"That's right!" Shao Xiaoyun was also puzzled for a while, "On the market news, there is nothing negative!" ”

Liu Changling pondered for a moment and continued: "It may be that there are investor groups inside and outside the market, the current expectations are too high, at this time, since everyone thinks that the market is already in a state of comprehensive 'bull market', then there is no good, it is equivalent to bearish, and the market index cannot open high and go high, which is equivalent to weakness."

There is also a shadow in everyone's mind about the market crash the day before yesterday.

Once the index is blocked at 3300 points, and there is no definite heavy positive support on the macro news, then everyone will inevitably think about it.

There is a shadow of the plunge the day before yesterday.

Today's market is below 3300 points, flat opening and falling, and the bulls are declining, which is easy to understand.

Hey, it seems that the index may still have to step back on the plunge low two days ago, and then determine the support position of the pullback, we increased our positions yesterday...... It seems that I did rush a little. ”

"From 3200 to 3300 points, a new oscillating platform has been formed?" Hearing Liu Changling's analysis, Shao Xiaoyun roughly understood what he meant, and asked with a frown.

Liu Changling thought for a moment and bowed slightly: "Very likely!" ”

"What the hell is ......" Shao Xiaoyun couldn't help but scold, "The trend pattern of the index is really good!" ”

Their fund has recently increased its position passively twice, and basically bought near the 3,300 point position, which is near the two highest points of the index.

This has created a situation where they are completely passive at the moment.

Therefore, Shao Xiaoyun saw that the index did not advance but retreated, and there was a high probability that it would continue to adjust, so he couldn't help but scold his mother.

"Now...... What to do? After a few seconds of silence, Shao Xiaoyun continued, "Do you want to reduce your position again?" ”

Liu Changling thought for a while and responded: "I am afraid that it is not appropriate to reduce positions to avoid the possible downward adjustment range, since the overall trend of the market is still in the pattern of 'bull market', and the multiple positive factors that can be expected in the follow-up are still there, then, even if the index falls for a short time, the follow-up will rebound as quickly as the trend of the past two days.

However, it cannot be said that there is a mistake in the overall position increase strategy.

After all, in terms of the medium and long-term goals of the future market, the stock chips we get at present still have a high cost performance, and there is a high probability that they can make money.

So, my advice is......

Since we missed the best reduction node before, and now the index has relatively retraced to the intraday low, we can only continue to hold the chips, waiting for the market to clear this part of the concentrated sell-off, and rebound again with the help of the continuous incremental capital group. ”

"Hey......" Hearing Liu Changling's words, Shao Xiaoyun couldn't help but sigh lightly again, and said, "In a volatile situation, once you step on the wrong rhythm, it is indeed easy to be harvested back and forth by the market, since this is the case...... Then listen to you, first hold the chips, hold back the drawdown, and see the subsequent trend of the market. ”

After speaking, Shao Xiaoyun once again set his eyes on the trading disks of the two cities.

At this time, the market trading time has traveled to about 9:50.

After 20 minutes of trading time after the opening, the core main lines of 'big finance', 'big infrastructure', 'big consumption', and 'technology growth' were fully extinguished and pulled back.

The Shanghai Composite Index has fallen below the 1% mark and reached the 1.17% decline.

At the same time, the index point has also fallen back to around 3240 points, completely falling below the 3250 point in the hearts of bullish investors.

The good thing, though......

At a time when the index is falling rapidly, the performance of the two markets is obviously smaller than yesterday.

Although the trend of the tick chart is somewhat similar to the unilateral plunge two days ago, it is obviously different in terms of volume and performance.

This shows that the market at this moment is concentrated on selling volume.

Although it can still suppress the amount of long funds undertaken, it has been greatly weakened compared with the previous two days.

This also shows in disguise that in the interval of the index, a large part of the free selling volume has indeed been cleaned up and washed out in the early stage.

Of course, as a group of novice retail investors who have newly entered the market in the last month, or even half a month.

It is not possible to analyze it to this point.

There are also countless large groups of retail investors who have limited knowledge of the market and are unable to recognize this step.

Therefore, at a time when the major indices in the market are obviously shrinking and falling, these retail investor groups, based on the psychological effect of panic, are still following the trend and selling.

"The time-sharing energy is gradually decaying."

Different from these retail investor groups with limited cognition, as professional investors in the market, there are many main capital institutions in the institutional investment group at this moment, and they have clearly discovered this change in the market, among them, Yu Hang, 'Jingda Investment' company, in the main fund trading room, as the company's main fund product fund manager Lin Tingzong's eyes were bright, and he said with a smile: "At this time, the amount of energy begins to decay, if I expect it to be good...... This wave of killing and falling in early trading should just be a short lure. ”

"Lure the Sky?" Next to Lin Tingzong, Gu Chijiang, the general manager of the company, was slightly stunned.

Lin Tingzong nodded and continued: "Otherwise, there is no reason why the index will kill more fiercely, but the amount of energy will shrink, which can only show that the core main capital groups in the market, especially the super main capital institutions that hold a number of popular weighted stocks and mainline weighted stocks, have not sold on a large scale at all."

From the perspective of the change of quantity and energy......

This morning, the focus is still on the short-term profit-taking fund group deposited in the market, as well as the recently unbundled unhedging fund group.

Of course, there is also some speculation fund groups to adjust positions and swap shares.

After all, the market pattern trend in the morning, the concept of small and mid-cap stocks, is obviously stronger than the heavy-cap stocks.

Historically, the concept of small and medium-cap stocks has been the area of concentrated speculation by large investors in the market.

Since a number of super main capital groups in the market are still basically in a state of lock-up, the index ...... Under the sell-off of profit-taking orders and unhedging orders that have been cleaned up and washed, it is naturally impossible to fall deeply. ”

"Well, the change in quantity and energy is indeed significantly different from the plunge in the previous two days, compared with the same time period." Hearing Lin Tingzong's analysis, Gu Chijiang stared at the two markets and carefully observed them for a while before continuing to reply, "It seems that ...... It's really like a bait and a wash. ”

"After 10 o'clock, the tick volume can bottom out, and the index should rebound quickly." Lin Tingzong continued to observe the market for a while, and said, "Mr. Gu, this should be a good place to buy." ”

Gu Chijiang said with a smile: "It's a pity that our fund holdings have reached the highest position. ”

"You can take this opportunity to further adjust the position structure." Lin Tingzong's eyes were blazing, and he continued, "November 17th is the day of the official opening of the 'Shanghai-Hong Kong Stock Connect', and this day is very close now.

According to the market trend in the past few days......

This expected direction of change is only likely to be upward.

The index has comprehensively rushed to the 3,300 point level, and it is still unable to be driven by the core main line of 'big finance'. ”

When Gu Chijiang heard this, he said with a smile: "Tingzong, do you want to continue to increase the weight of our fund in the direction of 'big finance'?" ”

Lin Tingzong nodded and continued: "To be precise, it is to increase the weight of our positions in the two major sectors of 'securities' and 'Internet finance', and fully exclude the holdings of the banking and insurance sectors. ”

"If we adjust our positions like this, then our positions will be too concentrated." Gu Chijiang said, "The risk of holding a position will become very high. ”

Lin Tingzong said: "In this way, although the risk of holding will rise, but in the same way, the elasticity of the net value of the fund will also increase significantly, in my opinion, the two major sectors of 'securities' and 'Internet finance', under the foreseeable follow-up of many positive influences, are definitely the two core market sectors at the end of the year."

Benchmark the basic logic of the 'bull market'.

Compare the average valuation of 'security' stocks in the last bull market.

At this stage, although the 'securities' sector has risen a lot, and leading stocks such as 'Western Securities and Oriental Securities' have also doubled their market from the bottom.

However, the expected space for follow-up is still huge!

At this time, it is obviously more worth the game to further concentrate on positions, compared with the huge risks that may exist with a small probability and the huge profits with a greater probability.

And the 'Internet finance' sector.

The hype logic of both the main lines of 'mobile Internet' and 'big finance', although it has risen a lot, is still the core sector with the highest market elasticity and the highest degree of capital concentration, and I don't know what the reasonable valuation of the core constituent stocks in this sector should be.

But I can clearly feel that this position of this plate.

Especially for stocks like 'Flush, Oriental Wealth, Great Wisdom, Jinzheng Shares, Yinjie Technology, Hengsheng Electronics, ......', it is obvious that this position will not be in the top range.

I feel that the main capital group has much higher expectations for this sector than the 'securities' sector.

I think this is also the fundamental reason why 'Jiefang South Road' dares to continue to increase its positions on a large scale on the high price limit.

Since we firmly believe that this is a bull market, we should follow the strongest main line of the main capital gathering in the market to fully harvest market profits, expand the net profit of our fund products, and lay the foundation for the development of our institution in one fell swoop. ”

"Okay!" Gu Chijiang nodded, "Just do as you say." ”

After seeing the crazy trend of these two core sectors in recent times, although he has a little worry about continuing to increase his position in the core stocks of these two major sectors at a high level, he is also obviously a little moved.

And then there is the precise operation after these months.

Now, the net value of their institution's main funds has squeezed into the top 50 of this year's private equity fund performance rankings.

Just push harder.

In the year-end net value settlement, it squeezed into the top 20 of the industry's fund product performance rankings.

Then, with the beautiful performance, the follow-up asset management scale of their institutions, as well as the scale of new fund product issuance, will definitely continue to take a big step forward.

Lin Tingzong was still very happy when he saw that Gu Chijiang agreed with the idea he proposed, and immediately turned sideways with a smile, and quickly instructed the trading team in the trading room to quickly sell the stocks held in the banking and insurance fields, as well as those stocks that continued to be weaker than the Shanghai Index in the recent market trend.

Then use the funds from the sell-off to reduce their holdings.

At this moment, the intraday is relatively low, and he concentrates on buying a number of core stocks in the 'securities' and 'Internet finance' sectors that he just mentioned and have been tested by the market recently.

Fortunately, whether it is a bank or an insurance sector, liquidity is very sufficient at the moment.

In addition, the scale of their fund products is not very large, and this kind of partial position adjustment and stock swap is not troublesome to implement, and it does not have much impact on the overall market situation.

But it's as if the market has spirituality.

When Lin Tingzong finished placing the trading order, the various groups of traders had just typed the keyboard and sold off the bank and insurance constituent stocks they held, as well as many weak 'big finance' constituent stocks.

The core weighted stocks in the main line areas of 'big finance', 'big consumption', 'big infrastructure' and 'technology growth', which have been weakly adjusted since the beginning of the market, have begun to stop falling and rebound.

First of all, 'Western Securities' ushered in a wave of huge buying, and the intraday decline narrowed instantly.

Then, under the leadership of 'Western Securities', a number of stocks in the securities sector followed suit and rebounded, and the time-sharing capacity of the sector also expanded simultaneously.

Then, when the 'Securities' sector changes.

The 'Internet finance' sector associated with it has naturally rebounded rapidly.

Among them, the 'straight flush' exploded rapidly, and in a few minutes, it quickly returned to the intraday high.

After that, 'Oriental Fortune' turned red from underwater, and on the board of 'Huaguo China Railway', there was a continuous super large order of 10,000 hands of the main buyer.

And when 'Huaguo China Railway' moved.

The corresponding "Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaguo Metallurgical, Huaguo South Car, Huaguo North Car, Huaguo Baosteel...... the main line weight stocks of the "big infrastructure" of the big ticket "Hua Zitou" are also moved by the wind, and a large number of main buying capital groups have broken out in a concentrated manner.

And driven by these 'Huazi' stocks.

Building Decoration, Building Materials, Iron and Steel, Commercial Real Estate Development, Machinery and Equipment, Public Transportation, Non-Automobile Transportation...... These corresponding industry sector indices are also rapidly rising.

Immediately afterwards, the main themes of the core concepts of "Eurasian Economic Belt", "On the Road of the New Era, the Maritime Silk Road", and "Reform and Reorganization of Central Enterprises and State-owned Enterprises" have also exploded.

Subsequently, when the market trading hours enter 10 o'clock.

Under the effect of the sudden extremely large group of main buyers.

The Shanghai Composite Index rose rapidly, rebounding by nearly 0.75%, successfully shrinking the intraday decline to less than 0.5%, making the 'big plunge' expected by many pessimistic investor groups completely bankrupt.

"The amount of buying just now is very huge, which super main capital has entered?"

At 10:02 a.m., Yu Hang, Yu Hang Investment Company, in the internal main fund trading room, Wang Can, who was staring at the disk with his eyes and had been waiting for the opportunity to grab funds at the low point of the day, was suddenly surprised at this time and said eagerly: "Lao Zhao, what you said before should be now, right?" ”

"Yes, now!" Zhao Lijun nodded.

Then, he didn't say much, and quickly issued corresponding buy orders to the trading team members behind him, leading everyone to use their own accounts to conduct intraday dipping on a small scale, and then do intraday trading transactions.

When Wang Can heard Zhao Lijun's words, he couldn't help but smile, his fingers tapped on the keyboard, and the remaining part of the available funds in the account he operated was bought at the market price in the form of buying the three stocks of 'Western Securities, Oriental Fortune, and Straight Flush' that he had already held.

Then, when the funds in his hands poured onto the board.

The stock prices of the three stocks have risen by about 0.3%, and the check of 'Straight Flush' has risen straight to near the new high at the beginning of the session.

Moreover, we see that the core main line of the market has rebounded in an all-round way.

Seeing that the major core stocks and weighted constituent stocks that fell unanimously at the beginning of the market have risen one after another under the attack of the sky-high buying orders that suddenly poured out of nowhere.

Inside and outside the market, the mood of the bulls changed in an instant.

A large number of retail investors who were hesitant before, thinking that the market was likely to replicate the sharp decline in the previous two days, have also become radical again.

"Damn, what was going on just now? Why did the index rise in a straight line in an instant? ”

At a time when the popular core main line of the market is once again concentrated on riots, and the amount of buying funds can expand rapidly, countless retail investor groups gathered in the discussion area of the trading platform are also dumbfounded at this moment, and their hearts have been greatly impacted, and they have shown shocked looks.

"It's a super main institution, and it has just violently increased its position, right?"

"Yes, and it is an indiscriminate violent increase in positions, just a lot of core weighted stocks, all of which are synchronous changes, which is too exaggerated."

"With such a large range of synchronous changes, it feels like a program list."

"It should be the main force of state-owned institutions."

"No matter what the background of the funds just pulled, this courage ...... It's really tough. ”

"I don't know if you have found it, as long as the index falls, similar to the super main buying funds just now, there will be an endless stream of purchases."

"This shows that there are a lot of main funds outside the market!"

"Look at the problem to look at the key, which shows that the index can't fall at all."

"It also shows that the market is a 'bull market', a complete 'bull market' pattern."

"Take a look at the 'securities' section, it's special...... The straight line turned red, and the check of 'Hua Investment Capital' was almost to the high point of the morning market in an instant. ”

"I have to say that the strength of the market depends on the securities."

"The 'Internet finance' sector is obviously stronger, and the 'straight flush' check is about to reach a new high, which is really 'unbeatable Xiaoqiang'! It's a pity that the morning market was really cowardly, and I didn't dare to follow the market decisively. ”

"I'm rubbing, this morning's market trend is really amazing."

"What about the people who said that the market was going to fall sharply today, how could they not be silent?"

"The bear's face is really sucked!"

"If the index can't fall, it can only rise, right? I don't believe that the index can stay sideways in this narrow range. ”

"It's definitely not going to be able to hold it, 3300 points must be won."

"Damn, 'Western Securities' has become popular, and I didn't buy the bottom before 10 o'clock, I really shouldn't have it."

"Damn, I feel like I've sold the wrong thing again, hey...... I knew that it was better not to move, it was really harvested by the main force back and forth. ”

"What's the situation, is this a short temptation this morning?"

"Needless to say, the half-hour killing trend in the morning is definitely a short-selling."

"The two major sectors of securities and Internet finance are really bursting, either a new high, or on the way to a new high, people who hold the leading stocks in these two sectors are really happy, but it's a pity...... My stock is still dead. ”

"It's better to take action than to be excited, such a good market, you must be the most mainline leading stocks, in order to quickly make up for losses, weak stocks can not be taken for a long time, you need to know...... The weak are always weak! I also recently realized the truth, the front has been more than 50% of the deep set, recently decisively cut positions to chase into the 'flush' this stock, now, the previous losses, basically all have been made up, the follow-up probability can still be profitable. ”

"With the 'straight flush' check, maybe the sky is the end, right?"

"I can't operate according to the previous method, I found that in this market stage, you must cover the stocks, no matter how the market fluctuates, you must not buy."

"Definitely, 'bull market stocks' can make huge profits, think it's nonsense?"

"After the end of this wave of correction in the index, it should be impossible to step back again, right? There is a high probability that the follow-up will go straight to 3300 points? ”

"It's definitely going straight to 3300 points!"

In the extremely intense and hot discussion among these vast groups of retail investors.

At 10:16, the Shanghai Composite Index recovered all its intraday losses, turned red again, and returned to the top of the opening position, leaving a V-shaped trend.

Moreover, when the Shanghai Composite Index quickly recovered its intraday losses and successfully turned red.

The Shenzhen Index and the GEM Index also rose in the red.

And the small and medium-sized board index, which has been the leading index in the market, has not fallen, but has further risen, crossing the 1% increase in a straight line.

This shows that this wave of explosion is purely the work of incremental capital groups.

There is no siphoning of liquidity in the small-cap concept equity space.

Of course, in addition to the performance of the index, the main line of weight and popular in the major markets has changed the weak form at the beginning of the session, actively and comprehensively rising, and has been impacting the new intraday high.

And also in this minute.

The stock of 'Straight Flush', which was once again violently robbed by the capital group, was once again blocked on the price limit board by the continuous main buying of 10,000 large orders with an extremely strong momentum.

Immediately afterwards, after the 'straight flush' rose limit again.

At 10:17, the entire 'Internet Finance' sector index, and its corresponding concept core stocks, once again broke out in a concentrated manner, in a straight line of upward form, have refreshed new intraday highs, and at the same time, once again radicalized the concept of the two cities, as well as the top position of individual stocks.

(End of chapter)