Chapter 867 Every Rebound Is the Starting Point of a Sharp Drop!

"That's no problem." Gu Chijiang said, "Where do you think the market will stabilize after adjustment?"

Lin Tingzong responded: "It's hard to say. It depends on the recent changes in news and sentiment, as well as the movement of the main fund of the 'Yuhang system'. At present, the main fund of the 'Yuhang system' still has a very large impact on the market's sentiment. If this main fund can disclose its holdings and net value trends, it is estimated that it will have a drastic impact on the current market trend.

However, according to my guess, in the case of the main fund of the 'Yuhang system'.

Before the investment strategy goals and trading goals have been achieved, this main fund will not fully expose its holdings and net value dynamic trends for the time being.

Because this main fund can affect too many and too many followers.

Therefore, in order to prevent its investment strategy and trading strategy from being interfered with by various follow-up funds in the market, this main fund In the near future, most of the new holdings and net value trends will not be disclosed. "

"I think so too." Gu Chijiang nodded and said, "After the large-scale reduction of positions by the main fund of 'Yuhang System' on Monday, there has been no large-scale selling trend for two or three consecutive trading days, so... According to the previous operation style and trading style of this main fund, this main fund should not continue to reduce positions on a large scale or sell off.

In other words, without the main fund of 'Yuhang System' to strongly suppress the market trend.

And after the major market institutions have comprehensively reduced the expectations of the large-scale market smashing of the 'Yuhang System' to stop profits, the market's correction and killing trend should be slightly eased. "

Lin Tingzong pondered for a while and said: "I think that at this time, the market correction trend is slightly eased, which is not good for the market trend. "

"Why?" Gu Chijiang asked with a little surprise.

Lin Tingzong said: "This should extend the time for the floating chips in the two core main lines of 'big finance' and 'big infrastructure' to be cleared, and the time and space for the two markets to adjust will be extended. If the market can quickly kill to the 3200-3000 point line with the current extreme selling sentiment, it will be very conducive to the end of the market adjustment and the subsequent market situation."

"That's true." Gu Chijiang pondered for a moment and responded, "It seems that... the market does not see any signs of the end of the adjustment at present. We still have to continue the previous investment and trading strategies, further reduce positions and stop profits in the chips of the core main lines such as 'big infrastructure', 'big finance', and 'military industry', and reduce the main fund positions to a reasonable position."

"Well." Lin Tingzong nodded and continued, "The short-term trend of the market has reversed, so we... naturally have to respect the trend of the market."

Accompanied by the two people's analysis of the current market.

And about the changes in the investment strategy and trading strategy of the main fund products in the future.

At this time, the two markets have begun to enter the trading time area 20 minutes before the midday closing.

As the two markets approached the midday closing, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index, which had originally shown a significant rebound, continued to encounter strong and heavy selling pressure at a relatively high level during the session, and showed a more obvious trend of rising and falling. In the market, the slightly stronger core main line related industry sectors and concept sectors such as "big consumption", "medicine", "mobile Internet", and "smartphone industry chain" also began to show a weak trend at this moment. The selling orders on the market are increasing with the time, while the active buying orders on the market are gradually decreasing with the passage of time.

As for the previous core main line market sectors such as "big finance", "big infrastructure", "military industry", "film and television media", "new stocks", etc., which have already achieved a series of sharp declines and adjustments, but the market attention and discussion are still very high.

At this moment, after a short-term strong rebound in the morning,

At this moment, the relevant industry sectors, concept sectors, and hot stocks also saw heavy active selling again, and the buying power on the market was obviously weakened.

Under such circumstances...

At 11:12, the big monster stock of the new stock sector, 'Lanshi Heavy Equipment', which once rebounded and hit the red market from the limit down, fell back to the limit down again, continuing to kill the short-term funds that chased and grabbed chips during today's trading, as well as a large number of bottom-fishing.

At the same time, the declines of the securities sector, defense and military sector, and Internet finance sector indexes.

It also rapidly magnified again.

Among them, the intraday decline of the securities sector once again exceeded 1.5%, and the intraday decline of the Internet finance sector index also reached the 2% mark again.

At 11:13, the intraday turnover of Huaxin Securities exceeded 6.5 billion, and there was still no obvious shrinking trend. The market trend also turned from red to green and fell into the water again. The decline in the market was still in a clear expansion trend as the trading time went on.

At 11:14, the market decline of Flush, which once turned red and rose during the trading session, reached 3%, continuing to show a weak sell-off pattern, and also buried all the short-term funds that bought the bottom of this stock during the trading session today.

At 11:15, the Shanghai Stock Index returned to its early opening position after rising higher and falling back, completely controlled by 3,600 points, causing the market's bullish sentiment to suffer a heavy setback again.

At 11:16, the 'banking' sector, which once led the gains in the two cities and squeezed into the top five in the two cities' industry sector growth lists, also fluctuated and fell. The gains in the market have been completely wiped out, and the sector index has returned flat. The position, and the selling power on the market, are also increasing rapidly under the decline of long sentiment.

At 11:17, it was affected by the intraday limit drop again due to the "Blue Stone Reload".

The 'National Defense and Military Industry' industry sector index fell sharply to a decline of 2.35%, causing this large industry sector to once again become the leading industry sector in the two cities.

Moreover, in the sector area.

Previously, they were greatly affected by the trend of the check "Blue Stone Reload", and there are some concept stocks that strongly follow the trend of the check "Blue Stone Reload".

Stocks such as 'China Airlines Heavy Machinery, Hongdu Aviation, Aerospace Development, Fushun Special Steel...' and other stocks.

At this moment, they also fell sharply.

Among them, like China Airlines Heavy Machinery, a popular stock in the military sector, in just a few minutes, it wiped out all the gains in the early trading and pushed the decline to 3%, causing the entire ' The defense industry' sector was under unanimous selling pressure.

At 11:18, it was affected by the trend of the two major industry sectors of ‘big finance’ and ‘military industry’.

The two main lines of 'big infrastructure' and 'film and television media', which originally had some profit-making effects on the market, have also begun a relatively rapid downward correction trend. Among them, the 'big infrastructure' main line of 'building decoration, building materials, and commercial real estate development' Several major industry sectors suffered heavy losses.

Especially in the ‘commercial real estate development’ industry sector.

However, in just a few minutes, several real estate stocks that the "Yu Hang Group" paid attention to, such as "Kumho Group, China Land Development, Gemdale Group..." and other stocks, all suffered huge concentrated selling on the market. As a result, the stocks not only wiped out their gains, but also fell underwater.

At 11:19, when the intraday trading volume of ‘Huaxin Securities’ reached close to 7 billion, the market fell by 2.11%.

At 11:20, a number of recent popular stocks in the securities sector, such as 'Western Securities, Harbin Investment Capital, Xiangcai Securities...', which originally led the 'Securities' sector's oversold rebound in the early trading stage, also turned green across the board. It shows that selling has completely suppressed buying.

At 11:21, after ‘Blue Stone Reload’ fell to the limit again.

The check of "Huake Shuguang", which has a strong correlation with the trend of "Blue Stone Heavy Equipment" and is also known as the second big monster stock at the end of the year in the market, has no choice but to seal the limit after a continuous desperate struggle.

And these two core popular stocks in the "sub-new stocks" sector have dropped by the limit.

It also directly had a very bad impact on the market trend of the main concept theme of ‘sub-new stocks’.

under such a bad influence.

From this moment on, many near-end sub-new stocks began to weaken, and several of them followed the trend of 'Bluestone Heavy Equipment' and 'Huake Dawning', and got out of the downward limit trend with serious money-losing effects.

At 11:22, amid the sharp market turn, the Shanghai Stock Exchange Index turned green.

At 11:23, the main areas of "big finance", including banking, insurance, securities, and Internet finance sectors, all turned green and declined.

At 11:24, the intraday decline of the ‘Internet Finance’ sector reached the 3% mark.

At the same time, in the middle of last month, Flush Flush was a stock that was hyped up by five times by major financial groups and major short-term financial groups. At this moment, its market decline also expanded to the 5% mark.

And along with the 'flush', the market fell sharply.

A number of popular stocks within the sector such as "Oriental Fortune, Great Wisdom, Huake Financial, Changliang Technology, Yinjie Technology, Hengsheng Electronics..." also followed suit and fell sharply.

Among them, the check of ‘Hua Ke Jincai’ is even more affected by the check of ‘Hua Ke Shuguang’.

It plummeted directly, reaching 6% in one fell swoop, showing a limit-down trend.

At 11:25, the weak trend of the 'Internet Finance' sector quickly spread to the entire main line of 'Mobile Internet'.

So, all of a sudden.

‘Domestic software’, ‘network security’, ‘mobile payment’, ‘smart city’… and other related quota concept topics have been greatly affected.

Among them, the two major sector indexes are ‘cybersecurity’ and ‘mobile payment’.

The intraday decline reached around 2.5%, directly catching up with the decline of the ‘Internet Finance’ sector index.

At 11:26, after the half-day turnover of 'Huaxin Securities' exceeded the 7 billion mark, it finally began to stabilize within a 2% to 3% decline and no longer continued in the market. A number of weak concept stocks were linked to kill If it falls, it is likely to hit the short-term support level.

At the same time, the Shanghai Stock Index fell below 3,600 points and was hopeless to stabilize at 3,600 points.

After just over ten to twenty minutes of market decline and concentrated selling, it once again reached around 3580 points.

And also at this moment.

In the early stage, the check of Yingkou Port, the leader in macroeconomic strategic planning of the 'New Era Road and Maritime Silk Road', which was jointly hyped by various short-term capital groups, also fell in a straight line under the continuous heavy selling. It quickly hit the bottom limit, continuing to show an extremely weak position and an extremely tragic money-losing effect.

And it was affected by the limit drop of the "Yingkou Port" check.

At 11:27, the entire concept theme of 'New Era Road, Maritime Silk Road', as well as the so-called 'Eurasian Economic Belt', 'China-Japan-Korea Free Trade Zone' and other concepts of peripheral economic integration development, were suddenly discussed. During the period, they all suffered heavy setbacks. The selling pressure on the market was increasing, and the active buying power was obviously further exhausted.

At 11:28, the "Shanghai Sanmao" flash crashed, and the core concept theme of "Shanghai Free Trade Zone" also unsurprisingly showed a sudden trend amid the comprehensive correction of the entire "big infrastructure" main line.

At 11:29, the Shanghai Stock Index continued to fall below 3570 points, and the entire market fell further.

Finally, when 11:30 arrived, the two cities ushered in the midday closing time.

I saw that the Shanghai Stock Index almost fell by 1% despite all the intraday gains. However, the slightly stronger Shenzhen Index and ChiNext Index were not able to get out of the relatively independent trend under the weak trend of the Shanghai Stock Index. The market trend drove the Shanghai Stock Index to rebound strongly.

Even though 'Big Consumption', 'Mobile Internet', 'Smartphone Industry Chain', 'Pharmaceuticals', etc. are relatively strong, the market selling has not been such a big hot topic in recent days, and it has not been able to drive several major core indexes in the market. , out of the trough period of continuous adjustment.

As for the attention.

At the same time, it has also become the biggest drag on market trends, such as ‘big finance’, ‘big infrastructure’, ‘military industry’, ‘film and television media’, ‘sub-new stocks’ and other early popular main areas.

These core main lines, after a brief rebound, once again formed a comprehensive downward trend.

And this kind of trend pattern.

Undoubtedly, it is another huge destructive effect on the market's long sentiment.

Among them, the core sectors of securities, Internet finance, and national defense and military industry are still the main areas with the fastest decline and the most tragic trend in the entire market.

"Sigh, I feel like this market is really hopeless." Seeing the closing situation of the two cities at noon, at this moment, inside Yanjing Chenghua Public Fund Company, in the main fund product trading room, Gong Tiancheng, the fund manager, sighed helplessly and said, " Every rebound is the starting point of a decline. Looking at this, it will be difficult for the Shanghai Stock Index to stop for a while, and the support position of the two markets is very likely to be below 3,500 points. "

After hearing Gong Tiancheng's words, Zhou Qiang, the fund manager assistant who is the company's main fund product and the leader of the trading team, sighed helplessly and said: "Obviously, the Shanghai Stock Exchange Index has definitely not been adjusted in place at the moment. Can it hold on to the 3,500-point position?" , I can only say that the only good thing is that... the market and the corresponding core main lines of the two cities have fallen so hard, and there has not been too extreme panic selling. "(End of this chapter)