With the continuous investment and increase of these capital groups.

At 10:15, the core indices of the Shanghai Index, the Shenzhen Index, and the ChiNext Index hit a new intraday high again, and the intraday gains expanded to more than 2%.

Immediately afterwards, there are a number of core main lines such as 'big finance', 'technological growth', 'infrastructure', and 'military industry'.

It is also rising across the board, constantly breaking through new intraday highs.

Then, just when everyone thought that the Shanghai Composite Index would continue to break through upward, regain yesterday's lost ground strongly, and comprehensively form a reversal of yesterday's plunge trend.

At 10:36 a.m., after the market had fully passed an hour or so of trading hours.

At a time when the bullish sentiment in the market is rising and fully recovering.

The time-sharing trading volume of the market, however, showed obvious signs of shrinkage after a large amount of buying funds were consumed at the beginning of the session, and the upward trend began to be obviously weak.

After that, the Shanghai Composite Index, as well as other core indices in the market, pulled back.

At 10:42, the Shanghai Composite Index fell back to within the 2% increase mark, and at the same time, a number of popular core stocks such as CEFC Securities, LeTV, Netspeed Technology, Hengsheng Electronics, Oriental Fortune ......, etc., which rose in the early market, showed a large divergence, and the active buying volume could begin to decay, while the active selling volume began to increase.

At 10:52, the Shanghai Composite Index continued to fall, and the time-sharing energy also continued to decline.

When the time is bought until 11 o'clock, it enters the last half hour of the morning trading session.

I saw that the whole market rose and fell, and it was further clear that at the beginning of the morning session, several popular core stocks that were on the board to block the price limit board were blown up.

At 11:10, the market in the sublime divergence, the active capital group, began to further to the 'big finance', 'science and technology growth', 'infrastructure', 'military industry', 'big consumption' and other core areas of the main line of the party, but also to continue to outperform the market index of the core main line of the gathering.

At the same time, the fragmentation of the entire market has formed.

Stocks in the core and popular main line areas, under the further concentration of active capital groups, have restarted their upward offensive and recovered the intraday drawdown, while other non-core main line concept stocks and constituent stocks have shown further shrinkage and a weaker and weaker disk trend.

At 11:20, the check of the 'Hua Investment Capital' with a daily limit suddenly exploded.

At 11:21, driven by the trend of the core stock of the brokerage company, the entire securities sector index fell rapidly by nearly 1 point within one minute, and at the same time, Huaxin Securities, Huatong Securities, Western Securities, Huashang Securities, and Founder Securities ...... and a large number of core constituent stocks, the stock prices have fallen rapidly, and the main selling forces on the disk have taken the opportunity to surge out.

At 11:21, the "Blue Stone Heavy Loading" sub-new stock sector leading concept stocks also appeared traces of large-scale fried boards, but did not wait for the disk to completely explode, in the early trading stage, the main funds of the main seal of this stock, and then through the form of pending orders, quickly increased the disk seal of this stock.

At 11:22, almost all the popular stocks in the two markets fell further.

At 11:23, 'Banking', 'Insurance', 'Petrochemical', 'Nonferrous Cycle', 'Pharmaceutical Business'...... and other market-related industry sectors, concept plates, and many of their core constituent stocks have fallen back to the high opening position at the opening moment.

At 11:24, 'CEFC Securities' fell more than 2% from its intraday high.

At 11:25, the Shanghai Composite Index rose within the day and further fell back to about 1.5%, while other Shenzhen Index and ChiNext Index still retreated below the 1.5% growth mark.

At 11:26, the number of fried stocks in the two cities broke through to 10.

At 11:27, a number of stocks in the main line of "technology growth" such as "LeTV", "Netspeed Technology", "Guangguang Media", and "Huayi Brothers" also fell back and touched the high opening gains at the opening position in early trading.

At 11:28, the overall market was further differentiated.

Finally, at 11:30 a.m., the two markets ushered in the moment of noon closing.

I saw that the Shanghai index was listed at a 1.46% rise position, and the risk of holding the 3200 point mark, while the Shenzhen Index and the ChiNext Index have fallen from the intraday high to the 1.2% increase mark, and the trading volume of the two cities can shrink significantly after 10:30.

On the whole, the half-day turnover of the two cities, compared with yesterday, has shrunk by about 35 billion.

In addition to the issue of index performance and volume.

In terms of the performance of the core main line of the market, in addition to the "new stocks", "Internet e-commerce", and "Internet finance", there has been no significant intraday retracement of several core popular concept plates, and they are still in a relatively high state of consolidation and shock...... This industry sector.

There has also been a very obvious trend of increasing volume and then shrinking and retracting sharply.

According to this closing state......

Originally, before 10:30, a large number of undertaking capital groups followed aggressively, as well as tens of millions of retail investor groups on and off the market.

At the moment, most of them are a little disappointed.

Originally, everyone thought that the market showed such a strong market trend in the morning one-hour trading session, and it should continue to rebound and fully recover yesterday's losses, but after 10:30, it gradually fell back from the intraday high and was trapped near 3200 points.

Of course, even many investor groups are looking for an hour of market performance close to noon.

It's disappointing.

But on the whole, today's market trend, compared with yesterday, is still remarkable.

Although the vast majority of stocks in the two cities have walked out of the trend of rising at the beginning of the market and volatile and falling back near noon, the more than 2,000 stocks involved in the trading in the two cities still maintain a red market rate of more than 85%, that is, there are still more than 85% of the stocks in the two cities, and they maintain the state of red market closing at noon.

Overall, the pattern of the market rebound has not been destroyed.

Moreover, although the index has fluctuated a lot, the closing point is still clearly above the point at the beginning of the session.

"Compared with the intraday high, it has fallen by almost 1 point!"

After the closing of the two cities, in a brief review, Yu Hang, Yu Hang Investment Company, in the main fund trading room, Wang Can, who was observing the disk, frowned slightly, and said with some concern: "Look at this trend pattern, the Shanghai Index rebounded through 3200 points, the pressure above is not small, if the afternoon is still such a performance, I am afraid that the entire market will inevitably continue to go down, recovering yesterday's huge decline, and there is no way to talk about it." ”

"In the early session, the Shanghai Composite Index attacked too quickly and crossed the 3200 point too quickly." Hearing Wang Can's words, Zhao Lijun took over and said, "Yesterday, the market fell rapidly, and the core position undertaken by the main capital group was the range from 3200 points to 3270 points in the Shanghai Index.

In other words, once the Shanghai Composite Index quickly crosses the 3200 level, it will suppress the number of chips on the upward side of the index.

There will obviously be a level of growth.

At the same time, although the investment sentiment and investment confidence of the entire market have recovered compared with yesterday, there are still many investor groups with doubts and worries.

Like what...... Aren't you? ”

When Zhao Lijun said this, he laughed, glanced at Wang Can, and then said: "There are still residual profit-taking orders and unhedging orders, which will also suppress the upward movement of the market at this time."

Under the suppression of these forces.

When the market consumes the most aggressive and powerful active buying power in the morning.

The bulls can't keep up with it for a short time and can't continue to continue to undertake the selling orders sold above, so it is very natural for the shock to fall back.

Actually, we don't have to worry too much.

Although, this morning, the index has rebounded aggressively, and the pattern trend of shock and decline looks a little scary.

However, on the whole, the chip structure of the market is still changing in a continuous way for the better, and it is gradually shrinking in the fall, at least compared with yesterday, it is continuing to shrink, which shows that although there are many selling forces above the market at this moment, it can slightly suppress the bulls, but compared with yesterday, it is already a state of obvious attenuation.

Predictable......

With the passage of market trading time, there are floating chips, short-term profit-taking orders, and short-term unhedging orders in the market...... It is decreasing further.

This gives the index the motivation and foundation to continue to attack in the future.

At the same time, don't forget that the market is still running in the 'bull market' stage, and the 'bull market' expectations and emotional atmosphere of the entire market are still in a state of gradual deepening.

There is also a group of short-priced funds outside the market, although there is some hesitation.

But it still continues to flow in.

This in and out, although the process may be a little tortuous, can be exponential, there is always no departure from the trend, only an upward road to go.

Not surprisingly, as long as there is a lunch break, there is no heavier bearish strike.

I think that in the afternoon trading session, the index will definitely regain its volume after the market tick volume can further decay.

If the disk trend in the morning is mainly a process of eagerly attacking and falling back, then the disk trend in the afternoon is very likely to be a slight pullback, gradually shaking up, and re-impacting the intraday high. ”

"Well, I agree with Manager Zhao's analysis and judgment." Hearing Zhao Lijun's in-depth analysis of the disk, at this time, Zhang Guobing also smiled and said, "The market trend in the morning, the reason why the index rose and fell back was because the attack was too urgent, the rise was too fast, and the bullish power did not completely keep up, which led to the reason why it was suppressed by the bearish power above. ”

"The problem with the index should not be big." At this time, Zhu Tianyang also answered, "Our main focus should still be on the core main line of the market."

Look at this morning's market action.

Obviously, the securities and Internet finance sectors in the direction of 'big finance'.

'Internet e-commerce' and 'film and television media' in the main line of 'technology growth'.

'Retail', 'automobile' and 'white electricity' sectors in the 'big consumption' sector, 'national defense and military industry', 'machinery and equipment' and 'high-speed rail' in the two main areas of 'infrastructure' and 'military industry', as well as a 'sub-IPO' sector.

It has become a pioneer in the rebound of the market.

If the follow-up market continues to advance and quickly recover lost ground, these sectors are likely to continue to strengthen and continue to outperform the market index, and it is worth our attention.

Among them, the sector of 'national defense and military industry', after a bit of a fall today, the bottom of the reversal trend.

I think we should take the opportunity to get back some of the best chips in this sector.

There are also the 'machinery and equipment', 'high-speed rail', and 'public transportation' sectors mentioned by Mr. Su before, which seem to be ...... today It is also obvious that there are major capital groups that have increased their positions on a large scale at the bottom.

We need to further accelerate our position increase in this area.

As for the securities and Internet finance sectors in the direction of 'big finance', at present, they are still the core of the market's weight, and they should not have reached the real point of divergence in expected fulfillment, and they can continue to hold heavy positions. ”

"In fact, the field of 'film and television media' is also worth noting." Liu Yuan thought for a while and said, "This field feels a bit of an adjustment to the end, and there is also this field, in terms of follow-up expectations, there is a certain expectation difference, but this line, the market value is small, even if we can intervene, we can only do it as a branch market." ”

"At present, the focus is mainly on the two major sectors of 'securities' and 'Internet finance', as well as focusing on the fields of 'infrastructure' and 'military industry', the conceptual theme sector and related industry sectors I mentioned earlier." In the discussion of everyone, Su Yu answered with a smile and said, "Although the other branches also meet the conditions for opening a position and entering the game, it is ...... Only by doing the core can we capture the excess returns of the market. ”

"Hmm!" Everyone nodded, and then their eyes returned to the two markets.

And over time......

The one-and-a-half-hour break at noon can be described as a flash.

During the entire break, there was no particularly noteworthy positive or negative news at noon.

Therefore, when the market re-ushered in the trading session and re-entered the continuous auction trading, the major indexes, as well as the major core stocks, the industry sectors and concept sector indices in the major weighted main line and popular main line areas did not perform very strongly, and they still continued the shrinkage shock trend at the end of the morning.

Until 1:32 p.m.

'Western Securities', a highly leading stock in the securities sector, as well as the top five popular stocks in the two cities in terms of attention and discussion, suddenly launched an impact on the price limit under the main attack of continuous 10,000 large orders, and at the same time, 'Hua Investment Capital' returned to the price limit.

At this time, the entire market, as if it had just woken up from the sleep of shrinkage shocks, once again completely woke up!