Chapter 403 Market ‘Pendulum Effect’!
"Not really." Xu Xiang said, "Old Qiao's news is usually credible."
Zhou Kan responded, "Then today's Dragon and Tiger List data and trend reaction are a bit abnormal, and... Mr. Su from Yuhang Investment seems to have no movement!"
Xu Xiang pondered for a while and said, "It is estimated that after a little rumor, the news was blocked internally, resulting in no change in the market's expectations in this regard. Let's see... Although Mr. Su from Yuhang Investment can still remain calm, the potential market negative pressure will only cause the difference between long and short positions in the market to become greater and greater. The Shanghai Composite Index of 2,500 points that everyone expected will not be so easy to cross."
"Then should we change our trading strategy?" Zhou Kan asked.
Xu Xiang thought for a while and responded, "Let's see what the market trend will be tomorrow. If the mood is exhausted and the market differences increase, there is nothing to hesitate about."
"Okay!" Zhou Kan responded.
In fact, both he and Xu Xiang hope that the index can safely cross 2500 points before entering the adjustment stage. After all, only in this way can the market further open up the subsequent market space and further raise the confidence and expectations of investors on and off the market.
However, hope is hope. When there are major changes in the news and the divergence between long and short positions on the market is prominent.
As fund managers, they can only follow the changes in the market and make corresponding adjustments to trading strategies to ensure the performance of the fund.
Of course, except for asset management institutional investors like Xu Xiang and Qin Qiuyue who secretly get uncertain news.
They are worried about the subsequent market trend and are thinking about adjusting their trading strategies.
Others, 99.9% of the vast majority of investors on and off the market, after seeing the Dragon and Tiger List data that basically meets expectations, the bullish sentiment in their hearts, as well as the various market fantasies about the Shanghai Composite Index of 2500 points and even the bull market, have not declined or hesitated at all.
Everyone is still extremely excited and looks forward to the Shanghai Composite Index continuing to set new highs tomorrow.
Looking forward to the market's continued money-making effect, which can go further.
"Sure enough, I said it, Mr. Su will definitely continue to lock in positions. Beixin Road Bridge will definitely be able to create unexpected space."
"When each round of bull market starts, the iconic bull stocks have at least 5 times or even 10 times of space."
"I feel that Beixin Road Bridge is the iconic bull stock that started this round of bull market."
"Moreover, the two core themes of "infrastructure" and "state-owned enterprise reform" will definitely be the biggest theme speculation theme throughout this round of bull market."
"The Shanghai Composite Index monthly K-line is about to have a golden cross. It feels like this is the first stage of the bull market. There is no mistake."
"The Shanghai Composite Index will definitely take 2500 points this week!"
"Mr. Su continues to lock in positions. Beixin Road Bridge will definitely rise tomorrow. The trend of a big monster has been formed. This check is definitely the biggest bull stock this year."
"The Shanghai Composite Index is breaking through 250 0 o'clock, it is obvious that it still depends on the two core themes of "infrastructure" and "SOE reform". "
"At this time, you can just buy any stocks around the two main themes of "infrastructure" and "SOE reform", and it is so easy to make money."
"Haha... the market has been really good recently."
"Thank you, Mr. Su, I have been holding the stock for three years, and today I finally got rid of it, but I didn't sell it. I will continue to hold it and wait for the Shanghai Composite Index to jump over 2500 points. "
"I followed Beixin Road Bridge halfway, and I have made 5 boards so far, haha... I finally got a pattern!"
"Fuck, I made 5 boards, I'm so envious! I followed Huaguo MCC, and now I have only made a profit of about 20%, hey... But today Huaguo MCC's performance is not very good, the daily limit was smashed, and it fluctuated downward in the afternoon, and only 5 were left at the close. 100 points of increase, I always feel that there will be a correction tomorrow. "
"No, don't worry, the index will definitely continue to fluctuate and rise tomorrow."
"Yes, the Shanghai Composite Index is only a hair away from 2500 points, and the market is currently so strong that the money-making effect, the trading volume has also risen, basically stabilized at around 130 billion, and reached last year's high point of trading volume. Under this situation... I don't believe that 2500 points can't be broken."
"It is already difficult for blue-chip large-cap stocks to close the daily limit. As long as the trend does not change, I don't think there is anything to be afraid of. According to the K-line trend of stocks such as "China Construction, China Railway Construction, and China Metallurgical", these core stocks will definitely continue to rise. "
"With the "New Nine Articles" as the guiding opinions, the regulatory authorities will definitely continue to release positive news to the market, and the external market, looking at the trend of US stocks The trend is obviously going to reverse. In fact, the bull market pattern of the US stock market has not changed. Our A-shares should also follow suit. "
"I thought that after the Shanghai Composite Index jumped over 2200 points, it would fall back to give a buying point, but... I didn't expect the Shanghai Composite Index to go straight to 2400 points. I watched the index and stock prices rise all the way, and I didn't have time to increase my position at a low level. Alas... I will definitely not miss the opportunity this time. I must increase my position. I feel that the 2500-point position will definitely not stop the Shanghai Composite Index. Looking at the market trend, it is possible to go straight to 3000 points later. "
"Buy earlier and make money earlier. The more you hesitate, the more you will have to chase higher later. "
"Since Mr. Su completed the position, he has not moved a single share. It is said that stocks are held in a bull market. According to Mr. Su's trading strategy, the current market is definitely a bull market. "
"From around 2000 points, all the way to close to 2500 points now, there is no obvious correction in the whole process. Isn't this a bull market?"
"Yes, yes, it's a bull market!"
“When the Shanghai Stock Exchange Index really stands at 2,500 points, I want to raise more leverage.”
"Financing is still a bit leisurely, but at this stage, when confidence and market volume have been fully restored, it is really not appropriate to be bearish anymore."
“I carefully studied Mr. Su’s post on the forum last year, as well as Mr. Su’s public speech on the market at the Oriental Fortune website investment exchange summit on May Day, and determined that the current market is In a bull market, nothing can go wrong.”
"Stop talking, let's raise money and continue to increase our positions when the market opens tomorrow."
"At this stage, if you buy it, you will make a profit, so I also raised money."
"Holy shit, I'm so excited. I haven't paid attention to the stock market in the past year. Looking at everyone's enthusiasm, it seems that the bull market is really coming."
"I hope that the Beixin Road and Bridge will continue to fail tomorrow, so that I can make back all the money I lost at the beginning of the year and last year. I hope that the Shanghai Stock Exchange Index can stand above 2,500 points, further stimulating market confidence and opening up room for upwards."
In the fierce and heated discussion among the majority of retail investors.
In the evening, the market news was still calm on the surface. The financial media, financial influencers, analysts from various institutions and even investment consultants were still brainlessly bullish, using various far-fetched logics to prove that the Shanghai Stock Index was certain. It was able to jump over the bull-bear dividing line of 2,500 points. At the same time, U.S. stocks also opened higher at the beginning of the session as expected, further stimulating the market's bullish sentiment.
Of course, the voices of the bulls are flooding around every investor group at the moment.
In the atmosphere where the hustle and bustle of the 'bull market' has begun to ferment and spread rapidly.
There are also very few investors who have put forward different views after in-depth analysis. However, this view has received little attention and cannot have any influence under the overwhelming trend.
However, within a small number of large institutions with state-owned assets background, and among very few investors with extensive connections and intelligence information.
Even though the internal meeting resolution on the 'market IPO relaunch', as well as the related issuance review and subscription policies, are still top secret, these people have already smelled it and are quietly making new trading strategies, or some of them Relevant responses have been made in advance today.
In this situation, the market is calm on the surface, but secretly, the undercurrent is getting bigger and bigger.
On Thursday, May 15, the market ushered in its second trading day.
Unsurprisingly, under the hot bullish sentiment in the market and quite strong and unanimous expectations, at 9:15 a.m., the moment the call auction began in the two cities, the entire market opened higher, and individual stocks in the two cities, except for suspended stocks, , about 83% of the stocks achieved red market gains, among which the conceptual sectors and industry sectors related to the two core market core lines of 'infrastructure' and 'state-owned enterprise reform' still led the gains in the two cities.
"Beixin Road and Bridge continued to open higher by more than 5% today despite the huge increase in volume yesterday, and Beixin Communications Construction even opened higher near the daily limit." At this moment, within Yuhang and Yuhang Investment Company, funds In the trading room, Li Meng stared at the initial collective bidding situation of the two cities and was a little surprised. "Yesterday, the market had a clear trend of rising and falling, and there was no unexpected positive news in the evening. When the market opened today, the market was still open. With this being the case, the market sentiment and expectations at this time are really strong!”
"In the consistent upward trend, if there is no negative, it is positive." Su Yu stared intently at the big screen in the trading room, observing the market trends of the two cities, and then responded, "In a situation where market sentiment and expectations are extremely strong, Under this situation, the vast majority of investors do not have the ability to make clear self-judgements. They will only hear and see everything they want to hear and see in the loudest noise in the market.”
"At the same time, emotions have an amplifying effect when they are gathered together."
“That is, in a comprehensive bullish mood, the good effects will be amplified, while the bad effects will be deliberately ignored. Similarly, in a comprehensive short mood, the bad effects will also be fully amplified, while the good effects will be ignored. Will be intentionally ignored, and the other thing is... As long as you pay attention to this market and trade in this market, in fact everyone has certain cognitive barriers. When interests are related, they only want to see everything they want to see, and for themselves What you don’t want to see is often ignored.”
"Yeah!" Li Meng responded, "This is the basis of the trading theory of 'when you hold a hammer, everything you look at is nails', right?"
Su Yu smiled and said: "Absolutely. This kind of emotional and cognitive relationship is also the root of the market's 'pendulum effect'. Similarly, it is also the source of the market's excess profits. After all, only when the market deviates from the reasonable trading area and extreme deviations occur, can A truly great place to buy and sell. ”
"You mean, today is the best selling point?" Li Meng responded with a smile.
"That's right!" Su Yu nodded and continued, "As time goes by, the negative news will definitely become more and more obvious, and in this process, the market is still rising, which means that the market The profits within the market are still increasing. These are potential huge selling forces after the wind direction changes. "
"In other words, the market continues to rise over time."
"It seems that market sentiment and confidence are getting stronger and stronger, but in fact the long-short pattern has been slowly reversed."
"Of course, this is a short-term selling point, but it is not a long-term selling point. After all, from a macro analysis, all market conditions are slowly improving."
"It's not only a selling point, but also an excellent opportunity to adjust positions!" Li Meng understood what Su Yu meant, paused for a while, and continued to ask, "You estimate that the news is negative, and the long and short forces in the market are quickly imbalanced, the index Where will the rapid downward correction be? Will it fall back to 2,200 points, or fall back to the bottom shock range of 2,000 points to 2,200 points?”
Su Yu thought for a while and said: "It is estimated that the probability of 2200 points will be higher. After all, the negative effects of the 'IPO restart' are a bit sudden for the majority of investors in the market at this time, but it is not completely beyond expectations. , because everyone knows that IPO cannot be suspended forever and will inevitably restart, so when this major negative impact is truly digested, the market will usher in new opportunities. "
"There is also the new 'IPO issuance review' policy."
"Compared with the issuance plan at the beginning of the year, the regulatory authorities have made significant adjustments to the issuance scale and discovery valuation, both of which have been reduced. At the same time, adjustments have also been made to the subscription plan, and most of the proportions of new share issuance have been adjusted to Online subscription, and online subscription, the market value of the position needs to match.”
"Generally speaking, although this 'IPO New Deal' is negative for the market, its impact is very limited. The blood-sucking effect on active funds on the market will be greatly reduced compared with the beginning of the year. Moreover, after more than a month, the market As time continues to rise, both mood and confidence have been greatly restored.”
"Currently, the main constraints on the market's upward expansion space are the mountains of profit-making orders on the market and the huge amount of hold-up orders that gathered here in the early stage. Now the hold-up orders in this range should have been almost digested. The biggest potential pressure is only All that’s left is profit taking to accumulate in the short term.”
"As long as we take advantage of the short-term negative impact of the IPO restart, we can wash out these profits."
"After the sharp adjustment of the index, the upward pressure has become lighter."
"Therefore, the downward negative effects are limited, and the regulators are eager for a bull market to completely open up direct financing channels in the market. Then when the market is hit by negative impacts, they will inevitably continue to release good news to offset it as much as possible. Stabilize the market confidence that has finally been restored.”
"Therefore, even if the index encounters a negative attack, it is unlikely to fall back to the bottom shock range of 2,000 points to 2,200 points. The market's pendulum effect... should not be that big this time."
"Hopefully!" Li Meng stared at the still hot call auction trends in the two cities and responded, "It has been six years since the last bull market. Hundreds of millions of investors are eagerly looking forward to the macroeconomic and fundamentals of various important industries. , sentiment... have all reached an obvious turning point, and the macro trend of the index should also change. "
While the two were discussing, at this moment, the time had passed 9:20.
I saw that with the withdrawal of countless funds at the last moment of 9:19, the final call auction situation presented by the market, although it was somewhat lower than that of 9:15, it still maintained an obvious overall high opening trend. Among them, , the stock price of Beixin Road and Bridge, the most popular stock in the two cities, continued to rise despite the explosive volume of 46,000 lots, exceeding the highest point of increase at 9:15.