Chapter 1432 [The market will not calm down without a few typical sacrifices]
Tuesday, March 12th.
Following yesterday's strong reversal, today it directly covered the gap that opened low last Friday, and took advantage of the trend to create an upward gap that opened high.
Judging from the K-line combination of the NSE 50 Index, the gap that jumped short and opened high on February 25 came out of the "island-shaped" K-line combination, and last Friday plus yesterday's two K-lines, one yin and one yang, were in " A new "island-shaped" reversal trend emerged from the island-shaped K-line combination.
Today, the NSE 50 Index opened higher by +0.64% and returned to the 5,300-point mark through call auction. It retreated slightly during the session and did not cover the gap created upward, and then opened higher and moved higher.
Around 11:47, major market software pushed messages:
[The NSE 50 Index increased by +1.07% to 5345 points, continuing to hit a record high. 】
Those who cut meat at the spot last Friday, but did not buy the bottom, saw that it had reached a new high, all kinds of thighs were swollen, and I was short of funds and regretted not entering the market when I was bullish.
At around 13:39 in the afternoon, major market software pushed messages again:
[The NSE 50 Index continued to strengthen in the afternoon, with the increase expanding to +2.30%, reaching the 5,400 point mark in one fell swoop, setting another record high. 】
Seeing the NSE 50 Index reaching 5410.24 points at this moment, retail investors were dumbfounded. Why would they just pull back for one day? And then another record high? Where's the promised slow cow? What about the steady cow you promised?
This week I am afraid that it will not break through 5500 points directly. Many funds will be squeezed out and once again cannot help but chase higher and enter the market.
It fell back in late trading. The SGX 50 Index rose sharply by +1.96% today to close at 5392.00 points. The SGX market's full-day turnover was 1,079.7 billion, which was higher than yesterday and continued to set a record of consecutive trillion-dollar market transactions. Now It has been the 17th consecutive trading day that the single-day turnover of the SGX market has exceeded RMB 1 trillion.
…
In the new city, you can live quietly in a villa.
"...Look at this situation, if we don't bring a few typical people out to sacrifice, I guess the market won't be able to calm down." Tian Jiayi, who returned to the villa, was chatting with Fang Hong about the current market trend. After a while, she looked at Fang Hong and asked : “Will stabilization funds increase their efforts to release selling pressure?”
Hearing this, Fang Hong shook his head and said: "No, let's complete the implementation according to the original plan first. But you are right. Just shouting and quasi-fund moves can't suppress the bullish trend. We must bring out a few typical models to sacrifice." flag."
Tian Jiayi immediately said: "SGX is actively investigating capital allocation and leveraged funds."
Fang Hong nodded: "Report to me when there are results."
Trillion stabilization funds are now forced to make a lot of money, and are forced to sell high and buy low. Fang Hong is also quite speechless about this. Institutions that do not want to make money and do not aim at profit are making huge profits in the market.
However, the money earned by stabilization funds will ultimately be used to support the market.
Now there is nothing to be afraid of while rushing forward with leveraged funds, but Fang Hong is basically certain that when a few typical examples come out to offer sacrifices, the leveraged funds and over-the-counter funds entering the market will completely ebb, and the penalty of being banned from the market will be It has a strong deterrent effect on leveraged funds.
At this time, Tian Jiayi said: "According to the news from the SGX, preliminary results have been achieved in strict inspection of OTC capital allocation and leveraged funds. Now there is no problem in bringing out a few models to celebrate the flag. Do we want to implement it as soon as possible?"
Fang Hongyi heard that he rejected the proposal and said: "It doesn't work now. The deterrent effect of banning market entry is very strong. Those leveraged funds and capital allocations in the market will be very panicked that they will be banned from the market and evacuate collectively. By then, the market will continue to Falling is inevitable, and if you don’t hold on, it will lead to a collapse.”
After a moment of pause, Fang Hong added: "At that time, the stabilization fund must come out to support the market to prevent the market from falling off a cliff, but we, the stars, must not be blamed for supporting the market. The stabilization fund must first release the selling pressure. Let’s talk about it later.”
Otherwise, stabilization funds are forced to sell high and buy low. However, no matter how much money the stabilization fund makes, it will ultimately be to stabilize the market, and the money earned will not flow into the hands of any private institution, and the stabilization fund will The stronger the capital volume, the stronger the market's bottom-line strength, and the stronger the market's ability to resist risks.
The original intention of establishing stabilization funds is to stabilize the market. To put it bluntly, it releases selling pressure to cool down the market when it is too hot. When the market confidence is insufficient and the market continues to plummet, it massively injects liquidity to support the market to support market confidence.
…
In the next two days, the NSE 50 Index continued to make corrections, closing down -1.37% and -1.23% respectively. However, it rebounded and rose by +1.45% and +1.42% in the next two days, returning to the 5400 point mark again. It closed at 5404.05 points, which did not reach a record high.
As of Monday, March 18, after the SGX 50 index returned to 5,400 points, the SGX market maintained a trillion-dollar market turnover for 21 consecutive trading days.
The next day, Tuesday, the 19th, the SGX 50 Index pulled back slightly by -0.37%, closing at 5384.30 points. Today, the turnover of the SGX market shrank to 993.9 billion, and the continuous trillion-dollar market transactions stopped at 21 trading days.
In the next three trading days this week, it fluctuated sideways at a high level between 5,400 and 5,370 points, and the trading volume further shrank to more than 800 billion. From the perspective of volume and energy, it seems that the funds are not rushing so fiercely. .
However, the index did not break through and is still running near the historical high of 5,400 points.
Next week, the SGX 50 Index began to pull back continuously, falling -1.43% and 1.09% on Monday and Tuesday respectively, losing the 5,300-point mark, and then fluctuated between 5,255 and 5,295 points in the next two days.
…
Friday, March 29.
The market opened today, and the three major stock indexes were quite stable before 10 o'clock in the morning, but after 10 o'clock, they rose unilaterally again, without any weakness.
Yesterday was Thursday, May 28, and the SGX Trillion Stabilization Fund announced that the 500 billion fund operation had been completed. The various funds in the market reached a consensus, and the biggest selling pressure was gone!
During this period of time, the market adjusted, and many funds were waiting after May 28, because the Stabilization Fund had announced long ago that the subsequent 500 billion chips would be released by May 28, and yesterday it also issued an announcement on time to complete the full selling.
The biggest selling pressure in the market disappeared.
This was like a signal of ignition, and the funds started the explosive pull mode again.
Even in the comment area of major stock forums, there are a lot of stockholders who directly shouted: The stabilization fund has been sold out, the biggest selling pressure is gone, go for it!!!
In addition to the "good news" of the stabilization fund selling pressure, a series of good performance has appeared one after another, and major listed companies have begun to announce their annual reports.
Just yesterday, seven listed subsidiaries of Kunpeng Technology, Bionic Power Company, Maker Square, Matrix Quantum, etc. announced their 2018 performance. The report card is very impressive, generally slightly exceeding expectations, and there are even Bionic Power Company's performance that seriously exceeded expectations. The company's final annual report performance showed a net profit of 17.933 billion yuan in 2018, which is more than 100 million more than the previous annual report performance forecast announcement.
In addition, several securities companies announced their 2018 performance last night. Without exception, their performance has soared sharply. With such a large market trading volume, it is a market consensus that the performance of securities companies is not bad. This year's trading volume is even more explosive. It was originally expected to be fulfilled, but because of the market's bull market expectations at the beginning of 2019, the performance expectations have been further strengthened.
Securities companies and other large financial stocks also led the three major trading markets all day today.
Today, the Shanghai and Shenzhen stock markets are stronger than the SGX market, but the SGX 50 Index is not too weak. It has regained the 5,300-point mark again and returned to the trillion-yuan market.
As of the close, the SGX 50 Index rose +1.82% to 5,358.31 points; the Shanghai Composite Index rose +3.20% to 3,090.76 points; the Shenzhen Component Index rose +3.77% to 9,906.86 points. The three major markets had a total transaction volume of 1,839.9 billion.
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