Wait until 11:30, when the two markets close at noon.

Shanghai specified a decline of 3.11%, and its point is only a few points away from 3200 points, barely holding this point, and the Shenzhen Index and the ChiNext Index have also fallen by more than 3%, and the half-day turnover of the two cities has reached more than 440 billion.

As for the core main line areas.

The main line of 'big finance' is relatively resistant, especially the two major industry sectors of banking and insurance, which have become a capital hedging sector in a weak market, and even the two major sectors of securities and Internet finance that have retreated sharply, the overall performance is obviously better than several core indexes.

Although the performance of the main line of 'technology growth' is not as good as that of the main line of 'big finance'.

But it also significantly outperformed the market index, but the core sector, 'film and television media', performed relatively weakly, and the sector index fell by 3.75% in half a day.

Other main line areas such as 'big consumption', 'non-ferrous cycle', 'petrochemical'.

It is basically in sync with the trend of the broader market.

The two core main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', which continued to support the Shanghai Index in the early stage, are still the main line areas of the two cities.

In addition to these core main lines, at the close of trading at noon, the only red plate was the 'sub-IPO' sector.

This sector has become an active short-term capital group within the market today, focusing on the sector of hedging and hugging, and the recent period of new stocks, but also out of the trend of rising against the trend, and like the 'Huake Sugon' check, still maintains the form of the infinite one-word price limit, not affected by the market plummeting trend, its price limit board, the pending orders to grab the chips, are still endless.

Faced with such a noon closing situation in the two markets......

Investor groups inside and outside the market are somewhat shaken.

The main institutional investor groups inside and outside the market are also shocked in their hearts, but they ...... Even if everyone is a little surprised by the plunge pattern of today's market trend, there are not many main funds for real panic selling, or extreme profit-taking selling.

The real main selling chip component is still based on this range, which has just been unbundled.

"With a drop of more than 3 points, I feel that the Shanghai Composite Index should not have such an extreme trend and intraday decline for a long time, right?" After the close of trading at noon, after a brief review, during the rest period, Yuhang, Minghui Capital Group, in the main fund trading room, fund manager He Hong said with emotion, "And...... Today's market volume can perform, compared with yesterday, and even a few days ago, it is obviously a step up.

Such a market pattern moves......

Even if it can't affect the overall 'bull market' pattern, it should also mean that the index is here, entering the stage of shock adjustment, and it is unlikely to continue to hold high and continue to force short, right? ”

On He Hong's side, Xu Zhongji, general manager of the company's asset management business, squinted his eyes and said, "Although I said it...... The index has indeed been held high for so many days, and it should return to the moving average and enter an adjustment cycle, but we still can't judge the future market trend rashly with the results of the half-day market.

Or wait until the end of the market in the afternoon......

In fact, in the 20 minutes before the midday close, the two markets have already shrunk.

I feel that the extreme selling power of the whole market, in the beginning of the hour or so, has been basically concentrated out of the almost, the afternoon of the market, should not be as extreme as the morning, if at this moment in the lunch break, the news can appear on the surface of any clear good news.

In the afternoon, it is not impossible to get out of a wave of deep V trend.

There is also the fact that the market volume can be so large, especially the volume of an hour in the morning can be so large, and the result can shrink back near noon.

This shows that the market is much stronger than we think.

At the same time, this wave of market brought up by 'big finance', in just one or two weeks, the Shanghai Index continued to be short, soaring by almost 15% of the rising range, and the number of profits it accumulated and the number of unhedging orders were many times heavier than before.

So many profit-taking orders and unhedging orders are suppressed.

The market has taken advantage of the small negative news of 'Chengfei Integration', and it is completely understandable to adjust it slightly.

In short, although the market has fallen, we don't have to be pessimistic, let alone be affected by the market's sharp fall and affect our emotions and our own judgment.

I still firmly believe that the index is in this position and there will not be a big correction.

At least 3000 points back should be unlikely. ”

"Why is it unlikely?" He Hong was slightly puzzled and asked, "Logically speaking...... After the index broke through the 3,000-point threshold, it should step back to confirm the substantial breakthrough in the face of the huge space oscillation platform of 2,000 to 3,000 points before. ”

"In trading, the technical side is not constant." Xu Zhongji said with a smile, "You have to see clearly, this wave of index market is mainly driven by the main line of 'big finance', although the Shanghai Index has continued to be short in the past two weeks, and it has risen by nearly 15%.

However, this room for growth.

Among them, the main line of 'big finance' contributes at least 70% of the weight.

The main line of 'big finance', whether it is the future expectation or the fundamental situation, has been reversed.

Moreover, due to the serious poor expectations of the main line of 'big finance', the weight of everyone's position on this main line was not high, and many large capital institutions, including banks, insurance, securities and other large institutional proprietary products, are seriously insufficient for the position weight of the 'big finance' line.

In other words, even now......

There are still countless groups of short-priced funds on the line of 'big finance'.

Many of the main capital groups are still waiting to increase their positions at a low level to further increase their chips and position weights in the main line of 'big finance'.

That is to say, so much short capital.

Under the current expectation, the line of 'big finance' wants to pull back sharply, or fall back to the low level of a week or two ago, so that the main capital groups who are short have to get on the bus at a low level, which is basically unrealistic, and it is also not allowed by a number of main capital groups gathered in the main line of 'big finance' at the moment and have the advantage of holding costs.

And this also means that there is basically no room for decline in the line of 'big finance', at least in the current situation of expectations and fundamental changes, there is no room for decline.

There is no room for 'big finance' to fall.

The other core main lines of the market, such as 'scientific and technological growth', 'non-ferrous cycle', 'petrochemical', 'pharmaceutical business', 'coal', 'animal husbandry', 'agriculture' and other market main lines, have not risen much in the past two weeks.

Since it hasn't gone up much.

At the same time, the overall investment sentiment, investment confidence, liquidity, and group effect of incremental funds in the entire market ...... and a series of other market factors, all of which are significantly better than the period two weeks ago.

Then, these main lines, and even related conceptual subject areas.

Even if it falls back to the original point two weeks ago, how much impact will it have on the index?

What's more, under the condition that various market factors have improved significantly, and the overall bull market pattern of the market has been recognized by more and more investor groups, it is impossible for these mainline concept stocks and constituent stocks to fall back to the original point.

What is it now......

The only thing worth worrying about and paying attention to is the main lines of 'infrastructure' and 'military industry', which were a bit overhyped in the early stage, as well as the concept stocks and constituent stocks that fluctuated around the major concepts of 'Eurasian Economic Belt', 'On the Road to the New Era, the Maritime Silk Road', and 'The Reform and Reorganization of Central Enterprises and State-owned Enterprises'.

These main areas and conceptual themes should be the most vulnerable areas in the market at present.

Well, even so.

In fact, in these main line areas, the room for decline is also very limited.

After all, these two core main lines, and even several major conceptual theme fields, have been adjusted for a period of time when Mr. Su's 'Yuhang Department' funds were withdrawn on a large scale, coupled with the follow-up market core main line, after being transferred to the main line of 'big finance', as the market continued to rise short.

The core constituent stocks and concept stocks in these main areas have not followed the sharp rise.

In other words, compared with the other main lines of the entire market, as well as the conceptual theme plate, it is obvious that the two main lines of 'infrastructure' and 'military industry', as well as the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', will have a longer time and space for adjustment.

That is, before today's market crash.

These main areas have undergone full chip exchange and adjustment, and have fully released their relatively high killing momentum.

What's more, analyze from a macro perspective.

Whether it is the fundamental situation of the two main lines of 'infrastructure' and 'military industry', or the policy expectations for the future of the main line areas of the 'Eurasian Economic Belt', 'On the Road to the New Era, the Maritime Silk Road', and the 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', there is no change compared with before.

All expectations and signs of a fundamental shift are still there.

Since these investment logics are still there, and they continue to strengthen, ...... Where can these main lines fall?

Actually, if you think about it......"

When Xu Zhongji said this, he glanced at He Hong again, and said with a smile: "The news of the failure of the restructuring of 'Chengfei Integration', or the fact that the stock restructuring failed, can it affect the general policy direction of the 'reform and reorganization of central enterprises and state-owned enterprises'?" Can it affect the implementation of the two major macroeconomic development strategies of the 'Eurasian Economic Belt' and the 'Maritime Silk Road in the New Era'? It won't make a difference at all.

The essence of this check is the influence of emotions.

The reason why today's market has come out of the plummeting pattern is just the emotion affected by the check of 'Ride the Fly Integration', and the resonance of the market's accumulated profit orders and unhedging orders.

Let's go! At any time, it is still necessary to see the essence through the phenomenon.

We are not a large group of retail investors who are active in the market, and we cannot blindly be led by the short-term sentiment of the market and forget the fundamental general trend.

Got it......

I understand the essential reason for today's market crash.

Then it can be seen that in fact, today's plunge is not a selling point, but a good buying point! ”

He Hong listened to Xu Zhongji's entire analysis of today's market trend, especially when he heard Xu Zhongji's last sentence, He Hong's eyes were still a little worried, his eyes lit up suddenly, and his mind was like a lightning bolt. ”

Xu Zhongji waved his hand and said, "Hehe, you...... Don't give me a high hat, the so-called bear market rises sharply, the bull market plummets, as long as the general direction logic has not changed, the fundamental investment expectations that support the market have not changed, so short-term extreme fluctuations, but they are just a blind leaf, don't care too much about the past, let's ...... Since a large position has been bet on the main line of 'big finance'.

Firmly judged that this is a wave of 'big bull market'.

Then, there should still be a position like the 'Yu Hang system', when the Shanghai Index broke through 3,000 points in front, it left such a long gap.

Under the condition that the market volume can still maintain 6 or 700 billion.

I don't believe that the market index will turn around so quickly, and I don't believe that the upward trend and bull market atmosphere that I have managed to play out will be extinguished like this.

After all, let's not forget, it's not just us......

The regulators on our heads, as well as the 'national team' group, have been looking forward to the 'bull market' for a long time. ”

"That's right." He Hong nodded, and he deeply agreed with Xu Zhongji's judgment in his heart, and the worry in his heart completely dissipated, and said with a smile, "It seems that most of the funds sold today will have to be regretted later, and they will become potential long-term funds in the future." ”

Xu Zhongji said with a smile: "The bulls and bears inside and outside the market are originally converted to each other. ”

After speaking, Xu Zhongji turned his gaze back to the two markets again.

I saw that during the break at this stage, on the market news, the regulator still seemed to be afraid that the market would panic and fall directly, forming a sluggish situation, symbolically releasing some benefits, and updating some detailed rules for the follow-up 'pension' to enter the market.

Under the influence of this painless good news.

Half an hour later, when the time came again to 1 o'clock in the afternoon, the two markets reopened for trading.

After an hour and a half of emotional brewing and good news, the Shanghai Index, Shenzhen Index, and ChiNext Index finally ushered in a decent rebound.

And the main line of 'big finance' has once again been grabbed by many major funds.

For example, a number of popular core stocks such as 'Western Securities, Oriental Securities, Hengsheng Electronics, Jinzheng Technology, Sunline Technology, Flush, Panda Financial Holdings, and Hua Investment Capital ......' have ushered in a huge amount of active buying at the beginning of the afternoon session, and the stock price has risen rapidly along with the rise of the index.

At 1:05, 'Western Securities' rebounded by nearly 5 points, shrinking the decline to less than 1%.

At 1:10, 'Straight Flush' rebounded and turned red.

At 1:15, when the intraday turnover of 'CEFC Securities' once again exceeded the 7 billion mark, it also rebounded and turned red, and at the same time, the main line of 'big finance' has become the obvious main line of the two cities, and the banking sector index and the insurance sector index have successfully turned red and risen.

At 1:20, the original drop limit of 'Bluestone Heavy Equipment, China Airlines Heavy Machinery' opened the drop limit.

At 1:25 a.m., the main line of "infrastructure" and "military industry", which fell in the morning, also began to usher in a large number of funds to buy the bottom, and rebounded across the board, among them, the "machinery and equipment" sector, as well as the core stocks of the "high-speed rail" and "public transportation" sectors, such as "Huaguo China Railway, Huaguo South Car, Huaguo North Car, Sany Heavy Industry, XCMG Machinery ......" and other stocks, ushered in a large wave of bottom-buying funds.

At 1:30, the Shanghai Composite Index shrank to 2% during the day.

At this moment, seeing that the market rebounded in the afternoon, many core main lines, core stocks, and leading concept stocks in the market rebounded rapidly, ushering in a large number of funds to buy the bottom.

Retail investor groups gathered in the discussion forums of major stock trading platforms on the Internet, as well as stock investment forums and communities.

and large groups of investors gathered in major internal groups.

Finally, there was a glimmer of light in their eyes, and the confidence in the deep V reversal of the market, as well as firm holdings and firm buying! (End of chapter)