Chapter 385: Choices of All Parties Under Divergent Market Conditions!

Then, driven by many popular stocks.

Within a few minutes, the Shanghai Stock Index continued to rise, breaking through the 2260 point mark again, and refreshed the intraday high to 2264.49 points, with an increase of 2.01%.

However, after the rapid increase, when the bullish sentiment accumulated at noon was exhausted and the volume was temporarily increased, the index slowly fell back from the high point. In only about ten minutes, it fell back to the position at the noon closing. At the same time... After the rapid explosion of the market's time-sharing capacity, it also began to gradually decline, and there was a trace of the market's ability to take on volume being unable to keep up.

“I feel like the bullish power in the market is still short of breath!”

Seeing that the time-sharing capacity exploded rapidly in the afternoon, it began to gradually decline again. At this moment, in the Shenzhen Stock Exchange, inside the Xiniu Fund Company, in the fund trading room, the fund trading team leader Mou Zhengxing frowned slightly and said: "Manager, look like this ...The index has to rise and fall again!”

"Well!" Fang Xinsheng, who was staring closely at the big screen in the trading room next to Mou Zhengxing, nodded slightly, "The market volume in the morning was too high, and it is normal for the market volume to be unable to keep up in the afternoon. After all, it takes time to follow up on confidence and emotion. Fermentation, the expansion of off-site incremental funds also takes time to increase slowly, and it cannot be achieved in one step. Under such a situation... it is normal for the index to rise and fall after the concentrated burst of energy. "

"Then we... need to temporarily cut off some of our chips?" After hearing Fang Xinsheng's words, General Manager Liu Xin hurriedly answered, "How about... we cut off some of our chips first? In this wave, we are in 'infrastructure', 'state-owned enterprises' On these two core lines of reform, we have made a lot of money.”

Under Fang Xinsheng's management, Xinniu Fund's main product, Manniu No. 1 Fund, can be said to have followed up heavily when the two core market lines of 'infrastructure' and 'state-owned enterprise reform' were just launched. , so far... Although the profit margin is not as good as the 'Yuhang No. 1' and 'Yuhang No. 2' funds managed by Su Yu, it has still made 20 to 30%, exceeding 99% of the market. investor group.

Now, Jianfang Xinsheng means that the index has a high probability of rising and falling.

Moreover, Liu Xin observed through the market that a large number of popular stocks on the main lines of 'infrastructure' and 'state-owned enterprise reform' that they had heavily invested in were indeed experiencing heavy volume and sluggish growth today, and he immediately thought of cutting profits.

After all, the floating profit in the account is just a number if it cannot be converted into actual profits.

What's more, he doesn't think that the market here can really start a large-scale bull market.

Therefore, since the market still cannot get rid of the volatile market pattern, the short-term profit margin of 20 to 30% is really satisfying to him.

Fang Xinsheng glanced at Liu Xin, was silent for a while, and said: "Mr. Liu, although there is pressure in this position of the market, there is no big risk. The market today has a strong sense of hierarchy. It is too big, and there is such a hidden danger, but the overall market's long sentiment, the overall money-making effect, etc. are still very strong. I estimate... the index will not fall back very much, and even if it is adjusted, it will remain Relatively strong high-level shock situation.”

"And after this violent shock has been adjusted..."

"If the two main lines of 'infrastructure' and 'state-owned enterprise reform' continue to develop, they can develop further."

"As the market's bullish sentiment further increases, and the overall money-making effect of the market further increases, then the rate at which incremental over-the-counter funds flow into the market will certainly gradually accelerate, and when incremental over-the-counter funds flow into the market, the If the speed gradually accelerates, the buying and selling situation on the market will naturally reverse quickly, resulting in further upward breakthroughs in the market and index. "

"I can feel it..."

Fang Xinsheng paused and then continued: "The main rising prices of the two core main lines of 'infrastructure' and 'state-owned enterprise reform' have not yet arrived. We are reducing our positions and taking profits at this time. Many people have picked up sesame seeds and lost watermelons." Meaning, it's a bit too early, and... we currently have the cost advantage of holding positions. Even if the subsequent market does not develop in the direction we expect, then when the index falls below the 2200 point support again, we will exit the position to take profits. , it is completely time to change the investment strategy.”

"Yes, I agree!" Mou Zhengxing responded, "I agree with what Manager Fang said. I also think that the two core themes of 'infrastructure' and 'state-owned enterprise reform' are not selling points at the current position."

Liu Xin thought about it and felt that what Fang Xinsheng said made sense. He was silent for a moment, nodded slightly and said, "Okay, since you both feel so, let's take a look."

Although he is ambitious about the performance of the company's fund products, he is not very ambitious.

In addition, he knew that he was far inferior to Fang Xinsheng in terms of market analysis, investment decision-making, and ability to judge buying and selling points, so... usually, when his opinions conflicted with Fang Xinsheng's, he could still listen to Fang Xinsheng. suggestions and give the other party sufficient autonomy to make decisions.

"But..." Mou Zhengxing paused, and then said, "Manager, today, the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', as well as the leading popular stocks, have almost all begun to increase in volume and stagnate, and the market performance is far inferior to many low-end margins. What’s going on with concept stocks? I always feel that the direction of active funds in the market is a bit chaotic today.”

Fang Xinsheng saw that Mou Zhengxing was confused, smiled and said, "What's wrong? It's just that the hot stocks in the early stage have touched the relatively heavy pressure plate position above, and the active funds in the market have temporarily chosen to switch between high and low in the sector. Overall, the market is still developing around the two core themes of "infrastructure" and "state-owned enterprise reform", and the main line market is fermenting more deeply, and the support is more solid."

"If there are no accidents..."

"Wait until the high and low switching in the sector is completed, the low-level concept stocks in the two main themes of "infrastructure" and "state-owned enterprise reform" will make up for the rise and keep up with the height of this wave of Shanghai Composite Index rebounding from the bottom, and the most active part of the funds in the market will return to the leading hot stocks in the early stage."

"And in the early stage A number of leading hot stocks, in this high-low switching, have experienced stagflation and violent fluctuations. "

"It will also complete the exchange of chips on the entire board in disguise and reorganize the internal chip structure. "

"When the exchange of chips of these core hot stocks is completed, the adjustment of the internal chip structure is completed, and the active funds that will flow back at that time are added. "

"Then the main rising market that I expected can be fully expected. "

"I guess that will be the real harvest moment in this round of investment. "

"Therefore, temporary market adjustments and temporary market differences are not bad things. Only big differences can produce relatively large market conditions. "

"I understand!" Mou Zhengxing heard Fang Xinsheng's analysis, and his heart moved, and he had completely understood it.

Fang Xinsheng saw that the confusion in his eyes had slightly dissipated, and he could not help but nod with relief, and then immediately turned his eyes back to the two markets that were trading.

After their brief communication...

The market trading time has spanned to 1:24.

The trend of the index rising and falling has also been very obvious under the gradual decline of intraday volume. Among them, the Shanghai Composite Index has fallen back to around 2250 points during this period, and the Shenzhen Composite Index and the ChiNext Index have fallen below the 1% increase.

As for the opening of the afternoon.

Many popular stocks in the two main lines of "infrastructure" and "state-owned enterprise reform" have risen rapidly.

At this moment, they have all left an extremely high-volume peak trend on their respective intraday trading charts, which is likely to be a peak in stock prices.

"Oh my god, what's going on? I'm trapped as soon as I chase it?"

Seeing many popular stocks retreating and falling, the retail investors in the market who had just chased in at the opening felt a sudden tightening of their hearts and felt a little uneasy.

"Is the main force just eyeing my few chips? It falls when I buy, and rises when I sell!"

"Fuck, the retracement is so fast, hey... I really shouldn't chase high, as expected, the market performance should not be overestimated."

"I'm speechless, why can't it break through the 2260 point mark?"

"The previous trend was so strong, why is it so weak now?"

"Isn't it funny? It's stuck at the highest point of the session again!"

"Will the index fall back to the position at the beginning of the session? That would be miserable for me!"

"Will the Shanghai Composite Index go back to the support position of 2200 points? I feel that this trend... is a bit bad! The buying in the market is suppressed by the selling again."

"Hey, I shouldn't have too high expectations!"

"There are still big differences. It seems that the Shanghai Composite Index cannot exceed a 2% increase today."

"I hope Beixin Road Bridge can stabilize and close at the daily limit until the closing. Don't let it explode. Otherwise... I'm afraid the market trend will be even uglier in the next hour of trading."

"What's going on? How come the index suddenly fell back after such a large volume in the early afternoon trading?"

"It's because the volume was too large, and there wasn't so much incremental funds to take over the market at a high level later, so the index plunged and fell, okay?"

"Looking at the intraday volume trend on the market, it seems to be true!"

"Don't panic. This kind of adjustment won't fall much. It will definitely close in the red today."

"Jump, jump again , so I can continue to increase my position. I don't believe it. Mr. Su has 10 billion chips in the market. Will this market rebound end here? "

"The rebound should not end yet, but at this position, it is estimated that it will fluctuate for a while."

"Let's stop profit at half of the position first. I feel that the index will fall back to 2200 points. At that time... when it falls back, it will be the real buying point for increasing positions. It feels a bit too early to follow up and increase positions now."

"Hey, it feels that the index is between 2250 and 2240 points. There is a lot of support. It won't fall again!"

"But the intraday volume is still declining."

"As long as Beixin Road Bridge can stabilize, there should be no big problem."

"The turnover of the two markets has exceeded 95 billion! It feels like today The trading volume of the two markets will hit a new high this year. "

"Stagflation with high volume should be the characteristics of a short-term top, right? Forget it... I have already made a profit of nearly 13%. I will reduce my position here first. The profit in my hand is the real profit."

"It depends on the situation. I always feel that this should not be the top."

"More than 2,200 points, I really don't know what you are afraid of? It's not 3,000 points!"

"People who are afraid of heights are miserable. I'm saying this... After a short adjustment, the index will definitely hit a new rebound high, and the market trends of the two core main lines of the market, "infrastructure" and "state-owned enterprise reform", will definitely not end."

"Let's hope so! I'm the highest today, and I can't sell it at this moment. "

"I hope that Mr. Su will still lock his position on the Dragon and Tiger List after the market today. Confidence... At this time, the market needs enough confidence to continue to rise."

In the huge divergent discussions among many retail investors...

In the interweaving of emotions of anxiety, hesitation, tension and expectation among many investors.

At this moment in Shanghai, inside Yinghui Fund, in the internal trading room of the 'Yinghui No. 1' fund product, fund manager Liu Guanhai looked at the violent fluctuations in the market, frowned, and said anxiously: "Damn, it's not so unlucky, right? Just after a large adjustment of positions to follow up on the two main lines of 'infrastructure' and 'state-owned enterprise reform', the market in these two main lines has reached the top?"

Today, the market volume has exploded, but the main line market has shown obvious stagflation.

This made his originally confident heart suddenly become ups and downs.

After all, he remembered that the funds of the Yuhang system in the market had a heavy position of 10 billion chips in these two main areas. If the other party stopped profit here and sold off on a large scale, then he would become a sucker for buying on a large scale at this time.

"Shouldn't it be?" After thinking about it, his brows frowned even deeper.

"Boss Liu, should we continue to increase our positions?" Seeing Liu Guanhai's hesitation, trading team leader Yu Lei couldn't help asking.

Liu Guanhai paced back and forth in the trading room, pondered for about ten seconds, and then answered: "Xiao Yu, what do you think? Today's market volume stagnation, will it be a risk signal?"

Yu Lei thought about it and replied: "I don't think so. Overall, the upward trend of the Shanghai Composite Index has not changed, and all moving averages have just turned upward. Whether technically, or in terms of capital and sentiment, they all support the continued rebound of the market. There should be room for upward movement!"

"But..."

Yu Lei paused and said: "Today, the two core market themes of 'infrastructure' and 'state-owned enterprise reform', many hot stocks in the early stage, especially the stocks held by the 'Yuhang system' on a large scale, have indeed shown obvious signs of volume stagnation, which feels a bit abnormal."

"According to the overall holding scale of the 'Yuhang system' funds on these two main lines, as well as the holding costs."

"If 'Yuhang Investment If Mr. Su, who is the CEO of 'Investment', chooses to reduce his position and stop profit here, then the risk of suppressing the continuous upward trend of the two main lines cannot be ignored. At the same time, Mr. Su's 'Wealth Road' seat has a great impact on the sentiment of retail investors in the market. If the other party's seat appears on the Dragon and Tiger List Selling List, the consequences are indeed difficult to predict. "

"In short, from the analysis of the market, there is a high probability that the two main lines of 'Infrastructure' and 'SOE Reform' still have room for market movement."

"It's just that potential risk points also exist."

"Okay!" After listening to Yu Lei's analysis, Liu Guanhai's worries not only did not subside, but became more intense. He waved his hand and said, "Then stop increasing positions first and see..."

Yu Lei saw that Liu Guanhai gave up the originally planned trading strategy, and was slightly disappointed. He was silent for several seconds before nodding his head and giving instructions to the traders.

At the same time, in the trading room on the other side of the same company

Shao Xiaoyun, who was in charge of the 'Yinghui No. 2' fund, stared at the ever-changing market conditions in the two markets, pondered for a while, and felt the approach of the risk point. He had a strong desire to reduce his positions and take profits, and turned around without hesitation to give his traders orders to sell.