Chapter 792: The deviation between market sentiment and volume growth!

Xu Xiang nodded and said: "Yes, as the market situation continues to improve, especially as the trend spreads, it is not that the higher the investment sentiment, the better.

You know, generally in a trend market.

When investment sentiment reaches a stage of sustained high fever, it feels like the end of the trend will not be too far away.

After all, extreme emotional enthusiasm, especially sustained enthusiasm, will cause a short-term collective lock-up of short- and medium-term profit-taking groups on the market.

This will lead to a sharp increase in short- and medium-term profit taking and arbitrage chips on the market.

While short-term and medium-term profit taking and arbitrage are being temporarily locked up collectively, due to the reduction of selling chips on the market and the reduction of selling orders, the market trend, even if the volume can not increase year-on-year, is still in a state of decline. , the market trend will look much smoother. "

Zhou Kan heard Xu Xiang's words, thought about it carefully for a moment, and said: "The divergence between emotion and quantity and energy, especially the further acceleration of the trend under the divergence between quantity and energy, are indeed some factors that will lead to the market peaking, but at present The position of the Shanghai Stock Index and the overall valuation level of the two cities should not be high, right?

Really counting... Big A's overall valuation is still a low point in today's global financial market.

Moreover, the Shanghai Stock Exchange Index has just crossed the pressure range of 3,500 points. If it goes upward... until it reaches 4,000 points, the pressure should not be great.

There is also the market turnover volume.

Although the recent increase has been decreasing, the overall transaction volume still shows a continuous upward trend, and the growth of financing balance has not slowed down. Judging from the performance of these market volumes and sentiment... the market Although the overall long strength has weakened a little, it is far from being unable to support the market trend.

Therefore, I think the market’s upward trend should continue for a while, right? "

When Xu Xiang heard Zhou Kan's words, he nodded slightly and said with a smile: "Trends have inertia. With the support of the current bullish sentiment in the market, there is definitely no problem that the market trend will continue for a period of time. But as traders, we must understand the potential risks in the development of market conditions in the continuation of this trend, and make corresponding mental expectations and trading plans. Only in this way... we will not lose huge amounts of money in our accounts. The floating profit, as well as the excess profits earned, are returned to the market.”

"Okay!" Zhou Kan responded and said, "Then we will not continue to increase our positions and go long at this stage."

Xu Xiang thought about it for a while and said: "December is about to enter. The market trend at the end of the year will tend to be more volatile and uncertain due to the drastic position adjustments and strategic changes of many major institutions. In addition, The continuous accumulation of short- and medium-term profit orders and unwinding of arbitrage, as well as the impact of the year-end net value settlement of many major fund products, have caused the market to have continued to rise for a long time and is at a relatively high level in terms of sentiment and trend. It is indeed not appropriate to further aggressively increase positions at this position.

The strategies we should adopt in the future...

It means to carry out position reduction and profit taking operations to varying degrees according to the market shape and trend of the core holding stocks of several of our current major fund products.

Although the potential risks of the market are gradually becoming more and more prominent as the index and mainline market continue to rise due to short squeeze.

However, the specific stock market trends are not completely synchronized.

In other words, whether the stock prices of many main-line popular stocks have peaked in the short term, it is better to analyze the specific stocks individually. We... Next, the main thing is to do a good job in this area, and to analyze the core stocks of each supporting position. , there must be clear market volume analysis and fundamental situation analysis. "

Zhou Kan continued to nod his head and said, "Don't worry, boss."

"And..." Xu Xiang paused, and then said, "We still need to know more about the main funds of the 'Yuhang Department' and the movements of this main institution, and we need to have more real-time information. Information and news are the only thing that matters. The impact of this main force of funds on market sentiment.

In particular, the bullish sentiment on the two core market lines of "big finance" and "big infrastructure" has a great impact.

If this main force of funds undergoes great changes and changes in its investment strategy, then the market trend and trend performance will be affected.

It is also very likely that it will be quickly catalyzed or induced in advance.

Therefore, we must have a clearer understanding of the investment strategy trends of this main force in order to seize the market opportunities as much as possible. "

Zhou Kan responded: "I heard that Mr. Su of the Yuhang Investment Company is not within his organization. It seems that Mr. Su's current focus is not on the secondary market, but on the primary market. .”

"Primary market?" Xu Xiang was slightly stunned.

Zhou Kan nodded and continued: "In the past year or so, the institution 'Yuhang Investment' has not only made a large-scale attack on the secondary market, stole the show, and captured a large amount of excess profits from the market, but also Investment activity in the primary market is also not small.”

"I want to play with the domestic primary market and secondary market at the same time..." Xu Xiang smiled and said, "This Mr. Su from 'Yuhang Investment' is really ambitious!"

"That's right." Zhou Kan said, "But the primary market and the secondary market are completely different, right?"

Xu Xiang responded: "Of course it is completely different. The investment risk in the primary market is much higher than that in the secondary market. Mr. Su from the 'Yuhang Department' wants his companies to compete in the primary market and the secondary market." I’m afraid it’s not easy for the market to flourish on both sides. With such lofty ambitions, it seems... you’re still too young!”

In his own personal career development and investment career, there is a saying that he particularly believes in.

That is the saying ‘If you don’t understand, you must not invest’.

He believes that a person's cognitive ability is limited after all. If you only make money within your cognition, you can naturally avoid most uncertain risks.

This is Mr. Su from the ‘Yuhang Department’.

They not only want to eat the excess investment profits in the secondary market, but also covet the venture capital profits in the primary market.

In his opinion... that means biting off more than he can chew, not agreeing with the other party, and thinking that the other party will stumble sooner or later.

But ideas are ideas...

All of this actually has nothing to do with him.

He just felt it was a pity. Originally, he thought that Mr. Su from the 'Yu Hang Department' was indeed very talented and capable in understanding market investment, but now he heard that the other party was planning to develop both the primary market and the secondary market. , at the beginning of the company's development, the stall was spread so widely, and I couldn't help but gradually change my mind. I felt that the other party was not that powerful, and he was still an entrepreneurial young man who could be understood by everyone.

As his thoughts raced.

When he came back to his senses, he turned his attention to the two markets again.

At this time, the market trading time has reached 9:15, and the two markets have entered the initial collective bidding stage.

And it was just as everyone expected before the market opened.

When the time hand officially crossed 9:15, all stocks on the two markets began to change rapidly. There were more than 2,000 stocks in the entire market. At the initial appearance, more than 1,500 stocks opened red and opened high, and if Flush, Blue Stone Heavy Equipment, Huake Shuguang, Huake Financial, Great Wisdom, Shanghai Steel Union, Yingkou Port, Huagong International, Huaxin Securities, Western Securities, Oriental Fortune, Dalian Heavy Industry, Leiman Optoelectronics...' and so on. Popular stocks that attract a lot of attention and are highly discussed among investors in the public market.

More than 90% of the popular stocks have achieved a red market and a high opening.

Moreover, among the three checks, 'Blue Stone Heavy Equipment', 'Shanghai Steel Union' and 'Hua Ke Financial', there was a grand occasion of the single-digit daily limit opening at the beginning of the call auction. (End of chapter)