Chapter 445: Market Bullish and Bearish Expectations Shift Again!

"Okay!" Zhou Kan responded, "I also think it would be better to take another look and wait until the market trend, as well as the trend of the 'military industry' line, becomes clearer before opening a position."

The overall market rebound was very weak, and the trend of the 'military industry' line was after they tested the waters and established positions.

It did go a bit worse than expected.

In this case, if you attack rashly, if you make a mistake in judgment, the subsequent operations will appear to be quite passive.

Therefore, when market risks have not been fundamentally released and subsequent market trends are still expected to be uncertain, Zhou Kan believes that it is better to be cautious.

After saying that, Zhou Kan immediately ordered the traders to stop their buying plans.

The next moment, after the main funds of the 'Yuhang Series', 'Anzhao Series', and 'Zexi Series' opened positions in the main line field of 'military industry', they all gave up buying and switched to a wait-and-see operation strategy. 'Military Industry' The industry sector index, as well as its related concept sector index, have entered a further downward trend.

At 1:32, after oscillating sideways for half a day, the Shanghai Stock Index turned downward again, fell below the lower edge support of the short-term intraday shock platform, and once again fell to 2260 points.

At 1:36, in the 'military industry' sector, a number of core component stocks that had made changes in the morning, such as Huaguo Heavy Industry, China Airlines Mechanical and Electrical, China Airlines Optoelectronics, Aviation Power, Huaguo Great Wall, Aviation Technology, etc., all retreated during the day. All intraday gains returned to the stock price position at the opening.

At 1:42, while the 'coal' and 'non-ferrous' sectors continued to fall, the 'venture capital' concept sector, which moved in the afternoon, also showed a relatively weak trend.

At 1:45, the Shanghai Stock Index gave up all its gains and returned to near flat.

At 1:53, in the ‘venture capital’ concept sector, several leading concept stocks with unusual movements surged higher and fell back, and the selling became heavier on the market.

At 2:02, the Shanghai Stock Index began to fluctuate around the flat plate.

At the same time, various active funds that once gathered in the concept of 'venture capital' saw that the 'venture capital' line, after a brief rise, still failed to attract the majority of investors in the market, as well as other investors. The general recognition and follow-up of Luda Capital can not help but give up the attack. The following sentiment and the ability to take over the market in its field have declined rapidly.

At 2:10, the active financial groups still lingering in the market saw that the concept of 'venture capital' could not support the market situation, let alone stimulate the market's ability and emotion to follow the trend, and began to abandon this line one after another and returned to 'infrastructure' , 'state-owned enterprise reform' are two main areas that are at the bottom of the market growth lists.

At 2:15, Beixin Road and Bridge, which had almost dropped to the limit, rose straight up again, driving the two main lines of "infrastructure" and "state-owned enterprise reform" to rebound.

At 2:19, in the main areas of 'infrastructure' and 'state-owned enterprise reform', MCC, a core large-cap stock, rose from underwater to red. At the same time, a number of component stocks in the 'real estate' sector, Gemdale Group , Poly Real Estate, Kewan Real Estate, Kumho Group and other core component stocks have all seen a wave of concentrated capital buying, and their stock prices have also risen.

At 2:22, thanks to the sudden rise in the two main lines of "infrastructure" and "state-owned enterprise reform", the Shanghai Stock Index regained the 2255 point and continued its upward attack.

At 2:26, ​​the 'Internet Finance' concept sector changed. Various funds that were still active in the market frequently attacked major hot spots in the market, but failed to open up the situation and find a breakthrough. They invariably returned to the original market. On the trajectory, the three core main lines of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance' are relatively acceptable to the market investor groups inside and outside the market, and the logical expectations have not been destroyed.

At 2:31, half an hour into the last trading session of the market.

In terms of the overall style, the market situation has completely broken away from the market situation led by "coal and colorful" and "venture capital". Instead, it has continued to form a trend centered on the three main lines of "infrastructure", "state-owned enterprise reform" and "Internet finance". Supported market rebound trends and hot spots for speculation.

Of course, even if active funds from all walks of life return to the hot hype fields centered on 'infrastructure', 'state-owned enterprise reform' and 'Internet finance', their driving effect on the market will be more obvious than the previous rebounds. At this moment, the majority of retail investors, as well as the main institutional capital groups, are not very willing to follow the trend and take over this field, and the market buying appears to be quite hesitant.

"Active funds from all walks of life in the market have turned around and returned to the three core themes of 'infrastructure', 'state-owned enterprise reform' and 'Internet finance'."

At this moment in Yuhang, inside the Yuhang Investment Company, in the main fund trading room, Li Meng couldn't help but smile when he saw such market performance, and said with emotion: "Every main line of the market, every industry sector, every concept sector In the past few days, we have been rotating almost again, but we have never found an effective market breakthrough. According to this trend... it is estimated that when market expectations are further reduced, the subsequent index will have to go to a higher level. "

"Overall, in the current market, the main areas where logic is tough, the majority of investors have the highest recognition, and the main areas where following the trend and taking over are relatively strong are the three lines of 'state-owned enterprise reform', 'infrastructure' and 'Internet finance'." In the trading room, Zhao Lijun answered, “However, the overall market sentiment is too bad, and the short-term adjustment of these three main lines is too drastic, and the short-term selling force accumulated on the market is too strong. The investors who bought it simply couldn’t bear it.”

"In fact, overall, the market currently has no breakthrough point." Wang Can also responded, "In this market, the market is rotating so fast, and often a hot spot that has just emerged can become popular and make money in half a day. It can’t be maintained, even this fool can see it... The market has never bottomed out here, let alone consistent expectations.”

"Indeed, the active speculation funds in the market, and their random speculations one after another, have once again destroyed the confidence of long investors that was originally stimulated by various news, external market performance, etc." Zhu Tianyang responded, "Now, the vast number of investors both inside and outside the market have seen that the market has neither obvious sustained profit-making effects nor obvious breakthroughs in the main market. It is estimated that psychological expectations and investment sentiments have once again collectively turned bearish."

"But the index, I see... still working hard to attack!" While everyone was speaking, there was a girl named 'Lu Xiaohui' in the trader team. She was a little confused and couldn't help but ask, "Why do you just say Have market investment sentiments and market conditions become weaker?”

When Su Yu saw someone raising a question, he couldn't help but smile. He shifted his gaze from the two markets and looked around the trading room. He saw several fund trading team leaders and several traders who had performed well recently. He smiled and said: "Someone is willing to answer. Is there any question for our ‘Classmate Xiaohui’?”

Following Su Yu's inquiry...

Liu Yuan was the first to respond: "As a trader, we keep an eye on the market and watch the market. What we look at is not only the current market conditions, the stock price performance of the relevant targets, but also the main capital flow of each main line and each target, or the ability of the buying and selling volume. "Changing these obvious data is the core thing of 'market expectations'."

"Main capital flows, main line performance, popular stock trends, volume changes in various sectors..."

"All this data."

“They are just some evidence that we judge the expected direction of the market and support whether our judgment is correct or not. Just like the current stock price reaction of a stock is the fundamental expectation of this stock in the future, we have The same goes for the judgment of the main line market and the overall long-short situation.”

"Back to the current market situation..."

Liu Yuan paused and continued: "Although the index performance is still on the rise, the main line market has rebounded, and the active funds on the market have returned to 'infrastructure' on the attack path. ', 'State-owned enterprise reform', and 'Internet finance' are the main three main lines, which is enough to show that the active speculation funds in the market cannot find an effective market breakthrough for the time being. "

"At the same time, the market rotation of hot spots is accelerating."

"It also shows that the market's continued money-making effect is rapidly weakening."

“Without the obvious continuous money-making effect, there will naturally be no follow-up capital groups willing to continue to follow suit and take over, so... the stock price will naturally not have effective support.”

"And, due to the continued weakening of the market's money-making effect."

"Today, the funds from all walks of life that chased the highs in early trading, as well as the group of investors holding shares on the market who originally had some expectations for the market, will add to the subsequent selling force of the market."

"This also means that under this situation, the subsequent selling power of the market will significantly increase."

"At the same time, the expected selling power has greatly increased and the expected buying power has decreased significantly. Then the expected subsequent index performance will naturally not be very good. There is a high probability that it will follow the downward trend and reach the next level."

"As for continuing..."

"No one can say whether the important mark of 2,200 points in the Shanghai Stock Exchange Index can be sustained and whether it can become a support platform for market sentiment and the index to bottom out in the short term. We can only wait for the next performance of the index and the change of the market to have a conclusion. Clearer expectations and judgments.”

"Excellent!" Su Yu was quite appreciative of Liu Yuan's answer. He nodded with a smile and responded, "The most core thing in financial market transactions is always the word 'market expectation'. After all, everything price performance does not reflect current value , but the expected value. Understanding this, in stock investment, even if it has reached the threshold, the current market performance has shown that there is no main line breakthrough that is more consistent with expectations. It also explains the market chip structure. Overall No adjustments are done."

"in this way……"

Su Yu paused and continued: "Then the market will continue to adjust, which is a high probability event!"

"Understood!" After Liu Yuan and Su Yu answered their questions one after another, Lu Xiaohui responded, "Thank you, Team Leader Liu and Mr. Su!"

"If the market continues to adjust, and the adjustment time continues to lengthen... it should be a good thing for us, right?" Zhang Guobing, who had been silent before, then answered, "I think the main line of 'military industry' where we are currently building positions, Under Mr. Su's wise decision to slightly adjust the trading strategy, the buying funds for the two stocks that were previously competing with us have also disappeared from the market. At the same time, the 'military industry' sector index has turned from rising to falling, and the selling market has become fully suppressed. , It is estimated that we are only a hair away from a complete collapse. I think the market has turned so, and our cost of opening a position should be even lower. "

"It has indeed disappeared." Su Yu glanced at the performance of the 'Military Industry' sector index and the afternoon market trends of its related core component stocks, and responded with a smile, "Market expectations are once again collectively bearish, and we are guessing the final trend. The decline stage should be soon.”

"Just wait patiently!"

Su Yu pondered for a moment and said: "When market expectations fall further and bull sentiment collapses again and despair, it will be time for us to make a big move."

The current market trend is in line with his inner expectations and previous predictions.

Moreover, at this moment, the three main funds of the 'Yu Hang Series' are basically in the light position stage, with nearly 20 billion funds in hand, waiting to be bought.

At this moment, he was like a hungry ghost with delicacies right in front of him.

But he must still hold back and wait for the best time to strike.

Because only in this way can he get more cheap chips and get enough high-quality chips at the bottom and low main line before the "big bull market" sets sail, so as to seize the most abundant and fattest chips in the market when the market turns in the future. Profits can truly lay a solid foundation of capital and wealth for the development of oneself and the company.

As Su Yu finished speaking...

At this time, the market trading hours had already moved to 3 p.m. sharp.

I saw the fiercely beating market prices of the two cities freeze in an instant. The Shanghai Index fluctuated for a day and finally settled at 2254.12 points, up 0.04%. The Shenzhen Stock Exchange Index and the ChiNext Index rose 0.11% and 0.19% respectively. Although the three major indexes maintained their However, compared with the market sentiment and index growth at the opening, this closing performance is obviously not as good as the expectations of the majority of market investors, and even... relatively speaking, it is worse than yesterday's market performance. For being weak!

Of course, the index performance is relatively weak.

The only thing that gives people some comfort is that the transaction volume of the two cities has remained above the 100 billion mark, with a total transaction volume of 107.231 billion, which is basically the same as yesterday. It continues to provide relief to many long-term investors who still stick to the market. , a faint hope of theoretical reversal.

Just this glimmer of hope, what is the probability?

I'm afraid it can only be regarded as a simple psychological comfort for those who have been deeply trapped at this moment and cannot make up their minds to stop losses and cut the flesh, or for a very small number of hard-core long investors!