Chapter 401 Market divergences reappear!

Amidst the concentrated explosion, the Shanghai Stock Exchange Index surged upward within 30 seconds after the market reopened, reaching a straight line of 2481.39 points, setting a new intraday high and a new high for this round of rebound, bringing the day's gains to a rapid pace. It has reached the 2% position, getting closer and closer to the important mark of 2500 points.

However, the next minute.

At 1:01, after briefly hitting 2480 points, the Shanghai Stock Index turned around and quickly fell.

Immediately afterwards, at 1:02, a number of high-priced stocks in the two popular core main areas of "infrastructure" and "state-owned enterprise reform" began to further explode in volume, and active selling orders on the market showed a trend of substantial increase.

At the same time, other main line areas are directed.

For example, in the fields of "growth stocks" such as the small and medium-sized board and GEM, "big finance" and "cyclical non-ferrous" fields, especially the core mid- and large-cap stocks that are heavily held by institutions, there are also instantaneous concentrated selling, which affects each stock and related stocks. The industry sector index formed a suppression.

At 1:05, the Shanghai Index returned to below the 2476 point, giving up all the gains made within a few minutes of the opening.

At 1:06, a group of "infrastructure" core stocks such as Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, and Huaguo China Construction fell rapidly under the concentrated selling. Among them, Huaguo MCC appeared After seeing the scene of 100,000 lots smashed on the daily limit board, its daily limit board opened.

At 1:08, with MCC's explosion, the market's extreme enthusiasm showed signs of subsiding.

At 1:10, the Shanghai Stock Index fell back below the 2470 point, and the increase retraced to around 1.5%. At the same time, the daily limit stocks in the two cities also dropped from nearly 60 to about 50, and several stocks experienced a blowout situation.

At 1:15, Huaguo Construction's growth fell back to 5%, and its transaction volume exceeded 1.3 billion.

At 1:17, the market's time-sharing capacity was depleted, the concentrated selling on many popular stocks began to subside, and the gains in indexes and individual stocks also began to slowly rebound.

"Why do you always feel like you're short of breath?"

Seeing the market plummeting for no reason at the beginning of the afternoon session, some retail investors on the stock trading forum where the discussion was intense felt helpless.

"The range of 2400 points to 2500 points was originally the peak area where the index fell from its high level last year. The hold-up was extremely heavy, and the intraday trend was repetitive, which is normal. Look at yesterday and the day before yesterday, when the index broke through upward, wasn't it also full of difficulties? Will the fluctuations continue? But looking at the overall situation... in fact, after the index entered the range of 2400 points to 2500 points, no matter how it fluctuated, the central support center of gravity has been rising. "

"If you look carefully at the K-line trend of the index, it is indeed constantly fluctuating and rising."

"There is nothing to worry about. No matter how volatile the market is, the index will continue to rise. After all, the upward trend has been formed. There are no major negatives and it is difficult to change."

"The Shanghai Composite Index is only one or two points away from 2,500 points. Either today or tomorrow. Anyway, this week, the Shanghai Composite Index will definitely reach 2,500 points."

"After the previous lesson, no matter how the market shakes now, I will hold on to the chips in my hand."

"Shock it, shake it. Maybe when the Shanghai Index attacks 2,500 points, the pressure will be lighter."

"Just keep an eye on the trend of Beixin Road and Bridge, the most popular stock in the two cities. This check is the highest speculation target in the market. As long as the price of this check has not ended, the prices of the two core main lines of "infrastructure" and "state-owned enterprise reform" will It is definitely not over, and given the recent situation...the Shanghai Stock Index is completely supported by these two main lines, as long as the two core main lines of "infrastructure" and "state-owned enterprise reform" do not end, then the upward trend of the index will naturally It’s not over yet. We are firmly optimistic that the Shanghai Stock Index will hit 2,500 points! "

"We are also optimistic. This wave is definitely the start of the bull market."

"Those who are willing to sell, please sell now. I will wait for those who sell at this time to recover their chips when the Shanghai Stock Index reaches 2,700 points or 3,000 points."

"You're so scared at the slightest sign of trouble? That's it!"

"This diving is so normal, obviously

It is the main force in the market that is conducting the final wash. "

"What are you afraid of? Several popular main lines in the market, as well as related concept sectors, are still experiencing large net inflows of funds. The Shanghai Stock Exchange Index's 2,500 points is not a problem at all!"

"Everyone, the pattern, the pattern needs to be opened!"

"Holding stocks is inherently the most difficult. I suggest those who are unsure not to read the market now to avoid being nervous."

"It's a normal adjustment, just watch. At the close, even if the Shanghai Stock Index cannot touch 2,500 points, it will definitely be able to set a new intraday high."

"Today will definitely be a positive trend, so there is no need to worry at all."

"Here we have to lure the short side and clean up the floating chips, so that there won't be so much selling pressure during the final attack. So a short dive is very normal."

"MCC's fried panels mean nothing."

"Look, isn't the index rising again? Let me tell you...it's stupid to rush to sell funds at this time!"

"Anyway, I'm on the Dragon and Tiger list. If I don't see Mr. Su sell my seat, I will never hand over my chips easily. After all, I have suffered a lot of losses before."

"In a market with an upward long-term trend, if you want to make the most profit, you have to cover your stocks!"

"Yes, the bull market is coming, and you must stick to it in order to maximize profits."

"Look at the market sentiment, look at the trading volume, I really don't believe that we can't get 2,500 points."

"Everything we look at is positive, both inside and outside the market. And when I passed by the brokerage business department yesterday, I observed that the number of people opening accounts is obviously increasing."

"Yes, there are still many people who have not entered the market. There will definitely be big market trends in the future."

"The "Nine Articles of the New Country" are the engine of the market's bull market. We are firmly optimistic and firm in holding shares. This time... we must hold on to the high-quality chips in our hands no matter what. "

At a time when many retail investors are not at all concerned about the market's short-term heavy-volume plunge, and continue to be optimistic about the market outlook, with excitement, and have great optimism and expectations for the Shanghai Stock Exchange Index to hit 2,500 points, and even the "bull market pattern", at this time In some internal discussion groups of major hot money players, many major hot money players who have a keen sense of the market situation feel a shiver in their hearts and have a hint of worry.

For example, in the main hot money group of Yuhang where Su Yu is...

A large hot money investor from MCC Huaguo quickly asked in the group after MCC Huaguo's massive blow-up: "Is there any negative news in the market? Why did it suddenly happen? There was so much selling in many core blue-chip large-cap stocks."

For the collection of market news intelligence, although most of the main hot money players have certain advantages.

But for news of decision-making changes like the "IPO restart" that comes from within the regulatory authorities, large institutional groups with state-owned assets background still have priority in obtaining information much faster than them, so...the relevant rumors only started When it is spread from the inside to the outside, they will not know it in time. They can only make side guesses based on the flow of funds on the market and the changes in stock prices, and use their own information channels and connections to verify.

"Everything is calm, there doesn't seem to be any bad news, right?"

"There seems to have been a wave of concentrated selling of large-cap blue-chip stocks just now, and most of them are core stocks in the two main areas of "infrastructure" and "state-owned enterprise reform." Among them... Mr. Su holds a lot of stocks! Could it be...that Mr. Su had reduced his position and cut his profit in advance? "

"Could it be Mr. Su? But Beixin Road and Bridge, a concept stock that Mr. Su has heavily invested in, hasn't moved much!"

"Beixin Road and Bridge's trading volume today is also quite explosive. Mr. Su's position in this stock should total about 120 million. According to Beixin Road and Bridge's trading volume today, it can be earned."

"Huaguo MCC is indeed a component stock heavily held by Mr. Su, but the main force behind this check is not only Mr. Su, but also the seat of leader Zhang. The 100,000-lot sale just now is not necessarily Mr. Su's handiwork. , and according to Mr. Su’s sharp tactics, once the more than 10 billion chips in his hand are sold, it will not only cause this small fluctuation. "

"What's going on? I...have a bad feeling in my heart!"

"Don't worry. Generally speaking, the popular mainline concept stocks in the entire market are quite stable, and there are not many rapid dives and blowouts."

"2500 is just around the corner. With such strong market expectations, there is no reason not to touch it, right?"

"I always feel that there is some potential negative market effect."

"After the market entered 2400 points, it has been going very smoothly in recent days. I don't think I need to worry too much. Looking at today's trading volume, it is obvious that market liquidity is climbing rapidly. In this case, even if the market suddenly encounters It’s bad, and it’s easy to get out of the position.”

"Yes, as long as it's not like the previous liquidity depletion situation, I'm really not afraid of bad news."

"Let's take a look again. The plunge just now was indeed a bit strange, but we still can't tell what happened. Let's see how the market reacts later."

"There are a lot of major funds that are continuing to increase their positions today. I feel that the index should continue to surge upward."

"Today's market should not fall much."

"As for whether Mr. Su sold his chips during the market, there should be traces on the Dragon and Tiger rankings after the market."

"The energy is still high, don't be in a hurry."

"Hey, I don't feel right either. I'm too timid to retreat first."

"I will stay for a while longer. I feel that the high point of this wave of the index will be above 2,500 points. Moreover, the Beixin Road and Bridge check has become a big monster. Maybe it can become a 5x or 10x bull stock, and I feel that Mr. Su will most likely lock up the warehouse today, otherwise Beixin Road and Bridge would not have been so firmly sealed today."

"It feels like in the wave just now, the selling was all stocks that were heavily concentrated by institutions. There may be some negative effects."

"These organizations are too stubborn. They all want to sit in the sedan chair, but no one wants to carry the sedan chair or assist."

"I originally wanted to raise my hand again to help the Shanghai Index hit 2,500 points. But after hearing what you said...I started to hesitate again."

"Let's take a look at the changes in market volume and market trends in the next hour or so!"

"Yes, I won't take this time."

Under the keen market perception of hot money, everyone's trading strategies began to diverge.

And such differences are reflected on the market, that is, when the market trading time enters 1:20, the time-sharing capacity of the entire market has obviously further weakened, and the main funds of all parties have begun to be cautious in making moves, while the majority of retail investors The groups are still actively increasing their positions and following the trend at high levels.

At 1:25, MCC tried to seal the daily limit, but there was no strong main force to seal the market together. As a result, even if the stock price was temporarily pushed up to the daily limit, it could not be sealed.

At 1:26, China Metallurgical Co., Ltd. once again encountered a large amount of concentrated selling, and the stock price also fluctuated and fell again.

At 1:30, after the Shanghai stock index shrunk and rebounded, it began to fluctuate around the 2460 point to the 2470 point. It was difficult to go higher. The wait-and-see signs of the main market funds began to become strong. At the same time, the time-sharing volume and energy also continued. Gradually weakening, many popular stocks with daily limit, there are also many main funds secretly withdrawing orders on the daily limit board, leaving numerous retail orders at the front.

At 1:35, in other main areas other than the two core main lines of the market, "infrastructure" and "state-owned enterprise reform", stocks that had rebounded sharply showed a clear downward trend, including "Netspeed Technology, LeTV, Huayi Brothers, Oriental Fortune", etc. A number of stocks fluctuated and fell.

At 1:42, the turnover of the two cities exceeded 100 billion. Although several popular main lines in the market still maintained strong and volatile trends, the net inflow of main funds on many stock markets has begun to reverse.

At 1:55, Shibei High-tech exploded, and Beixin Luqiao's daily limit board also saw another surge in volume.

Subsequently, when the market trading time entered 2 p.m., the Shanghai Stock Index could no longer hold on to the 2460 point, and could only fluctuate around the 2450 point to 2460 point. However, the overall market conditions of the two cities had obviously subsided. Under the circumstances, the differences have become more and more serious.

Finally, when 3 o'clock in the afternoon came, the two markets closed.

The Shanghai Index was set at 2456.37 points, up 0.97%, while the Shenzhen Index and ChiNext Index rose 0.69% and 0.58% respectively. The final closing gains of the three major indexes were mostly down from the intraday high. On the daily K-line On the chart, long upper shadow lines have been left one after another.

In addition to the increase in the index itself, the overall turnover of the two cities reached 129.879 billion.

Although this volume is already close to the new annual turnover high set just the day before yesterday, compared with the trend and current situation of a large increase in volume in the morning, the final turnover performance is still somewhat lower than expected. This shows that compared with the previous trading days , the market was in a clear shrinkage trend in the afternoon trading performance.

Moreover, the attenuation of volume energy also shows the attitude of the main funds in the market.

This shows that in the afternoon market trading, for some unknown reason, the main funds on and off the market became obviously cautious in following the trend and taking the initiative to buy and sell.

Of course, in addition to subtle changes in quantity and energy, the specific market situation.

Although the market once again went out of the intraday trend of rising and falling, in terms of closing results, the index still hit a new closing high and a new yearly high for this round of rebound. The upward trend was not abnormal, and regardless of the index or "infrastructure ", "state-owned enterprise reform", as well as other hot hype lines, the overall focus of support continues to move upward.

In other words, the market as a whole is still fluctuating upward.

And as long as the overall upward trend remains unchanged and the market still has a strong continuous profit-making effect, then the Shanghai Stock Index can still continue to look forward to the 2,500-point mark.

There is also...as the market's most popular core stocks and a bellwether for speculation.

The two stocks of Beixin Road and Bridge and Beijiang Communications Construction still closed at the daily limit today. This shows that the market's hype sentiment continues to be at a high level. Active funds in the market, as well as the majority of retail investors, are willing to bear risks when chasing profits. The preference level has not decreased.

"After the index entered 2400 points, for several consecutive trading days, the selling pressure on the market was not small, and the index went far less smoothly than before." Seeing such a closing situation, at this moment, inside Jingda Investment, in the main fund trading room, General Manager Gu Chijiang frowned slightly and said, "Today's energy consumption is not very satisfactory. I always feel that it will become more and more difficult for the Shanghai Index to hit 2,500 points with such small steps."

As the saying goes, one can make great progress, then it will weaken, and three times it will be exhausted.

If the unanimous bullish sentiment that has finally been gathered is gradually worn away by the successive market fluctuations, it will inevitably lead to lower expectations in everyone's hearts, thus giving rise to more divergent views, and this... will naturally lead to a decline in the market. The long-short divergence is getting bigger and bigger, there are more and more selling, and it is becoming more and more difficult for the index to rise.

After hearing Gu Chijiang's words, fund manager Lin Tingzong responded: "The range of 2,400 to 2,500 points for the Shanghai Stock Index is originally an area where early lock-ups are extremely heavy. In the absence of major changes in macro funds, the volume of the Shanghai Stock Index cannot increase significantly in the short term. Expansion is difficult, and it is understandable.”

"Can the Shanghai Stock Exchange Index truly hit the 2,500-point mark in the future?"

"It still depends on the continuity of the money-making effects of the two core main lines of "infrastructure" and "state-owned enterprise reform", as well as the overall emotional response of the market. "

"At present, today's market volume can respond. Although it is slightly lower than expected, on the whole, there is no problem in terms of profit-making effect and continuation of sentiment. Beixin Road and Bridge and Beijiang Communications Construction continue to connect and are still on the upward trend. The space for market speculation has been refreshed, and the continued profit-making effects of other popular stocks are still there. Generally speaking... the current market risks have not yet been highlighted, and we can still hold positions and wait."

“But today, the trend of Huaguo Construction, Huaguo China Construction, and Huaguo MCC, which are core heavyweight stocks in the fields of “infrastructure” and “state-owned enterprise reform,” is not very good. "Gu Chijiang took the words and responded, "These checks all show obvious signs of concentrated selling, and... these are the core holdings of Mr. Su from "Yuhang Investment". I always have a feeling in my heart. Not a good feeling.

"

Lin Tingzong thought for a while and said: "The trend of these checks today is indeed not very good, but in terms of the closing results, the upward trend of its stock price is still moving upwards, and its chip structure on the market is at its peak. , overall there is not much change, which shows that the internal chip structure of these checks is still quite stable.”

"As for today's concentrated selling, it may be the work of Mr. Su from "Yuhang Investment". "

"I think it shouldn't be the case. After all, another of Mr. Su's heavy holdings, Beixin Road and Bridge, still maintains a very strong daily limit trend."

"Besides, you should be able to find out if you are on the dragon and tiger list later."

"After all, today's gains, amplitudes and turnover rates of Beixin Road and Bridge and Huaguo MCC are enough to qualify for the list. And based on today's trading volume of these two stocks, especially the huge Huaguo MCC If you measure 100,000 hands on the board, you will definitely not be able to avoid the disclosure conditions."

"Mr. Gu..."

Lin Tingzong paused and continued: "Our fund's holdings on the two core main lines of "infrastructure" and "state-owned enterprise reform" are quite low compared to the average cost of the market. Even if the market continues to Any trend situation that we cannot predict can be fully reflected according to our position cost and position capacity, so I think we don't need to be too anxious at this time and just wait for the subsequent market trend. "

It has experienced the ravages of the bear market in the early years.

It is not just the majority of retail investors who cannot hold on to the bargaining chip for profit. Once the market experiences a volatile trend that is less than expected, they will lack confidence in the market outlook. The managers of various asset management institutions and fund companies also have the same mentality and will hesitate. Afraid of being trapped by rashly increasing positions, and afraid of being trapped by excessive expectations and long-term investment thinking after short-term profits, failing to stop profits in time, and ultimately returning profits to the market.

Therefore, Lin Tingzong is very clear and understanding of Gu Chijiang's concerns at this moment.

"Hopefully!" Seeing Lin Tingzong's confidence, Gu Chijiang finally breathed a sigh of relief and said nothing more.

As the two discussed after the market closed, the time moved to 5:30 pm, and the rankings of the two cities were refreshed.

I saw a total of 21 stocks on the list today.

And among the 21 stocks on the list, the two main concept stocks of "infrastructure" and "state-owned enterprise reform" still account for more than 40% of the shares. The overall pattern has not changed significantly from the market transactions in the previous few days.

Similarly, as in the past few days, the "Fortune Road" and "Resurgence Road" seats that many people are worried about do not appear in the selling seats of any stock on the list. From the main fund buying and selling situation of the stocks on the list, According to analysis, the two main funds managed by Su Yu still maintain locked positions.

Of course, in addition to the continued lock-up of "Wealth Road" and "Resurgence Road" that are in line with everyone's expectations.

According to the information disclosed by the Dragon and Tiger List, there are also things that exceed everyone’s expectations and expectations.

That is calculated based on the buying and selling volume of the stocks on the entire Dragon and Tiger List. This time, the buying and selling volume of institutional seats showed a net selling situation. Especially for a stock of MCC, institutional seats were net selling. More than 37 million yuan was paid out, which is very eye-catching.

There are also core popular stocks in the two cities. Beixin Road and Bridge's Dragon and Tiger List disclosed seats. Several major hot money players who intervened in the early stage had huge sales. Moreover, the disclosed trading situation of major funds also showed net selling for the first time. phenomenon, with a total net sales of more than 18 million.

""Wealth Road" and "Fusheng Road" continued to lock positions, Jiefang South Road, Chunhui Road, and Siji Road were sold, and institutions were net sellers. "After seeing the disclosure of the Dragon and Tiger List, at this moment inside Yuhang Anzhao Fund Company, in the fund trading room, fund manager and company president Qin Qiuyue was thinking about the motivations behind these disclosed main fund trading actions, and said with a little confusion, " Judging from the overall disclosure of the Dragon and Tiger List, it is obvious that the main funds active in the market are retreating. Why do you feel that at this time... Mr. Su, who is invested by Yuhang, is still not moving at all? It shouldn't be!"

In her opinion, Su Yu should be the most astute person in the A-share market.

Main stock capital.

Nowadays, the market news was vaguely negative. She felt that the other party should not be unaware and unmoved. However, she did not see any signs of the other party adjusting or reducing their positions from the dragon and tiger list.

"Mr. Su's position holding power is truly extraordinary." Beside Qin Qiuyue, fund trading assistant Zhou Hui answered.

Qin Qiuyue glanced at Zhou Hui and asked, "Do you think the other party is still locked up?"

Zhou Hui replied: "Judging from the disclosed data of the Dragon and Tiger List, this is indeed the case. We can't say for sure for other tickets, but at least for the Beixin Road and Bridge check, Mr. Su, who was invested by Yuhang, definitely did not sell out. After all, This check has been rising all the way, and there are dragon and tiger lists disclosing the sales and purchases. Mr. Su's large position cannot escape regulatory rules."

"Are the market rumors false?" Qin Qiuyue was filled with doubts after hearing Zhou Hui's words.

"Mr. Qin, what kind of rumors are you talking about?" Zhou Hui asked, "Judging from the current market news, there doesn't seem to be any bad news!"

Qin Qiuyue pondered for a moment and responded: "Nothing, you continue to review, I will think about it."

Originally, she had decided on a trading strategy to reduce positions and stop profits tomorrow, but now she saw that "Wealth Road" and "Resurgence Road" were still locking positions, and she was obviously hesitant again. After all, she had completed half of this year's trading strategy. The annual fund performance target and subsequent earnings are all excess profits. She can directly participate in the profit sharing. The temptation of this excess profit cake is not small, making it difficult for her to maintain absolute calmness and understand the market trends.

Similarly, Qin Qiuyue was hesitant and doubtful.

At this moment in the Magic City, inside Zexi Investment Company and in the fund trading room, Xu Xiang stared at the disclosed dragon and tiger list data with a slightly surprised look on his face. He was slightly shocked that Su Yu could still maintain the locked position. He was puzzled and whispered: "Does this guy really think that the bull market is coming due to the delay in news? With more than 10 billion position chips, at this time, he can still maintain the locked position and remain motionless."

"Boss, the news of "restarting the IPO" is currently just an internal rumor and is not clear. "Beside Xu Xiang, Zhou Kan responded, "At present, it may be false news, and although there was a lot of selling by major funds in today's session, it did not suppress the bullish power of the market as a whole, and... ... Judging from the disclosure of the Dragon and Tiger List, the number of hot money seats on the list is also increasing. This should indicate that the participation of active funds in the market is still increasing, right? Maybe... 2500 points can really be surpassed. "

"Fake news?" Xu Xiang was slightly startled, "For what?"

Zhou Kan replied: "It's very simple. With the help of the news, we can continue to clear up floating chips on the market and reduce the pressure on the Shanghai Stock Index to break through 2,500 points. Otherwise, the market reaction today will be too dull."

wap.