Chapter 366 Buying and Selling Points!
"Open low, make up for the fall!" Seeing the initial call auction situation in the market, Li Meng, who was staring at the market in the trading room of Yuhang and Yuhang Investment, also showed an obvious look of surprise in his eyes, "Under the stimulation of the good news, the mood It’s really unexpected that it’s so weak.”
"It's not surprising." Su Yu stared at the market conditions on the big screen in the trading room and said, "The external market has fallen sharply for two consecutive days, which has sent a very bad signal. In addition, the market fluctuated violently yesterday, and it has never been able to reach 2200 points. "
“As for the two main lines of ‘state-owned enterprise reform’ and ‘infrastructure construction’, they were suddenly weaker than the market.”
"This is also the reason why the accumulated short-term profits in these two major fields are obviously more than those in other conceptual fields in the two cities. At the moment when the overall market sentiment is low and the chips are loose, the differentiation form of these two major fields and the situation of fund selling will naturally It will also be larger than other conceptual fields.”
"but……"
Su Yu paused for a while and continued: "As I said before, there is no need to be pessimistic."
“The trend of U.S. stocks can affect the opening sentiment of A-shares, but it cannot affect the emotional trend of the stock market throughout the day, as well as the main capital activities. Furthermore, U.S. stocks fluctuate and adjust from high levels, while A-shares start from the lowest position, with extreme valuations. The value is low and upward, and there is an essential difference between the two in terms of overall trend shape.”
"In terms of macro, the domestic economic structure and growth momentum are far stronger than those in the United States."
"So, no matter which aspect you analyze, there is no reason to be pessimistic."
"Also, the two main lines of 'infrastructure' and 'state-owned enterprise reform' will take advantage of this wave of panic in the periphery to make differentiated adjustments. On the contrary... if this wave of adjustments is sufficient, market sentiment will pick up in the future. , the height space that comes out will exceed expectations.”
"In this case, is it a good thing for the main line market to open lower and make up for the decline?" Li Meng didn't quite understand and asked in confusion.
Su Yu nodded and said: "Everyone knows that the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is hard, there are expectations, and there is room for imagination. So the main funds that entered the market in the past few days have been holding on to it. , there is no bargaining chip at all, so do you think these two main lines of market can make room for it under this situation? "
"Any mainline market trend will not go far without the continuous exchange of chips."
"There are too many people riding sedans in the venue. People outside the venue can't lift them, so they naturally won't lift them. This principle of speculation is applicable whether it is short-term emotional speculation or long-term trend speculation."
"Where there are differences, there will be market trends."
“Often the divergences in the market are where market trends occur.”
"Because the differences mean that the exchange of chips is sufficient, it means that new synergy in the market is brewing and forming."
"Looking at the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', after continuous sharp rises in recent days, short-term profit orders have been piled up heavily on the market. These profit orders are not at the turbulent divergence of the market. Such a heavy sedan cannot be lifted by the incremental funds that are constantly following up outside the market. And even if it can continue to be lifted for the time being, the space for a forced upward attack will be greatly reduced. "
"Today, the external market has plummeted, and the mood on the market has once again been depressed due to the superposition of various factors."
"Short sentiment has once again suppressed the market."
“Under such a situation, some of the funds on the market that have already made profits, considering the possible decline or even the risk of a collapse in the market, will have a stronger desire to take profits and stop losses than those investors who have not gone too deep and have to cut their positions and stop their losses. After all, under the shadow of the bear market atmosphere and the flaws of human nature, there are often no profitable chips to hold on to. "
"Originally, I was still thinking..."
"If the opening sentiment continues to surge in today's market, and the market chips on the two main lines of 'state-owned enterprise reform' and 'infrastructure construction' cannot be washed away, we can appropriate a small part of the chips to suppress market sentiment and act as short bait. Now Come on...it’s no longer needed.”
When Li Meng heard Su Yu's words, he looked at him in surprise and said, "So, today's trend is taking advantage of your wishes?"
Su Yu laughed softly and replied, "You can say that!"
While the two were talking, the market trading time had moved to 9:18.
After three minutes of initial collective bidding, I saw that in the two main conceptual areas of 'infrastructure' and 'state-owned enterprise reform', the selling of related popular stocks became more and more heavy, and the stock price performance became lower and lower, and even...core hot stocks Among the stocks, Beixin Road and Bridge, which is regarded as the conceptual leader of the two cities by the majority of investors in the market, with the support of Su Yu's "Fusheng Road" seat, the premium has increased from 8% at 9:15 to 3 in a flash. % increase, and continues to fall as time goes by.
As for other popular stocks with core concepts such as Shibei High-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development, and Kumho Group, which hit the daily limit yesterday.
The premium at this moment is almost nonexistent.
Among them, China Fortune Land Development and Kumho Group have turned green, and their stock prices have gradually fallen into deep water.
"But looking at the market trends of these two main lines, it is indeed a bit scary." Li Meng continued to keep his eyes on the market trends of the two cities.
Su Yu responded: "It's not scary. How can it attract selling from all sides and generate a large number of changes of hands?"
"Master, yesterday's opening was the highest point of market sentiment throughout the day. Today's opening is probably the lowest point of market sentiment throughout the day, right?" Liu Yuan, who was also staring at the market seriously, continued, "You said that the market's buying and selling points They often coincide with emotional nodes, which means today’s opening should be the day’s buying point, right?”
"It's hard to tell whether it's the lowest emotional point of the day, but it's certainly close to the low point." Su Yu responded to Liu Yuan, "If you want to buy a small position at the opening and do T, there should be nothing wrong."
"Hey, Mr. Su..." While Su Yu was responding to Liu Yuan, Zhao Lijun suddenly interjected, "Although today's 'state-owned enterprise reform' and 'infrastructure' fields have generally seen a correction, what happened in late yesterday's trading was what you call low-level compensation. Those fringe junk concept stocks that have been rising based on the concepts of "state-owned enterprise reform" and "infrastructure" have performed well. Two or three stocks have opened sharply higher, and there is a lot of money on the market."
"No one paid attention to these tickets before. In addition, the position is very low, and there is no internal profit margin to suppress the market. All the popular leading tickets have corrected, and the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' has not been broken. "Down." Su Yu said, "It's not surprising that hot money has concentrated its efforts here to switch between high and low."
Although the external market plummeted, leading to a return to sluggish internal sentiment, and the market opened sharply lower, which was somewhat beyond his expectation, the overall changes in the market, and even the changes in the market's main funds during the call auction stage at the beginning of the day, The flow and attack position were similar to what he expected.
"China Railway and MCC have opened as low as 3 points." Seeing that the call auction time was approaching 9:20, Li Meng frowned and asked, "Do we need a helping hand? It feels like it's falling like this. After yesterday’s sharp market shock, many long investment sentiments have been weakened, and there are signs of a complete collapse!”
Su Yu shook his head and said: "No, there are more smart funds in the market than we thought. We didn't get chips at low positions before, and there are more over-the-counter funds than we thought. We were able to make hundreds of billions yesterday." The market turnover proves that the market’s ability to undertake is much stronger than we thought.”
"Be a T with a small position, just watch the show carefully!"
"The Shanghai Stock Index's narrow shock range from 2140 points to 2180 points will not be broken."
As he spoke, the time quickly passed 9:20, and the two cities entered the real collective bidding stage where orders cannot be canceled.
After a large number of order withdrawals at the last minute, the sluggish state of the two cities was better than the call auction state of the previous five minutes. Although the number of low-opening stocks still remained at around 75%, there were already conceptual sectors Red plate has a money-making effect.
Of course, the two main core concepts of 'infrastructure' and 'state-owned enterprise reform', which have been weak since 9:15, are still weak at this moment.
The major sector indexes of building decoration, building materials, steel, and real estate all opened lower, reaching more than 1.5%. Among them, the steel sector was the weakest, with a decline of 1.83%, while the 'state-owned enterprise reform' concept sector index also fell by 1.83% at this moment. It opened lower by 1.43%, and about 90% of the stocks in the sector opened lower.
Immediately afterwards, as the collective bidding time of the two cities passed.
The overall pattern of the two cities, and even the performance of industry sectors and concept sectors, have begun to stabilize. The number of selling orders and the number of buying orders have increased simultaneously. The long and short forces seem to have reached a balance after the market opened sharply lower. Panic selling Emotions no longer continue to spread.
"It doesn't feel... that bad!"
Seeing that the market call auction situation was gradually stabilizing, at 9:22, in the fund trading room of Zexi Investment in Shanghai, Zhou Kan exhaled a long breath and said calmly: "I thought it would open at least 2 points lower, but I didn't expect it. ...Better than expected!”
"It's indeed better than expected!" Xu Xiang nodded slightly, "It seems that the market is indeed not easy to fall at this position."
"However, today's sentiment on the two core market lines of 'infrastructure' and 'state-owned enterprise reform' is not very good." Zhou Kan continued, "I am afraid that these two main lines will have a sharp correction today."
Xu Xiang smiled softly and said, "It's a good buy!"
"Buy some?" Zhou Kan asked in surprise.
Xu Xiang nodded and continued: "If you look at the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform,' the vast majority of popular stocks opened lower, are they the same as the lows of yesterday's huge intraday fluctuations?" The location is similar?”
Zhou Kan clicked on the K-line trend of a number of core popular stocks on the main line of "infrastructure" and "state-owned enterprise reform" such as China Railway, China Metallurgical, Huagong International, China Communications Construction, China South Locomotive, China North Railway, and Pudong Construction. After taking a look, I found that today's call auctions for these stocks opened at a low range, which coincided with the low point of yesterday's intraday earthquake. I couldn't help but be very surprised and asked: "What does the boss mean...are these stocks still unable to fall?" "
"Obviously, the low-level takeover power of these tickets is very strong." Xu Xiang said, "There are countless people on and off-site who want to attract low-level funds for these two main lines, and there are more people who want to buy low-level tickets. There are obviously not enough people who want to sell, so it will be difficult for the stock price to fall significantly.”
"In addition, the emotional impact of the external market is short-lived."
"The Shanghai Composite Index rebounded from a low position with a series of long positive lines, which has established the trend and expectation of rebound. At the same time, it has also created enough market trading volume in the past few days, activating the market investment sentiment and money-making effect. Such a situation can't be suppressed by a short-term emotional influence of the foreign market?"
"Each financial trading market has its own trend and trend."
"Although the global financial market is linked, it does not rise and fall in unison."
"A shares have just experienced extreme emotions and hit the bottom of the market. Now that the rebound trend is formed, it will not suddenly reverse again."
"So, I said that today's emotional low point is a good buying point, not a selling point."
"Then we..." Zhou Kan heard Xu Xiang's words, paused, and continued, "Following the two main lines of 'infrastructure' and 'state-owned enterprise reform', continue to increase positions?"
Xu Xiang nodded with a smile and said, "Yes, continue to increase positions!"
"Okay!" Zhou Kan felt that his trading thinking was still a little behind Xu Xiang, but this did not affect his resolute execution of Xu Xiang's instructions.
So, after he responded,
The next moment, he turned sideways to the traders behind him and issued an order to continue buying relevant target stocks.
And as Zexi Investment increased its holdings...
The reaction on the market was that when the call auction time exceeded 9:23, the active buying on the market for the relevant hot stocks and core stocks in the fields of "infrastructure" and "state-owned enterprise reform" that opened sharply lower began to increase rapidly, and the low opening range also decreased rapidly.
Finally, when 9:25 came, the call auction of the two markets ended.
Compared with the time of 9:20, the core industry sectors of "infrastructure" such as building decoration, building materials, steel, and real estate, as well as the concept sector of "state-owned enterprise reform", recovered almost one-third of the decline, and the relevant indexes returned to the decline range of 1% to 1.2%.
As for the hot stocks and core stocks in the two major fields.
The low opening range was mostly between 1% and 2%, not lower than the lowest point of the lower shadow line on the K-line pattern yesterday.
And as the only stock that hit three consecutive highs in the two markets, Beixin Road Bridge.
It also rose sharply in the last minute of the call auction, and finally opened 4.75% higher, with a turnover of more than 8 million, maintaining a strong state.
In addition to the two core themes of "infrastructure" and "state-owned enterprise reform" that have attracted much attention from market investors.
Other industry sectors and concept sectors in the two markets also recovered a lot of low opening losses in the last two minutes of the call auction. The final low opening range was mostly distributed between 0.5% and 1.3%. Of course, among these sectors, the consumption and pharmaceutical sectors rarely appeared in the red market.
Under the influence of all these industry sectors and concept sectors.
The major market indexes that everyone thought would open sharply lower also maintained a relatively stable posture accordingly, and the low opening range was within 1 point.
Among them, the Shanghai Composite Index opened 0.79% lower, reporting at 2158.16 points.
Shenzhen Index and ChiNext Index opened lower by 0.81% and 0.86% respectively, and all the major indexes swallowed up yesterday's gains.
Faced with such an opening situation, the majority of investors in the market were surprised, disappointed, and panicked... Long and short sentiments were still intertwined, and short sentiment still clearly dominated.
"Alas, it still opened so much lower, speechless!"
During the short suspension time when the market was moving towards the formal trading stage, an investor complained in the discussion area of the stock trading platform.
"Although it opened nearly 1 point lower, it is much better than the 4-point plunge in the US stock market last night. A-shares are weak to begin with, and it is not required that the A-shares can move independently. It is a victory to be able to stabilize at this position today."
"The key is not the low opening of the index, but the two main lines of "infrastructure" and "state-owned enterprise reform", which clearly show some signs of collapse!"
"Indeed, today's performance of the two core market lines of "infrastructure" and "state-owned enterprise reform" in the call auction was far below expectations. Damn... These two core lines had a lot of positive stimuli last night, but they opened like this today."
"From the entire call auction, the main funds of these two core lines clearly showed signs of retreat."
"It has risen sharply for three consecutive days, and they are not allowed to adjust? These two main line concepts have fallen today, I It feels normal, and... to be honest, it didn't fall much, right? "
"It's not a question of whether it fell much, but... these two main lines have underperformed the Shanghai Index and the market for the first time in recent days. In a weak market, such performance should arouse vigilance. "
"I also feel something is wrong. I have sold half of my position in the call auction. I always went on a roller coaster before. This time I finally caught a market, and I can't go on a roller coaster again. But I feel that the market of these two main lines has not been completed. If it falls back to a low level, I will take back the half of the chips I sold. "
"I also sold half of my position in Beixin Road Bridge. This check was so strong before the three consecutive boards, and today's call auction almost opened lower. This is still under the blessing of Mr. Su's "Fusheng Road" seat. I feel... This check will also be adjusted, and wait for it to fall to make a second wave of market. "
"Beixin Road Bridge is OK, Shibei Hi-Tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development... These stocks that closed at the daily limit yesterday have a weird trend today. Under the support of favorable factors, there is no premium at all, and they opened lower. Why not sell them? I can see that today's market conditions are definitely not on the two main lines of "infrastructure" and "state-owned enterprise reform". These two main lines should be adjusted."
"The pharmaceutical and consumer call auctions are quite strong."
"As for the safe-haven sector, once the market expectations are bad, pharmaceuticals and consumption will appear slightly strong."
"This also indirectly shows that the main market funds are not optimistic about today's market trend?"
"I feel that the Shanghai Composite Index will really step on the support of 2,000 points to confirm the bottom of the market again, and the external trend is not good. The US stock market has a bit of a high-level guillotine. At this time, it is always good to be cautious."
"Today's market, if there are profits, you can sell them If you buy at a lower level, there is no need to move if you are stuck. "
"Hey, I hope the market can stabilize. It's hard to get back a bit of blood, but you can't give it back again!"
"It doesn't feel that bad, right? In the last 2 minutes of the call auction, there are obvious signs of major funds scrambling for shares. Maybe... the market will reverse again today."
"Let's see how Beixin Road and Bridge will perform next. This check is the highest target in the market. If it can create space again, there may be hope for a market reversal."
"The two main lines of "infrastructure" and "state-owned enterprise reform" have obvious differences between long and short today. It is extremely difficult for Beixin Road and Bridge to hit the fourth board height, but... it is not impossible. As long as General Su's "Fusheng Road" increases its position again, I believe other major funds will follow. "
In the fierce discussion between long and short...
The short suspension time of 5 minutes passed in a flash. At 9:30, the two markets ushered in the official trading session.
The stagnant markets of the two cities just began to move. After 5 minutes of brewing, the market began to change rapidly. Among them, the stock of "Beixin Road Bridge", which was the focus of market attention, burst out with five consecutive large buy orders of 10,000 shares within one minute, which directly pushed the stock price up to around 8%. Investors who were pessimistic about this stock and rushed to sell in the call auction were stunned.