Chapter 858: Continuous Market Decline!

Seeing that the opening patterns of the two cities were obviously lower than expected.

At this moment, the expectations of the retail investors gathered in the stock discussion area of ​​the trading platform for the market trend have obviously taken a turn for the worse.

"Hey, what's going on? Why has the market been falling since this week?"

"Damn it, it's so deceptive. When I didn't fill my position, the index and individual stocks kept rising and refused to pull back. But after I filled my position on Monday, they kept falling. It's terrible. Sigh... This is my bad luck. Or is there something really wrong with the market trend?”

"It shouldn't be. Is the Shanghai Stock Index really going to 3,500 points?"

“I really didn’t expect that when the central bank cut interest rates and required reserve requirements, the market fell for three days in a row.”

"It's better not to have any benefits at all."

"Yes, if it weren't for the benefits of the central bank's interest rate and reserve requirement ratio cuts on Monday, the Shanghai Stock Exchange Index might still be stable at around 3,800 points. Alas... it's simply poisonous."

"The good news has turned into bad news. This wave of market trends really perfectly illustrates this point."

"I really learned something this time, and I really won't dare to chase profits next time."

"It's not a matter of good or bad, it depends on the position of the market itself. Before the good news of the central bank's interest rate cut and reserve requirement ratio reduction came to light, the market trend had already deviated from the normal track in terms of technology. It’s time for a correction, and the result is that there has been no correction because everyone expected the central bank to cut interest rates and reserve requirements. In fact, if we analyze the market carefully, we can avoid this sharp correction.”

"It makes sense, and sure enough... although the technical aspect may not be accurate, it still has a certain use!"

"That's for sure. Market trends and basic laws must still be followed."

"Actually, the most important point is that the 'Yu Hang Group' led by President Su has massively reduced positions and stopped profits, which is also a major reason for this sharp market correction."

"This is true. The large-scale reduction of positions of the 'Yuhang Department' led by President Su should make many institutions in the market numb."

"Everyone probably didn't expect it, right?"

"However, in yesterday's dragon and tiger ranking data of the two cities, the trading seats related to the 'Yu Hang Department' managed by President Su did not appear. It feels very strange."

"Does this mean that the 'Yuhang Department' led by President Su has given up on large-scale reduction of positions again?"

"Isn't it possible? How can the major financial players be so casual in changing their investment strategies?"

"What's going on? After losing weight for one day, you won't lose weight anymore?"

"Is it possible that the 'Yuhang Department' led by President Su has completed its plan to reduce positions and stop profits?"

"It feels impossible. According to the estimates of major market institutions, the total amount of chips held by the main fund products of the 'Yu Hang Series' managed by Mr. Su is around 200 billion. It was on the Dragon and Tiger list the day before yesterday. The trading seats related to the 'Yu Hang Group' have only reduced their holdings by more than 2 billion. Compared with the scale of 200 billion, they only account for about 1%. How can it be possible that the reduction is in place? "

"Then how do you explain yesterday's Dragon and Tiger ranking data?"

"It's possible that the 'Yu Hang Series' fund products managed by Mr. Su have no intention of leaving the market. They are just using a false shot to wash away the major capital groups that are following suit."

"That said, it's possible."

"No matter what the motivation of the 'Yu Hang Department' led by President Su is, anyway, I think it is right to follow the 'Yu Hang Department' to reduce their positions. Facts have proved that after the 'Yu Hang Department' funds reduced their positions, the market continued to fall."

"I agree, just follow Mr. Su's operation on the Dragon and Tiger List and reduce your positions. You don't have to think so much."

"I did this a few times before. Sure enough, I perfectly avoided the crash, perfectly participated in most of the market's rise, and successfully made excess profits."

"Yes, at this time, it is always right to avoid the two main lines of 'big finance' and 'big infrastructure'."

"It is correct to reduce positions and short positions."

"In the past two days, it can be clearly felt that the money-making effect of the market is decreasing."

"After the two core main lines of 'big finance' and 'big infrastructure' were significantly reduced by the 'Yuhang Department' under the leadership of President Su, it is obvious that the overall chip structure has been loosened."

"The key is that there are too many other major funds sold by the 'Yuhang Department' led by Mr. Feng Su."

"Yes, following the trend is too exaggerated."

"Lower your expectations and look at 3,500 points first!"

"I think 3,500 points may not be able to sustain it. Maybe the Shanghai Stock Index will fall to 3,500 points today."

“No matter how much the correction is, overall, the bull market pattern of the market should still be there, right?”

"That must be true. There is definitely no problem with the market's mid- to long-term logic. Take the 'Yu Hang Series' main fund headed by President Su as an example. They should only reduce their positions, not clear them."

"Mr. Su has made it clear that the long-term trend of the market is in a bull market, and he will definitely not clear positions at this position."

"That's good. Since the bull market is still there and the bull market trend has not been destroyed, then I can continue to hold positions with peace of mind. As long as the bull market is still there, if it falls, it will rise again."

"It's just that it will take some time before the index reverses."

"Don't be afraid, isn't the most valuable thing for us retail investors the cost of time?"

"Yes, I think at this time, we still have to maintain the investment thinking of the bull market. The more it falls, the more we buy. I don't believe that the index will fall back to 2,000 points."

"It is definitely impossible to fall back to 2,000 points. I feel it is possible to fall back to 3,000 points."

"It shouldn't be that bad, right? Falling back to the starting point of the bull market?"

"As long as it can be maintained above 3,000 points, there is no need to be afraid, right?"

"Let's see how the market will go today or in the near future?"

"Alas, it is mainly the two core themes of 'big finance' and 'big infrastructure'. The drag on the market trend is too great."

"Who said that these two themes are the largest weight themes in the market?"

"'Big finance' and 'big infrastructure' are the two themes, although they fall , it will have a big impact on the market trend, but when the short-term adjustment of these two main lines is completed and they enter the rising stage, they will also have a great driving effect on the market trend. Everything has its pros and cons. "

"That's true. In fact, it depends on whether the current "high-low switching" path can be walked out. "

"Yes, if the relatively low-level main line areas such as "big consumption", "pharmaceuticals", "non-ferrous cycle", "petrochemicals", "mobile Internet", "smartphone industry chain"... can be substituted to complete the rotation of the two major weight main lines of "big finance" and "big infrastructure", then I think the index should be able to stabilize above 3,500 points, and the rebound or reversal should be fast. "

"At present, the funds are There are signs of converging to a number of low-level main lines, but..."

"But what?"

"But it seems that the condensed money-making effect is not enough, and these low-level main lines, in addition to the advantages in chip structure, are completely incomparable to the main lines of "big finance" and "big infrastructure". In terms of other factors such as valuation, fundamentals, performance explosion... etc., I always feel that these low-level main lines still lack the motivation for speculation and the driving force for the stock price to continue to rise. "

"Isn't the only condition for the stock price to rise the push of the main funds?"

"The most direct reaction to the rise in stock prices is definitely the push of funds, but guess why funds have to gather to push the stock price up? Isn't it because of its fundamentals, performance explosion expectations, and news that lead to fundamental changes... This Is it determined by some factors? "

"The advantage of chip structure can also be regarded as a big advantage, right?"

"You can say that, but if the fundamentals do not reverse, the advantage of chip structure can only support a short-term rebound, and it cannot form a reversal trend! "

"Great, I think so too."

"So, "big consumption", "nonferrous cycle", "petrochemical", "pharmaceuticals", "mobile Internet", "smartphone industry chain"... these low-level main lines, haven't reached the time for the market to completely reverse? "

"At least for now, these relatively weak market main lines have indeed not changed much in fundamentals. "

"Then we can only look at the rebound. "

"Why do I feel that there may not be a rebound?"

"Not really? Judging from the flow of major funds in the market in the past two days, many active fund groups are still converging towards these low-level main lines. ”

“When the nest is overturned, no egg is left intact. The continuous plunge of ‘big finance’ and ‘big infrastructure’ makes it feel that even if there is a lot of funds to buy the bottom and go long in the main line sectors such as ‘big consumption’, ‘non-ferrous metal cycle’, ‘mobile Internet’, and ‘smart phone industry chain’, they will be dragged down by the market, and it is difficult to have a sustained rebound.”

“So, there is a certain logical support, but... I still think that the main line market has a chance to rotate. After all, in the absence of any change in the bull market pattern, the funds that have been reduced from the main line of ‘big finance’ and ‘big infrastructure’ must find a way out and position, right? At this time, in addition to speculating on relatively advantageous chips, what else can be speculated on these main lines at low positions? ”

“Let’s wait and see...”

“No matter what, I still hope that the market can stabilize today. The losses in the past two days were too bad. ”

Along with the discussion area of ​​the trading platform, the discussion of this group of retail investors, as well as the topics and comments on major stock investment discussion platforms across the network were refreshed.

Unconsciously, the market time has come to 9:30.

The two markets that were temporarily suspended are now ushering in the official trading period of continuous bidding.

The market has just opened.

The Shanghai Index, Shenzhen Index, and ChiNext Index quickly opened low and went low.

Among them, the popular main line areas such as "big finance", "big infrastructure", "military industry", and "film and television media" where large funds were concentrated in the early stage, fell rapidly, with huge amounts of selling , countless of them are pouring out, and various funds have not given up the plan to flee these popular main lines because of the temporary suspension of the reduction of positions by the "Yuhang system".

And at a time when the popular main lines of "big finance", "big infrastructure", and "military industry" are falling sharply.

"Big consumption", "non-ferrous cycle", "petrochemical", "pharmaceuticals", "mobile Internet", "smartphone industry chain"... these so-called relatively low-level main line areas are also falling rapidly, and have not been able to continue to show signs of rebounding against the trend.

In this situation of general market decline.

At 9:48, the Shanghai Composite Index fell by 1% during the day, approaching 3,600 points.

At 9:50, in the main field of "big finance", the securities sector index and the Internet finance sector index fell by more than 2.5% during the day. Among them, "Western Securities" plummeted by 5% again, while "Dazhihui" and "Tonghuashun" fell sharply by 6%.

At 9:55, the decline of the "Securities Sector" and "Internet Finance" sector indexes further reached about 3%.

At 9:56, the indexes of the two major industry sectors of film and television media and new stocks also fell by about 2%.

At 10:01, the hot stocks of the two new stock sectors, "Huake Shuguang" and "Lanshi Heavy Equipment", also fell to the limit again.

And the re-limit trend of these two stocks.

It also led to a comprehensive decline in the short-term concept stocks and hot concept stocks in the two markets.

At 10:05, the ‘military industry’ sector index was affected and fell sharply again, with a drop of 2.75%. Among them, China Airlines Heavy Machinery fell 5%, and Aerospace Development and Hongdu Aviation fell by about 7% in one fell swoop.

At 10:11, when a number of popular main lines such as ‘big finance’, ‘big infrastructure’, ‘military industry’, ‘film and television media’, and ‘new stocks’ fell across the board, the Shanghai Composite Index fell by about 1.5%. Among them, the A50 index fell by more than 2% at this time.

At 10:16, as the major indexes continued to fall sharply.

‘Big consumption’, ‘non-ferrous cycle’, ‘petrochemical’, ‘coal’, ‘pharmaceuticals’, ‘mobile Internet’, ‘smartphone industry chain’ and other so-called low-level main lines, whether in terms of net main funds or market trends, began to continue to decline, and the general decline in the two markets became more and more obvious.

At 10:20, the Shanghai Composite Index hit 3,600 points, and encountered a strong counterattack from the bulls, and the market began to rebound significantly for a short time.

At 10:25, ‘Huake Shuguang’ and ‘Lanshi Heavy Equipment’ opened the limit down.

At 10:26, ‘Netspeed Technology’ and ‘LeTV.com’ quickly rose and turned red, and the entire ‘mobile Internet’ main line was hit by a large-scale rush of major funds to buy the bottom.

At 10:28, the Shanghai Composite Index fell back to within 1.5%.

At 10:30, the ChiNext Index fell back to within 1%.

At 10:32, the core industry sectors in the main line of ‘big consumption’, such as ‘automobile, white appliances, food and beverage, retail’ and other sector indexes, turned red and rose, and continued to be the leading industry sectors in the two cities, giving the market a certain degree of popularity and hope for a rebound. (End of this chapter)