expected substantive breakthrough trend of unification and technical aspects, and the upward trend has completely come out...... Sticking to the 'military industry' field, I'm afraid that I won't even be able to eat a little leftovers in the end. ”

"Good!" Zhou Qiang responded, and then instructed the traders to speed up the adjustment of positions, continue to sell the stocks in the field of 'military industry', and at the same time use the funds freed up by the sale of stocks to further increase the positions of many strong and popular stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'.

Again, at the same time.

Yanjing, Fund Trading Department, Asset Management Department of China Commercial Bank; Modu, E Fund Management Company, a number of core fund product trading departments; Shenzhen Stock Exchange, Fund Trading Department, Asset Management Department of Ping An Insurance; Yu Hang, the main fund product trading department of Huarui Public Fund......

In the face of the momentum of the breakthrough of the two major market lines of 'infrastructure' and 'state-owned enterprise reform', the capital traders of all parties are rapidly adjusting their position structure, whether passive or active, and following the breakthrough direction of the market, frantically increasing their positions in the fields of 'infrastructure' and 'state-owned enterprise reform'.

With the rapid adjustment and increase of positions of these major capital institutions, they will follow up.

Of course, in the process of the two core main lines of the two major markets of "infrastructure" and "state-owned enterprise reform", the relatively weak "military industry, banking, insurance, securities, nonferrous metals, coal" and other sectors are getting weaker and weaker, and they have shown a more obvious downward trend against the trend.

"What's special, it's strange, why after 10 o'clock, with the rise of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', as the Shanghai Index hit 2300 points, 'military industry, banking, insurance, securities, nonferrous metals, coal' and other sectors have gone lower and lower?"

Seeing that the market has a clear divergence trend, some investors who hold low-level weak sectors asked in the online trading forum with a lot of confusion.

"The siphon effect of funds in the main line market, this is normal!"

"What's normal? It's really depressing...... Seeing a strong breakthrough in the index, the account is still losing money. ”

"Hey, the stocks I hold are also completely unable to outperform the index, obviously the index is rising, but the main force of big money on the disk is still frantically selling chips, I don't understand, are these guys blind? At this time, it is still thrown! ”

"Today's obviously weak, the main capital outflow of the sector, basically no expectations, no imagination space, this year's overall performance has been weaker than the market in the field, these areas are heavily trapped, there is a lack of attention to the main funds, it is difficult to rise, it is normal, right?"

"The key is that it is not difficult to rise, but a special contrarian decline, which is simply ......"

"Adjust positions and swap stocks, today's hot market performance, stocks that are still falling against the trend, really have no future."

"Agree, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have had a siphoning effect on the market, which means...... As the follow-up market continues to develop, the main funds of all parties in the market will converge more to these two main line areas, and it is difficult to get the main funds in the field to take care of those weak sectors, after being drawn by the two main lines of "infrastructure" and "state-owned enterprise reform", the trend will become more and more difficult, and it is very normal to underperform the market, and it is not surprising to fall against the trend. ”

"If you hold securities and stocks, is there still a chance for market rotation?"

"Unless the bull market is really coming, securities and stocks should be sold as soon as possible!"

"The advantage of our retail investors is that the capital is small, easy to enter and exit, and the performance of the market's strong and strong has always been the truth.

"Based on the historical performance of our big A, the so-called 'value investment' is a lie."

"Indeed, this wave of 'infrastructure' and 'state-owned enterprise reform' speculation may be the best money-making market this year, which is not grasped, and it is estimated that there will be no such opportunity in the follow-up of this year."

"Don't wait for the market to rotate, when it really does, maybe the market on the main line will double again."

"Staying away from areas with obvious money-losing effects and embracing areas with strong money-making effects is the right way to invest, think about it...... Is it easier to make money in areas where the money-losing effect is obvious, or is it easier to make money in areas where the money-making effect is obvious? The two main lines of 'infrastructure' and 'state-owned enterprise reform' have obviously come out of the bottom and formed an upward trend...... As long as you follow the trend, it is easy to make money, so why cling to stocks in weak and low-level sectors that have no main funds to care about? ”

"In fact, the main reason is that the follow-up of incremental funds in the market is limited, which can only support one or two main lines of the market to break through."

"Yes, I think that's the root cause."

"In addition to the comprehensive bull market, other forms of trends, the market has only a local market to do, and the market trend of each sector is differentiated, which is very normal."

"Indeed, except for a full-blown bull market, other times ...... You have to chase hot spots. ”

"In the market, there has always been a reason for the weak and the strong to be strong, what we can do...... The best investment plan is to follow the main line areas of the market that are most profitable. ”

"Hey, I'm so anxious, forget it...... I'll cut the flesh and chase it! ”

"What's special, I also cut it, watching the index rush forward, the popular stocks that I am optimistic about have been rising, and then looking at the stocks held in my account, I don't go up but down, I feel really uncomfortable."

"Hey, I knew that before the holiday, I should have cut meat to chase hot stocks in the fields of 'infrastructure' and 'state-owned enterprise reform'."

"Indeed, I regret it."

"I hope it's too late to cut meat and chase the warehouse now!"

"I chased it, I hope Mr. Su will continue to lock up the position and don't smash me."

"The Shanghai Composite Index has stood firm at 2,300 points, and whether it is the K-line trend or the amount of energy to respond, the two main areas of 'infrastructure' and 'state-owned enterprise reform' are in a state of strong breakthrough, and it is categorically impossible to be the top of this round of rebound."

"In the entire real estate sector, the net inflow of large funds has exceeded 1 billion, which is really terrifying!"

"For a single stock of Gemdale Group, the inflow of large funds today is more than 151 million."

"This is the absolute core of today, but it's a pity...... A lot of votes are at a high level of more than 5 points, and it's really hard to chase at this time. ”

"If you don't chase it, I feel like the back position will be higher."

"Let's get the chips first, if you buy so crazy with big money, it will definitely go up later!"

In the extremely hot discussion of many retail investor groups......

Time in the fierce trading, quickly crossed 11 o'clock in the morning, and at this time, the Shanghai Composite Index has refreshed the intraday high to 2305.36 points, an increase of more than 2%, and the rest of the Shenzhen Index and the ChiNext Index have also crossed the 1.5% position.

Except, of course, for index performance.

The two core main areas of 'infrastructure' and 'state-owned enterprise reform', which have attracted much attention, have performed even stronger.

Among them, the real estate industry sector index rose by more than 4%, 12 of the constituent stocks in the sector exceeded 5%, and 5 stocks touched the position of the daily limit; And the indices of the 'public transportation', 'high-speed rail', 'building materials', 'building decoration', 'steel', 'cement' and other sectors also rose by more than 3%, and the constituent stocks in the sector had a total limit of more than 10.

Similarly, in the direction of the small and medium-sized board and the gem, the hot main line in the early stage, that is, the main line of 'growth stocks' such as 'mobile Internet' and 'smartphone industry chain', although the rise is not as good as the two core main lines of 'infrastructure' and 'state-owned enterprise reform', it has also shown a slightly stronger trend than the broader market index and launched a strong rebound.

Among them, the 'Internet finance' sector broke out again, and the concept sector index, second only to 'commercial real estate development' and 'Shanghai Free Trade Zone', ranked third in the list of concept sector gains in the two cities.

As for the relatively weak fields of 'military industry, finance, nonferrous metals, and coal' in the two cities.

Under the joint sell-off of the main institutions of large funds in the market and the retail investors holding shares, it is still at the end of the market performance of the two markets, maintaining a flat shock, or a slight decline, and continuing to increase the volume.

"Today's market trend is really layered and very distinct!" Seeing the market performance before noon, the fund manager Zhou Kan carefully observed the market for a while in the Modu, Zexi Investment Company, and in the fund trading room, and said with a smile, "The situation of the strong being strong and the weak being weak is really vividly expressed." ”

Hearing Zhou Kan's words, Xu Shen, who was sitting beside him, stared at the computer screen with his eyes, bowed his head slightly, and answered: "A typical main line market has completely broken through, and the trend has accelerated. ”

"Hmm!" Zhou Kan responded with a smile, "Indeed, this trend is really beautiful." ”

"However, the market is accelerating here, and how far it can go up is really unpredictable, and we can't be too optimistic." Xu Shen said, "Judging from the current market pattern, the sudden progress of the two main lines of 'infrastructure' and 'state-owned enterprise reform', a large part of the undertaking funds are not over-the-counter follow-up incremental funds, but from the 'military, financial, nonferrous metals, coal' and other weak sectors, the escape of the position adjustment funds." ”

"This shows that the market trend is still not getting rid of the pattern of the game of capital stock in the field."

"Since it is a stock game market, then when the funds cut out of the weak sectors such as 'military industry, finance, nonferrous metals, coal', etc., gradually decay, and the amount of over-the-counter incremental funds has no signs of further expansion...... In other words, once these two completely different components of the follow-up funds begin to be unable to bear the market, the current hot two main line market upward trend will end immediately. ”

"Boss thinks, how much room for upward mobility?" Zhou Kan paused and asked.

Xu Shen thought carefully for a while, and said: "The upper pressure level of the Shanghai Index is 2400 points to 2500 points, if the Su of 'Yuhang Investment' does not sell in advance, according to this market expectation and sentiment, the Shanghai Index is likely to be able to explore 2500 points." ”

"The exponential is upward, almost 10% of the distance." Zhou Kan answered, "So...... According to the development trend of the two main lines of 'infrastructure' and 'state-owned enterprise reform', there should be at least 20% upward space in the market of the core main line areas, among which the popular leading stocks may have 40% to double the space. ”

Xu Shen nodded and said: "The ideal expectation is so, but the market sentiment and news are changing all the time, and the real market trend will most likely not develop according to the ideal expectation, so ...... At most, when the index touches the 2400 point line, we will start to take profit and reduce positions. ”

"Bull ......"

Xu Shen laughed and continued: "What a beautiful vision, but the real bull market is never generated through expectations, but through real market trends, through the combined force of funds inside and outside the market, step by step, in other words...... The bull market has never existed only in the rearview mirror of history, and only when the market has completed the bull market trend can we perceive its existence through the trend. ”

"Therefore, such ethereal expectations cannot be used as a criterion for judging investment strategies at all."

"No matter how enthusiastic the development of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is at this moment, and even in the follow-up, we must not lose our minds."

"Everything has to be implemented in accordance with a relatively conservative investment strategy, and you must know how to accept it when you see it."

"Hmm!" Zhou Kanying said, "I also feel that the word 'bull market' is still too far away from us at present, and the Mr. Su of 'Yuhang Investment' is essentially ...... It's too optimistic, and it's ...... I feel that most of his remarks about the 'bull market' also have the expectation of enhancing the market's long-term sentiment and the majority of investors, so that he can fully obtain the calculation of excess profits in the market in the two core main lines of 'infrastructure' and 'state-owned enterprise reform'. ”

Xu Shen smiled and said: "This is unknown, what we can do at the moment is to keep a calm judgment, not to follow the crowd." ”

With that, he turned his gaze to the plate again.

I saw that at this time, the time had passed 11:30, and the two markets had been fixed.

Among them, the Shanghai Index maintained a volatile trend at 2300 points, and the other main line markets, weak and strong sector trend patterns, and there was no obvious change from before, and the active funds in the two cities, whether they were the main force of large institutions, floating capital, retail investors and other attribute funds, basically continued to converge in the field of "infrastructure" and "state-owned enterprise reform".

At the same time, in addition to the performance of the index and the main market.

This morning's overall market volume can perform, compared with yesterday, there are also signs of a slight contraction.

In short, the entire market trend, whether it is the sentiment of the bulls, or the performance of the main line market, and the amount of funds can change, are much clearer than yesterday.

That is, countless investor groups on and off the market.

For the current market and even the subsequent market expectations, a preliminary consistency has been formed.

In the face of such a market trend, during the short break at noon, the bullish sentiment inside and outside the market continued to climb in the continuous heated discussion...... It's all overflowing with bullish rhetoric.

And under the continuous brewing and fermentation of this emotion......

When the time entered 1 o'clock in the afternoon, the two cities ushered in the moment of continuous trading again, and a number of "infrastructure" and "state-owned enterprise reform" concept stocks were once again snatched up by various funds.

So, at 1:15, just 15 minutes after the start of trading, the entire "commercial real estate development" concept sector field, set off a rising tide in advance, the early popular stocks "China Fortune, Kumho Group" in a relatively high position, continued to break through the board, setting a new high in this year's stock price.

At 1:30, led by the all-out riot in the entire real estate sector, the Shanghai Composite Index refreshed its rebound high to 2310 points, an increase of 2.39%.

At 1:50, the Shenzhen Index and the ChiNext Index also rose by more than 2%, among which the 'Internet Finance' set off a rising tide, and the 'Big Finance' sector, which had been sluggish before, also bottomed out and rebounded in the intraday.

At 2:20, the number of daily limit stocks in the two cities exceeded 40, and the number of daily limit stocks with a market value of more than 10 billion exceeded 10, and the market money-making effect was extremely hot.

At 2:40, the Shanghai Composite Index rose to 2317.83 points.

Finally, in the last 20 minutes, in the face of the main line of high-quality stocks that have all been at a relatively high level in the intraday, the market's follow-up effect, the high-level rush of active funds, has converged, and the market index and individual stock market have also slowly fallen in this situation.

Finally, the moment came at 3 o'clock in the afternoon.

Shanghai designated at 2307.37 points, up 2.27%, the Shenzhen Index, the ChiNext Index rose 1.86% and 1.79% respectively, the two cities traded a total of 104.632 billion, compared with yesterday, although there was a slight contraction, but still maintained at the 100 billion mark, maintaining a relatively active trading atmosphere.