Chapter 624: Increasingly Strong Bullish Expectations!

Faced with such a closing situation, retail investors who firmly hold positions, or firmly take on the core market lines such as "infrastructure" and "military industry", are excited and excited.

However, many retail investors who hold positions in other market lines and are mostly trapped in other market lines.

They are still quite depressed.

At the same time, under this situation, the original confidence and beliefs of investors who continue to miss the market or are trapped in other market lines are also continuously shaken, driving them to move their positions to the core market lines such as "infrastructure" and "military industry".

Of course, in this continuous change of market sentiment.

Today, many main capital groups that tried to create a trend of "high-low switching" in the market by selling the core main lines of "infrastructure" and "military industry" and switching to the main lines of "technological growth", "big consumption" and "big finance" at the low end of the market, as well as testing these low-end main lines, were quite depressed in the face of such a closing situation.

"Several major market hot main lines such as "infrastructure" and "military industry" actually recovered almost all the losses in the market at the closing today. I really didn't expect it... The trend of these major hot main lines is so resilient. Obviously, the internal chip structure has been loosened, and the volume has been so large, but it just can't fall."

After the closing, in the simple review of various institutions.

At this moment, in the main fund trading room of Yihe Capital Company in Yanjing, the trading team leader Gao Xiang continued with regret: "With such strong resilience and such strong market support, I feel that our large-scale reduction of positions today is still a bit too hasty. The market's 'high-low switching' trend pattern, as long as the 'infrastructure' and 'military industry' these major hot core main lines are not dead, I am afraid it will not be easy to complete."

"You are right." Chen Yihe, the fund manager and general manager next to Gao Xiang, nodded slightly and responded, "However, it is also true that the internal chip structure of the 'infrastructure' and 'military industry' these major market core hot main lines is loose, and it is also true that the market divergence has increased. Although the market support of these major hot core main lines has not declined significantly, it is basically unrealistic to continue to play a certain space upwards under such a large divergence.

Our At that time, we reduced our positions in the hot main lines of the market, such as "infrastructure" and "military industry".

There is nothing wrong with that.

It's just that we were a little too anxious when following the low main line of the market.

Looking at the intraday trend of the market today, many funds tried several times in different directions, but they failed to drive the corresponding market sentiment and the consistent force of funds. This shows that the timing for other low main lines in the market to take over the market trend is not mature at present!

We were indeed too anxious when following the low main line of "technological growth".

According to the current market sentiment, we are still focusing on the corresponding core hot main lines of the market, such as "infrastructure" and "military industry".

The line of "technological growth" needs to gain momentum.

In the short term, there is no strong stimulus from the macro news, or the performance of some core stocks that exceeds expectations. If the market moves, it will be difficult to attract market investment sentiment and speculation sentiment to converge in this direction, and condense a continuous money-making effect and a continuous upward trend.

Fortunately, the main line of "technological growth" has lagged seriously behind the market for several months.

Although, in the current market, the majority of investors and many main capital groups do not form a consistent expectation in this direction, and the market capital group is entrenched in the current hot main lines of "infrastructure" and "military industry", which also causes other low-level main line funds in the market to be seriously insufficient.

However, fortunately, this main line of "technological growth" has been adjusted for a consecutive quarter.

It has fully released the valuation risks and has become relatively reasonable, and compared with the hot main line stocks such as "infrastructure" and "military industry" that have continued to soar, it has been underestimated.

With the convergence of such factors.

It also means Although the timing of the high-low switch was not right, and we intervened in the low-level main line of "technological growth" too early and too early, we did not suffer any excessive losses or retracement risks. At most, we missed some of the emotional premiums in the tail stage of the core main lines of the "infrastructure" and "military industry".

As long as our overall macro strategy is fine.

Then, in terms of timing, it is a little bit off, but it actually has little impact, so don't worry too much. "

After listening to Chen Yihe's words, Gao Xiang felt a little better, but after thinking for a moment, he said again: "Even so, it is easy to sell, but it is difficult to buy back. After we adjusted our positions too early according to the idea of ​​"high-low switch", we lost the chips in the core main lines of the market such as "infrastructure" and "military industry". Next, we can only stick to the idea of ​​"high-low switch". ”

When the amount of funds is too large, it becomes increasingly difficult to switch trading strategies.

That is to say, once you make a mistake, even if you wake up, it is difficult to adjust the position in time to give feedback. Often, after making a mistake, you can only make up for it through other strategies.

This is also the case for many fund products in the industry.

Often after catching a wave of main market trends, once the main market trend is over.

It is either difficult for them to react in time, and the net value will fall back with the reversal of the trend of the main line market, and the sharp retracement, or they will miss the second half of the profits after adjusting positions prematurely, and then lose the profits on other main lines. The profits were lost. In short... with a huge amount of capital, it is very, very difficult to flexibly move and switch. Often, operations are either too long ahead of the market, or too long behind the market.

"There is nothing we can do about it," Chen Yihe said. "Now that the trading strategy has been implemented, we can only make expectations in an optimistic direction."

Gao Xiang nodded, and said with some concern: "Mr. Chen, I'm thinking that the current hot topics in the major markets of 'infrastructure' and 'military industry' will not be able to open up new areas after the market divergence continues to increase. Under the situation of space, it should be relatively certain that the market will make a main line switch of 'high-low switch'.

But... what should we do if the main line of the market's "high-low switch" is not the main line of "technological growth" that we intervened in advance? "

"Isn't it the main field of 'technological growth'?" Chen Yihe heard Gao Xiang's concerns, thought about it carefully for a moment, and responded, "This probability should be extremely small. After all, when it comes to 'infrastructure' and 'military industry,' When the money-making effects of several current core main lines of the market gradually decrease and profit-making selling pressure continues to become more and more intense, funds generally flee from these core main lines.

Looking at the entire market, it seems that only the main line of "technological growth" that has been fully adjusted can take over the market. Only in this main line direction can future expectations be more certain, right? Other low market main lines are always inferior in terms of future expectations and certainty.

Also, based on the past historical performance of the market, once the main board falls into adjustment.

The market trends of large-cap stocks will inevitably shift to the market trends of small- and medium-cap growth stocks.

Therefore, if the market really switches between high and low, it is indeed very likely that the main market trend will shift to the line of "technological growth".

Of course, expectations are expectations, and the actual market trend is the actual trend.

The best we can do when investing is to formulate investment and trading strategies based on the development of market trends with a high probability, so as to seek market profits with a high probability. It is impossible to say that it is certain.

If the actual development of the market does not match our expectations.

That is to say, the money-making effect of popular main lines in the market such as 'infrastructure' and 'military industry' has gradually weakened, and profit-making funds in these fields have increasingly fled, thus intervening in the low main lines of the market. However, the low main lines involved are not the 'technology' we expected. When growing up the main line...

What we can do is only after the market trend becomes clear.

Make corrections and adjust investment strategies and trading strategies in an all-round way.

It's just that the current market changes and trend changes, although slightly beyond our planned expectations, are not completely deviated from our planned expectations.

Although our position adjustment strategy was somewhat ahead of the market changes.

However, the actual changes in the market are just lagging behind and have not deviated from the scope of the plan.

In this case, at this time, we don’t need to worry about things that may not necessarily happen in the market. The most important thing is to do the present well! "

"Okay!" Gao Xiang nodded and said, "Then we will implement the current investment strategy and trading strategy, try our best to control the retracement and positions, and wait for the market to fail in the popular main lines such as 'infrastructure' and 'military industry'. The upward space will be opened up, and the market's "high and low switching" will occur after the money-making effect is gradually lost."

Chen Yihe nodded slightly, seeing that Gao Xiang already understood the pros and cons of such a position adjustment, he said no more.

As the two focused on the market, they reviewed the thoughts of the fund's overall position adjustment strategy and trading strategy changes, as well as hidden worries and risks.

Unconsciously, the time has moved to about 5:30 pm.

The dragon and tiger lists of the two cities were announced.

After the violent fluctuations during the day, a total of 49 stocks were on the list today. Same... Among the stocks on the list, the two major industries of 'infrastructure' and 'military industry' are still the main lines, as well as the 'Eurasian Economic Belt' and 'New Popular stocks and concept leading stocks in several core conceptual themes such as "Times Road", "Maritime Silk Road", "Reform and Reorganization of Central and State-owned Enterprises", etc., and hot money from all walks of life active on the Dragon and Tiger List are also mainly concentrated in these main themes. field.

"Institutions are net selling, while hot money is taking over, which is still fierce."

After reading the data on the Dragon and Tiger Lists of the two cities, among the retail investors who gathered on major online stock discussion platforms, the discussion on the Dragon and Tiger Lists has increased significantly.

"I didn't expect that it was institutions that smashed the market today. Are these guys crazy? If these institutions didn't smash the market today, maybe the Shanghai Stock Exchange Index would have another bullish line with heavy volume, and it would have reached the 2900 point long ago."

"Fortunately, in terms of the data performance of the entire Dragon and Tiger List, funds still show a net buying status."

"The main hot money seats are also very active."

“The only drawback is that Mr. Su’s ‘Fortune Road’ seat still hasn’t appeared. I feel like Mr. Su’s ‘Fortune Road’ seat hasn’t appeared for almost a quarter, right?”

"Well, it has been more than a quarter, but now Mr. Su's 'Fortune Road' seat has basically coincided with the trading seats of the 'Yu Hang Series' main funds, although Mr. Su's 'Fortune Road' seat no longer appears in However, based on the position data and net worth performance occasionally released by the 'Yu Hang Group', we can still know Mr. Su's exact positions and the main direction of the market that he is optimistic about. "

"Indeed, it's just that the holding data and net worth performance of several major funds of the 'Yu Hang Series' have been disclosed not long ago. Now these major fund products have entered a fully closed operation stage again, and it is difficult to continue to detect them. Ah, but... I estimate that Mr. Su's core holdings must still be in the popular main lines of the market such as 'infrastructure' and 'military industry'."

"It's okay to use recent data as a reference. Anyway, the fund products under Mr. Su's management are so large that if you want to adjust positions, you will definitely not be able to escape the data from the Dragon and Tiger List. Moreover, many companies will soon have their third quarter reports. It has been announced that from the third-quarter report data of many companies with known Yuhang stock holdings, we can also find out whether Mr. Su continues to hold these stocks. "

"Haha, it makes sense, indeed... we should be able to see it after waiting for the third quarter report."

"The third quarter report must be in October or November, right? I think from the position data of 'Anzhao Fund' acquired by Mr. Su's 'Yuhang Investment' company, we can also learn something about Mr. Su's market conditions. idea.”

"Isn't this possible? Fund managers are all different."

"It still has some reference value."

"But at present, the holding weights of several major fund products under 'Anzhao Fund' in a series of popular main fields such as 'infrastructure' and 'military industry' are not high, and the net value performance of the fund products they manage is also low. It is sparse and ordinary and cannot be compared with the main fund products of the 'Yu Hang Series'."

"Eh... when did the main fund products of Anzhao Fund Company transfer their positions so much to the 'big financial' field? I remember looking at their positions before, the focus was still on 'infrastructure' and 'military industry' Waiting for the core main line areas of the market?”

"'Big Finance'? Are you mistaken? Can the rubbish sector 'Big Finance' rise?"

"Hey, I can't understand it. I don't think it has any reference."

"This level of position adjustment is indeed difficult to understand, but fortunately, these main fund products of 'Anzhao Fund', after absorbing a large wave of investors, closed the subscription and redemption channels in time, and became If they choose a fully closed-run fund product, investors would probably be scolded by their level of position adjustment.”

"I'm afraid many people are already scolding me in their hearts, right?"

"Hey, don't analyze this or that. At present, according to the market trend, there is no need to worry about the market conditions of the core main lines of the major markets such as 'infrastructure' and 'military industry'. Just hold positions with peace of mind. I will definitely continue to do so." There’s a big wave of profits.”

"The trends in the past two days have proven that the core main lines of the market, 'infrastructure' and 'military industry', cannot fall at all."

"If it can't go down, it can only go up!"

"Haha, I agree... So I increased my position again today. Fortunately, I increased my position at a low price during the session. Otherwise, I would probably have to chase the price higher tomorrow."

Everyone is continuing to discuss the data of the Dragon and Tiger Rankings.

Although we have seen that institutions, which are the main capital groups at the core of the market, have been taking profits out of the market on a large scale, at the moment when the hot money speculation hot spots are pushing the concept leading stocks to further gather emotions and create new connecting space upwards, everyone's The emotional expression is still extremely high-pitched and exciting.

At this time, very few investors have realized that the adjustment risks are becoming more and more obvious in the main areas such as ‘infrastructure’ and ‘military industry’.

Of course, even a very small number of investors have put forward corresponding risk views on online stock forums.

The next moment, it will be collectively besieged by a group of bullish investors.

For a time, the entire network and relevant stock discussion platforms were filled with voices that were bullish on core market trends such as "infrastructure" and "military industry."

The consensus expectations of bulls are reflected in the sharp amplitude of these core main lines for two consecutive days.

Not only did it not weaken, but it got stronger and stronger! (End of chapter)