"Well, indeed." Mu Zhengxing responded, and said, "But since the market trend has begun to change, all we can do is to follow, right?" ”

Fang Xinsheng nodded and said: "Well, at the same time, in the process of reducing positions and taking profits of the 'Manniu No. 1' fund, it is time to gradually lay out the core main line of the market of 'big finance', and the main line of the market of 'big infrastructure' has entered the adjustment stage, and the market will inevitably switch between high and low." ”

"Good!" Mu Zhengxing responded.

Then, he immediately instructed the two groups of traders in the main fund trading room to quickly adjust their positions according to the investment strategy mentioned by Fang Xinsheng.

In Xinniu Fund Company, it began to change its investment strategy and sell off its "big infrastructure" stocks.

Follow up on the time to increase the position of the main line stocks of 'big finance'.

Many other large institutional groups in the industry, as well as the vast number of retail investors who have envied the fiery money-making effect of the main line of 'big infrastructure' and have not found a suitable opportunity to intervene, are not only not afraid and feel the risk when they see the obvious pullback of the core stocks of the main line of 'big infrastructure'.

On the contrary, they showed excited and excited looks, and continued to invest funds to buy the bottom to undertake the core concept stocks of the main line of 'big infrastructure' in the callback.

Among them, especially in the main line of 'big infrastructure' before, the position is obviously insufficient.

The reflexes are not so sharp.

In this consecutive quarter, the main institutional groups that have broken out in the main line of 'big infrastructure', as well as some institutional groups that have issued new fund products and have also failed to find suitable opportunities to build positions and intervene, have continued to increase their positions at this moment, which is very strong.

Of course, there is obvious selling pressure on the main line of 'big infrastructure', and the market trend is pulling back.

The vast majority of market participants and investors are not aware of the huge risk of a pullback on this main line, or because the line of 'large infrastructure' has formed a consensus of market expectations in a continuous rise for a quarter.

We have formed the inertial thinking that the main line of 'big infrastructure' will continue to rise, and the market will always make money, and it will always converge in this main line field.

"Boss, I feel that the main line of today's 'big infrastructure' is a little abnormal compared with usual!"

In the whole main line of 'big infrastructure', the corresponding concept plates, industry sectors, and their core stocks continue to explode, and the stock prices have pulled back lower, at about 10 o'clock in the morning, at this moment, Yanjing, Yihe Capital Company, the main fund trading room, has been in the main line of 'big infrastructure' in the main line of the fund trading team leader Gao Xiang frowned, turned his eyes to the fund manager Chen Yihe, and said: "Our fund continues to increase its position in several stocks, and today's disk performance, the amount of selling can increase a lot. Feeling affected by the sharp decline in the external market, the profit funds gathered on these stocks have begun to flee and retreat. ”

"It doesn't matter." Chen Yihe said, "Now the A-share index and the market market are not too close to the US stocks, and at the same time, the basic investment logic of the 'big infrastructure' line has not changed, not only has it not changed, but it is still increasing, and at the same time, the market volume and the financing balance of the two cities are also continuing to grow."

And this gives the line of 'big infrastructure', quite a strong capital undertaking force.

As long as the incremental funds pouring into the market are still converging on the main line of 'big infrastructure', as long as the market volume can be maintained at more than 350 billion, then the main line of investment in 'big infrastructure' is nothing to worry about, in fact, according to the trend of the previous period of time.

'Big infrastructure' is the core theme of the market.

In the case that the basic investment logic is still there, and the expectations are still strong.

All pullback opportunities can be regarded as good opportunities to increase positions and increase positions, which has been verified more than once in previous market trends. ”

"What does the boss mean...... Do we continue to add to our positions? Gao Xiang asked with some surprise.

Chen Yihe smiled and said: "Naturally, we will continue to increase our positions, and the market's 'bull market' expectations are getting stronger and stronger. Since there is none...... So why not continue to increase your longs?

As long as the expectation of a 'bull market' is getting stronger and stronger.

As long as the hot money-making effect of the 'big infrastructure' line is still there, then, even if this line briefly enters the adjustment, it will soon return to the upward channel and quickly recover today's intraday decline.

In short, no matter which aspect of the analysis, the correct thing for us to do at this time is to continue to increase our positions, rather than wait and see to waste this opportunity, let alone reduce our fears.

In fact, the Shanghai Index is in this position, and the two cities have such a high amount of active funds.

There's nothing to fear. ”

"Okay!" Gao Xiang, the leader of the trading team, thought for a while and said, "Since the boss thinks it's okay, let's continue to implement our previous trading strategy." ”

After speaking, Gao Xiang continued to increase his position and buy in the main line of 'big infrastructure'.

Especially for the new fund products that have just been fundraised, taking advantage of the fact that the market is in the external trend, there is another relatively large divergence moment, and the core chips of the main line of 'big infrastructure' are snapped up at the low level of the intraday, and the position level of new fund products is rapidly increased.

Similarly, the magic capital at this moment, inside the Yinghui Fund Company.

'Profit Yield No. 1 Fund Product' and 'Profit Yield No. 2 Fund Product' trading room.

After carefully observing the market, the two fund managers, Liu Guanhai and Shao Xiaoyun, found that within the main investment line of "large infrastructure", although affected by the external market trend, the sell-off has increased significantly, but the undertaking force is still strong, and a large number of active capital groups in the market are still converging in this main line field.

So, after weighing it for a long time, it still made a continuous increase in positions to undertake chips.

Continue to increase positions and long the trading strategy of the main line of 'big infrastructure'.

Of course, like Yuhang Minghui Capital Company, Yuhang Jingda Investment Company, Yuhang Ruiyin Public Fund Company...... A group of institutions that have followed the main fund products of the 'Yuhang system' for position adjustment operations have been hoarded and harvested a large number of profitable institutions in the main line of 'large infrastructure' as early as possible.

The fund product managers of various institutions ......

After discovering that the entire "big infrastructure" main line disk, affected by the sharp decline in the external market, the disk has exploded, and the stock price has fallen rapidly after the pullback, after weighing for a long time, seeing that the selling pressure of many core stocks has increased greatly, and I did not think about reducing positions and taking profits, and gradually withdrawing from positions.

After all, in the hearts of institutional fund product managers.

It is easy to sell the chips of the main line of 'big infrastructure', but it is quite difficult to buy it back at a low price, or the original price, after selling.

This is also the most recent quarter.

In the market trend, many of them previously held the main line chips of 'big infrastructure'.

Often pretend to be smart, thinking about eating more of the main line of the market to switch profits, and get off early, the follow-up can not get back the chips, only the main institutions that continue to chase high and buy, as well as the majority of retail groups, in the 'big infrastructure' main line continues to break through, the reason for complaining again and again.

so-called, in the financial trading market.

This is also the reason why it is easier to grasp the buying point than the selling point.

Many people have enjoyed the continuous main rise of the main line of "big infrastructure" in the recent quarter, and have eaten this profit, but also saw a lot of lost chips in the middle, and finally had to chase the rise at a high level, and continued to buy back the lost chips at a high price, and had to continue to rely on the main line of "big infrastructure" to do trading institutions and retail investors This ineffective trading operation, then they will subconsciously rely on the previous operation cognition.

Even if you feel the internal chips of the 'big infrastructure' line, you may have loosened somewhat.

It may be that a lot of funds that were locked up before have begun to gradually reduce their positions and take profits.

However, it will not be easy to reduce positions, or even liquidate positions, change trading strategies, and lose the investment initiative on the main line of 'big infrastructure'.

And under this kind of cognitive collection of some people increasing positions, some people reducing positions, and some people holding positions......

With the passage of time of the market.

In the market after 10 o'clock in the morning, the line of 'big infrastructure', after experiencing an extreme intraday explosive sell-off, has gradually turned into a resistive decline.

Even, at 11:30, the two markets closed at noon.

Many core stocks in the main line of 'big infrastructure' have rebounded a lot from the bottom of the morning market, and there are signs of anti-intraday trends.

Of course, in the main line of 'big infrastructure'.

The relative concept is not so pure, and some concept stocks are hard to rub hot spots.

After the fall, the rebound is not so fast.

"Boss, I feel that the line of 'big infrastructure' doesn't seem to be able to fall very much!" After the close of trading at noon, in the main fund trading room of 'Yuhang Investment Company', Wang Can, who had briefly reviewed the market, pondered for a while, turned his eyes to Su Yu, and said, "Many core stocks, after the rush to kill, the market has become stronger than when it was in the morning, and it is estimated that it is ...... As long as there is no new heavy news on the market news at noon, after the opening of the afternoon market, many stocks will most likely recover the sharp decline in early trading. ”

Su Yu bowed his head slightly and said with a smile: "The main line of the 'big infrastructure' market, since it was launched at the end of June, has risen all the way to the present, without much decent adjustment, and due to the huge continuous money-making effect it has gathered, as well as quite consistent market expectations.

As a result, on this line, there are a lot of intent funds that want to grab chips at a low level, or to intervene in a pullback to increase positions.

In addition, the Shanghai Index has initially gotten rid of the influence of the trend of the external market, and under the strong leadership of the main line of 'large infrastructure', it has a relatively independent trend.

So......

At this moment, the internal investment logic has not changed, and the basic investment logic and investment expectations of the main line of 'big infrastructure' are still continuing to strengthen.

The temporary tilting of some profit-making orders cannot suppress the market of this main line in an instant.

However, it cannot be denied that the internal chip structure of the main line of 'big infrastructure' has begun to loosen and loosen under the influence of last night's external market and today's market trend.

As long as the main line of 'big infrastructure' is inside, the main funds will continue to drain.

It doesn't matter what the amount of churn is.

Then, it is enough to show that the internal chip structure of this main line is changing, and it is enough to say that it is ...... It is a take-profit selling point in the short and medium term. ”

"Hmm!" Hearing Su Yu's words, Li Mengmeng thought about it, and also took over and said, "The core line of the market, 'big infrastructure', such a large volume, has accumulated and deposited so much market funds in the past few months, even if the chips are loose and enter the adjustment, it should be a gradual process."

In the process......

At this stage, the main line performance of the market, as well as the market performance, should be relatively disordered, and the switching speed should also be very fast, right? ”

Su Yu smiled and responded: "Yes, when the main line of 'big infrastructure' can no longer open up new upside space, and the internal continuous money-making effect continues to weaken, the withdrawn funds will definitely look for other main line areas of the market to make a market."

However, the basic investment logic of the 'large infrastructure' line is not bad, and there is no essential change in future investment expectations.

In this way, a lot of funds will definitely converge in this field.

As a result, even if the 'big infrastructure' carries out sideways shocks, or the adjustment stage of large shocks, it is not so easy for other main lines of the market to gather popularity, emotions, and expected effects, and to play a continuous money-making effect, and to attract active funds focusing on the main line of 'large infrastructure'.

All in all......

At this stage, the market should move sideways for a while.

At the same time, after the main line of the market and expectations and emotions are disrupted, it will take a lot of time and space to react in order to form a relatively consistent expected synergy in other main lines. ”

"Then our position reduction plan on the main line of 'big infrastructure'......" Wang Can asked, "Do we need to make adjustments?" ”

Su Yu glanced at Wang Can, then at the trading team leaders, fund trading managers, and even the core traders in the trading room, and said loudly: "The main line of the market of my so-called 'big infrastructure' has reached the top of the market analysis and judgment in the short and medium term.

Like what I just said.

Under the stimulation of the external trend, many unbearable on-site profit-taking orders began to take profits, resulting in the internal chip structure began to loosen, but this does not mean that 'large infrastructure; This line will enter a downward correction channel.

Maybe this big main line will continue to rise in the market for a period of time.

Even, after recovering today's losses, it hit a short-lived new high in the market.

However, this does not prevent us from judging that this main line has entered the short- and medium-term selling point range.

Regardless of the rise and fall of the stock price in the future, our investment strategy and trading strategy for reducing positions remain unchanged, of course...... It is still the sentence I told you before, be cautious to avoid the data of the Dragon and Tiger List, and at the same time, when reducing positions and taking profits, don't be too eager, reduce if there is a suitable opportunity, and wait if there is no suitable opportunity.

Such a large-scale core market line.

Even if the chip structure is loose and there are signs of a change in the trend, it is impossible to reverse the trend in a short period of time, or in an instant.

Therefore, we have plenty of time and many opportunities to complete our deleveraging and take profit plan.

As well as the rebalancing plan! ”

(End of chapter)