Chapter 805 The Inertia of Trend!

“‘Once in 20 years’? Haha… These institutional fund managers really dare to say that!” When the bullish sentiment on the entire network was still extremely passionate, and at a glance, there was basically no bearish voice, and whether it was institutions, financial media, various online stock gods, or well-known stock commentators, they were all brainlessly bullish, Yuhang, in a private villa, Zhang Jianping sat on the sofa, squinting his eyes at the latest market information, and laughed, “I didn’t dare to increase my position when it was low, and I didn’t dare to speak publicly. Now that the market is in the first stage of the bull market, it has reached a completely clear situation, and I came out to say these things… Isn’t this obviously calling on everyone to take over?”

Hearing Zhang Jianping’s sarcasm, his old friend Liu Changsong, who was sitting next to him, smiled and responded: “I don’t know if Mr. Li, who said the ‘once in 20 years’ opportunity, has participated in the market for 20 years. This mouth The mood is quite big, but when the market is quiet, no one is bullish. When the market comes out, everyone starts to be bullish collectively, which is also normal.

The so-called "buy high, don't buy low".

For the vast majority of investors participating in the market, whether it is the real estate market or the stock market, they basically have this mentality.

In fact, if we analyze it carefully, the current market investment opportunities, although not 20 years, but five years of investment opportunities should still be considered.

At least since the Shanghai Composite Index officially broke through 3,000 points...

After more than a month of emotional and volume development, as well as the attitude of the regulators, the market bull market pattern is basically completely determined.

At this time, new funds participate in the market.

Although it is difficult to outperform the market, or to earn any excess opportunity profits, there is a high probability that you can still make money.

After all, The money-making effect of the market is really good during this period.

Whether it is the concept leading stocks of short-term logic, or the blue chip stocks and weighted blue chips of long-term logic, the market trend is good, and basically for the funds that continue to take over, there is no loss effect, and the external market trend, external financial market environment and other factors...are still continuing to develop in a good direction. "

After listening to Liu Changsong's words, Zhang Jianping responded with a smile: "Old Liu, even though the factors you mentioned are indeed the actual feedback of the current market, and the entire domestic financial market has indeed entered the bull market stage, but... the bull market does not mean that the market will continue to rise.

Although in the current market, almost all investor groups, investment confidence and investment sentiment have returned to the atmosphere of the bull market.

Moreover, the investment risk preference of the entire market has continued to rise to a radical state.

However, since the market broke through 3,000 points in early November, it has been forced to rise for almost a month, and the monthly increase of the Shanghai Composite Index has reached 20%.

In this case, if you follow the extreme long sentiment, go long at high positions, and aggressively increase your positions.

In the short term, it is difficult to reap any profits.

Whether it is a bull market or a bear market, the basic technical trend of the market must be followed.

The current short-term and medium-term profit-taking in the entire market, as well as the newly untied chips, and the group of locked-in chips that continue to float out and continuously cut positions and adjust positions due to the interpretation of extreme long sentiment, can be said to be quite large. These... Although they were once part of the bullish force, they are now basically the potential short-selling force in the market.

You said these short-term and medium-term profit-taking, especially the large number of profit-taking groups that invest with short-term and medium-term logic.

When there is a large profit, and once the market sentiment has no room for improvement, expectations begin to be fully realized, and the stock price reaches the psychological price, will they be sold in a concentrated manner?

If you ask me... these profit-making funds.

Once there is any extreme disturbance in the market, there will inevitably be concentrated selling to suppress the market.

The last time, that is, the extreme adjustment of the market on November 10, was able to recover quickly, rebounded sharply the next day, reversed the huge negative line of that day, and continued to rebound in the following days, and soon set a new high.

That was because the entire market had just recovered from the atmosphere of the Shanghai Composite Index breaking through 3,000 points and the arrival of the bull market. There was a huge group of incremental funds inside and outside the market, waiting to enter the market to grab chips, so it was able to quickly take over the selling force and quickly create a new market height space.

In addition, at that time, the investment logic of "big finance" had just emerged.

Many main institutional groups in the industry.

In particular, a large number of main institutional groups that mainly focus on investment opportunities on the right side of the market, the positions of the main fund products they manage are all in a reduced position.

When these institutions reach the right side of the market and there is a huge correction.

There is a demand for rapidly increasing positions and holdings.

In addition, the entire market at that time, whether it was domestic news or external news, was always in an atmosphere of continuous release of favorable news.

With these factors, the market rebounded quickly at that time, repaired the extreme adjustment, and hit a new high.

And the increasingly hot money-making effect of the entire market.

However, look at it now...

The major core indexes of the two cities, especially the Shanghai Composite Index and the A50 Index, have long been in a state of divergence in the technical trend of the K-line pattern.

Looking at the volume, the speed of the previous volume progression was quite rapid.

In the past week or so, the market volume has slowed down a bit when the bullish sentiment in the entire market has been significantly more exciting and high-pitched than before.

Before, I didn’t expect that the turnover of the two cities would explode to 800 billion or 900 billion so quickly.

Now, I did not expect that the amount of energy in the two markets would hover around 900 billion for such a long time.

The amount of energy is gradually decelerating, which shows that the incremental funds pouring in from the sidelines have been greatly weakened at this stage.

The reason why the incremental funds outside the market have greatly weakened, but the market can continue to maintain an upward trend, is because under the extreme bullish sentiment, the position holders on the market are generally reluctant to raise funds, resulting in the weakening of selling volume. This, on the surface, maintains the continued progress of the entire market.

The technical situation continues to diverge, and short- and medium-term profit orders and unwinding orders continue to surge.

Coupled with the weakening of new incremental funds pouring into the market.

Under the influence of these factors, once the extreme bullish sentiment in the market declines, extreme market fluctuations are bound to occur for the market.

The potential long and short forces in the market have already reversed.

The market trend cannot continue.

At the same time, even if the market is not intruded by major negative factors, or in the internal environment and external environment, there are still benefits being released.

Market volume and energy conditions do not change.

A large number of short- and medium-term profit orders and unwinding orders were made after many stocks reached their psychological selling levels.

The market will also form extreme selling pressure.

Faced with these extreme selling pressures, at least... I don't see the market being fully capable of taking it on at the moment.

In other words... I think the current market conditions are already prosperous on the surface, but murderous intentions are hidden. The current rising form is basically in a situation where emotions alone are assisting and the trend inertia is supporting. Once the market has Any change in bullish factors will lead to a rapid adjustment of the current market trend, or a rapid collapse. "

"Hidden murderous intent?" After carefully listening to Zhang Jianping's analysis of the market conditions, Liu Changsong thought about it carefully, and couldn't help but feel shocked and said, "No wonder your position does not increase in the face of such a good market trend today. Instead, they began to actively give up profits.”

Zhang Jianping chuckled and said: "If you want to survive in this market for a long time, you must choose to actively give up profits. Only make money within your ability, and you will feel at ease. Only money within your ability can make you money." Really take away the profits, otherwise... all risk profits are just fleeting. If you are lucky this time, you will make a profit, but if you are not lucky next time, you will definitely lose it.

You know, in this world...

You can't make all the money in the financial market, but you can lose all the money. "

Liu Changsong nodded and said with a smile: "In short, the money earned by strength can be earned again next time. The money earned by luck, no matter how many times it succeeds, will have to be returned to the market sooner or later based on luck." ”

"Yes, yes..." Zhang Jianping nodded and said with a smile, "Lao Liu, you have summarized it well."

Liu Changsong smiled, thought for a while, and then said: "But, Lao Zhang... Since you think that the current long and short forces in the market have begun to change, can the new long volume support the continued upward trend of the index in the short term? , and the entire market investment environment has entered the stage of risk gaming, so why are we only reducing some positions and not reducing positions on a large scale to fully harvest profits in a timely manner?”

Zhang Jianping responded: "Didn't I just say it? The development of market trends is inertial. Even if the potential bull power of the current market is no longer enough to undertake the rapidly expanding short-term profit orders and the continuously increasing unwinding orders on the market, chips, but with the help of extreme bullish sentiment and the consistency of comprehensive bull market expectations, the market can still move upward for a certain distance under the hot money-making effect.

There is also when there is upward pressure on the market.

The active capital groups on the market will inevitably follow the drive of emotions and further abandon weak stocks that cannot outperform the market, thereby moving towards those with higher market liquidity, higher market attention, stronger expectations, and more intense market discussions. Core leading stocks gather.

In other words, at this stage.

The market trend of many popular market leaders will not weaken, but will become stronger.

This is caused by the large group of investors in the market, who naturally adjust their positions driven by human weaknesses.

Therefore, the market of popular leading stocks that have been intensively speculated by active capital groups on the market will continue to rise even if the overall market trend has not been completely reversed. As an investor holding these stocks, the market will continue to rise. You can continue to hold positions for a period of time and earn the last steamed bun profit in this market.

"To put it simply, this time...is the right time to eliminate the weak and keep the strong, right?" Liu Changsong roughly understood and said with a smile, "This is the so-called main line of market development, 'The strong will always be strong, and the weak will always be weak. 'The investment logic, right? Popular stocks with better market liquidity and more major capital attention naturally have higher risk-taking capabilities."

Zhang Jianping nodded and replied: "You can say that."

"However, what puzzles me is that... since according to what you said, Lao Zhang, the market has entered the stage of risk-profit game, then as the smart money in the market, the main capital of 'Yuhang System' should have some movement." Liu Changsong said, "However, as of now, especially from today's Dragon and Tiger List data, this main capital is still in a state of full lock-up.

After a month of continuous forced short rise.

Everyone initially estimated that the main capital of 'Yuhang System' in the market's 'big finance', 'big infrastructure', 'military industry' and other major hot main line areas, the scale of holdings is at least more than 150 billion.

You know, this scale of main capital.

If you have to make the last penny in the market, it is very likely that you can't get out.

I'm thinking... Could it be that This main force has not yet realized the potential risks you mentioned, Lao Zhang? "

Zhang Jianping saw Liu Changsong mention the main force of the 'Yuhang system', thought about it, and said: "I have to admit that based on the past investment and operation experience of the main force of the 'Yuhang system', they are indeed the smartest group of funds in the market. Logically... this main force should have realized the potential risks I mentioned.

Let's wait and see...

I believe that in the next few days, the funds of the 'Yuhang system' will most likely move.

If there is really no, then Mr. Su, who is in charge of the funds of the 'Yuhang system', will most likely have to bear a round of significant net value retracement, and his investment myth and trading myth will inevitably be broken. "

"Well, let's wait and see!" Liu Changsong nodded and responded.

As the two of them communicate with each other based on the current market changes and combined with various information on the entire network, they make new forecasts for the subsequent market.

On the macro news of the two cities.

There have been new changes in the news about the entry of 'pensions' into the market.

At the same time, the news that the central bank is very likely to cut interest rates and reserve requirements next month is spreading more and more widely, so that many retail investors in the market are talking about this.

In terms of the external market, according to some data released by foreign institutions.

The recovery of the global economy seems to have shown some optimistic expectations, which can support global capital and further increase financial markets.

In short, amid the release of a lot of information and the continued heated discussions of the majority of investors.

As time goes by, the bullish sentiment inside and outside the market, as well as investment confidence, are still rising. Everyone's expectations for the future market are generally more and more optimistic, and the idea that the Shanghai Composite Index will hit 4,000 points at the end of the year seems to have gradually become a consensus among the majority of investors. (End of this chapter)