In the face of such a closing situation, retail investors who firmly hold positions, or firmly undertake the core main line chips of the market such as 'infrastructure' and 'military industry', are excited and excited.

Many retail investors who hold positions in other main lines of the market, and most of them are trapped in other main lines of the market.

The heart is still relatively depressed.

At the same time, in this situation, the original confidence and belief of investors who continue to short the market, or are trapped in the main line of other markets, are also continuing to waver, driving them to move their positions to the core main lines of the market such as 'infrastructure' and 'military industry'.

Of course, in this constant change in market sentiment.

Today, we rushed ahead of time, smashed the market at a high level and sold the core main line chips of the market such as 'infrastructure' and 'military industry', and switched to the main funds in the main line areas such as 'science and technology growth', 'big consumption' and 'big finance' at the low level of the market, as well as the main line of the trial market, trying to create a change in the trend of 'high and low switching' in the market.

"I really didn't expect that the popular main lines of several major markets such as 'infrastructure' and 'military industry' closed today and fully recovered almost all the intraday declines...... The trend resilience of these popular main lines is so strong, it is clear that the internal chip structure has been loosened, and the amount of energy has been put so large, but it just can't fall. ”

After the closing, in a simple review of the various institutions.

At this moment, Yanjing, Yihe Capital Company, the main fund trading room, Gao Xiang, the head of the trading team, continued with pity: "With such a strong resilience and such a strong disk undertaking force, I feel that we are still a little too anxious about today's large-scale position reduction. ”

"You're right." Chen Yihe, the fund manager and general manager next to Gao Xiang, bowed his head slightly and responded, "However, it is also a fact that the internal chip structure of the core hot main lines of the major markets of 'infrastructure' and 'military industry' is loose, and it is also a fact that the divergence of the disk has become larger.

At this time, we will reduce our positions in the popular main lines of the market such as 'infrastructure' and 'military industry'.

There's nothing wrong with that.

It's just that when following up on the main line of the market's low level, it is indeed a little too anxious.

Looking at today's intraday market trend, many funds in different directions, tried several times, but the results failed to drive up the corresponding market sentiment and funds consistent with the combined force, which shows that the market is not ripe for other low-level main lines in the market.

When we follow up the low-level main line of 'technological growth', we are indeed too anxious.

According to the current market sentiment, it is still focused on the corresponding core hot main lines of the market, such as 'infrastructure' and 'military industry'.

The line of 'technological growth' should be recalled.

In a short period of time, without the strong stimulus of macro news, or the performance of some core stocks exceeding expectations, it is difficult to attract market investment sentiment and speculation, and converge in this direction, condensing a continuous money-making effect and a sustained upward trend.

However, fortunately, the main line of 'technological growth' has seriously lagged behind the market in the past few months.

Although the current market, the majority of investor groups, as well as many main capital groups, in this direction, do not form a consistent expectation, and at the same time, the market capital groups are located in the current hot main line of the 'infrastructure' and 'military industry' markets, which also leads to a serious shortage of funds in other markets.

However, fortunately, this main line of 'technological growth' has been adjusted for a consecutive quarter.

The valuation risk has been fully released, and it has become relatively reasonable, and it has been undervalued compared with popular mainline stocks such as 'infrastructure' and 'military industry', which continue to soar.

Such factors converge.

It also means that although the timing of our high and low switching is not right, the time to intervene in the low-level main line of 'technological growth' is too early and early, but we will not suffer any excessive losses and drawdown risks, at most it is only a little short of the "infrastructure", "military industry" The core main line of the market is only part of the emotional premium in the fishtail stage.

As long as we have an overall macro strategy, there is no problem.

Then, in terms of timing, it is almost a little bit, but in fact, the impact is not great, so you don't need to care too much. ”

After listening to Chen Yihe's words, Gao Xiang felt a little better, but he pondered for a moment, and then said: "Although so, it is easy to sell, but it is difficult to buy back. ”

When the amount of money is too large, it becomes more and more difficult to switch trading strategies.

That is to say, once you make a mistake, even if you wake up, it is difficult to adjust your position in time, and often after making a mistake, you can only make up for it through other strategies.

This is also a lot of fund products in the industry.

Often after seizing a wave of the main line market, once the main line market trend is finished.

It is either difficult for them to react in time, and the net value reverses with the trend of the main line market, as well as a sharp drawdown, and falls back, or they miss the second half of the profit after premature adjustment, and lose the profit they make on other main lines, in short...... Under the huge amount of capital, it is a very, very difficult thing to flexibly move and convert, and often the operation is either too long in advance of the market or too long behind the market.

"There's no way around it." Chen Yihe said, "Now that the trading strategy has been implemented, we can only follow the optimistic direction. ”

Gao Xiang nodded, and said with some concern: "Mr. Chen, I am thinking, the current popular main lines of the major markets of 'infrastructure' and 'military industry', after the divergence of the disk continues to increase, and it is no longer possible to open up new space upward, the main line switch of the market to do 'high and low switching' should be a more certain thing."

It's just that...... What should we do if the main line of the market is not the main line of 'technological growth' that we have intervened in advance? ”

"Isn't it the main area of 'technological growth'?" Chen Yihe heard Gao Xiang's hidden worries, pondered carefully for a moment, and responded, "This probability should still be extremely small, after all, when the current core main line areas of the market, 'infrastructure', 'military industry', the money-making effect gradually decreases, and the selling pressure of profit orders continues to become more and more intense, when funds generally flee from these core main lines."

Looking at the entire market, it seems that only the fully adjusted main line of 'technological growth' can undertake the market, and only in the direction of this main line can the future expectations be more certain, right? The main line of other low-level markets is always inferior in terms of future expectations and certainty.

There is also the past performance of the market, once the main board falls into adjustment.

The market of large-cap stocks is bound to shift to the market of small- and medium-cap growth stocks.

Therefore, if the market really carries out the 'high and low switch', and the main line market shifts to the line of 'technology growth', it is indeed a high probability.

Of course, expectations are expectations, and the actual trend of the market is the actual trend.

When we make investments, we can only formulate investment and trading strategies according to the development of market trends with a high probability, so as to seek market profits under a high probability, and it is impossible to say that we can achieve certainty.

If the actual development of the market does not match our expectations.

That is, in the "infrastructure", "military industry" these popular market main lines to make money effect gradually weakened, these areas of profit plate funds more and more obvious escape, so as to intervene in the market low main line, but the low main line of intervention is not the main line of our expected 'technology growth'......

What we can do is only after the market trend becomes clearer.

Error correction and all-round adjustment of investment and trading strategies.

However, the current market changes and trend changes, although some slightly exceed our planned expectations, but they are not completely out of our planned expectations.

Although we are in terms of rebalancing strategy, some of them are ahead of the market changes.

However, the real changes in the market have only lagged behind, and they have not deviated from the scope of the plan.

In this case, at this time, we don't need to worry about what will happen in the market, and the most important thing is to do a good job in the present! ”

"Okay!" Gao Xiang nodded and said, "Then we will execute according to the current investment strategy and trading strategy, try to control the drawdown and position, and wait for the market to be in the hot main lines such as 'infrastructure' and 'military industry' that cannot open up upward space, and the market 'high and low switch' after the gradual loss of the money-making effect." ”

Chen Yihe bowed slightly, seeing that Gao Xiang had already understood the pros and cons of such a position adjustment, he didn't say more.

As the two of them focused on the market, the overall rebalancing strategy of the fund, and the change of trading strategy, they fled from the thinking and hidden worries and risk reviews.

Before I knew it, the time had passed to around 5:30 p.m.

The list of dragons and tigers of the two cities was announced.

I saw that after the violent fluctuations in the day, a total of 49 stocks were on the list today, the same ...... Among the stocks on the list, there are still two main lines of "infrastructure" and "military industry", as well as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", "Reform and Reorganization of Central Enterprises and State-owned Enterprises" and other core concepts of popular stocks and concept leading stocks, and the active capital on the Dragon and Tiger List is also mainly concentrated in these main line areas.

"Institutions are net sellers, and the capital is still violent."

After reading the data of the dragon and tiger lists of the two cities, the retail investor groups gathered on the major stock discussion platforms on the Internet, and the discussion heat of everyone's dragon and tiger lists has increased significantly.

"I didn't expect that it was smashed by the institutions today, are these guys crazy? If these institutions don't smash the market today, maybe the Shanghai Composite Index is another large white candle with a large volume, and it will have already rushed to 2900 points. ”

"Fortunately, in terms of the data performance of the entire Dragon and Tiger List, funds are still in a state of net buying."

"The performance of the main tourist seats is also very active."

"The fly in the ointment is Mr. Su's 'Fortune Road' seat, or it hasn't appeared, I feel that Mr. Su's 'Fortune Road' seat hasn't appeared for almost a quarter, right?"

"Well, it's been more than a quarter, but now Mr. Su's 'Fortune Road' seat has basically coincided with the trading seat of the 'Yuhang Department' main fund, although Mr. Su's 'Wealth Road' seat no longer appears on the Dragon and Tiger list, but according to the occasional position data and net value performance of the 'Yuhang Department', you can still know Mr. Su's exact position, as well as the main direction of the main market that he is mainly optimistic about."

"That's right, it's just that the public time of the 'Yuhang Department's main funds, position data and net value performance has only passed, and now these main fund products have entered the stage of fully closed operation, and it is difficult to continue to detect it, but ...... I estimate that Mr. Su's core holdings must still be on the hot main lines of the market such as 'infrastructure' and 'military industry'. ”

"It's okay to use the data not long ago as a reference, anyway, the fund products managed by Mr. Su are so large, if you want to adjust your position, you will definitely not be able to escape the data of the Dragon and Tiger List, and the third quarter report of many companies will be announced soon.

"Haha, that makes sense, it does...... Wait for the third quarter report, it should be able to see. ”

"The third quarter report, why do you have to go in October, or November? I think that from the position data of the 'Anzhao Fund' company acquired by Mr. Su's 'Yuhang Investment' company, we can also know some of Mr. Su's thoughts on the market situation. ”

"It can't be, can it? Fund managers are all different. ”

"There is still a certain reference."

"But at present, the weight of several main fund products under the 'Anzhao Fund' company in a series of popular main areas such as 'infrastructure' and 'military industry' is not high, and the net value performance of the fund products they manage is also sparse and ordinary, which cannot be compared with the main fund products of the 'Yuhang system'."

"Huh...... When did the main fund products of Anzhao Fund Company transfer their positions to the field of 'big finance'? I remember looking at their positions before, and the focus is still on the core main areas of the market such as 'infrastructure' and 'military industry'? ”

"'Big Finance'? Is there any mistake, can the garbage sector of 'big finance' rise? ”

"Hey, I don't understand, I don't feel like it's any reference."

"This level of rebalancing, I really can't understand it, but fortunately, the main fund products of 'Anzhao Fund', after absorbing a large number of subscribed investor groups, closed the subscription and redemption channels in a timely manner, and became a fully closed fund product, otherwise they would have to scold their mothers at this level of rebalancing."

"I'm afraid that many people are already scolding their mothers in their hearts, right?"

"Hey, don't analyze this, analyze that, at present, anyway, according to the market trend, the market of the core main lines of the major markets of 'infrastructure' and 'military industry' still don't have to worry much, just hold a position with peace of mind, and there will definitely be a large wave of profits in the future."

"The trend of the past two days has proved that the core main lines of the market, 'infrastructure' and 'military industry', cannot fall at all."

"If you can't go down, then you can only go up!"

"Haha, agreed...... So I increased my position again today, but fortunately I increased my position at a low level in the intraday, otherwise, I will probably have to chase higher tomorrow. ”

Everyone is still discussing the data of the Dragon and Tiger List.

Although we have seen that the institutions, which are the core and main capital groups of the market, have been out of profit on a large scale, but at the moment when the hot spots of capital speculation, promoting the concept of leading stocks to further cohesion of emotions, and playing a new space for connecting boards, everyone's emotional performance is still extremely high-pitched and exciting.

At this time, very few investors have realized the adjustment risks in the main areas such as 'infrastructure' and 'military industry'.

Of course, even a very small number of investors have put forward corresponding risk views on online stock forums.

The next moment, it will also be besieged by a group of bullish investors.

For a time, the entire network, the relevant stock discussion platform field, is full of voices that sing long, bullish on the core main line market such as 'infrastructure' and 'military industry'.

The consensus expectation of the bulls is in the violent amplitude of these core main lines for two consecutive days.

Not only did it not weaken, but it became stronger and stronger! (End of chapter)