"Sure enough, I just said it wasn't so easy to kill, haha......"

At 1:35, the magic capital, Yinghui Fund Company, 'Yinghui No. 1' fund product trading room, fund manager Liu Guanhai saw that the market of the two cities began to fully recover, and at the same time, the Shanghai Index, Shenzhen Index, and ChiNext Index several core indexes have also shrunk to less than 2%, and the securities sector and Internet finance sector in the field of "big finance" have rebounded from the highest intraday decline of nearly 4% to near the red plate, and his heart can be described as excited, and he said with a smile: "This is the bull market." …… All the plunges are all washes, and all the pullbacks are all buying points for short-term capital groups and comprehensive follow-up. ”

"Well, that's true." Yu Lei, the head of the trading team, said with a smile, "Judging from the trend of the disk, from the perspective of the undertaking force of the two cities, there are indeed a lot of capital groups that go short, but today it should still not be able to form a trend of deep V rebound, right?" Looking at the performance of the two cities, this time, it is obvious that it has weakened again, and the active attack of the capital group has now appeared a little weak after consuming a wave at the beginning of the afternoon session. ”

Liu Guanhai squinted and continued to look at the changes in the market for a while, and said with a smile: "Even so...... But the problem is not big, at least the main line of 'big finance' is obviously not deep, there is obvious resistance downward, upward, there are active follow-up active buying. ”

"The line of 'big finance' is naturally easy to rise and difficult to fall." Yu Lei took over and said, "At present, I am worried about 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', which have collapsed by the check of 'Chengfei Integration', and the main line areas of the index and the entire market.

And the main capital groups gathered in these main line areas are obviously a lot in the continuous market for many months!

If you gather the main capital groups in these main line areas.

If you really have doubts about the investment logic of the core main lines of the 'Eurasian Economic Belt', 'Maritime Silk Road in the New Era', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'.

Then, under the influence of such a huge market capitalization volume of these main lines.

I'm afraid that I have accumulated a lot of profit-making funds, and I have also condensed countless 'big finance' main lines that have recently solved the hedging, and it is difficult to stand alone! ”

"The impact of the check of 'Chengfei Integration' shouldn't be so far-reaching, right?" Liu Guanhai pondered, "There are objective reasons for the failure of the reorganization of this check, and this check, today's drop limit, is purely due to the fact that this check was overdrawn too much expectation in the early speculation."

This check was in the midst of the ongoing hype for the first few months.

During the period when the check was used as the leading concept of 'military asset restructuring' and 'military asset securitization', its stock price rose from the bottom and has been continuously speculated by various funds for almost 6 to 7 times.

This high position, not to mention the failure of the restructuring, even if the restructuring is successful, may not be able to support the current valuation of this check.

So, I think this check is an isolated phenomenon.

It is still not possible to judge that there is a problem with the road expectation of the entire 'reform and reorganization of central and state-owned enterprises', 'military asset restructuring' and 'military asset securitization' based on the restructuring failure effect of this check, nor can it explain the country's policy changes in these major macroeconomic strategic plans.

Of course, market sentiment is often irrational.

In the short term, the pendulum effect is inevitable.

Some of the anticipatory concerns raised by this check are normal, and it is normal to overbehave.

But I believe that when the brief period of extreme emotions passes, it will soon ...... The market will re-emerge from relevant expectations and valuations.

After all, it's a bull market!

In the entire market, the group of funds that have gone short, as well as the potential long capital groups inside and outside the market, are completely incomparable with the time of the previous few months, or even the first half a year or a year ago.

There is also the check of 'Chengfei Integration', which has been suspended for a long time.

During this period of time, the entire main line of 'infrastructure' and 'military industry', as well as the main themes of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', are obviously in the adjustment stage.

That is to say, the entire main line of 'infrastructure' and 'military industry'.

As well as its related huge constituent stocks, concept stocks, etc., are completely different from the trend pattern of the check of 'Chengfei Integration'.

Other related stocks are in the adjustment trend of the main line of 'infrastructure' and 'military industry' for more than a month.

It has been adjusted and reacted to the check in advance with the 'Chengfei integration'.

In this way, even if the check of "Chengfei Integration" is reviewed and out of the continuous one-word fall limit, I believe that the impact on the main line of "infrastructure" and "military industry" and the impact on the market of the entire market is very limited, and at the same time, there is no need to worry about the main line plates such as "infrastructure" and "military industry", which will continue to fall and become a serious drag on the follow-up development of the entire market.

On the contrary, I think the two main lines of 'infrastructure' and 'military industry', as well as their related core constituent stocks.

At this moment, it seems to be the last falling pattern. ”

"The last fall?" Yu Lei was stunned and responded, "This should be ...... Not really, right? At present, the position of the early hot main lines such as "infrastructure" and "military industry" is still significantly higher than that of other main line sectors in the market, not to mention, the current early hot main lines are indeed bearish, and the future prospects are not very clear. ”

Liu Guanhai said with a smile: "The market is unpredictable, that is, the expected prospects for the future are not very clear, so the early hot main lines of 'infrastructure' and 'military industry' have only been adjusted for so long. ”

"That's just as well." Yu Lei nodded.

Liu Guanhai chuckled: "It's a pity, the core position of our fund is already in the direction of 'big finance', and there is no more capital to re-deploy the core stocks of 'infrastructure' and 'military industry' that have been preliminarily adjusted and are still expected to be strong in the future." ”

"Everything in the world cannot be perfect." Yu Lei said, "I think that since the main line of 'big finance' is still the core of the market, and this core main line area, whether it is the securities sector or the Internet finance sector, can still outperform the market index, then we will continue to hold firmly, continue to let the profits run, and see what the market is ...... How will it change? ”

After speaking, Yu Lei once again cast his eyes back on the trading disks of the two cities.

At this time, after the market obviously digested a wave of active buying funds, the amount of active buying funds was exhausted again.

The decline of the Shanghai Index, the Shenzhen Index, and the ChiNext Index has begun to expand again.

At the same time, 'big finance', 'technological growth', 'infrastructure', 'military industry', 'non-ferrous cycle'...... Wait for the core main line of a comprehensive rebound at the beginning of the afternoon session.

At this moment, it also began to re-oscillate downward, and the decline in the disk expanded again.

At 1:42, the Shanghai Composite Index reextended its decline to more than 2.5%.

At 1:55, the check of 'Blue Stone Reloading', which had rebounded sharply in the intraday, fell again, hitting the fall limit for the second time, and similarly, the 'military' sector index once again touched the intraday decline mark of 3%.

At 2:06, the Shanghai Composite Index fell nearly 3% during the day.

At 2:17, the turnover of the two cities exceeded 670 billion yuan, and the number of stocks in the two cities was originally back to 29, but now it has expanded to 50.

At 2:22, the Shanghai Composite Index fell sharply, refreshing the intraday low and intraday decline.

At the same time, the securities sector and the Internet finance sector in the main line of "big finance" also fell by more than 2% again, and all the industry sectors and concept sectors in the two cities, only the "new stocks" still maintained a red market.

After more than an hour of violent shock.

After consuming a large number of active undertaking capital groups, as well as buying capital groups.

The major indices in the market, as well as countless popular stocks and concept leading stocks...... It was not able to really reverse the decline and achieve the deep V rebound trend expected by many people.

And when the time arrives at nearly 2:30, it enters the last half hour of the trading session at the end of the session.

Everyone found that the market index, as well as the intraday market, is indeed no longer likely to reverse, and at the same time, the plunge pattern of the entire market can no longer be reversed.

As a result, there was still a hesitant group of short-term profit-taking funds in the market who wanted to hold a position to observe.

and unhedging fund groups.

At this moment, it is finally pouring out.

At the same time, the over-the-counter position is insufficient, or a large number of investor groups who are interested in following up, seeing that the extreme adjustment of the market has not ended, and the plunge is very likely to continue.

And the influence of these two different directions of emotion......

Naturally, the market long-short power, and even long-short sentiment, are fully unbalanced at this moment.

As a result, after the market has consumed a lot of the most aggressive buying power, it can no longer bear it in the late stage, when faced with short-term profit orders and unhedging chips that are still selling on a large scale.

So, when the market is trading, it is past 2:30.

Whether it is securities in the field of 'big finance', strong constituent stocks in the Internet finance sector, or weak stocks in other main line areas, or even the leading stock group that fell in a straight line at the beginning of the market...... At this moment, its disk trend is all out of balance.

Selling orders overrode buying orders across the board, pushing the stock price straight down.

At 2:35, the number of stocks in the two cities broke through to 75.

At 2:38, in just three minutes, the number of stocks in the two cities quickly touched about 90, reaching a new peak in the number of stocks in the day.

At 2:40, the Shanghai Composite Index further refreshed a new intraday low and fell below 3,200 points.

At 2:42, the Shanghai Composite Index expanded its intraday decline to 3.78% and began to quickly reach the 4% decline mark.

At 2:45, 'CEFC Securities' refreshed the intraday low point in the form of violent shocks under the terrifying volume of 11.789 billion in the intraday turnover, and the intraday decline exceeded 3%, and at the same time, the securities sector index plummeted, and the intraday decline also reached the 3% mark.

At 2:46, the 'military' sector index fell by 6.22% during the day, and the entire sector set off a tide of falling limits.

At 2:47, the 'film and television media' sector also fell in a straight line, and the intraday decline expanded to 5%.

At 2:48, the number of stocks in the two cities broke through to 120, and the phenomenon of "100 shares falling limit" after a long time was once again presented in front of all investors who paid attention to the market.

At 2:49, the decline of the two major indexes of the Shenzhen Index and the ChiNext Index also expanded to more than 3.5%, of which the A50 Index fell by 4.22% during the day, and the huge negative line engulfed the gains of the previous several trading days.

At 2:50, there were about 2,000 stocks in the two cities, and only 102 stocks remained in the red market, with a red market rise rate of less than 6%.

And when the two markets enter the stage of the last 10 minutes before closing.

Whether it is an index or a single stock, the phenomenon of killing and falling has not stopped, but is still intensifying.

At the same time, at this time, the market's active buying capacity has also begun to weaken further, and panic selling is also further strengthened.

And at this time, the total turnover of the two cities.

It has also expanded to more than 740 billion yuan, further refreshing the market turnover and approaching a new high in the history of A-shares.

In the face of the extreme killing and falling phenomenon that is no different from the early trading stage.

At this moment, the entire investor group that pays attention to the market, including institutions, large investors, and retail investors, and investors who were originally more determined, can't help but have a burst of panic and worry in their hearts.

After all, many people anticipated today's market correction.

But no one expected that the entire market would hit a new low in a more rapid manner after obviously repairing a period of decline in the afternoon.

Thus burying all the capital groups that are undertaking.

The fund group that undertook the day no one made money, which also restricts the follow-up fund group that dares to continue to undertake the market in the tail stage.

So...... The long-short power on the disk is becoming more and more unbalanced.

"Damn, this trend is crazy, it makes people's scalp tingle."

At 2:52, before the close of the two cities, in the trading room of the same Yinghui Fund Company, the 'Yinghui No. 2' fund product trading room, fund manager Shao Xiaoyun stared at the Shanghai Index, which had expanded to the 4% decline mark, his brows were furrowed, his heartbeat was obviously a few beats faster than before, and his expression was full of surprise: "Today's huge amount of yin line is simply a strong breakthrough pattern that has been gathered together in the past two weeks, and it has been directly cut off, the key is ...... It directly destroyed the money-making effect that lasted for many days! ”

The fund he is in charge of has maintained a locked position today.

Originally, an hour and a half ago, he was still a little complacent about today's trading strategy of calmly locking positions, but now...... He really regretted it.

Such an extreme downward trend pattern.

Even if the pattern of the 'bull market' is not fundamentally shaken, it wants to be repaired...... I'm afraid it's also extremely difficult.

"It's really overkill." Hearing Shao Xiaoyun's words, Liu Changling, the head of the trading team, also had an obvious worried look in his eyes, "In the absence of any big negative situation, such a killing will obviously affect the bullish sentiment of the market, I really didn't expect it...... The short-term profit orders and unhedging orders that have been continuously accumulated in the market are so terrifying that they can cause such great damage in this industry. ”