At 10:33, in the food and beverage industry sector, Qianzhou Moutai, Wuliangye, and Luzhou Laojiao ...... Among them, the share price of Qianzhou Moutai rose to more than 1.5%, and the main funds were greatly gathered to follow the trend.

At 10:34, Midea Electric, Gree Electric, Haier Electric...... A number of white goods stocks continued to rise, and the stock price rose by more than 1%.

At 10:35, the check of 'Netspeed Technology' rose by about 2%.

At 10:36, the GEM index narrowed to less than 0.7% in the day, and at the same time, in the main line of the "mobile phone smart industry chain", the "Apple concept" sector sprung up, such as "Anjie Technology, Changying Precision, Xinwei Communication ......" and other concept stocks, have risen in a straight line.

At 10:37, 'Huaguo Software' turned red from the deep water.

At 10:38, the concept plates such as "domestic software" and "network security" turned red and rose, and squeezed into the top of the list of concept plates in the two cities.

At 10:39, 'LeTV' rose by 1% in the day, and the 'film and television media' industry sector rebounded.

At 10:40, the stock of 'Huake Sugon', which opened the fall limit, quickly narrowed to a 7% decline in the day, and at the same time, a number of small and medium-cap technology concept stocks and growth concept stocks rebounded one after another, and the market and sentiment of the two cities continued to pick up.

At 10:41, the two stocks of "Inspur Information" and "Inspur Software" rose by more than 2%.

At 10:42, the three main areas of 'big consumption', 'mobile Internet' and 'smart phone industry chain', as well as the related core industry sectors and concept plates, all showed a net inflow of main funds, while the entire 'big finance', 'big infrastructure', 'military industry', and 'film and television media' ...... and other popular main line areas in the early stage, the main funds continue to show a large net outflow.

At 10:43, the intraday share price decline of 'Huake Sugon' further narrowed to about 5%.

At 10:44, the core concept stock of the "Apple Concept" sector of "Changying Precision", the stock price rose in a straight line in an instant, rising by more than 5%, and drove other Apple concept stocks, as well as other small and medium-cap technology growth concept stocks, to rebound one after another.

At 10:45, it was affected by the ...... of 'big consumption', 'mobile Internet', and 'smart phone industry chain' and other low-level main lines of the rebound impact, 'big finance', 'big infrastructure', 'military industry', 'film and television media', 'new stocks'...... and other weak popular main lines have also begun to rebound gradually.

At 10:46, the stock of 'Bluestone Heavy Loading' began to move, and its stock price rose in a straight line from near the fall limit, and within a minute, the decline quickly narrowed to about 7%.

At 10:47, driven by the rebound of the stock of "Blue Stone Heavy Equipment", "China Airlines Heavy Machinery", "Hongdu Aviation", and "Aerospace Development" ...... and other military mainline concept stocks also followed the trend and rose.

At 10:48, the stock sector index narrowed its intraday decline to 2%.

At 10:49, the core sector indices of the main line of 'big finance' such as banking, securities, and Internet finance also began to rebound gradually.

At 10:50, the Shanghai Composite Index narrowed its intraday decline to around 0.8%.

At 10:51, steel, real estate, public transportation, machinery and equipment, non-public transportation...... and other industry sectors and concept sectors in the main line of 'big infrastructure' have also begun to rebound.

Subsequently, the vast number of investor groups inside and outside the market, as well as various large capital groups.

They thought that the market had completed the main line conversion of 'high and low switching', and fully released the risk of falling, and thought that the intraday market would turn significantly.

When the market enters 11 o'clock.

Securities, building decoration, building materials, national defense and military industry...... and other popular mainline areas of the weighted industry sector, one after another sharp turn.

At 11:01, the weight of the securities sector, 'CEFC Securities' intraday decline expanded to more than 2.5%, and the intraday turnover broke through to the 6 billion mark, compared with yesterday, there is no obvious sign of shrinkage, and this check, in less than half a day of trading time, the net outflow of the main funds on the disk, has reached the 500 million mark.

At 11:02, due to the continued weakness of the stock of 'CEFC Securities', the securities sector index also dived and fell, and at the same time, 'Western Securities', 'Huaxin Investment', 'Harbin Investment', 'Huaxin Securities', 'Xiangcai Securities'...... A number of popular securities stocks that led the securities sector to continue to rise in the early stage also dived lower again at this moment, encountering a relatively strong continuous sell-off.

At 11:03, the check of 'Huaguo Construction', which was below the turnover of 'CEFC Securities', also began to dive down rapidly, and at the same time, the time-sharing trading volume increased rapidly.

At 11:04, the 'Chinese Communist International' fell again, and the intraday decline expanded to 5%.

At 11:05, the check of 'Huaguo MCC' was once again sold by the main large funds, and the decline in the disk expanded to about 6%.

At 11:06, the two stocks of 'Huaguo North Car' and 'Huaguo South Car' fell sharply.

At 11:07, under the influence of the continuous net outflow of the main capital groups within the two core main lines of 'big finance' and 'big infrastructure', as well as the concentrated selling of many funds, the Shanghai Composite Index once again fell below the 1% decline mark in the day, and at the same time, the decline of the Shenzhen Index and the ChiNext Index also began to expand.

At 11:08, the intraday decline of 'Huaguo MCC' expanded to 7%, and there is a tendency to fall to the limit.

At 11:09, the 'Blue Stone Heavy Equipment', which had struggled to rebound, fell again to seal the fall limit, and at the same time, the 'national defense and military industry' industry sector also quickly followed the trend and dived.

At 11:10, the intraday decline of 'China Airlines Heavy Machinery' reached 5.67% again, and hit a new intraday low.

At 11:11, the check of 'Hongdu Airlines' suddenly fell rapidly, and the stock price went straight to the limit.

At 11:12, the stock price of 'Hongdu Airlines' hit the fall limit.

At 11:13, the stock price of "Hongdu Aviation" was closed to the limit, and at the same time, "Aerospace Development, China Airlines Heavy Machinery, Fushun Special Steel, Dalian Heavy Industry ......" and other popular concept stocks in the field of military industry and nuclear power concept plates also fell rapidly, encountering extremely strong selling impacts.

At 11:14, the intraday decline of 'CEFC Securities' reached 3%.

At 11:15, a number of weighted securities stocks such as 'Huashang Securities, Huatai Securities, and Huatong ......Securities' followed the decline, with intraday declines of more than 3%, among which the most vulnerable 'Founder Securities' intraday stock price fell by 5%.

At 11:16, the two stocks of 'Huaguo Bank and Huashang Bank' also showed an obvious rapid downward trend.

At 11:17, the A50 index fell in the day, expanding to more than 2%.

At 11:18, the two stocks of 'Northern Xinjiang Communications Construction and Shanghai Construction Engineering' suddenly hit the fall limit.

At 11:19, the concept of "Shanghai Free Trade Zone" fell rapidly, and the two stocks of "Shanghai Sanmao" and "Shanghai Ganglian" expanded to more than 7% in the day.

At 11:20, the main lines of conceptual themes such as "Northeast Revitalization", "Eurasian Economic Belt", and "Yangtze River Delta Economic Zone" all fell again and hit the intraday low.

At 11:21, the 'Internet finance' sector also suffered another heavy setback.

At 11:22, 'Great Wisdom' hit the fall limit.

At 11:23, 'Great Wisdom' closed the fall limit, and at the same time, the two stocks of 'Straight Flush' and 'Oriental Wealth' fell by more than 5% in the day.

At 11:24, the intraday decline of the 'securities' sector and the 'Internet finance' sector both expanded to more than 3.5% again.

At 11:25, the Shanghai Composite Index fell by 1.23%, and there is a trend of hitting a new intraday low.

At 11:26, the entire 'big finance', 'big infrastructure', 'military industry', 'sub-new stocks', 'film and television media'...... and other popular main lines in the early stage, all of which have suffered from the concentrated sell-off of major main capital groups, and the total net outflow of main funds in several major main line areas has reached the 8 billion mark.

At 11:27, the intraday decline of 'CEFC Securities' expanded to 4%, and the intraday turnover reached 7 billion.

At 11:28, the Shenzhen Index and the ChiNext Index both expanded their intraday declines to more than 1%, of which the A50 Index's intraday decline expanded to more than 2.5%.

At 11:29, the hot stocks in the two cities, 'Straight Flush' hit the fall limit.

At 11:30, when the two markets ushered in the noon close.

I saw that the Shanghai index was listed at a decline of 1.35%, while the Shenzhen Index and the ChiNext Index fell by 1.16% and 1.07% respectively.

As for the A50 index, the decline at the moment reached 2.73%.

On the contrary, the small and medium-sized board index, which obviously failed to outperform the broader market index before, has become a temporary safe haven for many short-term capital groups and various active speculation funds today, and only fell slightly by 0.67% at noon.

In addition to the performance of the two market indices......

Other industry sectors, concept plates, popular main lines, non-popular main lines, related weighted stocks, and related concept stocks performance.

I saw that the core and popular main areas of 'big finance', 'big infrastructure', 'military industry', 'film and television media', and 'sub-new stocks', as well as their related industry sectors and concept plates, are still in the core areas with the weakest market performance in the two cities.

Among them, the securities sector index closed down 3.78% at noon.

The defense and military sector index closed down 3.49% at noon.

The building decoration and building materials industry sector indices closed down 3.26% and 3.17% respectively at noon.

These major industry sectors are all among the industry sectors in the two cities, and the obvious leading industry sectors, especially the securities sector, have completely become the leading sectors of the market in the last three trading days.

Of course, the most tragic has to belong to the 'Internet finance' and 'sub-IPO' sectors.

At this moment, the 'Internet finance' sector index, the decline has reached 4.29%, among them, the great wisdom of the limit, the Shanghai Ganglian limit, the Huake Jincai limit, the flush down limit...... In the entire sector, the total number of stocks with a total of falling limits has reached 7.

As for the sectors that are leading the gains......

It is obviously dominated by the three major concepts of 'big consumption', 'mobile Internet' and 'smart phone industry chain'.

Among them, in the field of 'big consumption', the industry sector of automobiles, in terms of the closing results at noon, still led the rise of the two cities, attracting the attention of the vast majority of investors in the market at the moment.

Of course, the performance of the two concept plates of 'domestic software' and 'Apple concept' is also very good.

These two major concept plates, at the close of trading at noon, have squeezed into the top five of the top five popular concept plates in the two cities, which can be said to be advancing and retreating together.

However, although the three main themes of 'big consumption', 'mobile Internet' and 'smart phone industry chain' performed relatively strongly in the morning, in terms of the attention and trading volume of the main funds, the total trading volume of the main funds in the main areas of these three conceptual themes is still in a net outflow state.

This illustrates the main line of thinking of the market's 'high and low switch'.

It seems that it has not been widely recognized by the major capital groups in the market, and it has not formed a more intense and concentrated money-making effect.

"Alas, it seems that the market is still not stable in this position!" Seeing the closing situation of the two cities at noon, at this moment, in the main fund trading room of Yanjing Yihe Capital Company, Gao Xiang, as the head of the fund trading team and assistant to the fund manager, sighed helplessly, turned his eyes to Chen Yihe, the fund manager and general manager of the company, and said, "Mr. Chen, look at this situation, the market trend in the afternoon, I am afraid that it will have to be further killed!" ”

Chen Yihe stared at the closing results of the two markets at noon, pondered for a while, and sighed helplessly, saying: "Look at it like this, the market development idea of 'high and low switching' has never been recognized by the main funds in the market, and has not formed a general expectation in this regard!" ”

Gao Xiang nodded and said: "Generally speaking, the future expectations of the main lines of the major concepts of 'big consumption', 'mobile Internet', and 'smart phone industry chain' are still a lot worse than the core main lines of 'big finance', 'big infrastructure', and 'military industry'. ”

"So...... We will have to continue to implement a conservative trading strategy. Chen Yihe said.

Gao Xiang nodded and said: "That's true, since the market can't form the logical line of 'high and low switching', then we naturally have to continue to reduce positions according to the original trading strategy." ”

"Alas, the market is still too affected by the continuous large-scale reduction of the main capital of the 'Yuhang system'." Chen Yihe said, "I am worried that the 'Yu Hang Department' will continue to sell chips on a large scale in the future, so they are selling chips on a large scale, trying to avoid the risk of being smashed by the main funds of the 'Yu Hang Department'." ”

Gao Xiang said: "In fact, the main reason is expected, and there is the "big finance", "big infrastructure", "military industry" The three core main lines of the chip structure are completely loose, I originally thought that in December, the Shanghai Index will go further, there will be a possibility of impacting 4000 points, now look at ...... We're going to have to lower our expectations. ”

"Hmm!" Chen Yihe nodded and said, "We can only lower our expectations first, change our trading strategy, and control the drawdown of our fund's net value first...... Always is the most important, fortunately, in the first two months of the market's main rise in the market, we can be regarded as grasping, the net value performance of our company's main fund products, can be regarded as the completion of the goals set at the beginning of the year, for the description of our investor group, there is also an explanation, just ...... The ranking in the industry is not so ideal! (End of chapter)