Chapter 683: Bear Markets Rise Sharply, Bull Markets Fall Sharply!

"Fuck, why is it falling so sharply?"

Many retail investors were shocked. A group of retail investors gathered in the stock discussion area of ​​the trading platform, staring at the market, completely unable to understand.

After all, they haven't seen and felt this kind of unilateral plunge for a long time.

At the same time, the bull market that everyone thought was in should not have such an extreme plunge in volume.

It seems that since the market rebounded strongly at the end of June, in the continuous breakthrough and rise, everyone has forgotten the previous tragic market trend.

So, facing this sudden plunge in volume, for a while, everyone was a little confused.

Especially in the past two weeks, some novice investors who entered the market only after the Shanghai Composite Index broke through 3,000 points in volume, now saw that the market swallowed up the gains of several days before opening within an hour, and the stocks they held swallowed up the gains of about a week before in this hour, which made them feel more panic and more difficult to understand.

Of course, for these novice investors.

It was the first time for them to truly experience the cruelty of the market.

Many investors who had previously thought that making money in the stock market was a piece of cake were completely silent at this moment.

"Isn't it a bull market? What's going on with this market? There's no bad news!"

"Yes! Why did it plummet for no reason?"

"The key is the large-scale unilateral plunge. This trend... is really scary."

"Many stocks have gone straight to the limit. Even in the strongest "securities" and "Internet finance" sectors, many popular core stocks are in an extreme sell-off. Even the "Tonghuashun" check, damn... has gone to the limit."

"I'm going to die. Is the "bull market" so soon... over?"

"Can a "bull market" that ends so quickly still be called a "bull market"?"

"I feel that the Shanghai Composite Index may not even be able to hold 3,200 points today! Damn... it fell too hard. I held a full warehouse and had to eat a limit!"

"The key is volume, The sharp drop in volume is really a bad feeling. "

"Yeah, damn, how long has it been since the market opened? The volume of the two markets is approaching 400 billion, it's incredible... it will reach 800 billion for the whole day?"

"Generally, this kind of huge drop in volume will only be released at the top, right?"

"Fuck, the logic of the 'bull market' will not be falsified, right?"

"The key is that there is no substantial negative news on the macro news side, why is it falling? With such a large trading volume in the two markets, what funds are selling?"

"Such a large volume, it must be the main funds that are selling!"

"Isn't it a 'bull market'? Why are the main funds selling?"

"I'm afraid the slogan of 'bull market' is used by the main funds to harvest! In fact... I always feel that the index has not broken away from the trend of rebound, It's hard to say whether there will be a reversal. "

"The key is that the securities market has also collapsed. There is no main line that can hold up the two markets today."

"Yes, 'the strong will always be strong' does not exist at all."

"Only the 'new stocks' sector has a certain market at present and can barely hold up."

"'New stocks' originally have very few circulating stocks. This is just a group of hot money hedging. The impact on the market changes of the entire market is negligible."

"But it has fallen so much, it is not cost-effective to stop loss during the trading session!"

"Let's take a look. Remember last week, before the Shanghai Composite Index hit 3,000 points, didn't the Shanghai Composite Index also fall extremely in the early trading? But the securities sector broke out in the afternoon. Maybe it will be the same today?"

"There is no hope. The securities sector was at a low level at that time. What main line is there now? Was it the explosive power and expectations of the securities sector at that time? "

"Is 'big consumption' not okay? "

"'Big consumption' is obviously impossible, and it is not as dynamic as the 'technological growth' line? "

"I feel that it is mainly the 'Chengfei Integration' check that brought down the market. If it were not for the impact of the limit down of this check in the early call auction stage, the two markets should continue to open higher. "

"Yes, the 'Chengfei Integration' check shook the investment logic and foundation of the entire 'central enterprise and state-owned enterprise reform and restructuring' concept theme. "

"Impossible, the influence of the 'Chengfei Integration' check will not be so great. "

"The limit down of the 'Chengfei Integration' check can only be an inducement for the entire market. The main... is the increase in the incremental capital group in the market. At this position, it is a bit difficult to catch the profit-taking and unwinding chips. "

"Also, there are no new heavyweight positive stimuli in the recent news, right? ”

“If it is really the factors of profit taking and unwinding, then the logic of the market's 'bull market' is still there. As long as the logic of the 'bull market' is there, the market adjustment should not be a big deal.”

“The concentrated selling pressure of profit taking and unwinding will also form an avalanche effect!”

“What are you afraid of? The Shanghai Composite Index has deviated far from the 20-day line. Even if the trend of today's plunge has already been formed, its upward trend has not been broken. With this little determination, what stocks are you speculating in?”

“Indeed, holding stocks is like being a widow. Holding stocks requires determination.”

"What the hell... continue to be firmly optimistic about the market outlook. What's the big deal? The Shanghai Index will fall back to the 3,000-point gap. It should be almost at its limit. It is absolutely impossible to fall back rapidly and fall below the upward trend line. After all, there are so many major financial groups in front of it. With large-scale entry into the market at a low level, and Mr. Su’s ‘Yuhang Group’’s main capital group holding positions worth hundreds of billions, how can we allow the index to fall back and allow short-term funds to enter the market at a comfortable low level?”

"Haven't you heard this sentence? Bear markets rise sharply, and bull markets plummet!"

"Yes, yes, this sentence is a classic. Let me see... today's plummeting trend is a washout of investors who are not determined to hold shares."

"I won't come out anyway, unless Mr. Su's 'Fortune Road' seats are sold on a large scale on the dragon and tiger list after the market closes today."

"Mr. Su's 'Yu Hang Department' has a capital position of hundreds of billions. It will definitely not be able to get out for a while. I don't believe that the index will reach its peak here."

"Yes, if this is the top of the index, then why bother trying to break through 3,000 points?"

"Backstepping, definitely backstepping!"

"Don't worry, the index has just broken through the platform that has been suppressed for several years. I don't believe it will fall back."

"The funds for selling are simply ridiculous."

"The main funds selling today are definitely a group of funds with no structure and no courage. What the hell... these guys are the best to sell, and then wait for the index to rise, and then let them chase the high price."

"Hey... Although I also believe that the index here is definitely not the top, this sell-off pattern is so scary. First... sell the profit-taking part first to reduce the cost of holding the position."

"I will also sell part of it first. Today's explosive and extreme downward trend, even if it needs to be repaired in the future, it shouldn't be possible in a short time, right?"

"I also want to sell part of it, but damn, the stocks I hold are almost at their limit now. If I sell them at this position, hey... it's really unnecessary."

"Yes, it's completely unnecessary to throw it away at this time, right?"

"If you want to run, you should run when the market opens. That's when it's the right selling point. If you run now...if you run again, you'll probably be washed away, right?"

Among the concentrated discussions among many retail investors...

The long-short sentiment in the market is also changing rapidly. Many unsteady stock-holding investor groups have begun to reduce their positions and take profits. However, many OTC investor groups who were originally less willing to pursue positions and buy positions are less willing to adjust their positions. The strong group of investors on the market also began to hesitate under this emotional interpretation.

Due to this emotional reaction, the market's long and short forces have become further unbalanced.

I saw the two cities spending an hour after the opening.

Whether it is the Shanghai Stock Exchange, Shenzhen Stock Exchange Index or ChiNext Index, or the core main lines of the market such as 'Big Finance', 'Infrastructure', 'Military Industry', 'Technology Growth', and 'Big Consumption', their volumes have exploded. The situation has not slowed down, but is still accelerating further.

At 10:42, the turnover of the two cities exceeded 410 billion.

The Shanghai Index's intraday decline expanded to 3%, approaching 3,200 points, while the Shenzhen Stock Exchange Index and ChiNext Index's intraday decline also expanded to more than 2.70%. Even the strongest A50 index became the core of the market's decline today. The index fell by 3.11% at this moment.

In addition to the core index and the performance of the core main lines.

Of the nearly 2,000 stocks participating in transactions in the two cities, there are only less than 150 stocks, which are still in the red market.

Moreover, in the two cities, a total of more than 50 stocks are now locked at the lower limit.

For example, 'Bluestone Heavy Equipment, Hongdu Airlines, Beijiang Communications Construction, Shanghai Construction Engineering, Chengfei Integration, China Airlines Heavy Machinery, Changliang Technology, Yinjie Technology, Orient Securities...' all lines have been closed to the limit, and 'flush' ' and 'Western Securities', two popular leading stocks in the main line of 'big finance', have seen their intraday declines expand to more than 6% at this moment.

Even a number of core weight stocks in the fields of 'big finance', 'infrastructure', 'military industry' and 'big consumption'.

Stocks such as 'Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaxin Cement, Huaxin Building Materials, Huaxin Securities, Huaguo Pacific Insurance, China Airlines Shenyang, Aviation Power...' also fell across the board, with the market falling. Both were greater than 3%, and the volume continued to plummet.

And in addition to these areas.

Conceptual leading stocks and conceptual core stocks where hot money gathered in the past.

Such as 'Ciwen Media, Huace Film and Television, Inspur Information, Huaguo Software, LeTV, Internet Speed ​​Technology, 2345, Hengsheng Electronics, Oriental Fortune...' A number of stocks are also showing unilateral killings at this moment. The situation is falling, and selling is emerging one after another. At a glance, it seems that all the main funds are smashing the market to stop profits and retreat.

Suddenly, the entire market.

It seems that we have returned to the extreme bear market stage. At a glance, there are only green eyes.

"Today's trend doesn't look like a market washout? Can this be considered a technical correction?"

Seeing that the major indexes in the two cities have no signs of stopping their decline, and the declines of the major indexes have all approached the 3% decline mark, the market trading time is approaching 11 o'clock, and it is about to enter the last half hour of the morning trading session. At that time, Su Yu was in the main hot money group of Yuhang.

All of you hot money tycoons who have a keen sense of market conditions, and at the same time, your technical capabilities and information channels are better than those of retail investors.

At this moment, everyone also frowned, and their hearts became completely uneasy.

"Yeah, the killing is really fierce. You can't just kill it directly to the 20th line in one day, right?"

Along with a sigh, someone in the group echoed.

"Now the index has dropped by 3 points, and there is no sign of shrinking to stop the decline. Most likely... it will reach the 20-day line in one go and directly break through the 3200 point!"

"I really didn't expect...the adjustment would come in this form."

"This is a trend that was hit by no obvious negative news in the market. If there had been clear negative news last night, the trend... would be unimaginable."

"I thought that the market's emotional state and investment confidence had completely reversed, but I didn't expect..."

"Looking at it now, we still can't be too optimistic about the market outlook!"

"Yes, I feel that the expectation of a full-scale 'bull market' has to be re-estimated."

"Have you not seen this kind of plummeting pattern for a long time?"

"Even if there was an index adjustment before, if it pulled back after deviating too far from the 20-day line, such an extreme trend would not occur!"

"Actually, the main reason is that the profit and settlement orders accumulated in the market during this period are too heavy."

"I agree. The original range of 3,000 to 3,500 points was the area with the heaviest holdup in history. However, since the Shanghai Stock Index broke through 3,000 points, the market has not had a decent adjustment. It has been short-selling and rising, and the accumulated profits have been reconciled. Can there not be too many sets?”

"Hey, I thought the Shanghai Stock Index should hit above 3,500 points before there would be a major adjustment."

"Now you have to lower your expectations."

"I think there's nothing wrong with adjusting it. Originally, profit taking and arbitrage were at this position, and it's time for a big cleanup."

"But for this kind of extreme adjustment, in the short term, don't think about quick fixes."

"In short, today is not a suitable day to open a position."

"Well, the key is that the 'big finance' line failed to hold up today."

"In the early trading, the 'big financial' line originally wanted to protect the market and shoulder the leading role alone, but unfortunately it was not able to hold on."

"At this time, supporting the market will intensify the time and space for subsequent adjustments. There is no harm in following the decline."

"The main thing is to examine whether there are any problems with the logic of the 'bull market'. If there are no problems... I think it is not objective to deny the market outlook based on today's extreme market trends alone."

"Today's plummeting pattern is probably unavoidable, and there is no possibility of a deep V. After all, whether there is such a large amount in the morning depends on the market's recovery tomorrow."

"I agree. In fact, at this position, we can still try to reduce the profit-making position and reduce the cost of holding positions."

"The funds that were empty before must be comfortable today."

"Hey, that's not necessarily the case. In this form of plummeting, the funds that were previously empty may not be dared to buy."

"Don't talk about anything else, just you and me...under this situation, do you dare to catch the flying knife?"

"Today is not a good time to buy. With this kind of trend, the market will definitely open lower tomorrow without extreme positive stimulation. Isn't it good to wait until it opens sharply lower tomorrow before buying?"

"The logic of the 'bull market' should undergo a new round of tests under this trend."

"But there's no need to be pessimistic, right?"

"I think... maybe there is a possibility of a deep V in the index in the afternoon?"

"It depends on the next half hour. The two cities will share the time and capacity, and whether the volume can be reduced or not."

"I always feel that the vast majority of the chips being sold today are still unsteady 'profit-taking' and the 'unwinding' capital groups that have just solved their arbitrage. They are really the core main force like Mr. Su's 'Yu Hang Group' The institutional capital group will most likely remain unchanged today.”

"If it's really a washout... then this is actually a good place to buy."

"Whether it is a long-short turning point in the market or a bullish reshuffle point, we have to wait until the market's time-sharing volume can gradually shrink. Only by shrinking can we see the real motivations of the market's main capital groups."

"Well, indeed, shrinking also means that the differences between long and short are gradually decreasing..."

When the news in the group is refreshed rapidly, hot money tycoons are discussing intensely, conducting in-depth analysis of the market, and making different position adjustment strategies and trading strategies at the same time.

The trading hours of the two cities quickly entered after 11 o'clock.

As the market entered the last half hour before the midday close, finally... the time-sharing trading volume of the two cities began to gradually decline, and the extreme panic selling situation gradually passed. The core stocks of the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, and GEM Index The index also began to fall within the range of 3.25% to 3.50%, and gradually went sideways.

As for the major core lines of the market...

Such as the main line of 'big finance', the main line of 'technological growth', the main line of 'big consumption', etc.

At this stage, as the extreme sell-off in the two cities gradually weakened, many early short-term funds also ushered in concentrated bargain hunting, and the corresponding core stocks rebounded.

However, when core stocks ushered in fund hunting, they rebounded slowly.

For example, the main fields of "infrastructure" and "military industry", as well as the marginal main fields such as "non-ferrous cycle", "petrochemical", "agriculture", and "animal husbandry", as well as the industry sectors and concept sectors closely related to the main lines of the major concepts of "Eurasian Economic Belt", "reform and restructuring of central enterprises and state-owned enterprises", and "new era road and maritime Silk Road", as well as a number of related concept stocks, are still fluctuating and declining. Although the selling force on the market has weakened compared with the early trading, it still continues to suppress long buying.