"That's fine." Gu Chijiang said, "Where do you estimate the position of the market adjustment will stabilize?" ”

Lin Tingzong responded: "It's hard to say, it depends on the recent changes in news and sentiment, as well as the trend of the main funds of the 'Yu Hang Department', at present, the main funds of the 'Yu Hang Department' have a very large impact on the emotional side of the market, if the main funds can disclose the position and net value trend, it is estimated that it will have a drastic impact on the current market trend."

However, according to my guess, the main capital in the 'Yuhang Department'.

In the case that the investment strategy goal and trading goal have not been achieved, this main capital will not fully expose its position and net value dynamic trend for the time being.

Because of this main fund, there are too many followers that can be influenced.

Therefore, in order to avoid its investment strategy and trading strategy being interfered with by various follow-up funds in the market, most of this main fund will not disclose new position data and net value trends in the near future. ”

"I think so too." Gu Chijiang nodded and said, "The main capital of the 'Yuhang Department' has not seen a large-scale selling trend for two or three consecutive trading days after the large-scale reduction of positions on Monday, so ...... According to the past operation style and trading style of this main fund, the current main fund should not continue to reduce positions on a large scale or sell the market.

In other words, there is no 'Yuhang system', the main capital to suppress the trend of the market.

As well as the major market institutions, after comprehensively reducing the expectation of large-scale smashing and profit-taking of the 'Yuhang system', the market's pullback and downward trend should ease down slightly. ”

Lin Tingzong pondered for a moment and said: "I think that at this time, the market correction trend is slightly relaxed, but it is not conducive to the market trend. ”

"Why?" Gu Chijiang asked in a little surprise.

Lin Tingzong said: "This should lengthen the two core main areas of 'big finance' and 'big infrastructure', and the time for floating chips to clear out will lengthen the time and space for the adjustment of the two cities, if the market can quickly kill the line of 3200 to 3000 points with the current extreme selling sentiment, it is very conducive to the end of the market adjustment and the follow-up market market to come out." ”

"That's just as well." Gu Chijiang pondered for a moment and responded, "It seems ...... At present, the market does not see the traces of the end of the adjustment, and we have to continue the previous investment strategy and trading strategy, further reduce the position of the "big infrastructure", "big finance", "military industry" and other core main line areas of chips, and reduce the main fund position to a reasonable position. ”

"Hmm." Lin Tingzong nodded and continued, "The short-term trend in the market has reversed, so we ...... Naturally, we must respect the trend of the market. ”

Accompanied by the analysis of the current market by the two of them.

and about the changes in the investment strategy and trading strategy of the main fund products in the future.

At this time, the market of the two markets has begun to enter the trading time field 20 minutes before the midday close.

I saw that when the two cities were close at noon, the Shanghai Index, the Shenzhen Index, and the ChiNext Index, which originally showed a significant rebound, continued to encounter strong heavy selling pressure at a relatively high level in the intraday, and showed a more obvious upward and downward trend, and in the market, the slightly stronger "big consumption", "medicine", "mobile Internet", "smart phone industry chain" and other core main line related industry sectors, concept plates, market trends, at this moment, also began to show a weak trend pattern, disk selling in the increasing with the times, The active buying of the market gradually decreases over time.

As for the previous one, it has achieved a series of sharp declines, and the adjustment is very drastic, but the market attention and discussion heat are still very high'Big Finance', 'Big Infrastructure', 'Military Industry', 'Film and Television Media', and 'Sub-IPO'...... and other core mainline market sectors in the early stage.

At the moment, after a brief strong rally in early trading.

At this moment, its related industry plates, concept plates, and the disk of its popular stocks have also emerged again with a relatively heavy active selling, and the buying power on the disk has obviously exhausted.

In such a situation......

At 11:12, it once rebounded and rushed higher, and the big demon stock of the 'Blue Stone Heavy Loading' sub-new stock sector from the fall limit to the red plate state fell back to the fall limit at this moment, and continued to kill today's intraday pursuit and scrambling, as well as a large number of short-term capital groups who bought the bottom.

At the same time, the indices of the securities sector, the national defense and military industry, and the Internet finance sector fell.

It's also zooming in at a rapid pace again.

Among them, the securities sector fell by more than 1.5% again during the day, and the index of the Internet financial sector also fell by 2% again.

At 11:13, the intraday turnover of 'CEFC Securities' exceeded 6.5 billion, and it still did not show a significant shrinkage pattern, and the disk trend also turned from red to green, falling underwater again, and the decline of the disk is still in a significant expansion trend with the passage of trading time.

At 11:14, the 'straight flush' check once turned red and rose in the intraday, and the decline in the disk at the moment also reached a position of 3%, continuing to show a weak and falling pattern, and also buried all the short-term capital groups of today's intraday bottom-buying stock.

At 11:15, the Shanghai Composite Index returned to the position of the morning opening in the midst of the rise and fall, completely subject to 3600 points, so that the market's long sentiment suffered a certain degree of heavy setbacks again.

At 11:16, the 'bank' sector, which once led the rise in the two cities and squeezed into the top five of the industry sector gains list in the two cities, is also volatile and falling at the moment, and the disk gains have been completely wiped out, and the plate index has returned a flat position, and the disk selling power is also still under the recession of long sentiment, increasing rapidly.

At 11:17, affected by the intraday fall limit of 'Blue Stone Heavy Loading' again.

The 'national defense and military' industry sector index fell to a decline of 2.35%, making this large industry sector once again the leading industry sector in the two cities.

And, in the field of plates.

Previously, it was greatly affected by the trend of the 'Blue Stone Reload' check, and there are some concept stocks that strongly follow the trend of the 'Blue Stone Reload' check.

Stocks such as 'China Airlines Heavy Machinery, Hongdu Aviation, Aerospace Development, Fushun Special Steel ......'.

At this moment, they are also falling sharply.

Among them, such as 'China Airlines Heavy Machinery', a popular stock in the military sector, wiped out all the gains in the morning in just a few minutes, and killed the decline of the disk to a position of 3%, which caused the unanimous selling pressure of the entire 'national defense and military' sector.

At 11:18, affected by the trend of the two major industry sectors of 'big finance' and 'military industry'.

Originally, there were still some disk money-making effects of the two main lines of "big infrastructure" and "film and television media", but also began a relatively rapid downward correction trend, among them, the main line of "big infrastructure" in the field of "building decoration, building materials, commercial real estate development" several major industry sectors, suffered heavy losses.

In particular, the 'commercial real estate development' industry sector.

However, in just a few minutes, several real estate stocks that have been concerned by the 'Yuhang Department', such as 'Kumho Group, China Fortune, Gemdale Group ......' and other stocks, have all encountered great concentrated selling pressure on the disk, and the stocks have not only wiped out the gains on the disk, but also fallen underwater.

At 11:19, when the intraday turnover of 'CEFC Securities' reached close to the 7 billion mark, the decline in the disk reached 2.11%.

At 11:20, a number of popular stocks in the securities sector, such as 'Western Securities, Harbin Investment Capital, and Xiangcai Securities ......', which led the 'securities' sector to overshoot and rebound in the early trading stage, also turned green across the board, showing a situation of selling and comprehensively suppressing buying.

At 11:21, following the 'Blue Stone Reloading' fell again.

It has a strong correlation with the trend of "Blue Stone Heavy Loading", and is also known as the second big demon stock at the end of the market.

The two core hot stocks in the 'sub-IPO' sector fell to the limit.

It has also directly had a very bad impact on the market trend of the main line of the concept of 'sub-new stocks'.

Under such a very bad influence.

From this moment on, many near-end new stocks began to weaken, and there were several, all of which followed the trend of 'Bluestone Heavy Loading' and 'Huake Sugon', and walked out of the downward limit trend with a more serious money-losing effect.

At 11:22, in the midst of the sharp turn in the market, the Shanghai Composite Index turned green.

At 11:23, the main line of 'big finance', banking, insurance, securities, and Internet finance sectors, all realized the downward trend.

At 11:24, the intraday decline of the 'Internet finance' sector reached the 3% mark.

At the same time, the 'Straight Flush', which was once hyped by the main capital groups and major short-term capital groups in the middle of last month, has risen by 5 times, and at this moment, its disk decline has also expanded to the 5% mark.

And with the 'straight flush' disc fell sharply.

The related "Oriental Wealth, Great Wisdom, Huake Jincai, Sunline Technology, Yinjie Technology, Hengsheng Electronics ......" and other popular stocks in the sector also followed the sharp fall.

Among them, the check of 'Huake Jincai' is even more affected by the check of 'Huake Sugon'.

plummeted directly, and the disk fell to 6% in one go, showing a downward trend pattern.

At 11:25, the weak trend of the 'Internet finance' sector quickly spread to the entire 'mobile Internet' main line.

So, for a while.

'Domestic software', 'network security', 'mobile payment', 'smart city'...... and other related to the concept of the theme plate, which has been greatly affected.

Among them, there are two major sector indices of 'cybersecurity' and 'mobile payment'.

The intraday decline reached about 2.5%, catching up with the decline of the 'Internet Finance' sector index.

At 11:26, after the half-day turnover exceeded the 7 billion mark, 'CEFC Securities' finally began to stabilize within a decline of 2% to 3%, and no longer continued in the market.

At the same time, the Shanghai Composite Index fell below 3,600 points and had no hope of gaining a foothold at 3,600 points.

After more than ten or twenty minutes of market killing and concentrated selling, it once again hit the 3580 point level.

And also at this moment.

In the early stage, the short-term capital groups from all walks of life, jointly hyped the 'New Era Road, Maritime Silk Road' macroeconomic strategic planning leader 'Yingkou Port', also under the continuous selling of the sky, in a straight line to kill the form of the trend, quickly touched the position of the fall limit, and continued to show an extremely weak and extremely tragic loss effect.

Affected by the drop limit of the check of 'Yingkou Port'.

At 11:27, the main theme of the concept of "On the Road of the New Era, the Maritime Silk Road", as well as the so-called "Eurasian Economic Belt", "China-Japan-South Korea Free Trade Zone" and other concepts of integrated development of the surrounding economy, have also suffered heavy setbacks for a while, and the pressure on the disk to sell is increasing, and the active buying power is obviously further exhausted.

At 11:28, the flash crash of 'Shanghai Sanmao', the core concept of 'Shanghai Free Trade Zone', also unsurprisingly appeared in the comprehensive pullback of the entire 'big infrastructure' main line.

At 11:29, the Shanghai Composite Index continued to fall below 3570 points, and the entire market fell further.

Finally, when 11:30 arrived, the two markets ushered in the moment of midday closing.

I saw that the Shanghai Composite Index almost fell by 1% in the case of all the intraday gains, and the slightly stronger Shenzhen Index and the ChiNext Index, under the weak form trend of the Shanghai Index, were not able to get out of the relatively independent market trend, driving the Shanghai Composite Index to rebound strongly.

Even the relatively strong 'big consumption', 'mobile Internet', 'smart phone industry chain', 'medicine', etc., have not been so big in the hot main line in recent days, and they have not been able to drive several core indices in the market out of the trough period of continuous adjustment.

As for getting much attention.

At the same time, it has also become the market trend, and the biggest drag on the "big finance", "big infrastructure", "military industry", "film and television media", "new stocks" and other popular main areas in the early stage.

These core main lines, after a brief rebound, once again formed a comprehensive downward trend.

And such a trend pattern.

Undoubtedly, the performance of the market's bullish sentiment is another huge lethality.

Among them, the core sectors of securities, Internet finance, and national defense and military industry are still the main areas with the most rapid decline and the most tragic trend in the entire market.

"Alas, it feels like this market is really hopeless." Seeing the noon closing situation of the two cities, at this moment, inside Yanjing Chenghua Public Fund Company, in the main fund product trading room, Gong Tiancheng, as a fund manager, sighed helplessly and said, "Every time I think of the rebound, it is the starting point of the killing, look at this, the Shanghai Index will be for a while, it is difficult to stop, and the support position of the two markets is very likely to be below 3500 points." ”

Hearing Gong Tiancheng's words, Zhou Qiang, the assistant fund manager of the company's main fund products, also sighed helplessly when he saw the leader of the trading team, and said: "Obviously, the Shanghai Index is definitely not adjusted in place at present, and the position of 3500 points, whether it can be held up, can really be said, I can only say that the only thing I am glad about is ...... The two markets, and their corresponding core main lines, have fallen so badly, and there has been no too extreme panic selling. (End of chapter)