Under such a shift in expectations and heightened emotions.

The next day, Wednesday, November 12, at 9:15, the two markets continued to open high by inertia amid the attention of countless investors on and off the market.

I saw that more than 1,500 of the more than 2,000 stocks involved in the transaction appeared in the form of a red plate opening high.

Among them, the performance of the popular main lines, as well as the core industry sectors and concept plates.

Yesterday, in the news, there was a lot of time to report on the "New Era Road, Maritime Silk Road", "Eurasian Economic Belt", "Reform and Reorganization of Central Enterprises and State-owned Enterprises", and "Shanghai Free Trade Zone...... In the early stage, the main line of 'big infrastructure' and 'big military industry' led the two markets at the initial moment of the call bidding, temporarily overshadowing the edge of the main line of 'big finance'.

And after the two core main lines of 'infrastructure' and 'military industry'.

The core constituent stocks and concept leading stocks in the sector are all significantly higher in the form of a disk, and the three core leading stocks of 'Flush', 'Oriental Fortune' and 'Western Securities' have an initial high opening range of more than 3%.

It is behind the main lines of 'infrastructure', 'military industry' and 'big finance'.

It was the main line of 'technology growth' and 'big consumption' that also rebounded strongly in the intraday yesterday and was undertaken by many main funds to increase their positions.

"The two main lines of 'infrastructure' and 'military industry', as well as the main lines of the 'Eurasian Economic Belt', 'On the Road of the New Era, the Maritime Silk Road', and 'The Reform and Reorganization of Central Enterprises and State-owned Enterprises', have become the core main lines of the two cities." At 9:16, seeing that the market was so open, inside Yanjing Yihe Capital Company, the main fund trading room, Gao Xiang, the head of the trading team, stared at the two markets in surprise and sighed, "I'm wondering if there is really any internal channel news that goes directly to the top management of the ...... of the 'Yuhang Department', how can this fund accurately hit the flashpoint of the main line market every time, it is outrageous." ”

According to the historical operation traces of the 'Yuhang Department' in the past year.

The other party really pinched every turning point of the main line market with great accuracy, and often after the other party concentrated on increasing the position and playing the market, there will always be heavy news on the main line of the market with the corresponding layout, which can be said to be without exception.

This has to make people not think about it.

For example, this time, ordinary investment institutions, in the face of the situation that 'infrastructure' and 'military industry' are weaker than the market trend for one or two consecutive months, especially in the case of panic killing and falling the day before yesterday, and the two main lines have shown a comprehensive breaking trend, the first reaction should be to avoid and wait and see.

However, the capital of the 'Yu Hang Department' has gone the opposite way.

Largely increased the bargaining chips of the stock of 'Huaguo China Railway'.

Although yesterday's Dragon and Tiger list, the important trading seat of the "Yuhang Department" "Fortune Road" only appeared on the buy list of the stock of "Huaguo China Railway".

However, according to the characteristics of the core main capital operation of the 'Yuhang system' in the past.

It can be expected that the other party must have increased its position significantly in the main line of 'infrastructure' and 'military industry'.

And the stocks bought on a large scale are not only 'Huaguo China Railway', but the check that happens to be 'Huaguo China Railway' has been on yesterday's dragon and tiger list, exposing the capital seat of the 'Yuhang Department'.

Of course, he wouldn't be blind to that alone.

The key is that the "Yu Hang Department" funds on the front foot of yesterday's intraday low, a large-scale increase in the "Huaguo China Railway" led by the "big infrastructure" main line chips, the evening news will continue to adhere to the "big infrastructure" strategic economic concept, continue to promote the "Eurasian Economic Belt", "the new era on the road, the Maritime Silk Road" construction, and deepen the "reform and reorganization of central enterprises and state-owned enterprises" reform road, directly promote the expected direction of these main line areas, which has to make him think more.

After all, he believes that there should not always be such coincidences in the financial trading market.

Hearing Gao Xiang's words, Chen Yihe, general manager and fund manager of Yihe Capital Company, laughed twice, and sighed helplessly: "It's not that no one has guessed like you, even I heard about it...... Many red-eyed institutions in the industry have also reported to the regulatory authorities many times, but the regulators have not found anything, and they are trading in compliance and legality, and they cannot find any evidence of insider trading. ”

"That's outrageous." Gao Xiang said, "Is this 'Yuhang Department's President Su really the god of the market?" Can't every judgment of the market be so accurate, right? ”

Chen Yihe said: "Not necessarily, the other party also has mistakes, as far as I know, in the operation of this stock in the past year, there are also a lot of stocks that have been stopped, and the winning rate of its trading is not 100% correct, but it is not missed in the judgment of the direction of the main line market." ”

"That's pretty outrageous." Gao Xiang said.

Chen Yihe replied: "There is no way, since the regulators say that there is no problem, then there can only be no problem, the speed of development of this institution is extremely fast, from the identity of the 'Yu Hang Department' of the Su General Manager, background analysis and analysis of his resume before and after the start of the business, his person does not seem to be a person with a big background, maybe this person ...... It is a natural trading master in the market, and the market has an extremely keen sense of smell, which cannot be compared with ordinary people.

Hey, in fact, we don't need to analyze and think so much about this institution, for this President Su.

If this agency has problems with its operation, sooner or later it will overturn.

If there is no problem, it will not have much impact on us.

In the final analysis, if we want to do a good job in performance, we still have to really implement it in the two markets, and implement it in our own operation strategy and market analysis capabilities. ”

"Well, that's right!" Gao Xiang nodded.

Chen Yihe paused, and then asked: "Gao Xiang, from your point of view, do you think that the two main lines of 'infrastructure' and 'military industry', as well as their related 'Eurasian Economic Belt', 'On the Road of the New Era, the Maritime Silk Road', and the 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', are they still worth investing in and intervening?" ”

Gao Xiang pondered for a while and responded: "I think that in the high-level direction, the policy support is so strong, and the internal determination is so resolute, these conceptual themes, as well as the investment direction of 'big infrastructure' and 'big military industry', in the follow-up market performance, there is a high probability that there is still a lot of potential."

However, it is these main directions, which have risen very high in the first half of the year.

The current position is not very easy to intervene.

Moreover, it seems that in these main line areas, the trend of many core stocks is also quite differentiated, at this time...... It is not easy to choose the core leading stocks with the most potential in the future. ”

Chen Yihe thought for a while, nodded, and said: "Indeed, the core main capital of the 'Yuhang Department', this round of position increase, does not seem to have chosen the previous core sector and core constituent stocks, 'Huaguo China Railway'...... Which branch direction do you think the other party is pressing the treasure in? ”

As a major fund in the market, "Yuhang Department" has the most far-reaching impact on the market.

As the most serious and active core capital in the current market, the investor group follows the trend.

Chen Yihe felt that it would not work if he did not pay attention to the movement of this capital and did not carefully analyze the logic of increasing and building positions of this main fund.

At least don't pay attention to the movement of this money......

It is very likely that when the real main line of the market switches again, it will fall behind significantly and lose the opportunity.

Gao Xiang pondered for a while and said: "The main business attributes of 'Huaguo China Railway' are the same as the main line of 'big infrastructure' before, the main funds in the early stage were hyped together, and the 'Yuhang Department' funds had held large positions in 'Huaguo Construction', 'Huaguo China Metallurgical', 'Huaguo Railway Construction', and 'Huaguo Communications Construction'...... There is no essential difference between these tickets.

If you really want to talk about the nuanced difference......

That is the business nature, which is more inclined to 'railway construction'.

However, this is also uncertain, yesterday's 'Yuhang Department' the main fund, only on the 'Huaguo China Railway' check, increased the position to buy more than 100 million.

This is more than 100 million dollars.

For some ordinary investors in the market, or institutions like us.

That must be a lot of buying, and it can also show that it is a very optimistic motivation to buy this stock.

However, the core main institution of the 'Yuhang Department' is now a large capital management institution with a scale of 100 billion, and for an institution of this size, a net purchase of more than 100 million yuan is not enough.

Therefore, I think it is still difficult to judge the real motivation of the "Yuhang Department" fund to increase its position and its investment strategy plan in the core main line area of "large infrastructure" based on a stock of "Huaguo China Railway", and it can be seen that the main capital of ...... "Yuhang Department" is still not reducing or reducing positions in the direction of "big finance".

I guess that the capital of the 'Yuhang Department' is gradually increasing its position in the main line of 'big infrastructure'.

However, its core main position must still be in 'big finance', especially in the two popular sectors of securities and Internet finance.

As for them, they are currently on the two popular main lines of 'big consumption' and 'military industry' in the early stage.

How many positions there are.

Even before their core positions on these two main lines, how much and how many bottom positions there were, it is even more impossible to judge.

I think so......."

Gao Xiang said this, paused slightly, and then continued: "The two core main lines of 'infrastructure' and 'military industry', the breaking trend of the plunge the day before yesterday is not yet completely recovered, and its weak form has not completely transformed into a strong form.

Not to mention, the current market of active capital groups.

In the case of the 'bull market pattern' getting deeper and deeper, and the expectation of a 'bull market' getting stronger and stronger.

At the same time, the main capital of the 'Yuhang Department' can be clearly analyzed in the direction of "big finance", and there are obvious large-scale position chips.

In other words, the market at this time ......

In terms of the certainty of the market, there is still no core main line that is as strong as 'big finance'.

In addition, the current core holdings of our institutions are mainly concentrated in the main line of 'big finance', especially in the 'securities' sector.

Since the main line of 'big finance', especially the securities and Internet finance sectors, the market certainty is still so high.

And the large-scale capital undertaking and follow-up effect, and even the follow-up positive expectations, have not stopped, and significantly turned from strong to weak.

So, at this time, there is no need to go near and far to adjust positions to follow up the two main lines of 'big infrastructure' and 'military industry', right?

Continue to guard the line of 'big finance'.

As long as the pattern of the 'bull market' remains unchanged, it should still be able to significantly outperform the broader market index and obtain very rich investment returns. ”

"Large-scale rebalancing, at this time, is definitely impossible." After listening to Gao Xiang's words, Chen Yihe responded, "However, the two main lines of 'infrastructure' and 'military industry', under such strong policy expectations, and under the condition that the country firmly implements the macroeconomic reform strategies of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', we still have to pay attention."

The so-called people have no foresight, but there must be near-term worries!

Relying on the line of 'big finance' alone cannot support the entire bull market.

If the main line of 'infrastructure', 'military industry', or other main lines such as 'technological growth' and 'big consumption', with the passage of time, the certainty and cost-effectiveness of its market development exceed the main line of 'big finance', then we should also follow the development of the market and must make strategic adjustments.

'Yuhang Department' is the core main fund.

The reason why its performance can continue to create a market investment myth is the most amazing point for everyone.

It's this institution that can always weigh the pros and cons, and won't get the chips to death on a main line market after grabbing a mainline market!

We have to learn from their strategies, methods, and methods.

Only in this way can we avoid a huge drawdown in a period of time as our fund did before. ”

"Hmm!" Gao Xiang nodded, "Mr. Chen is right, investment can't be hung on a tree, the two main lines of 'infrastructure' and 'military industry', although it is true that we have not yet reached a more obvious position point, but we really can't relax our attention to these two core main lines." ”

After speaking, Gao Xiang put his eyes back on the two markets again.

I saw that the market trading time at this time had crossed 9:19 and reached the real call auction at 9:20.

After 9:19 a.m., the order was cancelled in the last minute.

After eliminating a large number of false pending orders, the real market of the two markets is ......

Compared with the initial stage of the collective bidding of the two cities at 9:15, there is no big change, and under the direct positive impact, the industry sectors related to the two main lines of "infrastructure" and "military industry", as well as the concept plates strongly related to the main themes of "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Reorganization of Central Enterprises and State-owned Enterprises", still show the form of leading the two cities.

Among them, machinery and equipment, commercial real estate, public transportation, non-automobile transportation, national defense and military industry and other industry sectors, as well as high-speed rail, high-speed, revitalization of Northeast China, Shanghai Free Trade Zone and other concept sectors rose first, and many core stocks within the sector were actively buying.

As for the main line of 'big finance' that has always been the core of the two cities.

The securities sector and the Internet finance sector, after the main capital groups in the market were dispersed by the two main areas of "infrastructure" and "military industry", the buying force that took the initiative to undertake was relatively not as strong as yesterday's opening, and the form of high opening was obviously not as good as yesterday, but the relevant core leading stocks within it were obvious 'strong and strong' situation, and the high opening range continued to strengthen at 9:15 a.m.

Others, relatively high and strong 'science and technology growth', 'big consumption' main line areas.

In addition to the 'film and television media', 'domestic software' sector, as well as 'automobile manufacturing', 'auto parts industry chain', 'white goods' plate, but also showed a more positive high opening form and buying active attack, the stronger and stronger disk trend, yesterday's rebound was more strong liquor, retail, smart phone industry chain, supermarket chains, Internet e-commerce and other sectors, basically lost the momentum to continue to open high, strong attack, and the core stocks in these sectors, its active buying on the disk, It's also less active.

Of course, outside of these more core mainline areas.

Others such as 'non-ferrous cycle', 'petrochemical', 'coal', 'pharmaceutical business', 'agriculture', 'animal husbandry'...... and other non-popular core main line areas, which are basically in the call auction stage, with no obvious attention from the main capital groups, and no obvious signs of a sharp increase.

Subsequently, as the call auction time continues.

When the trading time of the two markets reaches 9:25, the call auction of the two markets ends.

I saw that the Shanghai Composite Index finally fixed at a 0.52% increase, while the Shenzhen Index and the ChiNext Index opened 0.44% and 0.46% higher respectively.

"Fortunately, the two cities opened high, not very high, avoiding the risk of rushing up and falling back at the opening."

At 9:26 a.m., in the Shenzhen market, Xinniu Fund Company, in the main fund trading room, Fang Xinsheng, general manager of asset management business and product manager of 'Manniu No. 1' fund, stared at the already fixed pattern of the two markets, breathed a sigh of relief, and said with a smile, "This high opening range, although it is a little less than expected in terms of pre-market market sentiment, but it is obvious that you can take a high look at the follow-up market trend, and look forward to the comprehensive reversal of the index today for the sharp decline trend the day before." ”

"Huh...... Lao Fang, didn't you say that this high opening range is obviously a little less than expected for the pre-market sentiment? Liu Xin, the general manager of the company standing next to Fang Xinsheng, was slightly stunned when he heard his words, and couldn't help but quickly ask, "Then how can you say that the follow-up market can be taken a look at at it?" Doesn't that contradict each other! ”

(End of chapter)