Subsequently, in the face of the main line plates of the 'infrastructure' and 'military industry' industries that continue to rise and fall and the pressure to sell is increasing, as well as the main line plates of popular concepts such as the 'Eurasian Economic Belt', 'On the Road of the New Era, the Maritime Silk Road', and the 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'.

The frantically chasing retail investors finally realized that something was wrong.

After that, the amount of funds that these popular core main line areas took the initiative to undertake began to further decline.

After that, due to the sharp reduction in the amount of funds actively undertaken, the on-site profit-taking orders began to further concentrate funds, smash the market and take profits, and snatch the liquidity of the market.

At the same time, the expectation of adjusting the main line of the market and the expectation of switching between high and low in the market is becoming more and more intense.

At a time when several popular main lines continue to decline rapidly, the volume and energy have also been further expanded.

The main areas of 'science and technology growth', 'big consumption' and 'big finance' have further shown traces of the care and inflow of main funds, resulting in more and more obvious traces of the form of switching between the two cities.

Around 1:30 p.m.

When the main funds in the field realized that the selling pressure of the popular main lines such as 'infrastructure' and 'military industry' had been fully formed, the trend of adjustment was unstoppable, and the trend of high and low switching was also unstoppable, they began to take the initiative to pull the core stocks in the main line field of 'technology growth'.

However, after the explosion of these core stocks of the main line of 'technology growth' rose by more than 3%.

In the entire market, there are not many retail investors who gather the main funds to these core stocks, as well as those who follow the trend and undertake.

In other words, due to the divergence of the market on the 'high and low switch'.

In the face of these cheques, the funds did not go in this direction to form a consistent joint force.

And there is no consistent resultant force......

After the rapid rise of these checks, due to the lack of undertaking effect and the lack of funds to follow the trend, under the pressure of a lot of hedging and the sell-off of latent funds, they fell back to the starting point in ten minutes with a gradual downward trend.

When the main capital test of the main line of 'technology growth' failed.

Around 1:50 a.m.

In the face of the further decline and pullback of the corresponding hot main lines of the market such as 'infrastructure' and 'military industry'.

There are also different views of the main capital flow, began to test the main direction of 'big consumption', Qianzhou Moutai, Gree Electric, Midea Group, Haier Group...... In the direction of liquor and white electricity, they began to move rapidly, and the corresponding small-cap concept stocks began to rise in a straight line by funds.

However, it is the same trend as the main line of 'technological growth'.

The abnormal movements of these stocks, after a short burst of straight line increases, also failed to condense the market's hype in this direction, failed to attract too many main funds, and retail groups followed suit.

As a result, the stocks that have undergone these changes have continued to decline in their power after the changes.

It also began to fluctuate and decline from the corresponding intraday high, and gradually fell back to the corresponding rising point.

The failure of the two main lines in succession, as well as the concentration of market sentiment...... and other related effects, resulting in the main group of large funds who are optimistic about the main line of 'big finance' and continue to adjust their positions in the direction of the main line of 'big finance', at this time, they do not dare to take the liberty of pulling the market to forcibly condense market sentiment and follow the trend of funds.

After all, after the failure of the pull-up, you can't gather popularity and follow the trend of funds.

The internal chip structure will also be further scattered.

This kind of failed market rally will not only be of no benefit to the emotional development of the main line market and the cohesion of the chip structure, but will further hit the sentiment of market investors in this main line area.

Again, in the whole market that everyone finds.

It seems that in addition to the 'infrastructure' and 'military' industry sectors, as well as the corresponding conceptual plates around several core concepts such as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', the other main lines cannot gather popularity at all and cannot produce the corresponding sustained money-making effect.

Many of the profitable funds that fled at the beginning of the session began to slowly return to these popular mainline areas at the intraday low.

Reconvene in this area to make a market.

And when these funds flow back......

The two main areas of the "infrastructure" and "military industry", as well as the "Eurasian Economic Belt", "On the Road of the New Era, the Maritime Silk Road", "The Reform and Reorganization of Central Enterprises and State-owned Enterprises" and other core conceptual theme areas, the constituent stocks of the industry sector, as well as a number of related concept leading stocks, have gradually increased their capital undertaking power at the low level of the intraday, and the stock price has slowly risen.

And in the process of the corresponding stocks of these popular main lines slowly rising up.

The main line areas of 'science and technology growth', 'big consumption' and 'big finance', which once attracted the care and inflow of the main funds in the intraday, began to slowly lose blood again, and became the blood bag of the main line direction of 'big infrastructure' and 'big military industry'...... It was ruthlessly harvested again.

"What's going on in this market today?"

Seeing the evolution of the market, it is completely capricious, and the performance of many main lines is that it should be weak or not, whether it should be strong or not, whether it is bought or not, and it is not sold at this moment, within the magic capital, Zexi Investment Company, in the main fund trading room, Zhou Kan couldn't help but complain, "In the fields of 'science and technology growth' and 'big consumption', there are main funds to try out, but these funds are on fire, but they give up instantly, it's really ...... No courage.

At the same time, after the time enters the late stage at 2 o'clock.

Unexpectedly, the active funds in the market have begun to return to the hot core main lines of the market such as 'infrastructure' and 'military industry', and this trend is ...... It's a big offshoot! ”

Xu Shen said with a smile: "It is not surprising that many funds have turned around and found that the current entire market, in addition to the popular main lines of 'infrastructure' and 'military industry', which can gather popularity, can be unanimously recognized by the majority of investors in the entire market, and can quickly attract followers, other main line areas cannot be pulled at all, and there is no main capital and the majority of retail investors to follow the trend."

In the financial trading market, money is like running water.

The strength of the money-making effect in the market, the strength of the consistency expectation, just like the height of the terrain, the stronger the money-making effect, the stronger the consistency expectation, then it means that the lower the terrain here, and the lower the terrain, the flowing water will naturally flow into the lower terrain.

This is the law of nature, and it is also the law of unchanging capital speculation in the financial trading market.

The so-called no matter when, whether it is an index, a mainline market, or a single stock, any market change always changes in the direction of least resistance.

What is the direction of least resistance?

That is the direction of the consistent selection of funds, that is, the direction of expected consistency.

In the current market, there is no doubt that although the profit plates of the popular main lines of "infrastructure" and "military industry" are piled up, many funds can't help but want to take profits, and the internal chip structure has begun to be obviously loose, but these popular main lines, through the continuous rise of several months of investment inertia and investor sentiment and confidence, have not yet dispersed.

At the same time, other main areas of the market, due to the past few months, have continued to be sucked by these core main lines.

There has never been any sustained money-making effect, nor has there been such strong emotional expectations and investment confidence in these popular main areas.

Then, the funds rashly pull these weak main line areas.

Naturally, it is difficult to gather popularity and investment confidence at the first time.

If you can't gather popularity and investment confidence, and if you don't have funds to follow the market, then there is no continuous market, and if you don't have a continuous market, where can you go if the funds don't turn back to the popular main lines of 'infrastructure' and 'military industry'? After all, the first investment priority of funds is to seek advantages and avoid disadvantages!

Of course, consider these market factors.

It can also be said that the current market has not really come to the time for the development of the main line of the market to truly 'switch between high and low'. ”

After listening to Xu Shen's words, Zhou Kan pondered for a moment and said: "Boss, according to what you mean, will the core main lines of the market in response to 'infrastructure' and 'military industry' continue?" So let's reduce our positions on a large scale...... Isn't it wrong? ”

Xu Shen responded with a smile: "It can't be said that it is wrong, our strategy of large-scale position reduction here is correct."

"Infrastructure", "military industry" these major market hot core main line, although the sentiment and investment confidence are still there, but the chip structure is obviously loose, the upper selling pressure is extremely great, at the same time, many of the main funds in the field, in this position, there are already a lot of concerns, often unwilling to continue to pull up, let the profit funds smash.

And down there......

In the case that there is no other main line in the market that can undertake this part of the funds.

There is no other place for the funds, and when there is a profit and loss ratio trading value at a low level, they will undertake accordingly and speculate on the corresponding concept stocks of these main lines within the range.

All in all, it is when the market has not completely completed the 'high and low switch' of the main line.

The popular main lines of the 'infrastructure' and 'military industry' markets are violent shocks that can maintain a high level, which will not rise much, but will not fall deeply.

This is also what I said before, whether it is to reduce positions, or to adjust positions to lay out other main lines.

Don't be in a hurry.

"Infrastructure", "military industry" these core main lines, such a large volume of circulation, in the past few months, has accumulated so many main funds and retail group funds, even if the chips are loosened, the expected change, will not be sudden, whether it is to reduce positions, or increase positions in other main lines, we have enough time to react. ”

"Got it!" Zhou Kan nodded, "But it is estimated that in this range-bound mode, the next market performance, hot spot switching, should be very frequent, right?" ”

Xu Shen bowed his head slightly and said: "This is certain, when the market, the popular main lines of 'infrastructure' and 'military industry' cannot further open up the speculation space, and the corresponding money-making effect of these main lines is gradually decreasing, then the funds will definitely choose the opportunity to speculate on other hot concepts."

It's just that there is no other main line that can replace the core main lines of 'infrastructure' and 'military industry'.

Condense a new concentrated mood and a sustained money-making effect.

Then, the hype of funds on the concept of hot spots will inevitably return to the news-driven side.

The short-term concept hype driven by the news surface is bound to be faster.

At this stage, it is a good time for funds with financial advantages and news channel advantages to speculate, but for retail investors who do not have these advantages, I am afraid that they will enter an investment environment of slapping their faces at both ends and even frequently chasing high and cutting meat. ”

"Hmm!" Zhou Kan nodded, and asked again, "When does the boss think that the market will form a real main line of 'high and low switching'?" ”

Xu Shen shook his head and responded: "I don't know, all we can do is wait, wait for the market to be in a certain direction, in a certain direction, when the time to form a joint force, we don't know when this time will come, but we know that this time ...... With the further interpretation of the market situation, it is sure to come. ”

Zhou Kan thought for a while and continued to ask: "Does the boss still insist on being able to replace the popular main lines of 'military industry' and 'infrastructure', and the next core main line that condenses market sentiment and capital consistency expectations is 'big finance'?" ”

"You also saw the situation on the market today." Xu Shen said, "The two lines of 'technological growth' and 'big consumption' really can't mobilize the investment sentiment and follow-up sentiment of the entire market!" Moreover, these two main lines, in terms of expectations and the volume of circulation, are actually inferior to 'big finance'.

Of course, let me firmly believe that the main line of the market of 'big finance' can come out.

The main reason why it can become a popular mainline substitute for the current market such as 'infrastructure' and 'military industry' is that I think that when the global economy has a new inflection point and the direction of the Federal Reserve's interest rate meeting is also biased to ease, the overall domestic monetary policy will also change beyond expectations.

As long as the macro monetary policy has changed beyond expectations.

The line of 'big finance' has a natural source of power expectations, and the cohesion of emotions and investment confidence will be very fast.

At the same time, the market volume has reached the 400 billion mark.

This amount of energy has doubled compared with the previous quarter and even the beginning of the year, and it has doubled, as well as several times!

Under this amount of performance, the performance of brokerage institutions cannot be bad, and according to the node threshold of their performance disclosure, it should be reflected in the third quarter.

So......

I expect the main line of the market to switch, and the time node for the real change of the market pattern.

Most of the time it should be in October, or around November.

Of course, it's still the same sentence, this is just an expectation, what is the specific trend of the market, whether the expectation can be realized, or let the actual trend of the market verify.

During the period during which the market did not complete the real core mainline switchover.

In the face of the frequent conversion of market hotspots, we have to adjust the fund's profit growth expectations during this period, and at this stage, the important thing is not to make a profit, but to control the drawdown.

As long as the drawdown is well controlled, and the position can be adjusted to the 'big finance' line for the most part.

Then, we can be regarded as grasping the initiative of future market development. ”

"yes, I see!" After listening to Xu Shen's meticulous thoughts and expectations on the market and investment strategy, Zhou Kan finally had a thorough understanding of the current market changes, smiled lightly, and said, "That being the case, then let this shock strangulation of the market come more violently!" (End of chapter)