"That's true." Fang Xinsheng said, "So our trading strategy and investment strategy, or be cautious, or conservative, according to my analysis, in December, due to the major institutions, the general adjustment and trading strategy changes are relatively large."

Therefore, the fluctuation range of the market is estimated to be not small.

We should not underestimate this wave of adjustments, and of course, we should not be too pessimistic.

Go with the flow and look at the next market changes, if it falls very hard, you can continue to increase your position a little, if it doesn't fall much, or if it falls slowly, then just continue to be patient. ”

"Okay." Liu Xin nodded and said, "The performance of the two main fund products managed by our institution this year has completely exceeded the expectations at the beginning of the year.

If the market can have a big market, then let's do it.

If there is no market that can be sustainable and has a relatively high degree of certainty, then we will rest.

Our main task now is to make full research and analysis preparations for tomorrow's investment goals and corresponding investment targets. ”

"Okay, totally agree." Mu Zhengxing said with a smile, "It should be right to keep a light position this month." ”

At the time when several core figures of Xinniu Fund Company made a careful analysis of the newly released financing data of the two cities, as well as the data of the Dragon and Tiger List, and formulated follow-up trading strategies and investment strategies.

Also in the Shenzhen Stock Exchange, Pingyin Asset Management Trading Center.

As the main fund product manager, Chen Shen looked at the data of the dragon and tiger lists of the two cities, especially when he did not see the "Yuhang Department", the main capital-related trading seats, he was also confused, his expression was very surprised, and he wondered: "What does the capital of the 'Yuhang Department' mean?" Massively minus by one day, and then not at all? This is...... Is it washing dishes? Just deliberately let the big guy follow the trend and sell? ”

As he spoke, he turned his gaze to Gao Yixiang and Wang Jinglun and asked, "What do you think?" ”

Gao Yixiang pondered for a moment and responded: "It feels ...... It doesn't seem to be a dish washer, right? From the overall trend of the market, in the past two days, it is true that the net outflow of the main capital group is relatively large, and after the news of the central bank's interest rate cut and RRR cut landed, with the concentrated selling of a large number of main capital groups, the chip structure of the core main lines of 'big finance', 'big infrastructure' and 'military industry' has indeed been basically loosened. ”

"I think ...... too Surely not a wash? Wang Jinglun said, "According to the evaluation of their positions by a number of investment institutions in the market, the positions of this institution in the popular main line areas such as 'big finance', 'big infrastructure' and 'military industry' have long been in the field of heavy positions.

Since this institution has a heavy position in the hot main line areas of 'big finance', 'big infrastructure' and 'military industry', the high-quality chips of related popular weighted stocks and core constituent stocks.

There is no need for them to wash the dishes.

Generally speaking, the shuffle is for the main funds that are not enough to collect chips, which definitely does not include the main funds of the 'Yuhang system'.

Moreover, look at yesterday's and today's market trends.

Especially yesterday's disk trend, the main capital of the "Yu Hang Department" was sold so urgently, it was basically a pressure selling, and it was not a method of operation of the wash at all. ”

"Since it's not a wash, how can you explain today's Dragon and Tiger list data?" Chen Shen said, "How to explain that the main capital of the 'Yuhang Department' suddenly disappeared today after a large-scale reduction of positions and profit-taking yesterday? Can't the main capital of the 'Yuhang Department', with a position of more than 200 billion chips, be reduced in one day yesterday, right? ”

"With such a huge amount of holding chips, it is naturally impossible to reduce the holdings in one day." Wang Jinglun said, "But is it possible that the main capital of the 'Yuhang Department' was starting to reduce positions and take profits as early as a week or half a month ago?" ”

Gao Yixiang pondered for a while and said: "Don't say it, I think it's really possible, the trading methods and motivation of the main capital of the 'Yuhang Department' cannot be analyzed with normal logic, otherwise this main fund will not be so legendary in the market, nor can it have such a high seat premium and market influence." ”

"Did you start reducing your position a week or half a month ago?" Chen Shen was stunned for a moment and said, "This is too ...... Amazing, right? A week ago, half a month ago, the market was in the midst of a full-speed breakthrough. What do you think...... It's unlikely! ”

Wang Jinglun said: "I think it is entirely possible, the main capital of the 'Yuhang Department', this year in the 'big finance', 'big infrastructure' two core main lines, made too much, plus the central bank cut interest rates, the news of the RRR cut, a week ago, even half a month ago, it was spread in the market, for the central bank to cut interest rates, RRR has sufficient expectations of the main capital groups are not a lot, everyone is also doing these news to bring a strong market stimulus to the market this arbitrage, I think' Yu Hang's will not ignore this.

Other words......

In fact, after the central bank cuts interest rates and RRR cuts, the market trend will appear in a positive form, and many funds actually have relevant expectations in their hearts early on.

The so-called stock price speculation is expected, not the fulfillment of expectations.

A major capital institution like 'Yuhang', which has an extremely sensitive sense of smell in the market, can definitely think of this in the constantly changing news.

So, I think yesterday on the Dragon and Tiger list data.

The large-scale reduction of positions and take-profit of the 'Yuhang system' is the probability of the tail position, which is still very large.

If a major institution with such a large volume does not predict the market situation in advance, it will definitely be difficult to achieve the established investment strategy goals.

Moreover, according to the market trend of these two days.

Now, for the motivation of the main fund of the 'Yuhang system' to reduce positions and take profits, we can only think towards the most pessimistic expectations, and cannot think according to optimistic expectations.

Because under the influence of the main capital of the 'Yuhang Department', a huge group of follow-up funds has been formed.

It is a fact that the internal bargaining chip structure of the entire popular main line of 'big finance', 'big infrastructure', 'military industry', and 'film and television media' has been completely loosened.

If at this time, we still have any unrealistic illusions and expectations.

Once you miss a good opportunity to reduce your position and take profit.

Then, in the future, as more and more follow-up funds dump and sell, the situation we are facing will only become more and more passive. ”

"Jinglun is right." Gao Yixiang also persuaded at this time, "Mr. Chen, I think that in terms of the current market trend, we still turn the trading strategy to the defensive stage, and the corresponding trading strategy is relatively conservative and will be better. It's even more important. ”

After the whole of November, and the beginning of December, the market continued to rise violently.

On the basis of their main positions in the early stage, they have transferred their main positions to the core main lines of 'big finance', 'big infrastructure' and 'military industry'.

They were here for almost 2 months.

It has already made up for the losses in the first half of the year, as well as the investment strategy mistakes in June and July, as well as the drawdown of net worth.

"Okay!" Chen Shen saw that the two of them had relatively the same opinion, so he pondered in his heart, and then he didn't get entangled, and said, "Since both of you think so, then we will continue to reduce our positions in core mainline areas such as 'big finance', 'big infrastructure', and 'military industry', free up our positions, and wait for the plan for the coming year." ”

"Hmm!" Hearing Chen Shen's words, the two of them couldn't help but nod their heads, and they both agreed deeply.

Now that the annual performance target has been completed, everyone does not want to fight again, after all, the current market trend, uncertain improvement, and continue to take a position, it is really a knife to lick blood.

The same ......

At this moment, it is like 'Zexi Department', 'Minghui Capital', 'Jingda Investment'...... and other communities.

After carefully reviewing the data of the Dragon and Tiger List for two consecutive days, after collecting the news at the end of the year and the historical trend of the market in previous years, in terms of investment strategies and trading strategies, they have also made the results of continuing to reduce positions and take profits, or to maintain low positions, keep the fruits of the previous victory, and control the net value drawdown.

On the contrary, at this moment, in the circle of tourists.

As well as the majority of retail investors gather in online stock exchange forums, communities and other places, everyone's views are relatively different.

Among them, in the internal group of Yuhang's main tour capital where Su Yu is located, there are active tour capital who sighed after reviewing the data of the Dragon and Tiger List for two days: "Looking at this, I feel that the 'Yuhang Department' main fund led by Mr. Su, and its associated 'Anzhao Department' main fund, do not plan to really leave the market, these two core main forces, the total scale should be more than 200 billion, right?" But I flipped through the continuous dragon and tiger list data of the market in the past month, as well as other trading information on and off the market, and found that the main fund products in charge of Mr. Su are really only the only record of large-scale sales on the dragon and tiger list yesterday, with a selling scale of more than 2 billion, compared with the scale of more than 200 billion holdings, I have reason to believe that the main fund products in charge of Mr. Su have not reduced their positions on a large scale! ”

"No, if the main fund product in charge of Mr. Su didn't think about large-scale position reduction and exit, then what does it mean to sell on the Dragon and Tiger list? Causing today's market to plummet, what are the main funds selling to follow? According to your logic, it doesn't make sense at all. ”

"Clean the floating chips and build a stronger chip platform?"

"There is no need, whether the market can go up, whether it can continue to go up, relying on the joint efforts of funds, the 'national team' cannot perfectly control the market, not to mention the main fund products in charge of Mr. Su? This kind of speculation is completely impossible, and with this kind of large-scale sell-off, causing the market to panic and plummet, the overall main line market shuffle is completely a way of hurting the enemy by 600 and losing 1,000 by itself, unless Mr. Su is stupid, otherwise he will never do this. ”

"If you want me to say, you don't need to analyze so much, wouldn't it be nice to judge according to the trend of the market and the flow of funds? If you are weak, you will reduce your position, and if you are strong, you will recover your chips, isn't it as simple as that? ”

"Regardless of what the real motive of the main capital of the 'Yu Hang Department' led by Mr. Su is, the fact is that the short-term panic selling pattern in the market caused by the main capital of the 'Yu Hang Department' led by Mr. Su has been formed, and at the same time, the two core main areas of 'big finance' and 'big infrastructure', the relevant main funds have been sold, and the phenomenon of the collapse of its internal chip structure has been formed, since this is the case...... Then there is no need to watch too much brainlessly. ”

"Agreed, we must respect the market trend, the bull market cannot rise all the time, the short-term adjustment of the market, I want to say...... It's inevitable. ”

"Let's look at 3,500 points first, the Shanghai Composite Index is back to 3,800 points, and it is basically impossible in the short term."

"Yes, we must respect the market trend, at this time, there is no need to grab that bit of risk profit."

"It's better to be safe at the end of the year."

"At the end of last year, there was no market, and most of them are the same today."

"At the end of last year, it was the end of the hype of the two major concepts of 'mobile Internet' and 'smart phone industry chain'...... At least for now, no matter how it is analyzed, no matter how it is analyzed...... the bargaining chip structure of the two core main areas of 'big finance' and 'big infrastructure' has collapsed. ”

"Yes, I found out that now I can't believe too much in the main capital trends of the 'Yuhang Department' led by Mr. Su, and I still have to rely on my own judgment and analysis."

"That's for sure, what kind of cognition determines what kind of operation and final profit."

"Alas, as soon as Mr. Su withdrew, he felt that the line of 'sub-new stocks' had also collapsed."

"The line of the concept of 'new stocks' should also be adjusted, and the two checks of 'Blue Stone Reloading' and 'Huake Sugon' have indeed been hyped too hard in the past month."

"In any case, it's not a good time to open a new position lately."

"Let's wait for the Shanghai Composite Index to step back to 3,500 points, I don't plan to do it recently."

"In fact, as long as you avoid the most ruthless 'big finance', 'big infrastructure', 'military industry', 'film and television media', and 'new stocks' sectors, it's okay to avoid the most ruthless 'big finance', 'big infrastructure', 'film and television media', and 'new stocks'...... Basically, there is still a part of the money-making effect. ”

"But it is undeniable that the overall money-making effect of the market is really declining."

"That's right, the gentleman does not stand under the dangerous wall, since it is determined that the Shanghai Composite Index has a high probability of stepping back on 3,500 points, then before stepping back, try not to do the market, it is better."

"Alas, I have to say, it's really hard to learn to empty a warehouse!"

"That's for sure, I have money in my hands, and I think an empty position is torture."

"But only when you learn to take short positions can you have a normal attitude to look at the changes in the market!"

"Let's take a look at how the market will go tomorrow, and see what the data of the market will be tomorrow? If Mr. Su's 'Yuhang Department' main fund product related trading seats continue to be invisible as today, then I think we can be a little more optimistic, after all, this is the case...... At least many major institutions in the market expect that the Yuhang system led by Mr. Su will continue to reduce positions on a large scale, which is obviously weakened, that is to say, the market selling pressure caused by the trend should be weakened a lot, thus bringing a certain respite to the market. ”

"Well, then wait for the market to come out tomorrow, and decide whether to open a position or not!"

"It depends on the change in terms of quantity and energy."

"That's right, the volume of the two markets will decay today, and I don't know if it can continue to be maintained above the trillion mark."

With the rapid refresh of the messages in the group.

In the major stock investment exchange forums, communities, and post bars on the whole network, and even in other main internal groups of tourist capital, as well as the main internal groups of institutions.

About today's data on the dragon and tiger list of the two cities, as well as speculation about the motives of the disappeared 'Yu Hang system'.

It is still being fiercely performed.

Many investors have published all kinds of strange conjectures.

However, no matter what kind of conjecture, it cannot change the overall investment sentiment and speculation of the market, and it has begun to gradually change from bulls to bears.

It is also impossible to change the trend of the external market, which opens low and goes low in the evening.

In the end, in this kind of internal and external emotional influence, as well as long and short emotions are intertwined.

The next day, December 10, Wednesday, the two cities still showed a trend of low opening across the board, and the 'big finance', 'big infrastructure', 'military industry', 'film and television media', and 'new stocks' that attracted much attention...... and other popular main lines, as well as related major popular industry sectors, concept plates, and a number of popular stocks, have also become the market performance areas with the greatest selling pressure, the heaviest selling volume, and the most obvious loss effect in the two markets. (End of chapter)