Chapter 1665 [Let the market come to an end]

It must be said that Feisheng Technology was in good time. It was listed during an unprecedented super market. The company with a market value of more than 2.7 billion yuan could see its market value soar to nearly 180 billion yuan, which was a market value that did not belong to it at all.

If it were in normal times, the peak market value on the first day of listing would reach more than 6 billion or 7 billion yuan, and a two or three-fold increase would be the best.

Even if this company becomes the leader in its own sub-industry in the future, its market value will only be around 50 billion yuan, and it is impossible to reach a height close to 180 billion yuan. In other words, today's highest price is the cosmic top of this stock. It is impossible to break through and set a new historical high even if it is delisted. The real listing is the peak.

As the time closed at 15:00, the Xinzheng 50 Index soared +13.12% to close at 15027.53 points. Although it did not break the index limit today, it was still a super big positive line.

The trading volume of the SGX market today set an unprecedented record in the history of A-shares, with a total daily trading volume of 5215.4 billion.

After the market closed, the entire network was discussing the stock market, not only domestic investors, but also foreign investors. The crazy market of the SGX market in the past week has long attracted the attention and discussion of global investors worldwide.

Foreigners have never seen such a rise, and they are all stunned.

In just 5 trading days, the SGX 50 Index soared from the lowest point of 8331.29 points to the current new historical high of 15306.20 points, with a maximum range increase of +83.72%.

The six SGX 50 ETFs all doubled in these 5 trading days, among which the one with the largest increase accumulated to +118.50%, and the relatively weakest one also had a cumulative increase of +116.42%.

Because there were 4 consecutive 20cm daily limit in 5 trading days, today is also +20% daily limit. Although the index has not seen a +20% daily limit once, the Xinzheng 50ETF has a continuous +20.00% daily limit.

…

The next day, Tuesday, May 11.

The A-share market opened today, and the Xinzheng 50 Index opened high again, opening at 15887.23 points, +5.72%. This trend made everyone doubt life.

Could it be that the market index will rise unilaterally to more than 20,000 points in one breath?

Countless people in the market had such thoughts.

However, when the market opened at 9 o'clock, the Xinzheng 50 Index quickly plunged, with a large volume and a large drop. About 20 minutes after the opening, the index turned green and further dropped. At 9:33, the index dropped to 14206.09 points, and the decline widened to -5.46%.

Such a plunge further released the profit-taking funds to cash out and withdraw, but it did not continue to fall, and then it rebounded in a V-shape again.

The buying funds were too fierce.

The first negative reversal of the bull market was expected by many people, and the core stocks in the front row were still as stable as a dog.

Moreover, the current market is moving very fast, and the rhythm is far from that of 2015 or 2007. Many investors felt that the market in July last year was 3 times faster than that in 2015, and the rhythm of the current round of bull market is 5 times faster than that in July last year.

The current market rhythm is about 15 times faster than that in 2015. Inaccurately speaking, the market that took 15 trading days to complete in 2015 is now completed in only 1 trading day.

With such a rapid rhythm, those who react slowly and hesitated, whooshed up.

If the previous market rhythm is followed, the continuous surge and the first negative, the divergence will have to form a unified force to reverse the next day, and it may take until the third day to close the bottom cross star K.

But after more than half an hour of divergence in the morning today, the funds did not want to wait for the next day, and started to reverse directly during the trading session, even though a large wave of reverse momentum had been consumed yesterday. You should know that yesterday was also the high point of emotions during the trading session, then divergence, and then reversed and rushed higher.

In this case, today is still strong, and the market seems unwilling to pull back at all, and wants to finish the market in one breath.

As of the close, the SGX 50 Index has a long lower shadow bottoming K line. Although it closed the first negative, it is a true positive and false negative line. It closed up +1.49% after the market, at 15251.27 points. The full-day transaction volume of the SGX market has once again set a record, blasting out a jaw-dropping 5.7 trillion.

The next day, Wednesday, although the New Securities 50 Index opened low in the morning, it strengthened again during the day and finally successfully reversed yesterday's first negative entity to set a new historical high. It rose by +5.06% after the market closed to 16023.11 points.

The New Securities 50 Index has once again stepped onto a new level and stood on the 16,000-point integer mark. However, today's trading volume has shrunk to 5.5 trillion, which is about 200 billion less than yesterday.

On the last trading day of this week, the New Securities 50 Index opened flat and consolidated, and then fluctuated higher again, hitting a historical high of 16721.76 points during the day, and fell slightly in the late trading. It closed up +2.96% after the market closed at 16497.81 points. The SGX market's full-day trading volume reached 505 million, which shrank again, and the volume was reduced by nearly 500 billion compared with the previous trading day.

However, it still maintains a terrifying volume of 5 trillion. This is the first time that the daily turnover of the SGX market has exceeded 5 trillion. The transaction size has been above 5 trillion for three consecutive trading days.

…

"Do you want to suppress the fire? If such a unilateral rise continues, I am afraid that it may reach the 20,000 mark within the first half of the year or even before mid-June." After the market closed, Tian Jiayi, who returned home, was talking to Fang Hong. Market issues.

"The market will definitely go up to 20,000 points, but not in the first half of the year." Fang Hong said with a smile: "But there is no need to suppress it deliberately. As long as we don't continue to ignite the fire and take the initiative to go long, we can do something as big as 5 trillion a day. If we don’t take action, the market won’t last long.”

If this period of index-level super main rise is to reach over 20,000 points in one go, it will only be possible unless the subsequent trading volume has to double again, which means that 10 trillion yuan of energy can be produced in one day. It cannot be rushed, because the amount of funds required to support such a market will double exponentially in the future.

But it is obviously unrealistic and impossible to achieve the level of 10 trillion at the moment.

It is not impossible. Unless Fang Hong acquiesces in the influx of over-the-counter capital allocation and high-leverage funds, it is not impossible to generate 10 trillion yuan in one day, but it can definitely be achieved.

However, it is obviously impossible for Fang Hong to allow the crazy influx of over-the-counter capital allocation and high-leverage funds, and he is already preparing to launch a sacrificial move, because now leveraged funds and over-the-counter capital allocation have appeared again in the market.

"Then confirm 16721.76 as a phased peak and let this market period come to an end." Fang Hong made the decision immediately. He did not require that the NSE 50 Index must reach 20,000 points this year, but there must be some left. There is room for growth in the second half of the year.

If the main wave in this section consumes all the space height in one breath, there will not be much space in the second half of the year.

The current period of super main rising wave has 7 yangs in 8 days. In fact, it has been rising in 8 consecutive days for 8 days, because the only day when the negative line closes is also a false negative line, which actually rises.

…