Chapter 153 Extreme Shock

"It fell into the water in one second, and it opened high and then crashed. Is the Shanghai Steel Union's market over?"

Seeing the trend of Shanghai Steel Union's strong opening and then the sell-off, some retail investors in the market who were trapped exclaimed.

"Ten thousand orders fell sharply, it should be over!"

"Oh, I chased it to the top, depressed, I don't know how many points I will be buried now."

"Oh my god... it fell to 5%, is it going to hit the limit down?"

"In three minutes, the amplitude exceeded 10%, the volume exceeded 90 million, and it was almost close to 100 million. This amplitude and volume are obviously finished!"

"Jiefang South Road just added positions yesterday, and it's over today?"

"Oh, I thought it would continue to double like the first and second waves, but I didn't expect... the two top speculators of Fortune Road and Jiefang South Road could only move up three boards."

"It broke through 40 yuan, this height is actually not low!"

"The main reason is that there are no more positive stimuli. The market sentiment and funds can only go here. ”

“The bottom has 4 times the space, which is really not low. Alas... The strange thing is that I am too greedy. I always think that it can rise further. Now... I can't sell it even if I want to. ”

“Just now, 10,000 and 5,000 lots were smashed. Is this the Fortune Road also out?”

“Whether it is sold by Fortune Road, we have to look at the Dragon and Tiger List after the market, but it is estimated that... it is probably Fortune Road. After all, other hot money in the market does not have so many chips to smash.”

“The transaction volume has reached 130 million, and the volume is released so quickly. I feel that my emotions have completely collapsed.”

“The bottom has risen 4 times. Even if there has been sufficient turnover along the way, there are still too many profit-taking orders. In this case, these chips... There is no reason not to smash them.”

“The decline is approaching 7%. In this case... It is really going to go to the limit!”

“Ah! ChiNext Index After opening high, it was also brought down by Shanghai Steel Union. Today is really a "big face day". My hand... why can't I hold back. "

"Now it seems that Shanghai Steel Union was a scam in the previous call auction stage."

"If it hadn't been strong in the call auction stage, I would definitely not follow it. Now it's good... it's destined to be a big face of more than 15 points. It's just... I'm furious!"

"Fuck, the ChiNext Index has fallen by more than 1%. Shanghai Steel Union is not only collapsing itself, but also collapsing the two markets!"

"It's over. With this trend and the overall market not being good, it is estimated that there is no possibility of a reversal."

"The top of the 40 yuan peak, it will probably take several years to see it again."

"It is said that the leader must have faith. At this time... can you still firmly believe that the stock price can reverse?"

"Large orders are cleared, and the stock price plummets. This is the top , at this time... you must not have any illusions. "

"In fact, if it is the first wave, this kind of flash crash may have a chance of rebound after sufficient turnover, but this stock has gone through three waves now, a full 4-fold increase, the tree can't rise to the sky, and if you still have illusions at this time, you may be completely trapped. "

"Gone, gone... I finally grabbed a one-line board to buy it yesterday, but today there is no premium, but a lot of losses, it's simply..."

"With this trend, if you stay for one more minute, you will lose one more point. "

"It seems that at the real high stock price, even the top speculators' seats are useless! "

"I know that once the one-line acceleration, the market will definitely be finished. At this high position, there is no sufficient turnover, and the huge amount of profit-taking is accumulated. How can it go far? "

"If it falls, it will definitely be a head and shoulders top pattern! ”

Many retail investors panicked, claiming that this was the end of the upward trend of Shanghai Steel Union, and followed suit to dump the market...

In the main hot money group where Su Yu was, many hot money bosses were staring at the market trend and volume changes of Shanghai Steel Union, and at this moment they also showed a lot of pessimism.

"That 10,000-hand order at the opening was really a big deal!"

"Even if that order was not dumped, the trend of Shanghai Steel Union today would probably not look good."

"Yes, from the call auction stage, we can see the sentiment of this check, which is not strong today."

"If Shanghai Steel Union did not open so high at the end of the call auction stage, and could stabilize at 1 or 2 points of oscillation and turnover, there might be a chance to continue to rise. Alas... It's a pity that the funds for grabbing shares in the last ten seconds at 9:24 were simply a rat shit, which completely ruined the emotional structure and expectations in the market. ”

“It’s impossible. Even if it’s 1 or 2 points, it’s estimated that it won’t be stable. After this period of continuous rebound, both individual stocks and the market have been stagnant. In addition, at the current stage, it is still a market of stock game. Without new funds entering the market to lift the sedan chair, it will be difficult to move up.”

“40 yuan, 4 times the space, in fact, it is in line with expectations.”

“Indeed, after three waves of market conditions and a 4-fold increase, there shouldn’t be any high expectations.”

“It’s not a 4-fold problem. I originally thought that with the blessing of Brother Su’s Fortune Road and Chief Leader Xu’s Jiefang South Road two-way seats, the third wave should have at least 5 boards.”

“By the way, Chief Leader Xu also added more than 10 million yesterday. He should be buried today, right?”

“I don’t know, but the 10,000 orders at the opening must be Brother Su. After all, others don’t have such a large amount of chips. ”

“Brother Su is out, then this check should be completely finished.”

"With this level of turnover, even if 40 yuan is the top, it will probably give a good exit opportunity, right? Today, except for Brother Su's 10,000-hand order, which was sold at a high level, all other chip exchanges were completed underwater. Even those who took over the one-line board yesterday did not make a profit today. My intuition is that after the large-scale turnover, Shanghai Steel Union may be able to reverse."

"It's difficult! After all, the market collapsed today."

"It's Huake Jincai's check that was affected by the sentiment of Shanghai Steel Union today, and the one-line board was broken, which was a bit unexpected. I thought it could at least hold on to two one-line boards under the favorable conditions."

"Huake Jincai's break here is indeed a bit unexpected."

"But the overall market sentiment has weakened. Even if Huake Jincai breaks here and fails to fully reflect the favorable conditions, it can't Follow the trend at this time."

"However, at this time, the trend of Huake Jincai is more consistent with that of Shanghai Steel Union!"

"Indeed, both are changing hands drastically at intraday lows."

"If the volume of these two checks is fully changed and the mood can be stabilized afterwards, there is actually a chance!"

"Today, Huake Jincai should still be able to close in the red, right?"

"Of course, after all, it is under the good news of high dividends and transfers and a sharp increase in semi-annual performance."

"At this time, it looks like the second leader of the sector, but... it feels a bit unlucky, and the good news was announced too late."

"The market is stagnant, and individual stocks are retreating. It seems... I have to rest for a while."

"Let's see how Shanghai Steel Union ends. I always feel that the trend of Shanghai Steel Union today looks fierce, but in fact it still has some taste of washing the market. Inside!"

"Washing the market? What a height, and still washing the market!"

"I also think it can't be a wash. The great concept is really over. After all, the performance has not risen against the sky, and the fundamentals only have extremely strong expectations for the future. At this height, if it is still hyped up, the power of funds to follow the trend will gradually weaken. Moreover... the higher it goes, the faster the market value and circulating volume of Shanghai Steel Union will grow, and the more funds will be needed to relay. In this case, the market should not be able to hold up, right?"

"I also think it can't be a wash."

"You know, at the current stage, after the Shanghai Steel Union fully changes hands, it will relay upwards, and the short-term active funds it has swallowed are already at the level of 400 to 500 million. If it goes up... there is no direct major positive stimulus to keep a large number of chips in the market locked. , it is unlikely to go up again. "

"It took a lot of effort to jump over the initial high point of 30 yuan. "

"Now at the high point of 40 yuan, the accumulated chips are more than one order of magnitude larger than when it was 30 yuan. Wouldn't it be more difficult to jump over it? Moreover... At present, there is really no unexpected heavy positive news for Shanghai Steel Union. I think there is really no need to have any illusions. "

"Not necessarily, although I don't think today's extreme trend is a wash. "

"But I don't agree that the pressure of 40 yuan is heavier than when it was 30 yuan. In fact, today, Shanghai Steel Union's price above 40 yuan, or even near 40 yuan, did not trade many chips at all, which means... In fact, above 40 yuan, there are no locked-in chips, let alone any chip accumulation area. "

"Speaking of which... Brother Su directly placed a large order of 10,000 hands to drive down the stock price near 40 yuan in Shanghai Steel Union. His motive is indeed intriguing! ”

“Let’s not talk about reversal, I think there is still a possibility of intraday rebound.”

“For a leading stock like this that has gone several times, even if it comes out of the head, it is unlikely to be a straight up or straight down peak trend, so I think even if the stock price is unlikely to reach a new high in the future, there is no need to panic again and scare yourself when there is already panic selling in the market.”

“Yes, the same thing, the sentiment and volume of leading stocks with extremely high market attention will not decay so quickly.”

“And if the 10,000-hand order at the moment of opening was really smashed by Brother Su, then Jiefang South Road actually did not make much money at present. In the two Dragon and Tiger Lists, Jiefang South Road bought a total of more than 30 million funds. I think with the trading style of the chief leader Xu, he will definitely not give up. ”

“Let’s wait and see. At least when the market attention of Shanghai Steel Union has not dropped significantly, this stock is still the market’s sentiment leader and sentiment vane. With one stock, it is enough to leverage the entire sector and index. ”

“Hey, it’s pulled back! ”

“Is it really that Master Xu saved himself?”

“It rebounded with volume. It seems that…Shanghai Steel Union should be able to be rescued today.”

“No matter how bad it is, it shouldn’t hit the limit, right?”

“I think we can try to make a pullback. Indeed, a large number of chips in the market are traded underwater. The market has the opportunity to rebound.”

“Try 1,000 lots first. Buying at this time is always less risky than chasing highs at the beginning of the market, right?”

“I will also try 500 lots.”

As Shanghai Steel Union fluctuated violently and oscillated underwater, many speculators in the group gradually evolved from the initial full-line pessimism to certain divergent views.

So…

After 10 o'clock, the turnover of Shanghai Steel Union exceeded 230 million. With relatively sufficient turnover, a lot of short-term funds poured in to buy the bottom, and the stock price quickly pulled back from the drop of 7 points to about 2 points, and recovered by more than 5%.

Su Yu saw the stock price of Shanghai Steel Union rebound.

And it led the stock price of Huake Jincai to rise, quickly from the lowest drop of 1 point to a 5% increase, which meant a rebound.

When the funds were rapidly pulled up and the intraday volume was exhausted.

When Shanghai Steel Union was about to close, he once again made a market price sell order of 5,000 lots, and its stock price was pressed down again like lightning.

In his opinion, the current turnover is far from enough.

What he needs is to be able to use the stock price correction to clean up the high-level profit chips, and let the huge chips complete the turnover at a relatively low intraday position.

In this way, the purpose of washing the market can be achieved.

It is not enough to form a huge amount of locked-in orders in the price range of 38.37 yuan to 40 yuan, which will cause huge resistance to the subsequent upward movement of the stock price.

The so-called high-level turnover is the condition for the stock price to reverse.

That is, it is necessary to change hands at a relatively low position, and not to cause too much pressure of locked-in orders near the top price, so that it can drive some emotions that have not completely collapsed in the future to open up new space.

Seeing another huge order of 5,000 lots, it swallowed up all the offensive buying orders and brought the stock price back to the starting point.

In the entire market, some profitable funds and relay funds that had not planned to exit with some hope and did not intend to sell further.

And Su Yu...

bought some when the stock price of Shanghai Steel Union approached the limit.

When the stock price of Shanghai Steel Union rebounded too quickly and exceeded the decline of 4 points, he sold some more.

Cleverly suppressing its stock price to fluctuate between the decline of 5 points and 8 points, prompting Shanghai Steel Union to conduct a huge turnover in this price range.

Finally, at 3 o'clock, when the market closed.

Shanghai Steel Union was fixed at 36.83 yuan, a drop of 6.03%; Huake Jincai, which was hit by a one-line board, was fixed at 31.65 yuan, up 0.02%, barely closing in the red.

The turnover of both stocks hit a new annual high.

Among them, the full-day turnover of Shanghai Steel Union exceeded 480 million. On the technical level, it did go out of the peak trend of high-level volume.

And due to the large-scale drop of Shanghai Steel Union...

The investment sentiment of the two cities was relatively sluggish during the whole day's trading.

At the end of the day, the Shanghai Composite Index, Shenzhen Composite Index, and ChiNext Index all closed sharply lower, with a drop of more than 1 point. Among them, the hot concept sectors of ChiNext were even more obvious. For example, the series of sectors such as "Internet Finance", "Mobile Games", and "Smart Terminal Equipment Industry Chain", all hot concept stocks all underperformed the market.

On the contrary... stocks that had not risen much before.

Many concept stocks of the "Shanghai Free Trade Zone" that Su Yu and Li Meng have laid out, and the "big infrastructure", "big finance" and "big consumption" sectors with weights on the main board, have not fallen much today.

After the market closed...

For the trend throughout the day.

Many investment institutions began to say that the market trend is changing, saying that the valuation of the ChiNext has deviated too much from the main board, and that the main line of the subsequent market trend will return from the ChiNext, which is seriously bubbled, to the undervalued main board. Even many senior market researchers, after seeing the obvious stagflation of the ChiNext, have said that the main board and the ChiNext will experience a valuation regression process, that is, the valuations of the two major sectors will converge in the future.

As for the process of this valuation regression...

Is it the valuation of the main board that is closer to the ChiNext, or the valuation of the ChiNext that is closer to the main board.

There is a clear divergence of opinions.

In this divergence, when the majority of investors in the market are skeptical about these remarks, at 5:30 pm, Shanghai Steel Union and Huake Jincai both appeared on the Dragon and Tiger List.

PS: Thanks to the leader ‘Jing Jing Jing’ for the reward, thank you, I will update one chapter first, there will be more later!