Faced with such an opening situation in the two cities.

The vast number of investor groups inside and outside the market are somewhat disappointed.

After all, yesterday, whether it was the data of the dragon and tiger list of the two cities, the data of the two financial institutions, or the trend of the external market, all kinds of good news on the macro news...... are very favorable to the bulls, but in the end the market did not achieve a significant higher opening, only a slight red plate, which is obviously lower than expected.

"Hey, disappointed, I thought how the Shanghai Composite Index could open higher than 1 point of gain, but I didn't expect it to ......"

"Who's to say it's not, I'm looking forward to it."

"Why is the market sentiment so good, but the call auction between the two cities is very different?"

When the time entered the short pause between 9:25 and 9:30, a group of retail investors gathered in the stock discussion area of the trading platform broke out into a heated discussion, and between words, they were all dissatisfied with the opening scene of the market.

"It may be that there are too many profit-taking orders in the market, so the market is suppressed."

"Like 'big consumption', 'non-ferrous cycle', 'petrochemical', 'pharmaceutical'...... These main line plates, there should be no profits, right? ”

"The main accumulation areas of profit disks, mainly 'big finance', 'big infrastructure', 'military industry' these core main line areas, it stands to reason that the suppressive effect of profit disks, the impact on the market index is not so big, but the current market index, basically, has been 'big finance', 'big infrastructure', 'military industry' these core main lines kidnapped?"

"But although the index opened a little less than expected, it still opened higher, right?"

"That's the case, the market doesn't have a significant money-losing effect."

"That's right, the major popular stocks and leading concept stocks still account for the vast majority of the high-opening stocks."

"This shows that the current acceptance of the market is still very good, right?"

"The short-term divergence of funds, in fact, does not affect, the market is definitely still in a bull market, and the expectation that the Shanghai Composite Index will hit 4,000 points at the end of the year remains unchanged."

"No matter how the short-term trend of the market goes, anyway, there is money to continue to increase positions, and there is no money to keep full positions."

"Hehe, it's already full."

"In fact, a bull market does not mean that the market will keep rising, and sometimes it is not impossible to pull back for a short time."

"Pullback, despite the pullback, I dreamed that the market would fall back to 3,000 points, so that I could increase my position and give me another chance to get on the bus."

"That's right, the so-called disagreement has a market, and the profit plate is not sold, where are there so many chips in the market?"

"Holding stocks in the bull market will definitely inevitably be volatile and volatile, but as long as 'insisting on Qingshan not relaxing', no matter how the market fluctuates, if you don't sell it anyway, then the main force will not wash me away."

"What bull market, it is impossible to only have a month, continue to be firmly optimistic."

"The Shanghai Refers to the monthly line, and now it is a golden cross, right? This pattern, do not believe it and do not continue to rise. ”

"Agreed, just continue to be bullish and long."

In the midst of a heated discussion......

The seemingly significantly lower than expected opening pattern didn't really hurt the market's bullish sentiment.

From the discussion of the vast number of retail investors gathered in the stock discussion area of the trading platform, it can be clearly perceived that everyone's enthusiasm for market longs is still strong.

And it is almost unanimous that the Shanghai Composite Index can continue to rise shorts and continue to hit 4,000 points above.

It was under this mood that was brewing.

The short timeout from 9:25 to 9:30 a.m. went by.

Immediately afterwards, the time reached 9:30, and the two markets ushered in the official continuous auction transaction again after a short pause.

When the two markets once again entered a state of intense trading from a state of stagnation, with the assistance of still strong bullish sentiment, as soon as the market opened, the sky's active buying force, under the influence of emotion, continued to pour into the market on a large scale in the core main line areas of 'big finance', 'big infrastructure' and 'military industry', and continued to chase the weighted stocks and hot concept stock chips in these core main line areas.

At 9:31, the Shanghai Index, the Shenzhen Index, the ChiNext Index, the Small and Medium-sized Board Index, and the A50 Index rose one after another.

At 9:32, the 'Blue Stone Reload', which opened sharply lower, turned red.

9:33 a.m., securities, Internet financial sector, building decoration, building materials...... and other popular plates, one after another.

At 9:34, CEFC Securities and Huaguo Construction rose in the day, breaking through the 1% increase mark.

At 9:35, the two major sectors of securities and Internet finance rose rapidly, and once again led the market in a number of industry sectors and concept plates.

At 9:36, the stock price of 'Sugon' soared to about 5%.

At 9:37, the 'national defense and military industry' industry sector rose by more than 0.6%, squeezing into the top five of the industry sector growth list in the two cities.

At 9:38, in the field of 'securities' industry sector, the main funds once again showed a net inflow trend.

At 9:39, 'Western Securities' rose 3% in the day.

At 9:40, the share price of 'Harbin Investment Capital' quickly hit the 5% gainer, leading the rise of a number of constituent stocks in the securities sector.

At 9:41, 'Great Wisdom' rose by 3% during the day.

At 9:42, the share price of "Yingkou Port" hit the 5% mark, and at the same time, the two stocks of "Shanghai Ganglian" and "Shanghai Sanmao" also moved up.

At 9:43, the Shanghai Composite Index rose to 0.78%.

At 9:44, the A50 index led the rally again and broke through the 1% mark.

At 9:45, the share price of 'Yingkou Port' hit the 7% increase mark.

At 9:46, the 'Straight Flush' rose sharply again, and the stock price hit the 2.5% intraday growth mark, and once again approached a new all-time high.

At 9:47, the securities and Internet finance sector indices rushed to a 1.3% increase.

At 9:48, the two major weighted sectors of banking and insurance also expanded to more than 0.5% in the day.

At 9:49, the stocks of the 'four major banks', Huashang Bank, Huanong Bank, Huajian Bank and Huaguo Bank, turned red and rose across the board, and the entire banking sector, the main form of funds, also showed a net inflow trend again, showing signs of recovering yesterday's intraday diving losses.

At 9:50, the share price of 'Shanghai Sanmao' rose by more than 7%.

At 9:51, 'CEFC Securities' rose by about 1.5% during the day.

At 9:52, the stock of 'Harbin Investment' rose by 7% in the day, and showed signs of hitting the price limit.

At 9:53, the securities sector rose by about 1.5% during the day.

At 9:54, several major industry sectors such as building decoration, building materials, machinery and equipment, and port shipping all rose by more than 1% during the day.

At 9:55, the stock price of 'Shanghai Sanmao' hit the daily limit.

At 9:56, the stock price of 'Shanghai Sanmao' closed the price limit, once again leading the entire concept of 'Shanghai Free Trade Zone'.

At 9:57, following the "Shanghai Sanmao" limit, the "Shanghai Ganglian" followed the trend and rose, and the stock price broke through the 6% increase mark in an instant.

At 9:58, the constituent stocks in the concept of the 'Shanghai Free Trade Zone' moved across the board.

At 9:59, the share price of 'Shanghai-Hong Kong Group' rose by more than 3% in the day, and the 'local stocks in Shanghai' followed suit in an all-round way, siphoning the active main capital groups in the market.

At 10 o'clock in the morning, the turnover of the two cities reached more than 270 billion.

At 10:01 a.m., the stock price of 'Yingkou Port' hit the daily limit, and the major conceptual themes of 'New Era Road, Maritime Silk Road', 'Eurasian Economic Belt', and 'Revitalizing Northeast China' also continued to be active, and they were crowded into the top positions of the list of conceptual plates in the two cities.

At 10:02, 'Yingkou Port' blocked the price limit and realized the trend of connecting the board.

At 10:03, the 'securities' sector continued to soar, reaching the 2% growth mark, and at the same time, the net inflow of main funds in its sector reached 670 million.

At 10:04, like the hot performance of the 'securities' sector, the 'Internet finance' sector also broke through the 2% increase mark during the day.

At 10:05, the share price of 'Sugon' rushed to an 8% increase in the day.

At 10:06, the A50 index rose 1.23% during the day.

At 10:07, 'Great Wisdom' rose by 5% during the day, and the two stocks of Flush and Oriental Fortune both rose by about 2% during the day.

At 10:08, 'Huagong International' also moved again, up more than 3%.

At 10:09, the total net inflow of the main capital of the entire 'big finance' main line weight sector reached the 1 billion mark.

At 10:10, in the field of machinery and equipment, Sany Heavy Industry, XCMG Machinery, Liugong Machinery, Hualian Heavy Industry, Dalian Heavy Industry, and Dalian Heavy Industry ...... A number of stocks moved higher.

At 10:11, 'Huaguo Heavy Industry' and 'Huaguo Shipbuilding' moved.

At 10:12, the entire port shipping sector rose by about 1.2% in the day.

At 10:13, 'Fushun Special Steel' rose by 5% in the day, and there was a steady stream of active buying, and there was a trend of impacting the price limit.

At 10:14, the 'commercial real estate development' sector is also moving rapidly.

At 10:15, the two real estate stocks of 'Gemdale Group' and 'China Fortune' rose by 3% in the day.

At 10:16, the three core main areas of 'big finance', 'big infrastructure' and 'military industry', as well as all related industry sectors and concept plates, all achieved red plates.

At 10:17, the two cities had a total of more than 1,500 red-listed stocks.

At 10:18, the Shanghai Composite Index rose above 1% and continued to attack the new high point of the year, and whether it was the index, or the core main line of "big finance", "big infrastructure", "military industry" A number of industry sectors, concept plates, as well as many weighted stocks and popular concept stocks, all of which initially recovered all the retracement declines in yesterday's intraday period, once again showed a strong short-forcing breakthrough trend.

At 10:19, the turnover of the two cities exceeded more than 330 billion, continuing to show a slow increase in volume.

"Hey, it's really a full recovery of yesterday's intraday diving decline, it seems...... Today, the market may continue to hit new highs! ”

At about 10:25, seeing that the market of the two cities continued to break through and continue to increase the volume, Yu Hang, Minghui Capital Company, in the main fund trading room, the main fund product manager He Hong stared at the rapid changes in the two cities, and his eyes showed a trace of surprise: "Sure enough, the bull market is in the main rising stage, and its short-term market trend cannot be inferred by common sense. ”

Heard He Hong's voice of emotion.

At this moment, Xu Zhongji, general manager of the asset management business of Minghui Capital Company, who was standing behind him, said with a smile: "Generally, in the main rising market stage, or the main falling market stage, the technical form of the market will be relatively distorted.

But ......"

Xu Zhongji paused, and said: "The index continues to rise in this position, and there are still some obvious overdrafts of the market's long strength and sentiment.

That is, the big positive that everyone expects the central bank to cut interest rates and cut the reserve requirement ratio has not yet landed.

The tone of the market bulls has not been interrupted.

Therefore, the market can forcibly force the short to break through the rise when the long and short funds are relatively different.

If the news of the central bank's interest rate cut and RRR cut completely landed...... I am afraid that on the contrary, the short-term strong long sentiment of the market will collapse. ”

"Hmm!" He Hong nodded and said, "The so-called good landing, expected to be fulfilled, will form the logic of phased good, right?" ”

Xu Zhongji responded with a smile: "It is indeed this logic, so the market continues to rise at this time, we can no longer chase this market, but pay attention to the news of the 'central bank interest rate cut and RRR cut' expected by everyone, when will it really land." ”

"There is no clear news yet, and it is estimated that there will be no clear news until next week." He Hong said, "After all, we have to wait for the news from the Federal Reserve to be clear, and then the country can play its cards." ”

Xu Zhongji said: "It should be, no matter whether this expected news can come true, whether the central bank can cut interest rates, at the moment when the news is clear, we should start to reduce positions and take profits." ”

"That's what I thought, too." He Hong nodded.

Now that the market continues to rise short, the long-short divergence is becoming more and more serious on the disk, which makes the chips in his hand not very stable.

What's more, the end of the year at this juncture.

Although many institutions have the practice of adjusting positions and swapping shares, and laying out next year's theme market.

However, there will also be many institutions that will liquidate the net value at this juncture, such as the main capital of the 'Yuhang system', which everyone is highly concerned about.

He Hong felt that this main capital would most likely reduce its position at the end of the year and carry out the final settlement of the net value.

After all, as far as he knew.

The main institution of the 'Yuhang Department' has borrowed a large amount of money for investment in the primary market, and this part of the loan will inevitably be repaid at the end of the year.

And if the main capital of the 'Yuhang system' is greatly reduced at the end of the year.

Well, he thought...... As the main line of 'big finance', 'big infrastructure' and 'military industry', which is the core position of the main capital of the 'Yuhang system', the market is bound to have violent shocks.

In other words, once the news of the central bank's interest rate cut and RRR cut landed.

The risk of subsequent market correction will rise sharply, and they ...... In the choice of trading strategy, it is better to continue to hold positions, than to reduce positions and take profits immediately. (End of chapter)