At 1:44, the 'Hengsheng Electronics' fried board, which had just blocked the price limit, returned to around 8% of the stock price increase.

At 1:45, the Shanghai Composite Index fell below the 3450 mark.

At 1:46, the two checks of "Huaguo North Car and Huaguo South Car" were not able to be directly sealed in one breath after they hit the price limit, and the stock price encountered extreme selling pressure on the price limit, showing a significant diving trend, and also quickly fell back to around 8% of the increase.

At 1:47, the securities sector index, which led the gains, fell back to below a 5% increase.

At 1:48, the banking and insurance sector indexes, as well as the commercial real estate development, public transportation, non-public transportation, building decoration, building materials, iron and steel, machinery and equipment related to the main line of 'large infrastructure'...... A series of industry sector indices also followed suit.

At 1:49, the intraday turnover of 'CEFC Securities' has expanded to about 11 billion, and its stock price has also shown a significant downward trend under the huge increase in turnover.

At 1:50, the "new stocks" sector was further concentrated and strengthened, and the active capital groups in the field had signs of concentrated speculation from weighted large-cap stocks to small-cap concept stocks, especially near-end new stocks, and the check of "Blue Stone Reloading", at this moment, there was a straight line upward trend, and the stock price once again rose to a 6% increase position, and there was a trend of contrarian impact on the price limit.

At 1:51, the main stocks with a serious outflow of funds in the low-level mainline sectors such as 'large consumption, non-ferrous cycle, petrochemical, coal, and pharmaceutical and commercial ......', which originally showed a significant downward trend in today's intraday, have rebounded to a certain extent at this moment.

At 1:52, the small and medium-sized board index in the Shanghai Index and the A50 index fell significantly, but out of the trend of continuing to rise, out of the Shanghai Index and the A50 Index corresponding weight stocks of the impact of blood drawing.

At 1:53, the two checks of the 'Huaguo South Car and Huaguo North Car' of the fried board tried to return the seal under the attack of the continuous 10,000-handed owner buying large orders.

At 1:54, the stock price of 'Huaguo South Car, Huaguo North Car' hit the price limit again.

At 1:55, after a minute of fierce trading, the two checks were still unable to continue to seal the price limit, and the stock price fell again.

At 1:56 a.m., the "Shanghai Free Trade Zone", "the reform and reorganization of central enterprises and state-owned enterprises", "the new era on the road, the Maritime Silk Road" several major concepts of the main line of the sector index rose, have fallen to around the 2% increase mark, among them, the "Shanghai Free Trade Zone" sector index trend, showing an obvious decline, the hot stocks within the plate, once created 4 boards some time ago "Shanghai Sanmao" this check, the stock price has fallen rapidly, falling back to below 1%.

At 1:57, the share price of "Blue Stone Heavy Equipment" rose to 8%, and the trend of the entire market, concept growth stocks and small-cap concept stocks were all in the decline of the two core mainline related weight stocks and popular stocks of "big finance" and "big infrastructure".

At 1:58, the small and medium-sized board index rose against the trend, and the intraday increase exceeded the 1.3% increase in one fell swoop.

At 1:59, the Shanghai Composite Index rose back to about 1.8%.

At 2 o'clock in the afternoon, the A50 index, which was the only one in the two cities that could stabilize the increase of more than 2.5%, at this time, the intraday increase also fell to within 2.5%, among them, the intraday increase of the main contract of A50 index futures also fell close to the 2.5% increase mark, and the premium of index and index futures also narrowed significantly.

At 2:01, the intraday rise of the securities sector index has slipped to a 3.92% increase, among them, Huacheng Capital, Xiangcai Securities, Huaxin Securities three stocks fried board, 'Western Securities' intraday increase fell to around 3.5%, in just ten minutes, the decline exceeded 3%.

At 2:02, the stocks of the two banking sectors of 'Pingjiang Bank and Ping An Bank' also opened the price limit, and the stock prices fell one after another.

At 2:03, Industrial Bank, China Commercial Bank, Shanghai Pudong Development Bank, China Commercial Bank, Huajian Bank, Huanong Bank, Bank of Communications...... A large number of constituent stocks in the banking sector have fallen, and in the entire sector, only one stock, 'Minsheng Bank', can still maintain the trend of the price limit.

At 2:04, the insurance sector's 'Xinhua Insurance', a super weighted large-cap stock with a market value of 100 billion, also followed the trend and blew up, and the stock price fell back to around 8.5%, so far ...... the main line of "big finance", in just ten minutes, the number of fried boards reached ten stocks.

At 2:05, the banking sector index rose and fell out of the top five industry sector gainers in the two cities, and at the same time, the 'film and television media' sector rose into the top five.

At 2:06, in the main line of 'big finance' and 'big infrastructure', the number of industry plates and concept plates in the red plate of the two cities increased instead.

At 2:07, in the violent market shock, the two cities still maintained more than 1,500 stocks in the red.

At 2:08, the scissors difference between the Shanghai Index and the Shenzhen Index and the ChiNext Index was further narrowed, and at the same time, the rise of the 'new stocks' sector once again squeezed into the top three of the list of conceptual plates in the two cities, and in the entire 'new stocks' sector, in addition to the new stocks that have not been opened, the number of new stocks at the near end and the number of stocks with a daily limit once again exceeded ten.

At 2:09, the stock price of 'Bluestone Heavy Equipment' hit the upper limit.

At 2:10, the 'Blue Stone Reloaded' sealed the price limit, the demon stocks did not die, and the big demons did not stop.

2:11 a.m., Ciwen Media, Huace Film and Television, Guangdong Media, Chinese Media, Hua Qingbao, Yaoji Technology, and All-Access Education...... and other stocks showed signs of moving higher.

At 2:12, the Shanghai Composite Index rose further back to around 1.65%, while the ChiNext Index rose to around 1.55%, and the scissors difference between the two major indexes was basically wiped out.

At 2:13, after the intraday turnover of 'CEFC Securities' exceeded 12.5 billion, the time-sharing volume began to decay, and the stock price began to move sideways.

At 2:14, the rise of the securities, banking, insurance and other 'big finance' weighted industry sector indices will no longer continue to fall, and the time-sharing volume can decay synchronously, and the turnover has also begun to shrink.

At 2:15, the two checks of 'Huaxin Investment' and 'Huaxin Securities' began to try to return the price limit.

At 2:16, 'Huaxin Securities' returned to the daily limit.

At 2:17, the rise of the securities sector index briefly stood back at the 4% intraday growth mark.

At 2:18, the three "Three Musketeers" of the Internet Securities Trading Platform of "Great Wisdom, Straight Flush and Oriental Wealth" still maintained the situation of the price limit, and the check of "Hengsheng Electronics", which fluctuated violently, began to rise again after falling sharply.

At 2:19, the 'Pingjiang Bank' fried the board and returned to the seal.

At 2:20, 'Pingjiang Bank' successfully closed the price limit.

At 2:21, the turnover of the two cities has broken through the 700 billion mark, and at the same time, the number of stocks in the two cities that are not a word board has not decreased, but has added a lot, hitting 76, if you count the new stocks on the market, as well as the stocks that are good for the resumption of the word limit, there are already more than 90 stocks in the two cities.

At 2:22, the Shanghai Composite Index returned to its intraday gain of 1.80%, and at the same time, it once again stood at 3430 points.

At 2:23, the number of stocks in the two cities exceeded 100, and the whole market made money, and the signs of the 100-share limit reappeared.

At 2:24, the main contract of A50 index futures once again stood at the 3% increase mark during the day.

At 2:25, the main line weighted stocks of 'big finance' and 'big infrastructure', after digesting part of the amount of funds to sell, began to slowly rise again under the follow-up of the new main buying capital group.

At 2:26, the entire market completely returned to the volatile upward pattern.

"It's another 100-share limit, the recent market trend is really bullish!"

Seeing that the scissors gap between the core indexes of the small and medium-sized board index, the ChiNext index, the Shanghai index and the A50 index narrowed, and at the same time, the market began to gradually repair the intraday decline after a round of diving, and continued to impact in the direction of new highs.

Many large investors stared at such a hot market trend and sighed.

"In the past three years, there shouldn't be many trading days with a daily limit of 100 shares in the market, right? Outcome...... Almost all of them are concentrated in November. ”

"In the past three years, there have been less than 20 trading days in the market for 100 shares, but 7 of them happened in this month, and 15 times occurred in the second half of this year, and the rest were generated by the market's extreme blockbuster stimulus."

"Is this a bull market? That's amazing! ”

"The influx of incremental funds is just crazy and rushing to raise funds."

"Mainly the whole market, has formed an obvious sense of market hierarchy, 'big finance', 'big infrastructure' two core main lines of the offensive has a declining trend, all kinds of active funds are rapidly pouring into the fields of 'science and technology growth', 'concept growth', 'mobile Internet', 'big consumption', 'new stocks', etc., and quickly do the rotation of the market, and then when the two main lines of 'big finance' and 'big infrastructure' have a slight decline in the selling force, the main capital groups from all walks of life will concentrate on 'big finance', ' The main line of large infrastructure has been followed up and continued to push up the core main line of the market. ”

"Yes, such an obvious sense of market hierarchy makes the entire market in a short period of time, in the ultimate emotional interpretation of longs, there is no room for continuous downward adjustment."

"The key is that under the continuous hot market to make money, there are more and more active capital groups in the market."

"Isn't it that even if the capital group that temporarily comes out of the main line of 'big finance' and 'big infrastructure' to take profits, what they want to do is not to leave the market, but to undertake other branch and mainline market stocks, and continue to play and go long in the market."

"More and more abundant and active money flows continue to surge in the market, you say...... Can the stock price not rise? ”

"There are more and more funds pouring into the market, and the speed of issuance of new shares will definitely not be able to keep up with the continuous surge in the amount of funds, which will lead to more and more scarce stock chips in the market, and will become more and more precious."

"I originally thought that the core stocks in the low-level main line areas such as 'big consumption, non-ferrous cycle, petrochemical, coal, pharmaceutical and commercial ......' that set a lot of funds yesterday should inevitably fall under the capital siphon effect of the two core main lines of 'big finance' and 'big infrastructure'...... Not necessarily, there are so many groups of incremental funds pouring into the market that they have completely supported the trend of core stocks in these areas. ”

"Under the extremely abundant market liquidity, even if it is a weak sector, there will be no lack of capital attention, and there will naturally be no obvious downward trend."

"Hehe, the current weak sector can only be said to be weak relative to the rise of the index, right? In fact...... Holding stocks in these weak sectors is likely to make money. ”

"Basically, there are almost 1,500 stocks rising every day, and now as long as you buy stocks and hold them, it is not difficult to make money at all, mainly a matter of how much you earn, and whether you can keep up with the rise of the broader market index."

"With such an overall market situation, a fool can make money, right?"

"It should be that blind people can make money with a high probability, and they can make money by buying blindly with their eyes closed, but whether they can keep up with the market is not necessarily."

"Haha...... That's it! ”

"The market has been suppressed for many years, and once it broke out, it was really overwhelming."

"As soon as the important pressure threshold of 3,000 points is broken, the market pattern of the bull market has been recognized by more and more investor groups, and the upward trend will not be able to pull it at all."

"If this continues, how many trading days will it take to see the scale of trillions of transactions in the two cities, right?"

"Today's turnover of the two cities should explode to around 850 billion, and according to this volume can increase at an increasing rate, maybe in early December, you can see the trillion-scale turnover of the two cities."

"There is also the financing balance, the financing balance of the two cities recently, basically, is increasing at a rate of 6 billion to 8 billion per day."

"There is also the incremental capital group brought by the 'Shanghai-Hong Kong Stock Connect'."

"Doesn't it mean that there is still news of the central bank's interest rate cut and RRR cut? If this good news can be landed, there will be a huge change in the capital situation of the entire market, and then it will ...... The incremental capital group brought about by the interest rate cut and the RRR cut is afraid of another trillion level? ”

"Looking at it this way, the follow-up incremental funding groups are really endless."

"The fire of the main bull market has been completely burned, as long as the investor's investment confidence continues to be high-pitched and forge ahead, not to mention the macro capital side is already abundant conditions, even if the capital situation is not sufficient, under the extreme money-making effect of the market, we have no conditions, and the conditions to create are also on."

"Indeed, under the extreme money-making effect, no one can resist the temptation of such huge profits."

"It's time for a surge, the overall market valuation of our big A is the lowest in the global market, and it should be repaired."

"The first to be repaired, there is no doubt, must be the securities sector, as well as the entire main line of 'big finance'."

"The last wave of bull market, led by the main line of 'big finance', I remember that at that time, 'Huashang Bank, Huajian Bank, Huanong Bank, Huaguo Bank' several major banks, all just listed, in the case of not many shares in circulation, its valuation, was directly speculated on 20 times PE."

"Haha, these weighted financial stocks, if they can really hit the valuation of the last bull market, there is at least 4 or 5 times the space!"

"Isn't it, the current valuation level of the four major banks is only 5 or 6 times PE!"

"The basic situation of the banking industry is completely different from the last bull market, right? I think that the current bank stocks, if you want to rise to the valuation level of the last round of bull market, it is still unrealistic, to say that the average of 20 times PE, the current securities sector must have opportunities. ”

"That's right, in fact, careful analysis shows that the fundamentals of this round of the securities sector are a bit similar to the banking sector in the last round of bull market."

"If the focus of securities is 20 times PE, then there is not much space!"

"Why don't you have much space, the performance will grow, the securities sector, this year's performance growth...... Under such an explosive market turnover, compared with last year's low base, must the average performance growth rate be 5 or 6 times? Coupled with the serious undervaluation of the stock in the securities sector in the market, these tickets are basically below 10 times PE...... How much has it got? There will definitely be huge upside in the future. ”

"Damn, this calculation, it's really true, this is called a double crit of valuation and performance, right?"

"The whole market, the capital group concentrated on the securities sector attack, that must have a clear logic, hundreds of billions of funds trading every day, everyone is not a fool, if it is not for the securities sector is expected to be so strong, it is impossible to get out of the technical serious divergence, passivation has never been a pullback of the extreme strong upward trend."

"In fact, securities are not the strongest in the current market field, and the trend of the 'Internet finance' sector is really exaggerated."

"There is no way, the field of 'Internet finance' sector is basically some small-capitalization stocks, and the elasticity is indeed greater, and this entire sector is superimposed on the expectation and valuation of the outbreak of 'mobile Internet', and its valuation method and valuation level cannot be generalized with the securities sector."

"Mainly in the field of 'Internet finance' sector of several weighted stocks, the expected performance elasticity is also higher than traditional securities stocks, which has led to stocks like 'Flush, Great Wisdom, Oriental Wealth', which have skyrocketed more than twice in a row, and they can't stop at all."

"Indeed, the trend that is too explosive ......"

"At the beginning of this month, investors who bought the two stocks of 'Straight Flush and Great Wisdom' were simply not too happy."

"There are a lot of similar stocks in the two cities, in fact, I feel that the 'new stocks' sector, its trend is also explosive, often 10 up limits, 15 new stocks up and down, completely in batches, the expected valuation of new stocks, is also being hit higher and higher by the market."

"All these signs show that the market's investment risk appetite is still rising rapidly!"

"It's good that the investment risk appetite of the majority of investor groups rises, so we can continue to hype aggressively, haha...... Recently, I have eaten a few price limits in a row, which is really cool. ”

"Indeed, the higher the risk appetite of market investment, the easier it will be for us to make money, and the easier it will be for individual stocks to speculate."

"Anyway, now is the best time to quickly bring up a stock as long as there is a little good spark, and it is really the best time to undertake it in the short term."

"Haha, raise money to continue to increase positions, the last round of bull market did not catch up, this round finally caught up."

"It's time to show what you're up to......"

With the rapid refresh of the news in the group, as well as the exciting discussion of many large groups of investors in the group.

The market trading time has quickly entered after 2:50, ushering in the last ten minutes before the market closes.

I saw that after the fierce trading of the market.

The market situation at this moment is significantly better than half an hour ago.

Whether it is the Shanghai Index, the Shenzhen Index, the ChiNext Index, or the small and medium-sized board index, the A50 index and other related market core indexes, at the moment are maintained above the 1.80% increase mark, of which, the A50 index is back to the 2.50% increase mark, near the high point of the disk.

The performance of the core main line areas of the market.

The industry sectors and concept sectors related to the two core main lines of 'big finance' and 'big infrastructure', as well as their core weighted stocks and industry leading stocks, still maintain the trend of leading the rise in the two cities, but their siphon effect of buying funds and seesaw effect compared with other core mainline stocks, as well as various 'technology growth' and 'small-cap concept' mainline stocks, are not so serious.

The main lines of the two cities, although they still maintain an obvious sense of hierarchy.

However, the gap between the strong and weak patterns and the gap between the gains has been greatly reduced, and there is a trace of a comprehensive general rise. (End of chapter)