Seeing that the opening pattern of the two markets is obviously less than expected.

At this moment, the expectations of a group of retail investors gathered in the stock discussion area of the trading platform for the market trend have obviously taken a sharp turn.

"Well, what's going on? Why has the market been falling since it entered this week? ”

"Damn, it's just a trick, when I didn't have a full position before, the index and individual stocks kept rising, and I didn't pull back, but after I had a full position on Monday, it kept falling, which was terrible, alas...... Am I having bad luck? Or is there really something wrong with the market movement? ”

"No, is the Shanghai Index really going to 3500 points?"

"I really didn't expect that the central bank's interest rate cut and RRR cut came out, and the market fell for three consecutive days."

"It's better not to be good."

"Yes, if there is no good thing about the central bank's interest rate cut and RRR cut on Monday, maybe the Shanghai Composite Index can stabilize around 3,800 points, alas...... It's simply toxic. ”

"The good is all the negative, this wave of market trends is really a perfect interpretation of this."

"I really learned this time, and I really don't dare to chase profits next time."

"It's not a good or bad question, it still depends on the position of the market itself, before the good news of the central bank's interest rate cut and RRR cut, in fact, the market trend, on the technical side, has deviated from the normal trajectory, and it should have been a pullback a long time ago, the result is that everyone expects the central bank to cut interest rates and cut the reserve requirement, so there has been no pullback, in fact, if the market is carefully analyzed, it is possible to avoid this sharp pullback."

"That's right, and sure enough...... Technically, although not necessarily accurate, it is still useful! ”

"That's for sure, the market trend, the basic law, still has to be conformed."

"In fact, there is the most important point, the large-scale reduction and profit-taking of the 'Yuhang Department' led by Mr. Su is also a major reason for this round of market pullback."

"This is also the large-scale reduction of the 'Yuhang Department' led by Mr. Su, which should make many institutions in the field numb."

"You shouldn't have expected that, right?"

"However, in yesterday's data on the dragon and tiger lists of the two cities, the trading seats related to the 'Yuhang Department' led by Mr. Su did not appear, which feels amazing."

"Does this mean that the 'Yuhang Department' led by Mr. Su has given up large-scale position reduction again?"

"Probably not, right? How can the main force of big money be so casual in the change of investment strategy? ”

"What's going on? After subtracting by one day, it will not be reduced? ”

"Is it possible that the 'Yuhang Department' helmed by Mr. Su has completed the plan to reduce positions and take profits?"

"It feels unlikely, according to the estimates of major institutions in the market, the total size of the chips held by the 'Yuhang system' main fund products led by Mr. Su is about 200 billion, and the day before yesterday on the dragon and tiger list, the 'Yuhang system' related trading seats, but only reduced the chips of more than 2 billion, compared with the scale of 200 billion, it only accounted for about 1%, how could it be reduced in place?"

"Then how do you explain yesterday's Dragon and Tiger list data?"

"It is possible that the 'Yuhang Department' fund product led by Mr. Su didn't think about leaving the market at all, but just shook a shot and washed a wave of major capital groups that followed the trend."

"So it's possible."

"No matter what the motive of the 'Yu Hang Department' led by Mr. Su is, anyway, I think it's right to follow the 'Yu Hang Department' to reduce the position, and it turns out that after the 'Yu Hang Department' reduces the position of the capital, the market is falling endlessly."

"Agreed, follow Mr. Su's operation on the Dragon and Tiger list, just reduce your position, you don't have to think so much about it at all."

"I did this a few times ago, and I managed to avoid the big fall, participated in most of the market's rise perfectly, and successfully made excess profits."

"Yes, at this time, it is always right to avoid the two main lines of 'big finance' and 'big infrastructure'."

"It's right to reduce and short positions."

"In the past two days, it can be clearly felt that the market's money-making effect is decreasing."

"The two core main lines of 'big finance' and 'big infrastructure', after the large-scale reduction of the 'Yuhang Department' led by Mr. Su, it is obvious that the overall chip structure has been loosened."

"The key is to follow the other main funds sold by the 'Yuhang Department' led by Mr. Su, which is too much."

"That's right, it's too exaggerated."

"Lower your expectations, let's look at 3500 points first!"

"I don't think 3,500 points will really be able to hold up, maybe the Shanghai Composite Index will fall to 3,500 points today."

"No matter how much the pullback is, on the whole, the bull market pattern of the market should still be there, right?"

"That's definitely there, the medium and long-term logic of the market must be no problem, just take the 'Yuhang Department' main fund led by Mr. Su as an example, they should only reduce their positions, not clear their positions."

"Mr. Su made it clear that the long-term trend of the market is in a bull market, and he will definitely not clear his position in this position."

"That's good, since the pattern of the bull market is still there, and the trend of the bull market has not been destroyed, then I will continue to hold positions with peace of mind, as long as the bull market is still there, how to fall, how to rise back."

"It's just that it is estimated that it will take a while for the index to reverse."

"Don't be afraid, isn't the most worthless thing for our retail investors the cost of time?"

"That's right, I think at this time, we still have to maintain the investment thinking of the bull market, or buy more and more when it falls, I don't believe it, the index will fall back to 2,000 points."

"It's definitely impossible to fall back to 2,000 points, and if it falls back to 3,000 points, I feel it's possible."

"Probably not, right? Falling back to the beginning of the bull market? ”

"As long as it can be maintained above 3,000 points, don't be afraid, right?"

"Let's see how the market will go today, or in the near future, right?"

"Alas, it is mainly the two core main lines of 'big finance' and 'big infrastructure', which are too big a drag on the market trend."

"Who calls these two main lines the largest weighted main lines in the market?"

"The two main lines of 'big finance' and 'big infrastructure', although when they fall, they drag down the trend of the market, but when the short-term adjustment of these two main lines is completed, and then enter the rising stage, it will also play a great role in driving the market trend, and everything has advantages and disadvantages."

"This is also true, in fact, it depends on the current road of 'high and low switching', whether it can come out."

"That's right, if 'big consumption', 'medicine', 'non-ferrous cycle', 'petrochemical', 'mobile Internet', 'smart phone industry chain'...... These relatively low-level main line areas can be substituted to complete the rotation of the two main lines of 'big finance' and 'big infrastructure', then I think the index should be able to stabilize above 3500 points, and the rebound or reversal should be very fast. ”

"At present, there are traces of funds converging to a number of low-level main lines, but ......"

"But what?"

"However, it seems that the money-making effect of cohesion is not enough, and these low-level main lines, I feel that compared with the main lines of 'big finance' and 'big infrastructure', in addition to the advantages of chip structure, other things such as valuation, fundamentals, and performance explosion...... In terms of other factors, there is no comparison at all, and I always feel that these low-level main line areas still lack the motivation for speculation and the driving force for the stock price to continue to rise. ”

"Isn't the only condition for the stock price to rise not driven by the main funds?"

"The most direct reaction to the rise in stock prices is definitely the impetus of funds, but why do you guess that funds are gathering to push stock prices up? It is not the expectation of fundamental changes caused by its fundamentals, performance explosion expectations, and news aspects...... Are these factors determined? ”

"The chip structure advantage can be regarded as a big advantage, right?"

"It can be said that the fundamentals are not reversed, and the advantage of the chip structure can only support a short-term rebound, and the market trend of reversal cannot be formed!"

"Great, I think so too."

"Therefore, 'big consumption', 'non-ferrous cycle', 'petrochemical', 'pharmaceutical', 'mobile Internet', 'smart phone industry chain'...... These low-level main lines, is it still not the time for the market to completely reverse? ”

"At least for now, these previously relatively weak market main lines have not changed much in terms of fundamentals."

"Then we can only look at the rebound."

"Why do I think there may not be a rebound?"

"Not really, right? Judging from the main capital flow in the market in the past two days, many active capital groups are still converging in these low-level main line areas. ”

"The so-called endless eggs under the nest, 'big finance', 'big infrastructure' such a continuous plunge, I feel that 'big consumption', 'non-ferrous cycle', 'mobile Internet', 'smart phone industry chain' these main line areas of the industry sector, even if there are a lot of funds to buy the bottom to do long, will be brought down by the market, it is difficult to have a sustainable rebound market."

There is some logical support for this, but ...... After all, in the absence of any change in the bull market pattern, all the funds from the main line of 'big finance' and 'big infrastructure' have to find a way out and position, right? At this time, in addition to speculating on those with relatively advantageous chip structures, what else can these main lines in the low position speculate? ”

"Look again, look at ...... again"

"No matter what, I still hope that the market can stabilize today, I lost too much in the first two days."

Along with the discussion area of the trading platform, the discussion of this group of retail investors, as well as the topics and comments on the major stock investment discussion platforms on the whole network are refreshed.

Before you know it, the market time has come to 9:30.

The two markets, which were suspended for a short time, once again ushered in the official trading session of continuous auctions.

I saw that the market had just opened.

The Shanghai Index, Shenzhen Index, and ChiNext Index opened lower and moved lower.

Among them, the popular main line areas such as 'big finance', 'big infrastructure', 'military industry', and 'film and television media', which are concentrated in the early stage, are rapidly falling, and countless are pouring out.

And at a time when the popular main lines of 'big finance', 'big infrastructure' and 'military industry' are falling wildly.

'Big Consumption', 'Nonferrous Cycle', 'Petrochemical', 'Pharmaceutical', 'Mobile Internet', 'Smartphone Industry Chain'...... This so-called relatively low main line area is also rapidly declining, and it has not been able to continue to show signs of rebounding against the trend.

In this situation of general market decline.

At 9:48, the Shanghai Composite Index fell by 1% during the day, approaching 3,600 points.

At 9:50, in the main line of "big finance", the securities sector index and the Internet financial sector index fell by more than 2.5% in the day, among them, "Western Securities" plummeted by 5% again, and "Great Wisdom" and "Straight Flush" two checks pulled back sharply and plummeted by 6%.

At 9:55, the indices of the 'securities sector' and 'Internet finance' sectors fell further to about 3%.

At 9:56, the two major industry sectors of film and television media and sub-new stocks, the index also fell by about 2%.

At 10:01, the two popular stocks in the sub-IPO sector, "Huake Sugon" and "Bluestone Heavy Equipment", also showed a trend of falling again.

And the two checks are falling again.

It has also led to a number of short-term concept stocks and popular concept stocks in the two cities, which have also fallen again.

At 10:05, the 'military' industry sector index was affected, and it was also a sharp decline again, with the industry sector index falling by 2.75%, of which China Airlines Heavy Machinery fell by 5%, aerospace development and Hongdu Aviation two checks, and the intraday decline was directly killed to about 7%.

At 10:11, in the ...... of 'big finance', 'big infrastructure', 'military industry', 'film and television media', and 'new shares' When a number of popular main lines fell across the board, the Shanghai Composite Index fell to about 1.5%, of which the A50 index, at this time, fell by more than 2%.

At 10:16, in the trend of major indices continuing to fall sharply.

'Big Consumption', 'Nonferrous Cycle', 'Petrochemical', 'Coal', 'Pharmaceutical', 'Mobile Internet', 'Smart Phone Industry Chain'...... and other so-called low-level main lines, whether it is the net amount of main funds or the trend of the disk, have begun to continue to decline, and the general decline of the two cities is becoming more and more obvious.

At 10:20, the Shanghai Composite Index hit 3,600 points, encountered a strong counterattack from the bulls, and the market began to show a brief and obvious rebound.

At 10:25, 'Huake Sugon' and 'Bluestone Heavy Loading' opened the fall limit.

At 10:26, 'Internet Speed Technology' and 'LeTV' quickly rose and became popular, and the entire main line of 'Mobile Internet' was robbed of the main funds on a large scale.

At 10:28, the Shanghai Composite Index retreated to within 1.5%.

At 10:30, the decline of the GEM index retracted to less than 1%.

At 10:32, the main line of 'big consumption', its core industry sectors, such as 'automobiles, white goods, food and beverage, retail' and other sector indices, have turned red and risen, and continue to become the leading industry sectors in the two cities, giving the market a certain amount of bullish sentiment and rebound hope. (End of chapter)