Fang Xinsheng heard Liu Xin's puzzled words, smiled, and responded: "It's not that the stronger the opening sentiment, the greater the higher the index, the greater the hope of the follow-up market strengthening."

We all know that the market plummeted the day before yesterday.

The main reason for this is that the market is under heavy short-term profit-taking and hedging pressure in this index range, which shows that the upward pressure on the index in this range is heavier than we thought.

After the adjustment of the market in the past two days, although the short-term profit order and the unhedging order have been digested a lot.

But there is still a real pressure.

Especially in the range of 3250 to 3300 points, the market fell rapidly in this range the day before yesterday, and it did not stay much, that is to say, the profit and unhedging of this range, and the digestion situation was not very ideal before.

Since the Shanghai Composite Index is in the range of 3250 points to 3300 points, the profit-taking and unhedging selling pressure still exists substantially.

So, if you don't go through a full turnover of hands, directly rely on the pre-market long sentiment, and open high to cross the main plunge range with a very low turnover rate when the previous day's plunge trend, do you think you can stand firm under the heavy selling pressure?

Obviously, it can't, after all, the long-term fund group did not follow up so quickly.

What's more, the index opened too high, and many potential long capital groups who were not willing to undertake the chase at a high level would hesitate when they undertook it.

So, before the pressure above is substantially resolved and digested.

The bullish sentiment brought about by the good news should not be too strong, and at the same time, the market should not open too high, which will lead to a lack of follow-up funds.

Once the attack is too fierce, the potential long capital group follows the trend and does not keep up.

Then, the mood will change from prosperity to decline, but it will hurt the entire long confidence of the market, making the potential long capital group even more hesitant to follow the trend. ”

"Well, Mr. Fang is right." Mu Zhengxing, the product manager of the company's 'Manniu No. 2' fund sitting next to Fang Xinsheng, pondered for a moment, and nodded with a smile in response, "Whether it is the market or emotions, it must be gradual, otherwise it will always be too much." ”

The market plummeted the day before yesterday, which was the overheating of the market bullish sentiment before.

The continuous short rise of the two markets has led to the excessive profit accumulation in the short term and the unhedging has not been fully digested, which has formed a huge suppression on the upward trend of the index and the development of the main market trend.

This is also true in intraday market trends.

If the opening sentiment is too hot and the opening position of the index here is too high, then the selling pressure on the market is bound to grow further, suppressing the market, and at the same time, it will also restrict many potential long funds who are not willing to chase high to undertake, which will cause a huge risk of the index and the market rising and falling.

Today, the market is opening like this.

That is, it maintained the situation of opening high, showing a strong attitude of the bulls.

At the same time, the high opening range is not very large, did not really touch the heaviest piece of profit and hedging selling pressure above, did not cause excessive selling pressure of potential short forces, obviously still help the market after the official opening, bullish sentiment and potential long capital groups to further ferment and follow the trend.

This is also what Fang Xinsheng said, which is slightly inferior to the pre-market expected opening pattern.

On the contrary, you can take a look at the fundamental logic and reasons for the follow-up market.

"I see!" After listening to the explanations of the two, Liu Xin suddenly realized in his heart, "I thought that this opening situation was already a reflection of the weakness of the market." ”

"However, Mr. Fang, today's active capital flow in the market, the core main line direction and popular sectors that the majority of investors focus on, compared with yesterday, are obviously scattered!" After a pause, Mu Zhengxing continued, "If the two main lines of 'infrastructure' and 'military industry', as well as their related 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', can not be consistent with the core main line of 'big finance'...... I'm afraid that today's market trend is still not optimistic, right? ”

Fang Xinsheng nodded slightly, and responded: "The problem should not be big, the overall liquidity of the current market is still very abundant, and the market turnover of more than 700 billion yuan is able to support the outbreak of several major main lines at the same time, and the interactive rotation of several core main lines is also obviously beneficial to the overall market development and the deepening of the 'bull market' pattern."

It is...... At present, the two main lines of 'infrastructure' and 'military industry', as well as the main lines of 'Eurasian Economic Belt', 'New Era, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', are still in a bit high.

I always feel that there is still a bit of a problem with the space and time for adjustment.

But now that the 'Yuhang system' has been re-killed in this field, and on the macro policy news, the blockbuster benefits have indeed continued one after another, and the overall 'bull market' pattern and 'bull market' expectations in the market are indeed continuing to deepen, so ...... Even if there is still a little hesitation in my heart, I can only respect the market. ”

Hearing this trace of doubt in Fang Xinsheng's heart, Mu Zhengxing's expression turned grim and asked: "Fang always feels that ...... 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', may not have been adjusted in the entire general direction, or ...... Is there a high probability that this round of lows will be stepped back in the future? ”

"Not sure!" Fang Xinsheng sighed lightly and continued, "There is no substantial logical evidence, it's just my feelings, in general...... At this time, the main line of 'infrastructure' and 'military industry', as well as the main line of the entire 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', and 'Shanghai Free Trade Zone', are obviously not as good as the line of 'big finance' in terms of certainty. ”

"In that case, why are we analyzing so much?" Liu Xin didn't understand for a while, and said with a smile, "Shouldn't we continue to hold the chips of the main line of 'big finance'?" ”

Fang Xinsheng responded: "The analysis still needs to be analyzed, not to mention that our institution's fund products are hanging on a core main line of the market, and the fluctuation of the net value of the fund is too large, in case of extreme risks, it is not easy to stop loss, just say that the two main lines of 'infrastructure' and 'military industry', as well as the main lines of the core concepts of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', have been the core driving force of the market this year."

If we can't perceive and understand the market trend of these core main lines and the general position of the current trend.

Then, once the market has a relatively large change and the core main line switch.

In the absence of figuring out the specific trend position of other core main lines, we do not dare to rashly adjust positions and change investment ideas.

So...... It will completely lag behind the market and even underperform the broader market index. ”

"Xinsheng is right." Hearing this, Liu Xin nodded with a smile, and greatly agreed with Fang Xinsheng's opinion, "Since the capital of the 'Yuhang Department' can harvest the excess returns of the market through the switch of the main line market at a critical moment, then...... I think we can do that. ”

After speaking, he returned his gaze to the two markets displayed on the big screen in the trading room.

I saw this time.

The market trading time has come to 9:30, and the two markets ushered in the official continuous auction trading session.

At the moment when the two markets just began to beat.

After a short five-minute emotional brewing from 9:25 to 9:30, as well as many main funds in this time period, for the combing and analysis of the disk, as soon as the market opened, the two main lines of "infrastructure" and "military industry" related industry sectors, such as "building decoration", "building materials", "commercial real estate development", "steel", "machinery and equipment", "public transportation" and other industry sectors, as well as with the "Eurasian Economic Belt", "the new era on the road, the Maritime Silk Road", " The reform and reorganization of central enterprises and state-owned enterprises, the three core concepts of the theme of the strong related to the concept of the plate, all collectively by the main capital buying rapid attack, a number of plate indices have risen sharply.

At 9:31 a.m., yesterday's "Yuhang Department" funds focused on buying the "Huaguo China Railway" check, which instantly became the core leader of the entire "large infrastructure", "Eurasian Economic Belt", "New Era Road, Maritime Silk Road" several main line areas, the stock price rose from the 1.22% position of the high opening, jumped to the position of 3.5%, and within a minute, the straight line rose to more than 2 points.

And with the straight line of the check of 'Huaguo China Railway'.

Other core stocks of the main line of 'big infrastructure', such as 'Huaguo Railway Construction, Huaguo Metallurgical, Huaguo Construction, XCMG Machinery, Sany Heavy Industry, Huaguo South Locomotive, Huaguo North Locomotive ......' and other weighted stocks, have also exploded, showing an extremely strong rebound trend.

Of course, at this moment.

These core main areas have suffered an extreme sell-off and an extreme plunge in a number of concept leading stocks the day before yesterday.

For example, the previous stocks such as 'Beijiang Jiaotong Construction, Pudong Construction, Shanghai Construction Engineering, Shibei High-tech, Huaxin Cement, Bayi Iron and Steel ......' have also risen rapidly.

Almost at the moment of opening, the core main capital group of the market, a large number of active short-term capital groups.

They are rapidly pouring into the two core main lines of 'infrastructure' and 'military industry', as well as the main lines of core concepts such as 'Eurasian Economic Belt', 'On the Road of the New Era, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', which are directly impacted, and are frantically scrambling to raise.

And in these core main lines, the moment when the active capital group at the beginning of the market is frantically devoured.

It's obvious......

Yesterday, the main line of 'big finance', which was the core of the market rebound, especially the securities and Internet financial sectors that had fully reversed the decline of the previous day, the buying power at the moment of opening was not as strong as yesterday, whether it was the plate index, or the core constituent stocks within the plate, and the popular leading stocks with high market attention, at this moment, they all maintained the high opening range of the opening shock, and there was no rash rush to pull up, and there was no long buying funds, and it was obvious that the short selling suppressed state.

As for the main line of 'technological growth' and 'big consumption'.

and even other 'non-ferrous cycles', 'petrochemicals', 'pharmaceutical commerce', 'agriculture', 'coal'...... and other marginal mainline areas with lower capital attention and investor attention.

The main capital attack at the opening, as well as the active buying capacity.

Compared with the main line of 'big finance', it is naturally weaker.

At 9:32, thanks to the large number of active capital groups inside and outside the market, a large number of active capital groups converged on core concepts such as 'infrastructure', 'military industry's main line, as well as 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises'.

At 9:33, the check of 'Chengfei Integration', under the surging large order bottom, suddenly opened the fall limit, and the stock price rose sharply.

At 9:34, the entire "reform and reorganization of central enterprises and state-owned enterprises" concept plate index, rose rapidly by 2%, a number of central enterprises and state-owned enterprises with "reform and reorganization" conditions, have ushered in the violent rush of funds from all walks of life, and its disk trend is completely different from the day before yesterday when it plummeted.

At 9:35, the stock price of 'Chengfei Integration' rose violently, and the intraday decline shrank to less than 5%.

At 9:36, the core leading stock of the main line of "big infrastructure" of the "Yuhang Department", which is the new "Yuhang Department", rose rapidly through the 5% mark in the day, and the turnover within 6 minutes also soared to 700 million positions, compared with yesterday's disk trend and the same time period in the previous period, it can be described as a large explosion.

At 9:37, the popular stock of "China Airlines Heavy Machinery" in the "military" sector expanded its intraday rise to about 7%, and there is a trend of impacting the price limit.

At 9:38 a.m., the check for 'aerospace development' also soared to a 5% increase.

At 9:39, driven by the comprehensive rise of the main lines of 'military industry' and 'infrastructure', as well as the main lines of 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', and 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', the intraday increase also expanded to a 1% increase.

At the same time, the Shenzhen Index and the ChiNext Index also followed suit, with an increase of nearly 1%.

And at the time of the all-out counteroffensive of the popular main lines in the early stage of 'military industry' and 'infrastructure'.

The market's bullish sentiment and bullish confidence, as well as the trend of the main funds following the trend and continuing to increase their positions, are also continuing to increase, so that the main lines of 'big finance', 'technology growth', and 'big consumption' are also rising rapidly at the same time, and they have been attacking with volume.