"It's terrible!"

At 9:40, inside the magic capital, Zexi Investment Company, and in the fund trading room, Zhou Kan observed the market trend and briefly browsed the comments of the majority of retail investors in the discussion areas of major trading platforms, and couldn't help but sigh: "In addition to the 'bank', other industry sectors and conceptual fields in the entire market have almost been wiped out." ”

"Normal!" Xu Shen, who was beside Zhou Kan, bowed his head slightly, and said, "The market is expected to change in the direction of bears, and at the same time, there is no other positive stimulus on the market news, so the on-site funds will naturally vote with their feet, and the over-the-counter funds, seeing this market scenario, will be more wait-and-see sentiment, which has caused the on-site selling to fully suppress the buying, and the market volume can continue to shrink, but it will continue to decline unilaterally." ”

"It's mainly a lack of confidence, right?" Zhou Kan responded, "The original long-term bullish trend was knocked down by the negative impact of the IPO restart before it was fully established, and now the market rebound is seriously less than expected, causing the last bullish forces in the market to also start to turn against each other." ”

"In this way, confidence collapsed, and everyone's expectations for the future market almost all turned from optimism to pessimism."

"I think this is the reason for the sharp decline in market risk appetite and the comprehensive collapse of a number of core themes in the early stage, such as 'infrastructure', 'state-owned enterprise reform', and 'Internet finance'."

"But ......"

Zhou Kan paused, stared at the continuously changing market of the two cities, and then said: "Today, the banking sector in the field of 'big finance' is very strong, and the funds are being undertaken wave after wave, but I don't know whether it is the main force of the 'national team' that is operating to protect the disk, or the hedging funds in the field are switching between high and low. ”

"If it is the 'national team' disk protection operation, then there is nothing to say, it can be protected for a while, but it can't be protected for a lifetime, and when the market recovers slightly, the banking sector will definitely make up for the fall."

"But if it is the spontaneous behavior of the main funds in the market, then this change in the banking sector should still be a little continuous, right?"

】

Xu Shen pondered for a moment and replied: "Although the valuation of the banking sector has been compressed to the extreme, falling into the lowest range of historical valuation, but the elasticity is very weak, unless the fundamentals of the entire banking industry have changed dramatically, it is difficult to have greater investment value, and as a market sentiment speculation, in the short term, elasticity limits the profit margin, this field is not inherently suitable for speculation." ”

"When we choose opportunities and invest money, we are actually giving up some opportunities at the same time."

"As a field of 'big finance' with weak flexibility and huge funds swallowed up by market launches, I will not choose to intervene unless there is important good news with certainty."

Xu Shen paused for a while and continued: "In our trading, there is no need to chase every investment opportunity, we still have to know how to give up the small and grasp the big, the current market development stage, the 'big finance' rebound market, just like a small blister on the lake of the entire financial trading market, you go to chase a small blister, not only the high probability of not being able to catch anything, but also the great probability of drowning yourself." ”

"Just keep an eye on the trend of the two core main lines of 'infrastructure' and 'state-owned enterprise reform'."

"I estimate that these two core main lines have been killed to the end, and the chip structure of the relevant core components of stocks has been readjusted, and it is estimated that the market adjustment will be over."

"Although the whole market situation is very miserable."

"But if you look closely, you will find that the overall trend of the entire market is still led by the two core main lines of 'infrastructure' and 'state-owned enterprise reform', which shows that the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have not decreased market attention, and they are still the pulse center of market changes."

"So, it's likely to be for a long time to come."

"The two core main lines of 'infrastructure' and 'state-owned enterprise reform' should still be the leading areas of market development, and we only need to keep an eye on the market changes of these two core main lines to grasp the pulse of the market and make the right investment strategy choice."

"Okay!" Zhou Kan saw Xu Shen say this, so he gave up his attention to the banking sector and responded, "The market index is not supported at 2300 points, and the expectations below 2200 points are very strong, I don't know if it can hold up?" ”

Xu Shen smiled and said: "Guess the top and guess the bottom, that's the behavior of retail investors, we just need to follow the trend and pay attention to the changes in the market news, but according to the historical performance of the market, the so-called support level that everyone expects to be more consistent, either the index will not be adjusted at the time, or there is a high probability that it will be broken down." ”

"I think so." Zhou Kan nodded, "If the regulator does not intervene strongly in the market trend, there is a high probability that 2200 points will not be able to hold it." ”

"But ......"

Zhou Kan thought for a while, and said: "After two months of market trend changes, judging from the future trend, the bottom of the chips is still completely loosened by this round of market, which should be very beneficial to the new market trend after the end of the market adjustment in the future." ”

"At the same time, from the analysis of the market chip structure, the bull market has actually begun to have traces."

"On the whole, the market is slightly pessimistic in the short term, but in terms of the long-term trend, it is actually relatively optimistic."

"I agree." Xu Shen nodded and said, "After the promulgation of the 'New Nine Articles', all expectations on the macro side are gradually getting better, but it takes time for market confidence to recover, and it will take time for the market to develop and establish a long-term bullish trend." ”

During the brief discussion between the two, the market trading time had entered 10:02.

I saw that after half an hour of trading in the morning, the Shanghai Composite Index has fallen to around 1.75%, approaching a 2% decline, while the ChiNext Index has fallen below 2%, as for the "infrastructure", "state-owned enterprise reform", "Internet finance" and other core main lines, it has been mourning all over the wilderness, related popular stocks, such as "Beixin Road and Bridge, Shanghai Sanmao, Beijiang Jiaotong Construction" and other votes, have all been hit to the fall limit.

", I've been hammered continuously, I'm really convinced, hurry up, drop to 2200 points in one breath!"

Different from the relatively optimistic expectations and judgments of many major institutions, among the majority of retail investors, complaints and panic are still heard.

"With this garbage trend, do you think you can hold it if it falls to 2200 points? Dream! ”

"Looking at the market, in fact, the index has not fallen badly, but the individual stocks are miserable, and I don't know what's going on, the number of stocks in the two cities is almost more than 20, and almost all of them are popular stocks in the market."

"The Shanghai Index fell to see, that is because of the banking sector support, nearly 2,000 stocks in the two cities, more than 1,500 are in a state of decline, this market can not be miserable, and then look at the decline of the GEM, this is the real performance, anyway, I am unconditionally cleared."

"Indeed, the banking sector is too shameless, and in this case, it is still red."

"There will be no result in protecting the disk, the more the disk is protected, the worse it will fall later, look at it...... The banking sector will definitely make up for the decline sharply, and the 'big finance' field really can't go. ”

"Liquidation is the only right choice, and staying in the market will only lead to more losses."

"At this time, you can't have any illusions, yes, liquidation is the only right choice."

"Hey, the key is that it can't be sold!"

"Unlucky, I ate two stops in a row, I knew that when I knew the day before yesterday, I should have gone directly, but now I was completely trapped."

"The rebound in the downtrend is the poison that induces everyone to chase higher."

"It's not just poison, it's wine."

"Hey, this trend is impossible to go up again, sell it, sell it......"

", the two main lines of 'infrastructure' and 'state-owned enterprise reform' related to various industry sectors, the total net outflow of main funds is 2.5 billion, what a special ...... It's only been half an hour, if you wait until the afternoon closes, the net outflow of this main capital must not exceed 5 billion? It's horrible! ”

"The main funds in the field have already started to run."

"Indeed, before the news of the IPO restart was released, the main funds in the field began to run, and now the main force running is already an afterthought."

"The main force running at the moment should be the same as everyone else, they are all out of the game."

"Even the main forces have been cut out of the game, doesn't this happen to prove that the market has no hope at all?"

"There is no hope, look at it like this, it is estimated that the support of 2200 points may not be able to hold up, and if you lose much, it is indeed the best choice to cut the meat and stop the loss."

"If the index can't even hold up to 2,200 points, then those who have lost a lot can also stop losses unconditionally."

"Sell now, wait until 2200 points, or buy it back below 2200 points, isn't this profitable? It's enough to make the cost much lower. ”

"How can there be such a cheap thing, I want to say stop loss, stop loss, don't think about buying back, such a mentality is easy to mess up."

"Indeed, stop loss on stop loss, thinking about buying back, it is estimated that when the market rebounds halfway, I must not be able to help it when I see the stock price of my position soaring."

"This is true, I am on the Beixin Road Bridge, I just want to do t, and the more t it is, the higher the cost."

"Is there really no hope?"

"Even the main funds in the field are constantly running away, where is the hope? Before, everyone just held unrealistic hopes in their hearts, which is not ...... Have they all been harvested by the main force? ”

"It is said that the more the market falls, the greater the volume, why is the market falling a lot today, but shrinking?"

"This is because the funds that have been sold have not re-entered the market after the sell-off, and the market funds have continued to show a net outflow, and the wait-and-see sentiment of over-the-counter funds has become stronger and stronger, which has caused the attenuation of market volume?"

"The amount can decay like this, and when the short-term hedging disk is deposited to a huge magnitude, I'm afraid the market will fall into the previous downward trend, right?"

"Needless to say, for sure!"

"After the quick knife cuts the meat, the blunt knife cuts the meat, and the market in each round is about the same."

"This round of 'infrastructure' and 'state-owned enterprise reform'-led rise in the market feels too similar to last year's 'mobile Internet' and 'smart phone industry chain' dominated by the market."

"It's really too similar, look at the main concept stocks of 'mobile Internet' and 'smartphone industry chain', it's miserable!"

"To put it bluntly, in the past two years, the market has not come out of a comprehensive continuous general rise at all."

"Yes, in essence, it has always been the local market in the interpretation."

"Hey, it's because it's a local market, so the 'bull market' has no hope at all, and the market can only go round after round of rebound and fall."

"Without changing the market ecology, there can be no bull market at all."

"Indeed, but the change of market ecology requires countless real money to smash, who wants to?"

"In fact, this round saw that the Shanghai Index could break through 2,500 points, and the local market changed from a full-fledged market, and the result was really forced to be directly beaten down by the regulator using the news of 'IPO restart'."

"It turns out that the regulators and the market 'national team' don't have any long-term vision."

"Don't talk about whether these are useful or not, is it still useful to analyze these at this time? One word, 'sell' on the line! ”

"Hey, I can only be willing to gamble and lose."

"Our big A, the beautiful name is the investment market, in fact, to put it bluntly, it is still a casino with huge speculative attributes, and the market is guided by the market, whether it is the 'national team' or the major major institutions, or even the group of tourists, all of them want to use their financial advantages to harvest retail investors, and they have never thought about long-term investment."

"The big A ecology is like this, there is no way to do it."

"Unless you don't enter, you will be cut off."

"After this clearance, I really don't want to enter the market, it's too difficult."

"Hey, every time I believe in the bull market, it is the time when it is cut the worst, and after this clearance, I don't believe in these institutions and the propaganda of the financial media anymore."

"If the Shanghai Index is not at 2,500 points, I will not enter again."

"Yes, we must wait for the Shanghai Composite Index to stand firm at 2,500 points, and the market may have a huge turnaround."

"I'm staring at Mr. Su's 'Fortune Road' seat operation anyway, as long as Mr. Su's 'Fortune Road' seat is sold, then I will unconditionally clear the position, as long as Mr. Su's 'Fortune Road' is bought, then I will buy unconditionally, and the rest, what 'bull market', what trend, fundamentals, I don't believe in it, I don't listen to it."

"Yes, yes, it is really wise to follow Mr. Su's operation."

"Mr. Su is definitely the first light in the market, it seems that the 'wealth road' has not been missed once, and every buying and selling point is extremely accurate."

"This is the style of the market boss!"

"It's a pity that the market has fallen so badly today, and most of the reason is caused by Mr. Su's 'wealth road'."

"Can you blame Mr. Su for this? The downward trend of the market has been formed, even if Mr. Su does not sell, the other main funds in the field will run like crazy. ”

In the heated discussion of many retail investor groups, almost one-sided bearish remarks.

At 10:15, the market, which was already in a comprehensive decline, once again ushered in a wave of rapid diving, and the decline of the Shanghai Composite Index expanded almost in a straight line to more than 2%.