I saw that the market market had just begun to beat.

The Shanghai Index, Shenzhen Index, and ChiNext Index have risen rapidly under the fully brewed bullish sentiment.

In just one minute, the Shanghai Composite Index and the A50 Index returned to above the 1% mark, while the Shenzhen Index and the ChiNext Index also rebounded to 0.8%.

At 1:02, 'CEFC Securities' exploded nearly 500 million yuan in just one minute, and the intraday turnover reached the 17 billion mark.

At 1:03, 'Bluestone Heavy Loading' opened the fall limit, and the stock price rebounded.

At 1:04, the share price of 'Sugon' also rose from around 7 points to around 5 points.

At 1:05, the 'sub-new stocks' sector rose again, and the near-end sub-new rose rapidly.

At 1:06, the "national defense and military industry" industry sector rebounded, and the nuclear power, military industry, domestic aircraft carrier, large aircraft, and Beidou navigation concepts with a strong correlation with it also showed a significant upward trend.

At 1:07, the intraday increase of 'CEFC Securities' rebounded to 4.5%, and the intraday turnover was amplified to 17.6 billion.

At 1:08, the stock price of the three musketeers of Internet finance, "Great Wisdom, Flush, and Oriental Wealth" rebounded.

At 1:09, the check of 'Yingkou Port' also turned red from underwater, and the rebound was obvious.

At 1:10, 'CEFC Securities' rose within the day and returned to the 5% mark, and at the same time, the intraday turnover expanded to the 18 billion mark.

At 1:11, the share price of 'Huaguo Construction' also returned to the position of 3%.

At 1:12, the two stocks of "Shanghai Ganglian" and "Huake Jincai" rose almost synchronously, and continued to lead the concept stocks of the entire Internet financial sector.

At 1:13, the share price of 'Huaxin Securities' hit the intraday limit again.

At 1:14, 'Xiangcai Securities' also showed signs of returning to the price limit.

At 1:15, in the main line of 'big finance', the net outflow of the total main capital trading trend gradually declined.

At 1:16, in the core main lines such as 'big finance', 'big infrastructure', and 'military industry', the main line areas such as 'big consumption', 'non-ferrous cycle', 'petrochemical', 'mobile Internet', and 'smart phone industry chain' have begun to weaken again.

Although these relatively less popular main lines follow the trend of several popular main lines.

It's not much of a seesaw.

However, in terms of the inflow and outflow of main funds, it is an obvious seesaw effect.

The fact that the market is changing so much now is enough to show that in fact, in the logic of the overall 'high and low switch', many main funds also have great differences.

There are main funds, and they choose to retreat from the main line of 'big infrastructure' and 'big finance'.

But at the same time, there is also a considerable amount of capital, from the main line areas such as 'big consumption', 'non-ferrous cycle', 'medicine', 'mobile Internet', 'smart phone industry chain', etc., to the more powerful 'big finance', 'big infrastructure', 'military industry', 'film and television media' and other core main line areas.

At 1:17, the 'Shanghai Sanmao' returned to the daily limit, and forcefully turned the huge disk divergence to the same.

Subsequently, driven by the return of Shanghai Sanmao.

The entire 'Shanghai Free Trade Zone' concept stocks, as well as a number of follow-up stocks with strong correlation with the 'Shanghai Sanmao' business and strong trend correlation, are also strengthening rapidly, and they have seen a short-term upward trend.

At 1:18, the main theme of the core concept of 'reform and reorganization of central enterprises and state-owned enterprises' is also full of recovery, and the corresponding constituent stocks have strengthened.

At 1:19, the Shanghai Composite Index returned to the intraday gain of 1.2%.

At 1:20, the A50 index also returned to more than 1.5% in the day, and the two core weighted industry sectors of banking and insurance, as well as the intraday increase in the securities sector index, all returned to the 2% increase position.

Subsequently, the total main funds of the two cities began to gradually change from a net outflow to a net inflow.

After that, just when everyone thought that the market had completely picked up, today's market would still close with a long white line.

But I didn't expect it......

After 1:30, the concentrated selling of the sky began to comprehensively suppress the market shock downward.

At 1:35, the total net outflow of main funds in the weighted industry sectors of securities, banking and insurance in the three main areas of 'big finance' began to accelerate.

At this time, 'CEFC Securities' fell back below the 4% increase in its stock price.

The intraday turnover has exceeded more than 20 billion.

At 1:36, after struggling for almost half an hour, 'Bluestone Reload' once again closed the fall limit.

At 1:37, the intraday decline of 'Huake Sugon' also fell again, and this time the speed of the decline was more violent, and there were signs of falling with the 'Blue Stone Heavy Load'.

At 1:38, the stock price of "Huagong International", the core hot stock in the main line of "big infrastructure", fell back to the flat position again, and on its disk, the concentrated selling power is also increasing with the times, and the successive 10,000 main selling orders continue to suppress the stock price.

At 1:39, the check of 'Huaguo MCC' fell below the flat price and showed a downward trend.

At 1:40, the two checks of 'Huaguo South Car' and 'Huaguo North Car' fell simultaneously, and the stock price changed from red to green.

At 1:41, a number of 'Huazitou' infrastructure stocks such as 'Huaguo Railway Construction, Huaguo Communications Construction, Huaguo China Construction, Huaguo China Railway, and Huaguo Construction ......' all exploded sharply.

At this time, the intraday turnover of the two cities has broken through to the 800 billion mark.

At 1:42, on the disk of 'Straight Flush', there was a rush to kill the trend, and Great Wisdom and Oriental Fortune were affected by it, and the stock price also fell with the trend.

At 1:43, the 'Shanghai Sanmao', which once closed the daily limit, blew up the board again, forming a bad board trend.

At 1:44, the emotional leading stocks of the three securities sectors of 'Huaxin Securities', 'Xiangcai Securities' and 'Western Securities', the stock prices also fell rapidly in an instant.

At 1:45, the intraday turnover of 'CEFC Securities' is still expanding rapidly.

At 1:46, the stock price trend of the two checks of "Huake Jincai" and "Shanghai Ganglian" also followed the trend again and fell back to around the 5% increase.

At 1:47, the Shanghai Composite Index rose during the day and once again fell below the 1% growth mark.

At 1:48, the rise of the A50 index also fell back to the intraday low again.

At 1:49, 'Huake Sugon' fell to the limit, so far...... In the entire sub-IPO sector, the two sub-new high-standard leaders all fell to the limit.

At 1:50, the intraday turnover of 'CEFC Securities' exceeded 23 billion.

Seeing the intraday trend of the two cities in the afternoon, once again forming a trend of high volume and falling back, at this moment, in the Shenzhen market, inside the Xinniu Fund Company, in the main fund trading room, Mu Zhengxing, the trading fund manager of the 'Xinniu No. 2' fund product, carefully stared at the changes in the two markets, and finally had to accept the judgment of Fang Xinsheng, the manager of the company's asset management business, and said: "Mr. Fang, looking at the current market form, it should be difficult to reverse today, right?" ”

Fang Xinsheng responded with a smile: "The volume of turnover in the two cities can explode to this point, and it can't be pulled up, which means that the market is in this position, and it is basically difficult to break through upwards." ”

"Hmm!" Mu Zhengxing nodded and continued, "The check of 'CEFC Securities', today's turnover, it seems that it is going to break through to the 30 billion mark, it is really terrifying, in my memory, it seems that in the past history of the two cities, there has not been a single stock that can reach this scale of turnover in a day, right?" ”

Fang Xinsheng replied: "Today's intraday turnover of the 'CEFC Securities' check is indeed terrifying, and it should exceed all the expectations of the investor group who pay attention to this stock." ”

"Such a large amount...... I don't know who's throwing it. Mu Zhengxing sighed.

Although Fang Xinsheng had expected the central bank's interest rate cut and RRR cut, which everyone fully expected, would cause a positive trend to the market after landing, it would cause a negative trend pattern to the market, but neither Fang Xinsheng nor he had guessed that after the good landing, the market would release this level of sky.

Of course, no matter how the current amount can change.

Both of them agree at the moment that the market cannot go up here, and continuous adjustment is inevitable.

Therefore, judging from the previous forecast direction, the main fund products they manage can be regarded as a very correct trading strategy to reduce their positions to a low level in advance.

Fang Xinsheng pondered for a moment and said, "There are a lot of funds sold today, but the main thing is ...... It should still be the short- and medium-term profit disks and unhedging orders accumulated in the early stage, as well as those large quantities of latent disks that have the advantage of information channels and lurk in advance to the core main line of 'big finance', of course...... There is also a core main fund that everyone is more concerned about, and it is likely to be selling rapidly today. ”

Mu Zhengxing thought for a while and said, "Fang always said that the core main capital of the 'Yuhang Department' is right?" ”

Fang Xinsheng nodded and said, "Yes, this core main fund is also likely to be frantically selling chips today." ”

"Where can we see that the core main capital of the 'Yuhang Department' is also selling off on a large scale?" Mu Zhengxing asked with some confusion, "Can the trading volume that erupted from the two core main lines of 'big finance' and 'big infrastructure' go up alone?" ”

Fang Xinsheng smiled and said: "More than that, you look at the market summary, the 'Yuhang Department' is the main capital of some heavy stocks, such as the core weight of the securities sector, the core of the bank, the insurance weight stocks, as well as the 'big infrastructure' main line of the high liquidity of the 'Huazi' weight infrastructure stocks, as well as the Internet finance field, the film and television media field, the field of smart phone industry chain of the corresponding position stocks, you look at these stocks, today is not all in a large volume, And the trend of stock prices under pressure and volatility is obviously more drastic than other stock prices. ”

Mu Zhengxing carefully observed for a while and found that this was really the case, and couldn't help but say: "It seems that the Su president of the 'Yuhang Department', under the large profits, saw the news of the central bank's interest rate cut and RRR cut landing, and he still couldn't help but take profits, but it is also understandable, not to mention that the current point in time has reached the end of the year, the main capital group of the 'Yuhang Department' has the need for net value settlement. ”

"This should just be one of the reasons for this main fund, reducing positions and taking profits." Fang Xinsheng said, "I think what really led to the main capital to reduce positions and take profits is that this main capital feels that the next market adjustment will not be short in space and time."

After all, a major fund product like this 100 billion scale.

Whether it is to reduce or open a position, it is very difficult.

Generally speaking, if the market is a relatively benign adjustment, the space and time for adjustment are not large, and the underlying logic of the market's investment is still relatively stable, such a main fund will not easily reduce its position and give up the chips in its hands. ”

"Won't the time and space for adjustment be short?" Mu Zhengxing pondered for a moment and asked, "So, the bull market logic of the market still needs to be verified and tested?" ”

Fang Xinsheng nodded and said: "That's for sure, the continuous rise in front, the accumulation of profit orders and unhedging orders without continuous cleaning, the chip structure is not further readjusted, and it has been moving forward with a heavy load, even if the market volume can explode to more than 1.5 trillion yuan, I am afraid it will be difficult to pull the market to continue to rise."

Therefore, a wave of deep adjustment and restructure the chip structure.

For the current market, it is still very necessary.

Moreover, I think that if there is the inducement and guidance of the main capital of the 'Yuhang system', the market should be more stable in this wave of continuous adjustment, and the future bull market height should be higher. ”

"Overall, the future is definitely optimistic, right?" Mu Zhengxing continued.

Fang Xinsheng bowed slightly, said: "It must be optimistic, the current market has generally formed a bull market expectations, as long as the follow-up adjustment, the Shanghai Index does not break the position of 3000 points, then everyone's expectations for the bull market will always exist, and according to the current valuation level of the entire market, as well as the analysis of the cost factors of the profit plate, even if the market is violently adjusted and falls sharply, there is basically no possibility of falling below 3000 points again." ”

When Mu Zhengxing heard Fang Xinsheng's words, he smiled and said, "That's good." ”

"However, although the space is highly probable, it is estimated that the time will not be short." Fang Xinsheng continued, "And this is also the reason why I advocate that our company's fund products should try to reduce positions and take profits in the current position, and then wait for the market to retrace and then get back the corresponding chips." ”

"Well, it's still Mr. Fang." Mu Zhengxing praised from the bottom of his heart.

Then, he turned his gaze back to the time when the two markets were on the market......

At this time, the trading time of the market has entered 2 o'clock in the afternoon.

When the time entered 2 o'clock in the afternoon and began to enter the last hour of the trading session at the end of the session, the long and short trading on the two markets began to become more intense. (End of chapter)