"This morning's market trend is really bullish!" In the refresh of the group message, some people sighed.

"In terms of the market investment sentiment before the morning market, as well as the direction of market investment, who would have thought that the noon close would be such a situation?"

"Boom and bust, too much, the line of 'technological growth' in recent days really fully interprets this."

"I have to say that Su is always a real bull, and he accurately predicts the market turn every time."

"I seriously doubt that today's market trend in the direction of 'big infrastructure' and 'military industry' is behind the 'Yuhang Department' funds led by Mr. Su."

"The lure must also have group funds to follow the trend, so as to form a real turn in the market!"

"It is not so much the result of the change in the direction of the market caused by Mr. Su's 'Yuhang system' capital inducement, it is better to say that this is the result of the collective efforts of market funds."

"I felt the main line of 'technological growth' before, and there were some problems in the market trend, as expected."

"The day before yesterday, yesterday, the line of 'scientific and technological growth' was a bit of a forced pull, and today's high-level collapse of this main line is actually traceable."

"Indeed, especially the check of 'LETV', the recent trend, the signs of this forcible pull to lure more, are quite obvious."

"The main line of 'scientific and technological growth', today's killing is so ruthless, the short- and medium-term trend should be over, right?"

"It must be the end, the line of 'science and technology growth', all morning, I don't know how much of the funds are buried, the chip peak above has been formed, and now the main line of 'big infrastructure' has been launched, and the active capital flow of the entire market has been attracted to the direction of the main board of the Shanghai Stock Exchange, and it is impossible to have a greater capital undertaking force than this morning, and then liberate the chips above the quilt in a short period of time, so the line of 'science and technology growth', there must be no market to count on in the short term."

"But there are really a lot of major institutions that have recently increased their positions on the main line of 'technology growth', and I don't know what to do next...... Will these intervening main institutions save themselves and forcibly maintain the disk? ”

"The position targets of the main institutions, and even the investment expectations, should not be short-term, and it is difficult for them to maintain the short-term market market."

"The active capital flow of the entire market, at this moment has been attracted by the main line of the main board of the Shanghai Stock Exchange, and after the mood brewing at noon, as well as the whole morning of the "big infrastructure", "military industry" direction of the money-making effect, after the afternoon opening, the two directions of emotional expectations and speculation, ironclad will only be higher, plus the market is not currently getting rid of the pattern of the 'stock game', this situation ...... Even if the main institutions involved in the main line of 'technological growth' want to forcibly maintain the disk, I am afraid that they will not be able to do it, right? After all, the market really doesn't have so much incremental funds, which can support the simultaneous development of the two main lines. ”

"It stands to reason that if the market incremental funds are sufficient, the market will not always be a seesaw effect."

"Those who hold the line of chips of 'technology growth' are better to take profit immediately, and then have higher expectations, I am afraid that they will only be disappointed."

"I feel that the two hot sectors of 'Internet finance' and 'e-commerce' can still be taken a second look."

"Well, the trend of 'Hengsheng Electronics' is obviously not over at present."

"'Sanjiang Shopping' and 'Pegasus International' feel that there is also hope for resealing."

"The main avoidance is still obviously in the short-term high of the two major industry sectors of 'film and television media' and 'Internet software', of course, ...... the 'Apple concept' sector should also be avoided."

"The gentleman does not stand under the wall, since the line of 'scientific and technological growth' has turned from strong to weak, then there is no need to buy strong concept stocks in the case of a weak main line.

"Indeed, to go to the weak and stay strong, this is not only the choice of individual stocks, but also in the main line concept."

"Just talking about the two lines of 'big infrastructure' and 'military industry', which stock targets are you optimistic about?"

"The check of 'Fushun Special Steel' is definitely the core speculation stock of this round of market, and the other ...... 'Northern Xinjiang Communications Construction', the old demon stock in the early stage, as well as the checks of 'Tianshan Cement', 'Hongdu Airlines', and 'Chengfei Integration', are all relatively explosive potential at present."

"Huaguo China Metallurgical, Huaguo Railway Construction, and Huaguo Communications Construction, these super-large-cap stocks, the trend is also terrifying!"

"These cheques are too big, this is the main battlefield of the institution, our market small shrimp, or the main focus on the concept of stocks with a market value of less than 10 billion, it is more prudent."

"It's a pity that the 'Fushun Special Steel' limit is too early, and there is no hope of intervention in the afternoon."

"I think it can be not limited to the direction of 'military industry' and 'infrastructure', and the market seems to be under pressure to break through the 2300 points this time, so ...... Other market bottom-buying areas can also be actively participated, and the scope of "infrastructure" direction is so wide, "public transportation", "high-speed rail", "port transportation" and other conceptual plates that have not changed much in the morning can also participate! ”

"Hey, this idea is not bad, especially the 'port transportation' sector, which belongs to the category of 'large infrastructure', but it has been silent for a long time since last year's 'Shanghai Free Trade Zone' after a wave of hype, that is, ...... The specific target is not easy to choose, and everyone's expectations in this direction, the logic is still stuck in the 'free trade zone'. ”

"What about 'high-speed rail'? This is the country's main business card this year. ”

"There is also 'reform and reorganization of state-owned enterprises and central enterprises', which can also be extended to hype."

"In fact, after careful analysis, in the direction of the main board, there are really a lot of sectors and concepts with hype logic, and the stock price position is relatively low."

"Indeed, it was not speculated before, and it was still the line of 'technological growth', which siphoned too much active funds in the market, and everyone's attention was not in the direction of the main board, right?"

"In the direction of the main board, there has been no continuous market, I think it is still in the second half of last year, the Shenzhen market, especially the independent market trend of the 'gem', the impact on the market investment logic, as well as the investment sentiment and investment thinking of the majority of investors in the market, has too much impact, resulting in everyone for the main board direction of a number of low-valuation weight stocks, there is no corresponding investment expectation, and without investment expectations, it is naturally difficult to have a sustainable market."

"This is the truth, in the direction of the main board, in the past two or three years, the only wave of effective rebound is still in April and May, Su Zong's 'Yuhang Department' funds traction disk, played."

"It is precisely that wave of continuous rebound that has loosened the chips of many weighted stocks in the direction of the main board!"

"Yes, it is because of the last wave of effective rebound that today's main board's 'large infrastructure' and 'military industry' can instantly burst out of this kind of undertaking capacity and quickly gather market investment sentiment, right?"

"Without the lure of Mr. Su's 'Yuhang Department', I estimate that the Shanghai Index at this moment is likely to hover around 2,000 points."

"The market has come to the present, and it is good to 'switch between high and low'."

"Of course, without the Shanghai Composite Index as a market support, the line of 'technology growth', in fact, there is no way to go far."

"I feel that today's wave of 'big infrastructure' is more difficult than the two days after the Dragon Boat Festival, as well as the start of the market in April and May, especially the central enterprises and state-owned enterprises with the prefix of "Huaguo Construction, Huaguo Railway Construction, Huaguo Metallurgical Construction, Huaguo Communications Construction, Huaguo China Railway ......", this plate is really amazing, and the check of "Huaguo Construction" alone, before the close of the afternoon at noon, in the last few minutes, it has frantically absorbed more than 100 million large capital inflows!"

"The 'real estate' sector is also moving, and heavyweight real estate companies such as Poly Real Estate, Kewan Real Estate, and Gemdale Group are all moving in the few minutes of the noon close."

"These ...... But they're all super cap stocks! Could it be that the 'national team' has entered the market and increased its position? ”

"It's hard to say, but this kind of situation in the entire main line field, a large number of heavyweight state-owned enterprises and central enterprises stocks are concentrated and rising, and it is by no means simple."

"The concept of 'reform and reorganization of state-owned enterprises and central enterprises' can be squeezed into the forefront of the market concept plate rise list, it is strange to be simple, I feel that the underlying investment logic of the market is changing, but I don't know if these funds flocking to the weight of the market, can really continue, and spread out this underlying logic in depth, so that the majority of investors in the market are paying attention, and gradually and slowly realizing it, and finally forming a relatively convergent consensus expectation."

"Is the underlying investment logic changing? Refers to...... Blue chip revaluation? ”

"It is not necessarily a revaluation of value, but in the case of the gradual deepening of the macro policy direction of the reform and reorganization of state-owned enterprises and central enterprises, blue-chip weighted stocks also have a good expectation and imagination space, and at the same time, under the macroeconomic strategic planning of the 'Silk Road in the new era', the fundamental logic of many weighted blue-chip stocks will also have a huge improvement, all in all...... Even in the traditional field, new vigor can emerge, and beautiful concept stories can be told. ”

", it's really a word to wake up the dreamer, the market won't really change like this, right? From one extreme, and then to another? ”

"Whether it can change like this depends on whether the 'pendulum effect' of the market will be fulfilled."

"If the blue-chip market collectively changes, and the underlying investment logic of the market's original focus on 'growth' changes, will the 'bull market' predicted by Mr. Su appear?"

"There is no sign of a 'bull market' yet, but it is not unexpected."

"I always feel that after the Shanghai Composite Index jumps above 2,300 points, there is a high probability that it will not go back in the future."

"Haha, hopefully, I hope that this wave of the Shanghai Index can break through the highs of the last round of rebound, break through the 2,500-point range suppression, and really play the bull market expectations."

In the extremely heated discussion and the interpretation of the rapidly refreshing group news, time also moved forward quickly.

Before you know it, it's 12:36.

At this time, in the face of the change in sentiment of the entire market in the direction of the main board's 'big infrastructure' and 'military industry', as well as the development of more and more market rhetoric that is bearish about 'technology growth', there are also many investors who frequently complain about the impact of the topic of chasing the main line of 'technology growth' in the morning.

Shenzhen market, inside Pingyin Asset Management, the main fund trading room.

Liu Ziliang, general manager of the asset management business, kept refreshing the market news, and felt more and more bad in his heart.

"Mr. Liu, the market sentiment is completely shifting to the direction of the main board's 'infrastructure', and on the market news, there are more and more rumors about 'accelerating urbanization construction and continuing to loosen the property market'." When Liu Ziliang frowned and thought about the corresponding countermeasures, fund manager Chen Shen reported in a slightly panicked manner, "There are still ...... I heard that the State Administration of Radio, Film and Television is going to introduce new regulations on the supervision of Internet TV, which is the number one heavy stock of our fund'LeTV', but it is absolutely bad news, we are now ...... What should I do? ”

Liu Ziliang raised his head and glared at Chen Shen, and responded: "Don't listen to the wind and rain, the previous five ministries and commissions have just issued a series of stimulus policies in the field of 'film and television media', and now the State Administration of Radio, Film and Television is about to introduce new regulations to regulate and inhibit the development of Internet TV, isn't this a mess?" Do you believe this kind of news? ”

"It's not that we believe it or not." Chen Shen said, "The key is...... A group of retail investors who are unclear in the market, as well as other investors who hold positions in the stock of LeTV, believe it, and that's it, after all, once the expectation is formed, it will be really difficult to reverse. ”

"Mr. Liu, why don't you contact Mr. Gao of 'E Fund', Mr. Shan of Huarui Public Fund, and Mr. Ning of the Investment Strategy Department of CEFC Securities...... Let's discuss, if the market continues according to the trend of the market in the morning, then we are afraid that we will not have good fruit to eat. ”

"Okay!" Liu Ziliang nodded.

Then, taking advantage of the fact that the market had not officially opened, I quickly dialed the phone number of several people.

"Mr. Liu, there is no way, we can't go against the market trend, and it is no longer realistic to forcibly pull up at this time." Mr. Gao of 'E Fund' said on the phone, "Respect the market, the line of 'technology growth', in the long run, still has investment value, and the expectation is not bad, maybe after a wave of adjustment, the market will rotate and switch to this direction?" ”

"Mr. Liu, the market has been switched in terms of market rotation, and to be honest, we really can't do anything." Mr. Shan of Huarui Public Fund also said on the phone, "Why don't you ...... Temporarily give up the idea of increasing positions on the line of 'technology growth', follow the trend, follow up the main board and give it a try, after all, we are not too deeply involved in the line of 'technology growth', and the market has just turned, and it is still too late to retreat at this time! ”

Mr. Ning, the strategic investment department of CEFC Securities, responded quite concisely on the phone, only to see the other party sigh lightly and say: "Lao Liu, I advise you to withdraw quickly, the market trend has really changed this time." ”

After speaking, Mr. Ning hung up the phone, and it seemed that there were some other allusions in his words.

Liu Ziliang saw that he was at the dinner table two days ago, and he was unanimously optimistic about the development of the main line of 'science and technology growth', and threatened to increase his position to follow and jointly build the main line of the market's 'science and technology growth'.

"Mr. Liu, how is it, they ...... What do you say? Chen Shen saw that Liu Ziliang's face was getting worse and worse, and asked urgently.

Liu Ziliang held the phone, his face sank, and he didn't answer for a while, still weighing the pros and cons in his heart and thinking about a suitable trading strategy.

After the Dragon Boat Festival, on the main line of 'technological growth' in the market.

Their "Pingyin Asset Management Department" is the most rapid to increase positions, and in the market, on the line of "technology growth", the core several heavyweight stocks, such as "LeTV, Huayi Brothers, Netspeed Technology, Crystal Optoelectronics" and other tickets, are all guided by their institutions' funds.

Now, the market has turned, and the liquidity on the line of 'tech growth' has been greatly reduced.

At this time, as they are too deeply involved in the field of heavy positions, if they also follow all kinds of funds to take the lead in the fall, then the performance of the whole market will be even more miserable.

In short, it is an overweight position, through the active killing of the exit mode.

If you don't shed a layer of skin, you can't get out at all.

This is also a common problem that after the main force of large funds in the market is deeply involved in a stock, it suddenly finds that it is difficult to open up the speculation space and it is difficult to turn around and retreat.

Again, it's for this reason.

The "Yuhang Department" funds can only stick to the main line of "big infrastructure", and cannot flexibly adjust the layout of the position when the market rotates to the line of "science and technology growth", and even change the direction of investment on a large scale, because once the liquidity in the main line of their own heavy positions is lacking, it is to lift a stone to shoot themselves in the foot, and the loss will be more painful than sticking to it, or the pallet of appropriateness.

But the pallet ......

In the case of the original allies defecting one after another, the funds of their 'Pingyin Asset Management Department' could not be supported.

"I'll see when the market opens in the afternoon." After weighing it for a long time, Liu Ziliang still couldn't make up his mind to cut his position at this time, and said, "The market trend of the peripheral market is still changing around the main line of 'technological growth', and short-term adjustments will not affect the long-term trend, let alone ...... With the current stock game situation in the market, I don't believe that the main board weighted stocks can form a plate effect and get out of the sustainable market, as long as the direction of the main board, especially in the field of 'infrastructure' and 'military industry', the rebound sentiment is exhausted, and the direction of market rotation will return to the line of 'technological growth' sooner or later. ”

"But Mr. Liu, in case ......" Chen Shen wanted to say something.

Liu Ziliang couldn't help but quickly waved his hand, interrupted his words, and said: "Needless to say, according to this strategy, at this time, it is unrealistic to adjust the position to pursue the 'infrastructure' and 'military industry', and at the same time, these two lines, no matter how to analyze, there is no logic of long-term development. Military's give a siphon off. ”

"The 'Yuhang Department' is a capital entrenched in 'infrastructure' and 'military industry'."

"I'm waiting for you to do that."

"Moreover, I can feel that today's unprovoked changes in 'infrastructure' and 'military industry' are most likely guided by the funds of the 'Yuhang Department'."

"We can't fall for the trick and destroy the Great Wall."

Chen Shen saw that Liu Ziliang had already said this, and knew that he couldn't persuade him, so he couldn't help but sigh softly, so he stopped talking, and reluctantly turned his gaze to the trading interface of the two cities again.

I saw this time......

The time has shifted to 1 o'clock in the afternoon, and the two markets ushered in the official trading session in the afternoon.