Chapter 567 The Journey of the Bull Market (XII)!

However, just when everyone thought that the Shanghai Stock Exchange Index would go all out and continue to hit the 2,400-point mark, further opening up room for the market to rise.

After market trading hours enter 11 o'clock.

The entire main line areas of 'infrastructure' and 'military industry' have begun to experience heavy volume, sluggish growth, and a trend of shock and decline.

Among them, the disk shape of the stock 'Beijiang Communications Construction' was very obvious. The check gradually fluctuated and fell from the highest position in the day, close to the daily limit. By the time the market closed at noon, it actually fell back to 5%. The increase mark has completely lost its previous strong state.

Finally, when the market closes at noon.

The Shanghai Stock Index fluctuated and fell back to around 2385 points, while the ChiNext Index narrowed its decline.

In terms of the market performance of the entire market, the core hot spots are still on the main lines of 'military industry' and 'infrastructure'. However, compared with the rapid upward trend in the early trading and before 11 o'clock, the market divergence has increased, and short-term profit selling has increased. The price has increased a lot, causing the entire market to fall into intraday highs and fluctuate sideways.

"It feels like the market is a little weak in the upside!"

After the market closed at noon, the majority of investors in the market looked at the frozen market prices of the two markets and sighed inwardly.

"The attack was so fierce yesterday that it is normal to take a short break today. What's more, today's trends in the Shenzhen Stock Exchange Index, ChiNext Index, and Small and Medium-sized Enterprises Index have obviously slowed down the trend. Although the market is a seesaw effect, the Shenzhen Stock Exchange Index has a seesaw effect. If the Shanghai Stock Exchange Index, ChiNext Index, and Small and Medium Enterprises Index continue to fall, it is impossible for the Shanghai Stock Exchange Index to strengthen significantly independently. "

"The fundamental reason is that the 'Technology Growth' line is too weak. If this line can stabilize sideways, the Shanghai Stock Exchange Index should be able to continue to break through."

"I don't think that the 'technological growth' line, together with the two main lines of 'military industry' and 'infrastructure', is basically a life-and-death situation. If the 'technological growth' line can remain stable sideways, If so, it is impossible for most of the active capital flows in the market to be concentrated in the direction of 'military industry' and 'infrastructure'. If the expectations are inconsistent, it is feared that the market divergence will be even greater, and it will be even more impossible for the Shanghai Stock Index to continue to break through. "

"The fundamental reason is that the short-term profit-taking that gathered yesterday was too heavy, and the main lines of 'military industry' and 'infrastructure' were attacked too quickly in the early trading. As a result, the market's active capital flow concentrated on these two main lines could not continue to concentrate on the market. As a result, many profit-taking selling chips were quickly consumed, which led to the market fluctuations of the two main lines of 'military industry' and 'infrastructure' near midday."

"Indeed, the market pullback near noon should be caused by excessive short-term profit taking."

"Since profits are fleeing, will the market prices of the two core main lines of 'military industry' and 'infrastructure' continue to fall in the afternoon?"

"It should still fall back in the afternoon, right? But the magnitude of the fall should be very limited."

"If the expected goal is mid- to long-term, you don't need to pay attention to this fluctuation range."

"Let me say... it doesn't matter if it shakes out and clears out a wave of short-term profit-taking chips, the chip structure of the entire 'infrastructure' and 'military industry' main line fields will be more stable, and the subsequent continuous rise will also be higher. In other words, shock is not a bad thing, but is conducive to the subsequent evolution of the market.”

"Hehe, as long as the expectations for the two core main lines of 'infrastructure' and 'military industry' are still there, then all shocks and corrections will be good buying points in retrospect."

"The line of 'technological growth' is most likely dead. If you say short-term profits are made, where can it go?"

"I don't know, but what is certain is that... these short-term profit-making funds from the fields of 'infrastructure' and 'military industry' will follow the trend of ' The adjustment of the two main lines of infrastructure and military industry has ended, and I will definitely continue to chase the highs and buy them back.”

"Haha...that makes sense."

"As long as the logic and expectations remain unchanged, then feel free to fluctuate without fear."

"However, after the Shanghai Stock Index broke through 2,300 points, it only made such a small space, and its upward attack was somewhat weak. Moreover, the two core main lines of 'infrastructure' and 'military industry' have basically gathered the active capital groups of the entire market to move upward. Breakthrough, but so far, the results are not very satisfactory. I think... this can also explain some problems, right? For example, the current market capital is still insufficient, and it is completely unable to support the continuous breakthrough of the market! "

"The amount of funds in the market may be insufficient. This is an objective factor. However... I believe that as the money-making effect of the market expands step by step, and as the potential investor groups outside the market continue to enter the market, the amount of funds in the market will increase in the future. Fundamentally changed, and if the ecological structure of energy changes, the upward resistance to the market will be much smaller.”

"I hope! Otherwise...it will be really difficult for the Shanghai Stock Exchange Index to break through the 2,500 points above."

"The last round of strong market rebound stopped at 2,500 points. After this round of substantial adjustments, the accumulated breakthrough power of 'infrastructure' and 'military industry' is obviously greater than the previous round, so... we are optimistic about this round. The Shanghai Stock Index can break through the suppression of 2,500 points and truly open up space upwards.”

"As long as the Shanghai Stock Exchange Index can break through 2,500 points, the market conditions and confidence will really come."

"Yes, many potential investor groups off-market are actually bulls under the right opportunity. As long as the Shanghai Composite Index completely breaks through 2500 points, the investors who are still hesitating off-market will definitely rush to enter the market to do more."

"Haha, it can be expected, it can be expected..."

"As long as Mr. Su's 'Yuhang system' does not sell chips on a large scale at a critical time, and keeps locking positions to do more, the 2500-point mark of the Shanghai Composite Index can be taken down."

"Mr. Su has laid out such a heavy position in the direction of 'military industry' and 'large infrastructure' this time. In the short term, he should not sell it, right?"

"Definitely not, Mr. Su rarely smashes the market."

"Even if it is a smash, Mr. Su will usually give an early warning, so...what are you afraid of?"

"It's not a warning, but it will give everyone a clear profit margin. Usually they will dump the market and exit to take profits. Anyway, following Mr. Su's "Road to Wealth" is always right. "

"Indeed, compared with Mr. Su, institutions are really trash."

"I still remember the offline investment strategy meeting in Shanghai last week. The big institutions were crazy about "technological growth". Alas... Looking back now, it's really a slap in the face!"

"Do you still need to be slapped in the face? Many institutional managers have long lost their face."

"But now these institutions have begun to turn around and sing the main line of "infrastructure" and "military industry" that Mr. Su insists on. Some more radical institutions have even begun to look at the entire blue-chip stocks, talking about the investment main line opportunities of "market value revaluation."

"The concept of "value revaluation" sounds so familiar."

"How can it not be familiar? The institutions shouted several For years, the blue-chip stocks have been hitting new lows, but they suddenly shouted "technological growth" some time ago, which made everyone forget about it temporarily. "

"But the current institutional group does not have many positions in the entire blue-chip direction, right?"

"Yes, according to the annual reports of many stocks, the current institutional holdings in the market are mainly on the "technological growth" line."

"Then aren't they raising their own position building costs by shouting like this?"

"Just shouting nonsense, probably trying to compete with Mr. Su's "Yuhang system" for the right to speak on market forecasts!"

"Damn, could it be that the "technological growth" line has fallen so hard in the past two days, and it is very likely that it was smashed by these institutions that had previously sung the main line of "technological growth"? "

"No doubt, it must be!"

"Hehe, is it Using reverse logic, we can infer that the core blue-chip stocks in the market, such as "infrastructure" and "military industry", have fewer institutional holdings, but the potential for subsequent surges and longer trend continuity? After all, if institutions want to adjust their positions, it cannot be completed in a short period of time. "

"Using reverse thinking, you can also say that. "

"Then there is no need to worry about the temporary adjustment of the two main lines of "infrastructure" and "military industry", right? After all, if many institutions want to adjust their positions, they will rise sooner or later. "

"It still depends on whether the line of "technological growth" will come back to life, right? "

"After the collapse of "LeTV", the underlying investment logic of the line of "technological growth" has been collectively shaken, and the foundation has been shaken. According to the holding logic of various institutions, the line of "technological growth" must be dead and dead, and the possibility of resurrection is not great. "

"Regardless of whether the line of "technological growth" explodes or resurrects, "infrastructure" and "military industry" will be the absolute core lines of the market in the future. ”

“I agree. This is not only because of Mr. Su’s holdings, but also because institutions have no choice if they want to increase their holdings.”

“In fact, in the current market, the more the institutional group holds positions in the overall direction of the main board blue chips, the more the Shanghai Composite Index rises, the more nervous they will be. After all, the more it rises, the more they will miss out!”

“According to this logical analysis, I feel that there will really be a wave of squeezed market conditions that will last for a relatively long time!”

“I hope so. After all, the market conditions in the first half of this year were so tragic. I sincerely hope that the market conditions in the second half of this year can replicate the market trends in the second half of last year.”

“The main landing point of the market in the second half of last year was on the ChiNext Index.”

“This year, looking at the situation, it is likely to be reversed, from the ‘82 split’ to the ‘28 split’ pattern trend.”

“Whether it is ‘28 split’ or ‘82 split’, it is always right to follow Mr. Su’s ‘wealth road’ and the core main line of the market. Even if it is a short-term chase, it is highly likely that it is only in the cost of holding positions, and there is no advantage, so it will not be trapped too deeply. ”

“I agree. In the case of limited market funds, it is safest to follow the core hot spots. ”

“In the stock game market stage, it is not suitable for long-term holding of stocks, let alone bottom fishing. It is indeed the safest to follow the hot spots. The saying "the strong will always be strong" will never be an empty talk in the financial trading market. ”

“It is better to follow Mr. Su's "wealth road" than to follow the hot spots. ”

“I agree. After all, wherever Mr. Su's "wealth road" is, that is where the market's hot spots are gathered. ”

In the extremely hot market discussion...

At noon, although the two main lines of "infrastructure" and "military industry" fluctuated and fell a lot in the last 30 minutes of the morning near the closing time, the core hot spots and discussion center of the entire market are still completely focused on these two main lines.

As for the previous popular "technological growth" main line.

Although the two hot concept sectors of 'Internet Finance' and 'E-Commerce' were able to hold on strongly during the morning trend and did not follow other concept sectors in the field of 'Technology Growth' to panic and plunge, the overall sentiment was bearish. , the sharp turn of pessimistic expectations continued to grow at noon, and continued to ferment and spread in the hearts of the majority of retail investors.

At the same time, the market received news at noon.

Good news about ‘infrastructure’ and ‘military industry’ is constantly being unearthed by investors.

Looking back at the main line of 'technological growth', it seems that after the panic and the collapse of LeTV's investment logic, a series of bad news emerged one after another under the digging of the majority of investors. come out.

"Boss, this is what is called: when the stock price rises, everything is good, and when the stock price falls, everything is bad, right?" At 12:35 noon, inside Yuhang Investment Company, in the main fund trading room, everyone had finished eating After the meal returned to the trading room, Wang Can, who observed the obvious emotional evolution of the market, asked Su Yu with a smile, "Sure enough, investors will all hint in their hearts and automatically adjust their psychological expectations!"

Su Yu smiled and responded: "It is human nature to seek advantages and avoid disadvantages. When a person is positive, he is always willing to see the good side and ignore the bad side. When a person is pessimistic, he is always willing to see the good side and ignore the bad side. It will magnify the bad side and subconsciously ignore the good side. The essence of the reaction of market sentiment is human nature. "

"In fact, the future expectations for the two main lines of 'military industry' and 'infrastructure' are not as good as everyone thinks."

"As for the 'technological growth' line, future expectations are not as pessimistic as market investors have expected at this moment."

"However, according to the inertia of the market trend of our big A."

"Regardless of the market's emotional reaction or the rise and fall of stock prices, it will always go from one extreme to the other."

“This is why the pendulum investment effect is so frequent in our A-share market, because when the vast majority of market participants are ordinary retail investors, driven by human nature to seek advantages and avoid disadvantages, extreme emotional expressions are simply unavoidable. , naturally extreme trends are very common.”

"Moreover, the market is usually irrational because of extreme emotions."

"Then, excess profit opportunities will exist."

“This is our Big A’s unique ecosystem, and it is also a unique trend evolution in the domestic market. If we want to survive in this market for a long time, or even go further and make more profits, then... We must respect and adapt to this ecology and understand the evolving nature of this trend.”

"However, although the sentiment in the 'technology growth' line is rapidly collapsing, and the number of pessimistic investors in this line is rapidly increasing, but..." During Su Yu's analysis, Li Meng continued, "The overall market Investment sentiment and investment confidence are obviously improving. Moreover, according to the feedback and discussions of various investor groups in the market, there are still more people who can make money in the market than those who lose money. This shows that The overall profit-making effect of the market is still slowly expanding, which also shows that the overall trend of the market is developing in a good direction, and it also shows that the direction of the breakthrough of the main line of the market that we lead is correct. "

"Yeah!" Su Yu nodded and said, "You are right. In fact, as long as there are more people making money than losing money in the market, it means that the money-making effect of the market is expanding, and the money-making effect is Continued expansion will inevitably attract more potential off-market investors.”

“And more potential off-market investors are coming in.”

"This will inevitably bring more incremental funds to the market, thereby further stimulating the market and pushing the market to make further upward breakthroughs."

"From the current point of view..."

"Generally speaking, the market is developing in a good direction and has entered a virtuous cycle. In this way...many of the expectations we had imagined before should be realized."

"Previous expectations..." Hearing Su Yu's eyes gradually brighten, Wang Can was instantly excited and asked, "Does this mean... that there is a high probability that the bull market will become a reality?"