"Damn, why did you fall so hard?"

In the midst of the shock of many retail investor groups, a group of retail investors gathered in the stock discussion area of the trading platform stared at the disk and were completely incomprehensible.

After all, they haven't seen and felt this unilateral plunge for a long time.

At the same time, the bull market that everyone thinks should not have such an extreme volume plunge trend.

It seems that since the market rebounded strongly since the end of June, in the continuous breakout rally, everyone has forgotten the previous tragic market movement.

Therefore, in the face of this sudden plunge in volume, I was a little confused for a while.

Especially in the past two weeks, after the Shanghai Composite Index exceeded 3,000 points, some of the new novice investors who entered the market at this moment saw that the market had swallowed up the previous few days of gains in the opening hour, and the stocks held in their hands had swallowed up the previous week's gains in this hour, which made them feel more panicked and more incomprehensible.

Of course, for these novice investors.

It was also the first time they really saw the cruelty of the market.

Originally, many investors who thought that making money in the stock market was just a breeze for some investors, this moment ...... There was also complete silence.

"Isn't it a bull market? What's going on in this market? On the news side, there is no disadvantage! ”

"That's right! Why did it plummet for no reason? ”

"The key is to plummet unilaterally in volume, this trend is ...... It's scary. ”

"A lot of stocks have gone straight to the limit, even the most powerful 'securities', 'Internet finance' sectors, many popular core stocks, are in an extreme situation, together with the 'flush' check, special...... It's all going to the stop. ”

"Damn it, is the 'bull market' so fast...... That's it? ”

"Can a 'bull market' that ends so soon still be called a 'bull market'?"

"I feel that the Shanghai Composite Index may not even be able to stand at 3200 points today! ...... It's falling too hard, full of shares, and hard to eat a fall limit! ”

"The key is the amount of energy, the plunge and the volume, it's a really bad feeling."

"yes, damn it, how long has it been since it opened? The volume of the two markets is approaching 400 billion, which is simply ...... You can't go to 800 billion all day? ”

"Normally, the top will release this kind of huge killing and falling trend, right?"

"Your sister, the logic of not being a 'bull market' has been falsified, right?"

"The key is that on the macro news side, there is no substantial bearishness, what is the strength of this fall? With such a large trading volume in the two cities, what kind of funds are being sold? ”

"With such a large amount of energy, it must be the main capital that is being dumped!"

"Didn't you say 'bull market'? What is the main capital throwing? ”

"I'm afraid it's the slogan of 'bull market', which is the main capital used to harvest! In fact...... I've always felt that the index is still not out of the rebound trend, and the reversal is really bad. ”

"The key is that the securities have also collapsed, and there is no main line in the two cities today that can be supported."

"That's right, 'the strong are always strong' doesn't exist at all."

"There is only the 'new stock' sector, and there is still a certain market, and it can barely hold on."

"The 'new shares' have very few circulating shares, which is just a hedging of floating capital, and the impact on the changes in the entire market is simply insignificant."

"It's fallen so much, and the intraday stop loss is not cost-effective!"

"Let's take a look again, remember last week, before the Shanghai Composite Index hit 3,000 points, wasn't the Shanghai Composite Index extremely down in early trading? But in the afternoon, the securities sector broke out, maybe it will be like this today? ”

"There is no hope, the securities sector was at a low level at that time, and now there is any main line, is there the explosiveness and expectations of the securities sector at that time?"

"Isn't it okay to 'consume big'?"

"'Big consumption' is obviously impossible, and it is not as dynamic as the line of 'technological growth'?"

"I feel that the main thing is that the check of 'Chengfei Integration' has collapsed the market, and if it were not for the impact of the check in the morning call auction stage, the two markets should continue to open higher."

"Yes, the check of 'Chengfei Integration' has shaken the investment logic and foundation of the entire main theme of the concept of 'reform and reorganization of central enterprises and state-owned enterprises'."

"It's impossible, the influence of the check of 'Chengfei Integration' will not be so great."

"The fall limit of the check of 'Chengfei Integration' can only be the main cause for the entire market...... Or the increase in the incremental capital group of the market, in this position, it is a bit difficult to catch the profit plate and the unhedge chips. ”

"And on the news recently, there is no new blockbuster excitement, right?"

"If it is really a factor of profit and hedging, then the logic of the market's 'bull market' is still there, as long as the logic of the 'bull market' is there, then the market adjustment should be nothing serious."

"The concentrated selling pressure of profit-taking and unhedging will also form an avalanche effect!"

"Afraid of hair? The Shanghai Composite Index has deviated far from the 20-day line, even if today's plunge trend has been completed, its upward trend is not broken, just this point of determination, what stocks to speculate? ”

"Indeed, guarding stocks is like keeping widows, and holding shares must be determined."

"Damn...... Continue to be firmly optimistic about the market outlook, the big deal is that the Shanghai Index stepped back on the gap of 3000 points, it should be almost to the limit, it is absolutely impossible to fall back quickly, fall below the upward trend line, after all, there are so many main capital groups in front of the large-scale entry at a low level, and there is also a large number of positions of the main capital group of Su Zong's "Yuhang Department", how can the index fall back, so that the funds that go short can enter at a comfortable low level? ”

"Haven't you heard a word? How much the bear market rises sharply, and how much the bull market plummets! ”

"Yes, yes, this sentence is a classic, and I want to see it...... Today's plunge is a shuffle, washing those investors who are not firm in holding shares. ”

"I won't come out anyway, unless today's after-hours dragon and tiger list, Mr. Su's 'Fortune Road' seat is sold on a large scale."

"Mr. Su's 'Yuhang Department' has a capital position of 100 billion yuan, and it will definitely not be able to get out for a while and a half, I don't believe that the index will peak here."

"Yes, if this is the top of the index, then why bother to break through 3,000 points at that time?"

"Step back, definitely step back!"

"Panic a hammer, the index has just broken through the platform suppression for several years, and I don't believe it will fall back."

"The funds for selling are simply bad."

"The main funds sold today are definitely a group of funds without pattern and courage...... Just these guys, throw the best, and then wait for the index to rise, and then let them chase high and buy. ”

"Hey...... Although I also believe that the index is definitely not the top here, this killing pattern is particularly terrifying, first ...... Sell the take-profit part first to reduce the holding cost. ”

"I'll also sell some of it first, today's extreme killing trend of explosive volume, even if it is repaired in the future, it shouldn't be something that can be done in a short time, right?"

"I also want to sell some of it, but the stocks I hold are now about to fall to the limit, and I will sell this position again, hey...... It's really unnecessary. ”

"Yes, it's not necessary to throw it again at this time, right?"

"If you want to run, you should run at the time of the opening, which is a suitable selling point at that time, and now ...... If you run again, you're probably going to be washed, right? ”

Between the many retail groups focused on discussions......

The market's long and short sentiment is also changing rapidly, and many undetermined shareholding investor groups have begun to reduce their positions and take profits, while many over-the-counter investor groups who are not so willing to chase positions and buy positions, as well as on-site investor groups who are not so strong in the willingness to adjust positions, have also begun to hesitate under this emotional interpretation.

As a result of this emotional reaction, the market bullish and bearish forces are further unbalanced.

I saw that the two cities spent an hour after the opening.

Whether it is the Shanghai Index, the Shenzhen Index, and the ChiNext Index, or the core main lines of the market, such as 'big finance', 'infrastructure', 'military industry', 'science and technology growth', and 'big consumption', the trend of its explosive volume killing and falling has not slowed down, but is still further accelerating.

At 10:42, the turnover of the two cities exceeded 410 billion.

The Shanghai Composite Index has expanded its intraday decline to 3%, and has fallen close to 3200 points, while the Shenzhen Index and the ChiNext Index have also expanded to more than 2.70%, and even the strongest A50 Index has become the core index of the market leader today, with a decline of 3.11% at the moment.

In addition to the core index, the performance of the core main line.

Of the almost 2,000 stocks traded in the two cities, there are less than 150 stocks, and they are still in a state of rising in the red.

And in the two cities, there are more than 50 stocks in total at the moment, which are blocked on the fall limit.

Such as 'Bluestone Heavy Equipment, Hongdu Airlines, Beijiang Jiaotong Construction, Shanghai Construction Engineering, Chengfei Integration, China Airlines Heavy Machinery, Sunline Technology, Yinjie Technology, Orient Securities, ...... 'all closed the fall limit, and 'Flush', 'Western Securities' two popular leading stocks in the main line of "big finance", this moment of intraday decline has also expanded to more than 6%.

Even a number of core weighted stocks in the fields of 'big finance', 'infrastructure', 'military industry' and 'big consumption'.

Stocks such as 'Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaxin Cement, Huaxin New Materials, CEFC Securities, Huaguo Taibao, Huahang Shenfei, Aviation Power ......' and other stocks also fell across the board, with a decline of more than 3% on the disk, and the volume plummeted.

And in addition to these areas.

The concept of leading stocks and concept core stocks of the previous convergence of funds.

Stocks such as 'Ciwen Media, Huace Film and Television, Inspur Information, Huaguo Software, LeTV, Netspeed Technology, 2345, Hengsheng Electronics, Oriental Fortune ......' are also showing a unilateral killing trend at this moment, and the sell-offs are endless.

All of a sudden, the whole market.

It seems to have returned to the extreme bear market phase, and at a glance, there is only green in the eyes.

"Today's trend looks ...... Doesn't it look like a washer? Can this be considered a technical pullback? ”

Seeing the major indexes in the two cities, there seems to be no sign of stopping the fall, and the major indices have fallen, all of which have approached the 3% decline mark, in the market trading hours close to 11 o'clock, about to enter the end of the morning trading session half an hour later, Su Yu is in the main Yuhang capital group.

You have a keen sense of the market, and at the same time, the technical ability and news channels are better than those of retail investors.

At this moment, they also frowned, and their hearts became completely unsettled.

"Yes, it's so fierce, you can't kill it in one breath, and you can kill it directly to the 20th line in one day, right?"

With a sigh of emotion, someone in the group echoed it.

"Now the index has fallen by 3 points, and there is no sign of shrinking and stopping the decline, most of them...... will kill to the 20th line in one go, and directly kill through the 3200 points! ”

"I didn't expect it...... Adjustments come in this form. ”

"This is still the trend of the market without obvious news and bearishness, if there is clear news last night, the trend is ...... I can't imagine it. ”

"I thought that the emotional pattern and investment confidence of the market had been completely reversed, but I didn't expect it to ......"

"Looking at it now, we still can't be too optimistic about the market outlook!"

"Yes, I feel that the expectation of a full-scale outbreak of the 'bull market' is estimated to be reevaluated."

"It's been a long time since you've seen this plunge, right?"

"Even if the index was adjusted before, if it was too far away from the 20-day line to pull back, there would not be such an extreme trend!"

"In fact, the main reason is that the profit and unhedging orders accumulated in the market during this period of time are too heavy."

"Agree, the original range of 3,000 points to 3,500 points is the heaviest area of historical hedging, and since the Shanghai Index broke through 3,000 points, the market has not had a decent adjustment, has been forced to rise short, the accumulation of profits and hedging can not be much?"

"Hey, I thought that the Shanghai Composite Index should hit above 3,500 points before there would be a big adjustment."

"It's time to lower expectations."

"I think it's okay to adjust it, it's okay to take profits and untie the hedge, and in this position, it's time to clean up."

"But this kind of extreme adjustment, in the short term, don't think about a quick fix."

"In short, today is not a good day to open a position."

"Well, the key is the line of 'big finance', which has not been able to hold up today."

"At the moment of early trading, the line of 'big finance' originally wanted to protect the disk and carry the beam alone, but unfortunately it was not able to hold it."

"At this time, strong support for the market will intensify the subsequent adjustment time and space, and there is no harm in following the fall."

"The main thing is to examine whether there is a problem with the logic of the 'bull market', if not...... I think it is still a bit unobjective to deny the market outlook based on today's extreme market trend alone. ”

"Today's plunge pattern should be unavoidable, and there is no possibility of deep V, after all, there is so much energy in the morning, it depends on the repair of the market tomorrow."

"Agreed, in fact, in this position, you can still try to reduce a little profitable position and reduce the cost of holding a position."

"The funds that were shorted before must be comfortable today."

"Hehe, that's not necessarily, this kind of plunge form, the funds that have been shorted before, I am afraid that I may not dare to buy it."

"Don't say anything else, just say you and me...... In this case, do you dare to pick up the flying knife? ”

"Today is not suitable for pick-up, this pattern trend, tomorrow the market in the absence of extreme positive stimulus, ironclad low opening, wait for tomorrow to open sharply lower and then buy, isn't it?"

"The logic of the 'bull market', under this trend, should undergo a new round of tests."

"But there's no need to be pessimistic, right?"

"I think ...... Maybe there is a possibility that the afternoon index is really deep V? ”

"That depends on the next half an hour, the two cities can share the time, and whether they can shrink or not."

"I always feel that the vast majority of the chips sold today are still unfirm 'profit plates', as well as the 'unhedging' capital groups that have just been unbundled, and the core and main institutional capital groups like Mr. Su's 'Yuhang Department' are likely not moving today."

"If it's really a dish wash...... Then this is actually a good place to buy. ”

"Whether it is the turning point of the long and short market, or the long momentum point of the wash, we have to wait for the market to gradually shrink the amount of time, only the shrinkage, can we see the real motivation of the main capital group in the market."

"Well, it's true that shrinking also means that the divergence between long and short is gradually decreasing......"

When the news in the group is quickly refreshed, all the bigwigs of the capital are hotly discussed, the market is analyzed in depth, and different position adjustment strategies and trading strategies are made at the same time.

The trading hours of the two markets quickly entered after 11 o'clock.

And in the last half hour before the market closes at noon, it finally ...... The time-sharing trading volume of the two cities can begin to gradually decay, and the extreme panic selling situation has gradually passed, and the Shanghai Index, Shenzhen Index, and ChiNext Index have also begun to decline in the range of 3.25% to 3.50%, and gradually sideways.

As for the core main lines of the market......

Such as the main line of 'big finance', the main line of 'science and technology growth', the main line of 'big consumption', etc.

At this stage, under the gradual attenuation of the extreme selling volume of the two cities, it also ushered in a lot of concentrated bottom-buying of short-selling funds in the early stage, and the disk of the corresponding core stocks rebounded.

However, at a time when core stocks ushered in a bottoming out of funds and rebounded slowly.

For example, the main line of "infrastructure" and "military industry", as well as the marginal main line areas such as "non-ferrous cycle", "petrochemical industry", "agriculture", "animal husbandry", as well as the "Eurasian Economic Belt", "reform and reorganization of central enterprises and state-owned enterprises", "new era road, maritime Silk Road" several major conceptual themes closely related to the main line of industry plates, concept plates, and related concept stocks, its disk is still fluctuating and declining, although the selling force on the disk, although compared with the morning has weakened, But it still continues to suppress bullish buying.

(End of chapter)