"It's a bit unexpected!"

At 9:15 a.m., within Yuhang, Yuhang Investment Company, in the main fund trading room, Li Meng looked at the two cities that began to beat again, and said with a little surprise: "The whole market is generally about 1 point higher, among which the core main concept of 'infrastructure', 'state-owned enterprise reform', 'Internet finance' led by several core main concept related industry plates, concept plates, mostly in the rise of about 1.2 points, is really a little ...... It's more than expected! ”

Su Yu smiled lightly, there was no obvious fluctuation on his face, and he continued: "This high-opening situation can be maintained, which can be regarded as a big excess of expectations." ”

"What do you mean...... This situation cannot be maintained until the end of the call auction? Li Meng asked.

Su Yu responded: "It's difficult, the trend of the periphery is good and stimulating, usually the first time to open, is the high point of market sentiment, and then with the passage of trading time, this investment sentiment will only continue to exhaust, plus the market at the moment, whether it is the group of tourists, the main force of institutions, or the majority of retail groups, the pursuit of market hotspots, the willingness to undertake at a high level, is not strong, so ...... It is basically unrealistic for the market to maintain this level of high opening gains under the stimulation of the positive trend in the periphery. ”

With Su Yu's voice, the market trading time has crossed 9:16.

I saw that the pattern of the two cities opened high across the board has fallen significantly, and the rise of the industry sectors and concept plates related to the core main lines of "infrastructure", "state-owned enterprise reform" and "Internet finance" has shrunk to about 1%, and the index of other main lines, industry sectors and concept plates has fallen back to less than 1%, among them, several major industry sectors in the field of "big finance" have fallen back to near the flat.

As for a number of popular stocks such as Beixin Road and Bridge, Beijiang Communications Construction, Shanghai Sanmao, Kumho Group, etc.

At this moment, there have been large-scale sell-offs on the disk, suppressing the stock price to continue to fall, so that the high opening of these stocks is in a sharp downward trend.

"That's true!" Li Meng saw that the reaction of the market was indeed the same as Su Yu's prediction, and said with a chuckle, "Look at this situation, before 9:20, I am afraid that the overall increase in the market will fall back to less than 0.5%, sure enough...... I still looked at the reaction of the market sentiment. ”

"That's the power of trends!" Su Yu said with a smile, "In an upward trend, the good will be amplified by the emotion, and in the downward trend, the good will be deliberately ignored. ”

"That's right!" Li Meng bowed slightly, "Judging from the trend of the market, it is obvious that the market has not fallen through, and the chip structure in the field is still quite chaotic, it seems that it is ...... The adjustment of the market will continue for a long time, and the 2200-point mark will most likely be reached. ”

"So, there's no need to rush." Su Yu smiled and said, "What we have is time to arrange the position." ”

After speaking, Su Yu turned his gaze to the trading interface of the two cities again.

I saw the big screen in the trading room, the trading time displayed, has been drawn to 9:19, the situation of the two cities opened high, is still continuing to fall, "infrastructure", "state-owned enterprise reform", "Internet finance" several core main line related to the industry sector, the concept of the index rise, have fallen to within 0.8%, among them, a number of concept of popular stocks on the disk, selling pressure is advancing with time, rapid increase.

Immediately after that, when the trading time was reached, it was 9:20.

I saw that after a large number of false pending orders, after a large number of cancellations in the time period from 9:19 to 9:20, the situation presented by the market has been completely different from the situation in the initial stage of the two cities at 9:15. The military industry's industry sector index, today's call auction continued to be weak, and it opened a little lower.

9:21, 9:22, 9:23......

With the advancement of the call auction trading time, the overall market trend is still in a continuous decline.

Finally, when 9:25 a.m. arrived, the call auction between the two cities ended.

After a 10-minute call auction, the Shanghai Composite Index finally settled at 2261.36 points, only 0.38% higher, while the Shenzhen Composite Index and the ChiNext Index opened 0.29% and 0.31% higher respectively.

Several major indices have performed like this......

Compared with the expectations of the majority of investors before the market and the early stage of the call auction between the two markets, the market showed a strong state, which can be said to be far from the strong state.

"Hey, the benefits of the 'Shanghai-Hong Kong Stock Connect', coupled with the sharp rise in the peripheral market across the board, can't bring A-shares, it's really hopeless!"

During the short suspension period from 9:25 to 9:30, the stock trading platform discussion area where the majority of retail investors gathered, and some retail investors who were disappointed in their expectations were helpless.

"Compared to U.S. stocks, Big A is simply a younger brother."

"U.S. stocks fluctuated and hovered back at new highs, but Big A has been looking for the bottom, and there is indeed a big gap."

"The pre-market sentiment was so good, last night the U.S. stock market rose more than 2 points across the board, and today's call auction only opened so high."

"It's good to be able to open high, and you can't expect too much!"

"It's not a question of extravagance, it's a trend pattern of the entire call auction, and there is indeed a problem!"

"From the beginning of the call auction at 9:15 to the end of the call auction at 9:25, the overall trend of the market is to continue to decline, such a trend...... It is estimated that the market will definitely continue to fall in the future, and this position is most likely not the bottom of the stage. ”

"The call auction trend has been going down, and it is estimated that today's intraday trend will definitely not be optimistic."

"This kind of call auction trend is estimated to be a wave of diving at the opening."

"On the whole, the market investment confidence is too weak, and as soon as the market rises slightly, the selling pressure above will emerge endlessly."

"It's no wonder that everyone's investment confidence is poor, there is no sustained money-making effect in this special market, how can this make everyone feel at ease to take over and invest funds to continue to follow the trend?"

"Buying stocks is the same as buying a house, buying up and not buying down."

"Yes, the weaker the stocks, the more they are abandoned by the main funds, but the stocks with a good upward trend, even if the valuation is slightly higher, can attract the continuous attention of the active main funds in the market, which should be the so-called 'the stronger the stronger, the weaker the weaker', right?"

"Not to mention that the call auction is lower than pre-market expectations, the key is that the volume and energy are still declining."

"This shows that the overall liquidity of the market is still decreasing, and the sentiment of the sidelines is getting stronger and stronger, and I feel that the funds that have been reduced are not willing to enter the market at this stage."

"If there is no continuous money-making effect, why enter the market? Watching the theater with an empty position...... Isn't it good? ”

"It makes sense, at this time, it is suitable to watch the show with an empty position."

"Damn, I also want to watch the show empty, but I'm dead, it hurts too much to cut the meat, so I can only carry it to death, hey...... I still hope that the market can turn around. ”

"Looking at the continuous decay of the volume and the declining attack of the capital, will the market enter the previous downward trend again, right?"

"It's really hard to say, but at the moment...... There are such signs! ”

"I hope not to enter the negative mode, otherwise there will really be only clearance and cancellation, and the market has fallen for several years, which is really too difficult."

"Let's take a look, I always feel that the market is not far from the inflection point."

"Of course, it is not far away, even if it falls to 2000 points, it will only be 10 points of index decline, but the key is not the index, but individual stocks, usually in the negative mode, the index does not fall much, but the individual stocks are miserable, the index falls 10%, and the individual stocks can fall by 50% It is uncertain."

"In general, no matter how the market goes next, it is not suitable for left-sided trading."

"Yes, patience and waiting for the opportunity on the right side is the safest."

"Hehe, the right side, in the volatile market, the so-called right side of the opportunity, most of them are the hill of the pick-up, just like this wave of market trends in April and May, those who were previously in the 2400 points, 2500 points around the investment group, isn't it the so-called right side of the opportunity to attack? Look at how these people are now? Almost all of them were wrapped around the top of the mountain, and I had to say...... At this time, neither the left nor the right side of the opportunity is suitable, and it is most appropriate to wait and see. ”

"However, although the trend of the call auction in the two cities is significantly lower than everyone's expectations before the market, it seems that in the market, the slightly stronger 'infrastructure', 'state-owned enterprise reform', and 'Internet finance' are related to the industry sectors and concept plates, as well as their popular constituent stocks and concept stocks, do have signs of bottoming out, and they have not fallen much."

"The so-called leading sector, that is, before the market adjustment, before the market bottomed, obviously, 'infrastructure', 'state-owned enterprise reform', the two most core hot main lines, there are such signs."

"The key is to see the overall trend of a large number of popular stocks of 'Beixin Road and Bridge, Beijiang Communications Construction, Kumho Group, Shanghai Construction Engineering, Huaxia Fortune, Huaguo Metallurgical ......'? Then let's judge whether the entire main line market related to it has bottomed out! ”

"Today's call auction trend of Beixin Road and Bridge doesn't seem to be so bad."

"There have been several consecutive down limits, and the stock price has almost halved from its high, how bad can it be?"

"It's really not bad, but it doesn't show a strong state, and I don't think the stock price has fallen or not...... It is safest to continue to wait and see. ”

In the fierce discussion of the vast number of retail investors and investors......

The short five-minute suspension time from 9:25 to 9:30 a.m. passed in a blink of an eye, and the two cities ushered in an official continuous auction transaction.

I saw that under the short mood brewing for 5 minutes.

As soon as the stagnant disks of the two markets jumped, a number of high-profile hot stocks with relatively abundant liquidity in the market all encountered a relatively concentrated sell-off.

Immediately afterwards, at 9:32, the Shanghai Composite Index lightning slipped to 2253 points, recovering all the gains from the higher opening.

At 9:33, the Shanghai Composite Index turned green, and the market showed a more obvious opening diving trend, and the core popular stocks, Beixin Road and Bridge, fell again, and in 3 minutes, it fell by 3 points.

At 9:35, the three major indices of the Shanghai Index, the Shenzhen Index and the ChiNext Index all turned green.

At 9:37, a number of conceptual sectors and industry sectors related to the two core main lines of the market, "infrastructure" and "state-owned enterprise reform", also began to show an obvious rapid downward trend, among them, the real estate sector index fell from a 0.49% increase to a 0.35% decline underwater.

At 9:40, the Shanghai Composite Index fell to 0.33%, hitting the 2,250 mark again.

At 9:45, under the condition that the overall market of the two cities continued to decline, the over-falling 'growth stocks' in the direction of the small and medium-sized board and the gem began to rise rapidly, showing some performance.

At 9:53, the concept of 'venture capital' in the market has changed.

At 9:58, the 'military' industry sector, which had already fallen to the top of the list of decliners in the two cities, also began to show a more obvious straight-line upward movement.

At 10:05, the fields of 'coal' and 'non-ferrous metals', which have been falling for almost one and a half years, have changed.

At 10:12, the 'Coal Flying Color Dance' market showed signs, and the two core main lines of 'infrastructure' and 'state-owned enterprise reform' began to ebb again.

At 10:20, thanks to the frequent changes in many main line markets, the Shanghai Composite Index began to rebound sharply again after reaching the lowest level of 2244.79 points, recovering the 2250 point mark, and at this time, the overall market performance has been completely different from the time of the two markets at 9:25.

At 10:32, the Shanghai Composite Index turned red again after underwater.

At 10:41, the market temporarily established the market promotion with the core of the "Coal Flying Color Dance", and the main funds that are still active in the field began to continue to converge in these two areas.

At 10:55, the Shanghai Composite Index returned to 2260 points.

At 11:02, the Shanghai Composite Index broke through the gains at the beginning of the session, refreshing the intraday rebound to a new high, and at this moment, the hot spot of the market has also spread from the "coal flying color dance" to all the "super falling" industry plates, concept plates, and even the "military" sector that has been continuously sold off by the main funds on a large scale, at this moment, it is also in the "super fall rebound" main line market, crawling out of the water and beginning to turn red.

"I thought that this morning's market trend would repeat yesterday afternoon's market performance, but I didn't expect it...... After the Shanghai Index actually dived, it was retracted from the water. Seeing that the market trend is not as bad as I imagined, at this moment, in the magic capital, inside Zexi Investment Company, in the main fund trading room, fund manager Zhou Kan was slightly surprised, "It seems that the market is still somewhat resilient in this position, it is estimated that even if the trend is repeated, there should not be a continuous plunge of 2 or 3 points in the early stage, right?" ”

Next to Zhou Kan, Xu Shen, who was also staring at the trend of the two markets, was silent for a moment, and responded: "This morning, the market has indeed shown a certain degree of resilience, the market long and short sentiment, and the long and short attitude of the majority of investors towards the market outlook, have also begun to have certain differences, and there is no such strong consistent expected performance." ”

"But ......"

Xu Shen pondered for a while, and then said: "The hot spot on the market is still very scattered, and from the perspective of the market performance in the past few days, there is no intraday hot spot that has played a continuous money-making effect, so before the market hot spot has not shown any continuity, the index will definitely continue to repeat." ”

"But overall, this should be a sign that the index has entered the second phase."

"That is, the main decline stage of the market has passed, and most of the subsequent small shock adjustment cycle is a small shock adjustment cycle with time for space, which is also the so-called left side of the opportunity stage."

Source change app】

"Then we ......" Zhou Kan paused, and then asked, "Do you need to adjust your trading strategy appropriately?" ”

Xu Shen thought about it, but still suppressed the impulse in his heart, and said: "Although the opportunity to build a position on the left side of the market has gradually become prominent, in the market shock cycle of time for space, we are not sure which one or which ones will be the main line of continuous money-making effect that may come out in the future?" ”

"This also means that we are currently unable to determine the main line of follow-up investment and cannot carry out position layout."

"My opinion is...... Take another look. ”

"A good meal is not afraid of being late, after the market adjustment, re-building the bottom, it is impossible to achieve it overnight, we should have time, don't be in such a hurry."

"It's better to see clearly and start before you start than to build a position indiscriminately and miss more opportunities."

"Okay!" Zhou Kan responded, "Then wait a little longer!" ”

"But ......" Zhou Kan paused for a while, stared at the changes in the two markets, pondered for a while, and then asked, "Mr. Xu thinks that the next market has a continuous money-making effect, can lead the market speculation, rebuild market investment confidence, and lead the market to break through the core hype main line, which direction will appear?" ”

Xu Shen carefully looked at the changes in the market for a while, and replied: "For the time being, it should be ......."

The word 'unknown' has not yet come out of his mouth.

Suddenly, in the field of the 'military' industry, the abnormal trend of many core constituent stocks instantly attracted his attention, causing him to swallow those two words back again, and a trace of excitement and sharp light gradually appeared in his eyes, as if suddenly, he saw a hunter who was happy to prey.