Chapter 365: Buying and Selling Points!

"Open low, make up for the fall!" Seeing the initial call auction situation of the market, Li Meng, who was staring at the market in the trading room of Yuhang and Yuhang Investment, also showed an obvious look of surprise in his eyes, "Under the stimulation of the good news, the mood It’s really unexpected that he is so weak.”

"It's not surprising." Su Yu stared at the market conditions on the big screen in the trading room and said, "The external market has fallen sharply for two consecutive days, which has sent a very bad signal. In addition, the market fluctuated violently yesterday, and it has never been able to reach 2200 points. "

“As for the two main lines of ‘state-owned enterprise reform’ and ‘infrastructure construction’, they were suddenly weaker than the broader market.”

"This is also the reason why the accumulated short-term profits in these two major fields are obviously more than those in other conceptual fields in the two cities. At the moment when the overall market sentiment is low and chips are loose, the differentiation form of these two major fields and the situation of fund selling will naturally It will also be larger than other conceptual fields.”

"but……"

Su Yu paused for a while and continued: "As I said before, there is no need to be pessimistic."

“The trend of U.S. stocks can affect the opening sentiment of A-shares, but it cannot affect the emotional trend of the stock market throughout the day, as well as the main capital activities. Furthermore, U.S. stocks fluctuate and adjust from high levels, while A-shares start from the lowest position, with extreme valuations. The value is low and upward, and there are essential differences between the two in terms of overall trend shape."

"And from a macro perspective, the domestic economic structure and growth momentum are far stronger than those in the United States."

"So, no matter which aspect you analyze, there is no reason to be pessimistic."

"Also, the two main lines of 'infrastructure' and 'state-owned enterprise reform' will take advantage of this wave of panic in the periphery to make differentiated adjustments. On the contrary... if this wave of adjustments is sufficient, market sentiment will pick up in the future. , the height space you can come out of will exceed expectations.”

"In this case, is it a good thing for the main line market to open lower and make up for the decline?" Li Meng didn't quite understand and asked in confusion.

Su Yu nodded and said: "Everyone knows that the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' is hard, there are expectations, and there is room for imagination. So the main funds that entered the market in the past few days have been holding on to it. , there is no bargaining chip at all, so do you think these two main lines of market can create space under this situation?"

"Any mainline market trend will not go far without the continuous exchange of chips."

"There are too many people riding sedans in the venue. People outside the venue can't lift them, so they naturally won't lift them. This principle of speculation is applicable whether it is short-term emotional speculation or long-term trend speculation."

"Where there are differences, there will be market trends."

“Often the divergences in the market are where market trends occur.”

"Because the differences mean that the exchange of chips is sufficient, it means that new synergy in the market is brewing and forming."

"Looking at the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', after continuous sharp rises in recent days, short-term profit orders have been piled up heavily on the market. These profit orders are not in the turbulent divergences of the market. Such a heavy sedan cannot be lifted by the incremental funds that are constantly following up outside the market, and even if it can continue to be lifted for the time being, the space for a forced upward attack will be greatly reduced. "

"Nowadays, the external market has plummeted, and the mood on the market has once again been sluggish due to the superposition of various factors."

"Short sentiment has once again suppressed the market."

“Under such a situation, the part of the funds that have already made profits on the market, considering the possible decline or even the risk of a collapse in the market, will have a stronger desire to take profit and stop losses than those investors who have not gone too deep and have to cut their positions and stop their losses. After all, under the shadow of the bear market atmosphere and the flaws of human nature, profit chips are often not as good as loss chips."

"Originally, I was still thinking..."

"If the opening sentiment continues to surge in today's market, and the market chips on the two main lines of 'state-owned enterprise reform' and 'infrastructure construction' cannot be washed away, we can appropriate a small part of the chips to suppress market sentiment and act as short bait. Now Let’s see…it’s no longer needed.”

When Li Meng heard Su Yu's words, he looked at him in surprise and said, "So, today's trend is taking advantage of your wishes?"

Su Yu laughed softly and replied, "You can say that!"

While the two were talking, the market trading time had moved to 9:18.

After three minutes of initial collective bidding, I saw that in the two main conceptual areas of 'infrastructure' and 'state-owned enterprise reform', the selling of related popular stocks became more and more heavy, and the stock price performance became lower and lower, and even...core hot stocks Among stocks, Beixin Road and Bridge, which is regarded as the conceptual leader of the two cities by the majority of investors in the market, has seen its premium rise from 8% at 9:15 to 3 with the support of Su Yu's "Fusheng Road" seat. % increase, and continues to fall as time goes by.

As for other popular stocks with core concepts such as Shibei High-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development, and Kumho Group, which hit the daily limit yesterday.

The premium at this moment is almost nonexistent.

Among them, China Fortune Land Development and Kumho Group have turned green, and their stock prices have gradually fallen into deep water.

"But looking at the market trends of these two main lines, it is indeed a bit scary." Li Meng continued to keep his eyes on the market trends of the two cities.

Su Yu responded: "It's not scary. How can it attract selling from all walks of life and generate a large number of changes of hands?"

"Master, yesterday's opening was the highest point of market sentiment throughout the day. Today's opening is probably the lowest point of market sentiment throughout the day, right?" Liu Yuan, who was also staring at the market seriously, continued, "You said, the market's buying and selling points They often coincide with emotional nodes, which means today’s opening should be the day’s buying point, right?”

"It's hard to tell whether it's the lowest emotional point of the day, but it's certainly close to the low point." Su Yu responded to Liu Yuan, "If you want to buy a small position at the opening and do T, there should be nothing wrong."

"Hey, Mr. Su..." While Su Yu was responding to Liu Yuan, Zhao Lijun suddenly interrupted and said, "Although there is a general correction in the fields of 'state-owned enterprise reform' and 'infrastructure' today, what changed at the end of yesterday's trading was what you call low-level compensation. Those fringe junk concept stocks that have been rising based on the concepts of 'state-owned enterprise reform' and 'infrastructure' have performed well, and two or three stocks have actually opened sharply higher, and there is a lot of competition for funds on the market."

"No one paid attention to these tickets before. In addition, the position is very low, and there is no internal profit margin to suppress the market. All the popular leading tickets have corrected, and the basic logic of the two main lines of 'infrastructure' and 'state-owned enterprise reform' has not been broken. Next." Su Yu said, "It's not surprising that hot money concentrated its efforts and chose this place to switch between high and low."

Although the external market plummeted, leading to a return to sluggish internal sentiment, and the market opened sharply lower, which was somewhat beyond his expectation, the overall changes in the market, and even the changes in the market's main funds during the call auction stage at the beginning of the day, The flow and attack position were similar to what he expected.

"China Railway and MCC have opened as low as 3 points." Seeing that the call auction time was approaching 9:20, Li Meng frowned and asked, "Do we need a helping hand? It feels like it's falling like this. After yesterday’s sharp market shock, many long investment sentiments have been weakened, and there are signs of a complete collapse!”

Su Yu shook his head and said: "No, there are more smart funds in the market than we thought. We didn't get chips at low positions before, and there are more over-the-counter funds than we thought. We were able to make hundreds of billions yesterday." The market turnover proves that the market’s ability to undertake is much stronger than we thought.”

"Be a T with a small position, just watch the show carefully!"

"The Shanghai Stock Index's narrow shock range from 2140 points to 2180 points will not be broken."

As he spoke, the time quickly passed 9:20, and the two cities entered the real collective bidding stage where orders cannot be canceled.

After a large number of order withdrawals at the last minute, the sluggish state of the two cities was better than the call auction state of the previous five minutes. Although the number of low-opening stocks still remained at around 75%, there were already conceptual sectors A red plate has a money-making effect.

Of course, the two main core concepts of 'infrastructure' and 'state-owned enterprise reform', which have been weak since 9:15, are still weak at this moment.

The major sector indexes of building decoration, building materials, steel, and real estate all opened lower, reaching more than 1.5%. Among them, the steel sector was the weakest, with a decline of 1.83%, while the 'state-owned enterprise reform' concept sector index also fell by 1.83% at this moment. It opened lower by 1.43%, and about 90% of the stocks in the sector opened lower.

Immediately afterwards, as the collective bidding time of the two cities passed.

The overall pattern of the two cities, and even the performance of industry sectors and concept sectors, have begun to stabilize. The number of selling orders and the number of buying orders have increased simultaneously. The long and short forces seem to have reached a balance after the market opened sharply lower. Panic selling Emotions no longer continue to spread.

"It doesn't feel... that bad!"

Seeing that the market call auction situation was gradually stabilizing, at 9:22, in the fund trading room of Zexi Investment in Shanghai, Zhou Kan exhaled a long breath and said calmly: "I thought it would open at least 2 points lower, but I didn't expect it. ...Better than expected!”

"It's indeed better than expected!" Xu Xiang nodded slightly, "It seems that the market is indeed not easy to fall at this position."

"However, today's sentiment on the two core market lines of 'infrastructure' and 'state-owned enterprise reform' is not very good." Zhou Kan continued, "I am afraid that these two main lines will have a sharp correction today."

Xu Xiang smiled softly and said, "It's a good buy!"

"Buy some?" Zhou Kan asked in surprise.

Xu Xiang nodded and continued: "If you look at the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform,' the vast majority of popular stocks opened lower, are they the same as the lows of yesterday's huge intraday fluctuations?" The location is about the same?"

Zhou Kan clicked on the K-line trend of a number of core popular stocks on the main line of "infrastructure" and "state-owned enterprise reform" such as China Railway, China Metallurgical, Huagong International, China Communications Construction, China South Locomotive, China North Railway, and Pudong Construction. After taking a look, I did find that today's call auctions for these stocks opened at a low range, which coincided with the low point of yesterday's intraday earthquake. I couldn't help but be very surprised and asked: "What does the boss mean...are these stocks still unable to fall?" "

"Obviously, the low-level takeover power of these tickets is very strong." Xu Xiang said, "There are countless people on and off-site who want to attract low-level funds for these two main lines, and there are more people who want to buy low-level tickets. There are obviously not enough people who want to sell, so it will be difficult for the stock price to fall significantly."

"In addition, the emotional impact of the external market is short-lived."

"The Shanghai Stock Index has continuously rebounded from low levels with strong positive lines, which has established the rebound trend and expectations. At the same time, it has generated sufficient market trading volume in the past few days, activating market investment sentiment and money-making effects. How can such a situation be outside the market? Can the fight be continued with a brief emotional impact?"

"Each financial trading market has its own trends and trends."

"Global financial markets, although there is linkage, do not rise and fall in unison."

"A-shares have just experienced extreme emotions and hit the market bottom. Now that a rebound trend has formed, it will not suddenly reverse again."

"That's why I say today's low sentiment is a good buying point, not a selling point."

"Then we..." Zhou Kan paused after hearing Xu Xiang's words and continued, "Continue to increase our positions along the two main lines of 'infrastructure' and 'state-owned enterprise reform'?"

Xu Xiang nodded with a smile and said: "Yes, continue to increase positions!"

"Okay!" Zhou Kan felt that his trading thinking was still a little behind Xu Xiang's, but this did not affect his resolute execution of Xu Xiang's instructions.

So, after he responded.

The next moment, he turned sideways to the traders behind him and issued instructions to continue buying the relevant target stocks.

And as Zexi Investment increased its positions...

Reflected on the market, when the call auction time passed 9:23, the fields of 'infrastructure' and 'state-owned enterprise reform' opened sharply lower, and related popular stocks and core stocks, active buying on the market began to increase rapidly. , the low opening range also decreased rapidly.

Finally, when 9:25 came, the collective bidding in the two cities ended.

The 'infrastructure' core industry sectors such as building decoration, building materials, steel, and real estate, as well as the 'state-owned enterprise reform' concept sector, have recovered almost one-third of the decline compared with 9:20, and the relevant indexes have returned to 1 % to a 1.2% decline.

As for the popular stocks and core stocks in the two major fields.

The lower opening range is usually between 1% and 2%, which is not lower than the lowest point of the lower shadow line on yesterday's K-line pattern.

And as the stock of "Beixin Road and Bridge" that has set the only three-connected board height in the two cities.

It also rose sharply in the last minute of the collective bidding, and finally opened 4.75% higher, with more than 8 million transactions, maintaining a strong state.

In addition to the two core main lines of ‘infrastructure’ and ‘state-owned enterprise reform’ that have attracted much attention from market investors.

Other industry sectors and concept sectors in the two cities also recovered a lot of losses from low openings in the last two minutes of collective bidding. The final low opening ranges were mostly distributed between 0.5% and 1.3%. Of course, among these sectors, , the consumer and pharmaceutical sectors are in rare red territory.

Under the influence of all these industry sectors and concept sectors.

The major market indexes, which everyone originally thought would open sharply lower, have accordingly maintained a relatively stable posture, with their lower opening ranges all within 1 point.

Among them, the Shanghai Composite Index opened 0.79% lower, reporting at 2158.16 points.

The Shenzhen Stock Exchange Index and ChiNext Index opened lower by 0.81% and 0.86% respectively, with several major indexes swallowing up yesterday's gains.

Faced with such an opening situation, the majority of investors in the market are either surprised, disappointed, or panicked... The long and short sentiments are still intertwined, and the short sentiments still clearly have the upper hand.

"Hey, it's still so low, I'm speechless!"

During the brief suspension period when the market was approaching the official trading stage, some investors complained in the discussion area of ​​the stock trading platform.

"Although it opened lower by nearly 1 point, it is much better than the 4-point drop in US stocks last night. A-shares are already weak, and there is no requirement for big A to move independently. Today, it can stabilize at this position. , it’s a victory.”

"The key is not the low opening range of the index, but the two main lines of 'infrastructure' and 'state-owned enterprise reform', which clearly show signs of collapse!"

"Indeed, today's performance of the two core main lines of the market, 'infrastructure' and 'state-owned enterprise reform', in the call auction was significantly lower than expected. Damn... There were a lot of these two core main lines last night. It’s so exciting, it’s actually like this today.”

"Judging from the entire collective bidding, the main funds of these two core main lines are clearly showing signs of retreat."

"It has been rising sharply for three days in a row, why don't you let people adjust it? These two main concepts are making up for the decline today. I feel it is normal, and... to be honest, it didn't fall much, right?"

"It's not a question of whether it has fallen a lot, but... these are the two main lines. In recent days, for the first time, it has underperformed the Shanghai Stock Index and the broader market. In a weak market, such performance should cause alarm."

"I also feel something is wrong. I have already sold half of my position in the call auction. I used to do roller coaster. I finally caught the market this time. I can't do roller coaster again. However, I feel that the market of these two main lines has not finished. If it goes back to the low position again, I will take back the half of the chips I sold."

"My Beixin Luqiao is also half out of the position. The three consecutive boards in front of this check are so strong. Today's call auction almost opened at a low price. This is still the case with the support of Mr. Su's 'Fusheng Road' seat. I feel... this The check also needs to be adjusted, wait for it to fall and do the second wave of prices.”

"Beixin Road and Bridge are okay, Shibei Hi-tech, Waigaoqiao, Shanghai Sanmao, China Fortune Land Development...these tickets that were closed to the daily limit yesterday are experiencing strange trends today. With the support of the good news, there is no premium at all and they are still open at a low price." Why don't you sell it and keep it? I can see that today's market conditions are definitely not on the two main lines of 'infrastructure' and 'state-owned enterprise reform'. In other words, these two main lines should indeed be adjusted."

"Medicine and consumer collective bidding are doing quite well."

"As for the safe-haven sector, if market expectations differ, pharmaceuticals and consumption will appear slightly stronger."

"This also shows in disguise that the main funds in the market are not optimistic about today's market trend, right?"

"It feels like the Shanghai Stock Exchange Index will really step on the 2,000-point support, reaffirming the bottom of the market, and the external trend is very bad. The U.S. stock market is a bit decapitated at high levels. At this time, it is always good to be cautious."

"In today's market, if there are profits, you can pick up after reaching the low position. If you are stuck, there is no need to move."

"Hey, I hope the market can stabilize. I finally got a mouthful of blood, but I can't give it back again!"

"It doesn't feel that bad, right? In the last two minutes of the call auction, there are obvious signs of major funds rushing to raise funds. Maybe... the market will reverse again today."

"Let's look at the next performance of Beixin Road and Bridge. This check is the highest bidder in the market. If it can make room again, then there may be hope for a market reversal."

"The two main lines of 'infrastructure' and 'state-owned enterprise reform' clearly have long and short differences today. It is extremely difficult for Beixin Road and Bridge to achieve a four-board height, but... it is not impossible, as long as Mr. Su's recovery Lu' has once again strongly increased its position, and I believe other major funds will follow."

In the heated discussion between long and short...

The 5-minute brief suspension time passed by in a flash, and at 9:30, the two cities ushered in the official trading period.

I saw that the stagnant market of the two markets had just begun to beat. After 5 minutes of brewing, the market began to change rapidly. Among them, the stock of 'Beixin Road and Bridge', which was the core focus of the market, exploded with five consecutive million-dollar prices in one minute. The large buying orders directly pushed the stock price up to around 8% in a flash, which stunned investors who were bearish on the stock and rushed to sell it during the call auction.

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