Zhou Kan followed Xu Shen's words, carefully observed the weighted stocks of the popular main line, as well as the concept of leading stocks, as well as many other popular stocks of the main line, and found that many stocks did show an outflow of the main capital flow of the overall market while the stock price rose.

"It seems...... Today, most of the retail funds are chasing the market. Zhou Kan paused and said, "The main capital groups active in the market, especially the main capital groups with floating profits, are gradually biased towards the bearish stage in the prediction of the market." ”

Xu Xiang said with a smile: "It is not that the main capital groups with floating profits in the market have begun to be gradually bearish in the prediction of the market situation, but the actual trend of the market, the upward breakthrough trend, began to be obviously weak, resulting in these main profit groups in the market that had previously locked their positions, began to sell one after another."

Moreover, the sell-off of these funds does not mean that the entire market is bearish.

The main thing is that the three main lines of 'big finance', 'big infrastructure' and 'military industry', the accumulation of emotions and profits are too exaggerated, and at the same time, the short-term has indeed risen a lot, and the technical deviation is serious, and in the short term, it is difficult to have too much room for growth, so they began to take profit in this regard.

In other words, these funds are not bearish on the entire market.

It is related to the core main lines of 'big finance', 'big infrastructure' and 'military industry', and many weighted stocks and popular stocks that have been greatly speculated.

At least for now......

In addition to the main lines of 'big finance', 'big infrastructure' and 'military industry'.

Others such as 'big consumption', 'non-ferrous cycle', 'petrochemical', 'pharmaceutical', 'coal'...... and other constituent stocks in the main line field, the current trend is still very stable, and there is basically no scene of the main funds concentrating on selling chips, of course...... There are not many profit-taking orders in these main areas.

The divergence of the stock price from the main capital flow and the divergence from the performance of the quantity and energy.

It usually indicates that a period of market has begun to come to the fishtail stage.

Even at this stage, under the continued hot bullish sentiment and possible positive stimulus, the stock price can continue to rise by relying on the inertia of the trend.

But it's already the end of the crossbow.

At this time, it is only suitable for profitable funds to close the position and take profit, or to be relatively conservative, you can continue to hold a wait-and-see position.

But it is by no means suitable to continue to chase at a high level and continue to increase positions and go long.

After all, the market at the end of the strong crossbow may be cut off at any time.

And in the current market, in the case of the main upward trend for a month, especially the line of 'big finance', the accumulated profit orders are extremely serious.

Once the bulls are exhausted, the trend reverses.

Then, under such a serious concentrated sell-off of profits, the line of 'big finance' is bound to be a tragic and continuous pullback.

Of course, even though the 'big finance' line is not far from the adjustment, and it can be expected that the adjustment will not be moderate, but judging from the overall long-term trend.

There is still no problem with the bull logic of the market, as well as the bull market pattern.

Once the core main line of 'big finance' falls into continuous adjustment.

I believe that there will be other main lines of the market, undertaking the withdrawal of huge capital groups from the main line of 'big finance', or the current hot main line fields such as 'big infrastructure' and 'military industry', and the 'high and low switch' on the main line of the market will definitely happen.

It's just for now......

It is not clear that the market is in the core of 'big finance' after the market has come to an end.

Which main line will it go into.

Therefore, we can only temporarily close the position and take profit, vacate the position, and wait for the subsequent market trend to be further clarified.

Then it's time to develop new investment ideas and trading strategies. ”

"Understood." Zhou Kan nodded and said, "Compared with the performance of the market at this time, as well as the money-making effect presented, leaving enough cash and waiting for the opportunity is the most cost-effective, and it is also the most suitable trading strategy at present." ”

Xu Shen nodded and continued: "As long as the basic logic of the bull market is still there, and everyone's expectation logic of the bull market is still there, then no matter how the market adjusts, it is all for the follow-up better rise, but in the phased market, the main line of the lead will be relatively changed."

Securities, Banking, Insurance, Internet Finance...... The relevant sectors of these 'big finance' main lines.

In November, the continuous short rise for a month, as well as the continuous breakthrough trend, have actually completely ignited the fire of the bull market in the hearts of the majority of investors, and also fulfilled the initial expectations of most investors for the line of 'big finance'.

In other words, for the bullish movement of the entire market.

The historical task of 'big finance' has now been basically completed.

Therefore, since the phased expectations have been fulfilled, then, in the case of a serious deviation from its technical trend, and the accumulation of profit orders is extremely serious, it is not appropriate to continue to hold the chips in this core main line field on a large scale at the current relatively high level. ”

"The boss only mentioned that the continued pullback of the 'big finance' line is very risky." Zhou Kan said, "What about the two core main lines of 'big infrastructure' and 'military industry', is there any essential difference between the current trend of these two core main lines and the trend form of the main line of 'big finance'?" ”

Xu Shen said: "There is still a difference, compared with the line of 'big finance', in fact, the current 'big infrastructure', 'military industry' The two core main lines of profit accumulation are not as serious as the 'big finance' line, after all, the two core main lines of 'big infrastructure' and 'military industry' have been adjusted by shocks that lasted for almost two months in October and November.

And these two core main lines, that is, the recent period.

It began to follow the line of 'big finance', and there were traces of synchronous resonance.

Previously, in early November, or even in the middle of the month, it was basically a continuous sideways shock, not following the trend of the index.

Although the two main lines of 'large infrastructure' and 'military industry' have begun to move out since April this year, they can be regarded as the biggest contributors to the opening of the market bull market.

However, these two main lines, the adjustment time, are also relatively sufficient.

Judging by the chip structure inside it.

After several rounds of continuous rise, adjustment, and then rise in the process, the two main line related core stocks, many constituent stocks of the bottom chips, long gone, currently hold these two main line of many core constituent stocks, weight stocks of the investor group, the cost of their positions, basically in the two main lines of the construction of October, November shock platform position, that is, most of the chips do not have much room for profit.

And this has created the two core main lines of 'large infrastructure' and 'military industry'.

The potential selling force is obviously inferior to the line of 'big finance'.

Moreover, the medium and long-term investment logic of the two core main lines of 'large infrastructure' and 'military industry' still exists, and there is still a continuous positive stimulus.

So, there is no doubt about it......

These two main lines are in the subsequent trend changes of the market.

There is a high probability that a number of main funds will continue to converge and dominate the core leading the main line.

However, in the face of the main line of 'big finance', the potential risk of continuous adjustment has been clearly highlighted, once the short-term trend of the market reverses and falls into continuous adjustment, in the short term, the two core main lines of 'big infrastructure' and 'military industry' may be difficult to support the disk independently.

I think...... With the market running out of momentum in the short term.

These two core main lines, even if the chip structure is still good, are likely to be dragged down by the adjusted 'big finance' main line and fall back into the adjustment platform built before.

Therefore, I am formulating a specific strategy for reducing positions and taking profit.

There is no distinction between the position chips related to the main lines of 'big finance', 'big infrastructure' and 'military industry'.

Reduce the position first and take profit to reduce the position to a relatively safe level.

Control the drawdown of the fund's net value.

Regardless of the follow-up adjustment trend of the core main lines of 'big finance', 'big infrastructure' and 'military industry'.

We are all able to take the initiative in the market.

On the contrary, if we continue to hold positions, thinking about eating this fishtail market, it is very likely that we will fall into the sudden sharp adjustment of the market and lose our initiative in holding positions. ”

Hearing and understanding Xu Shen's specific logic of disk analysis, Zhou Kan admired it for a while.

He feels that he and Xu Shen are looking at the same market and the same market, but in terms of understanding the logic of the market and predicting the market, they are completely different.

"Okay." Zhou Kan was admired, and then responded, "Then I will continue to reduce my position and take profit in the afternoon according to the previously established trading strategy." ”

Xu Shen nodded, thought for a while and said: "In many of today's 'big finance' main line fields, the constituent stocks that are slightly popular and hotly discussed, whether they are securities, banks, insurance constituent stocks, or constituent stocks in the Internet finance field, basically have traces of continuous amplification of disk turnover.

Although it is said that on the Dragon and Tiger list yesterday, there are no trading seats related to the 'Yuhang system' and 'Anzhao system'.

But I always feel that this main capital has been on the market, and large-scale position reduction. ”

Zhou Kan nodded and said: "I also feel this way, it stands to reason that today's market undertaking is quite strong, and the trend pressure on the disk should not be so big, at least compared with the previous few trading days, the market's selling pressure has obviously increased a lot."

In this, even though there are many other profit-taking orders.

But if the super main capital in the field of the 'Yuhang Department' does not have a large number of scattered selling chips.

At least according to the market trend of the previous few trading days, the market trend performance of the Shanghai Index and the A50 index should be much smoother.

Of course, we are only speculating at the moment, and there is no real evidence.

However, I think that the capital of the 'Yuhang Department' is so large on the main line of 'big finance', no matter how it is hidden.

There will always be some marks and horses' feet exposed. ”

Xu pondered for a moment and said: "If our guess is correct, at this time, the main capital of the 'Yuhang system' has indeed been selling chips on a large scale and taking profits, then ...... I'm afraid that our position reduction and take-profit action will not be able to follow the original rhythm, and we must speed up. ”

"Gotta speed up?" Zhou Kan was stunned.

Xu Shen nodded and said: "Yes, first, how huge the position of the 'Yuhang Department' is in the core main line of 'big finance', according to its last disclosed performance and corresponding positions, everyone can basically estimate it."

With such a huge amount of positions, it is necessary to close positions on a large scale and sell profits.

It will inevitably play a role in fueling changes in the market to a certain extent.

In addition, this main capital and related trading seats have an impact on the majority of investors in the entire market, as well as many institutional investor groups that follow the operation of this fund.

Once the trading seat of this main capital cannot be hidden under the huge scale of selling.

suddenly appeared on the list of dragons and tigers in the two cities, and was focused on by everyone.

Then, under the great market influence of this capital trading seat, the amount of chips sold to follow the trend may reach an extremely terrifying level.

This, coupled with the selling power of the 'Yuhang system' itself.

Even if the market is still supported by the expectation of interest rate cuts and RRR cuts by the central bank in the short term, the bulls' strength is not too exhausted, and the bulls are definitely unable to bear it.

In other words, the main capital of the 'Yuhang Department'.

Once before the market trend reverses, before the central bank's interest rate cut and RRR cut are expected to land.

appeared on the list of dragons and tigers in the two cities in advance.

Then, the extreme adjustment trend of the market is very likely to come in advance.

That is to say, considering the huge impact of this main capital on the market itself, the market window period that we may have to reduce positions and take profits is not as long as originally predicted. ”

"It seems that we have to guard against this." After listening to Xu Shen's words, Zhou Kan said, "Okay, then after the market opens in the afternoon, I will speed up the speed of reducing positions and taking profits, and give priority to reducing the holdings of chips in the main line of 'big finance' in the main line of taking profits." ”

Fortunately, the overall volume of several main fund products managed by their institutions is not very large.

In the short term, you want to complete the operation of reducing positions and taking profits.

With the abundant liquidity in the market today, it is still easy to do.

As the two discussed, they continued to optimize the corresponding trading strategies and conduct a deeper analysis of the market trend.

Lunch break.

In the stock investment discussion communities, forums, financial media comment areas and other places where major retail investor groups gather on the whole network, the vast majority of investor groups still hold quite positive bullish views on the market trend in the afternoon and the subsequent market trend.

And the money-making effect of the popular leading stocks in the red market.

There are still many novice investors and potential investors who are scrambling to enter the market.

At this time, from the public discussion point of view, as well as the major major funding institutions, it can be seen that there are still very few investors who perceive that there may be a certain degree of extreme correction risk in the market, and the bearish investors, even if they express their own views, will most likely be fully refuted by a group of investors who are bullish on the market from the interpretation of various favorable latitudes.

In this kind of overall market bullish sentiment, it is still in a very hot and continuous fermentation state.

Countless bullish views collide.

A short lunch break went by in a flash.

In anticipation, the eyes of countless pairs of investors converged, and at 1 o'clock in the afternoon, the two markets once again ushered in a continuous auction trading session. (End of chapter)