Chapter 361 Breakthrough 2200 Points!

"Yes!" Li Meng responded, "From the perspective of market volume, it is not realistic to forcefully attack the 2200-point pressure position when the market has accumulated a large number of short-term profit-taking orders. After all, no matter how good the sentiment is, it is useless if the incremental funds cannot keep up and cannot take over the large number of profit-taking orders and locked-in orders at this position."

"Does it mean that the market must adjust at this position?" Wang Can asked.

Li Meng nodded and said, "It's about the same. The Shanghai Composite Index has rebounded strongly in the past two days and has almost crossed the 100-point position space and touched the upper strong pressure position. In addition, there are many floating chips in the market that are eager to cash in. The upward pressure on the index is getting greater and greater. A short-term adjustment to clear the floating chips in the market will be healthier for the subsequent trend of the market. Otherwise... a forced breakthrough will probably only intensify the subsequent adjustment of the market, and will also damage more market sentiment and popularity."

"Then do we... need to significantly reduce our positions at this position to reap profits?" Wang Can asked.

"It is okay to do T appropriately, but there is no need to reduce positions significantly." Su Yu said, "The market's rebound trend has been established, and the market's bullish investment sentiment has fully recovered. Although due to the large number of short-term profit-taking orders in the market and the large number of locked-in orders at key pressure points, it is extremely difficult for the index to break through 2,200 points at present, and adjustments are inevitable, but as emotions continue to ferment and as incremental funds continue to flow in from the market, the index will continue to rise and break through the 2,200-point pressure mark after a short adjustment. It is highly likely that the index will continue to rise after a short adjustment and break through the 2,200-point pressure mark."

"In other words, this is a benign adjustment, and the amplitude will not be deep."

"And during the adjustment, the bullish trend of the two cities will not change."

"In this case, there is no need to reduce positions significantly and make profits from this small adjustment band. No one can accurately grasp the short-term trend of the market. Once the positions are greatly reduced, the index will go sideways, or even the strong sectors will not adjust and continue to break upwards? Then I am afraid that if I want to pick up the positions, I have to chase high again. "

"As traders, we operate transactions..."

Su Yu paused and continued: "We must look at the big trends and ignore the small trends. We must know how to choose opportunities. We must not lose the big for the small, and pick up sesame seeds and lose watermelons. Of course, under the condition of maintaining the dynamic balance of positions, it is also possible to use the small positions of the account to do T and maximize the maximum profit of the account in market fluctuations. "

"Master, according to your logic, the opening should be the best selling point of the day, right?" Liu Yuan pondered for a moment, her eyes lit up, and asked.

Su Yu smiled and nodded, and replied: "Smart, in fact, intraday operations, the grasp of buying and selling points, and the emotional reaction of the market are usually consistent. After yesterday's emotional brewing, and the index's two consecutive days of large-volume large-yang line counterattacks, strong expectations of long positions have been formed in the minds of the majority of investors in the market."

"In their expectations, and under the inertial thinking of most investors, the index will definitely rise and continue to break through with large-volume large-yang lines."

"At the same time, because of the strong expectation of long positions, the general warming of the long position sentiment in the entire market, and the continuous money-making effect released by the market, investors' risk appetite for chasing highs is also rising in the brewing of emotions, which has caused the market to open sharply higher under consistent expectations."

"However, the market's long position sentiment is unprecedentedly high, the money-making effect is prominent, and investors' risk appetite is rapidly increasing."

"Is the market really as good as everyone imagines?"

"And No! The foreign market fell sharply last night, and there was a huge amount of locked-in positions above 2200 points in the index, a large number of short-term profit-taking positions accumulated in two consecutive days of sharp rises, and limited incremental funds... These are many key factors that inhibit the index from breaking upward. Unfortunately, when market sentiment is high and investors gradually lose their rationality, they cannot see these, or... everyone will deliberately ignore these unfavorable factors. "

"The market itself does not have the factors for a comprehensive breakthrough, coupled with the sudden and intense bullish sentiment. "

"The two are intertwined, and the key selling points in the market's intraday trend will naturally appear. "

"The so-called imagination is beautiful, but we still have to return to reality. When we trade, we must remain rational while maintaining an optimistic attitude, and understand the unfavorable and favorable factors in the current market trend, so that we can make rational judgments and find the right buying and selling points. "

"I understand!" Liu Yuan understood a little in her heart.

While responding, she used the account she was operating to quickly place orders to sell some of the hot stock chips she held with a small position.

Similarly, when Liu Yuan responded, most traders in the trading room were placing orders with their heads down, following the trading logic that Su Yu had just mentioned.

And as everyone placed orders...

At this time, the time had already moved to 9:20.

After five minutes of call auction time, after the call auction entered the real auction stage where orders could not be withdrawn, the number of stocks that opened higher in the two markets, although slightly dropped, did not change much, and remained at 85% of the stocks opening higher in the red.

The overall market sentiment, as well as the willingness of various funds to rush to buy and go long.

Compared with yesterday's call auction, it was stronger.

Especially the two main areas of "infrastructure" and "state-owned enterprise reform" that are the core concerns of the market.

Whether it is the index of the four major industry sectors of 'building decoration, building materials, steel, and real estate' or the concept sector index of 'state-owned enterprise reform', the increase is more than 2%.

Among them, the call auction performance of the core popular stocks in the two major fields is even more powerful.

Checks such as the popular leading brands Beixin Luqiao, Shibei High-tech, Waigaoqiao, and Shanghai Sanmao all showed the scene of opening at the daily limit; MCC, China Construction, China Fortune Land Development, and Kumho Group Many popular mid- and large-cap stocks opened higher, reaching about 5%, and on the call auction board, buying orders completely suppressed selling orders. As the call auction time went by, the stock prices of these stocks continued to rise. .

"This collective bidding trend is somewhat beyond expectations!"

Seeing the extremely hot call bidding trends in the two cities, at this moment, in the internal trading room of Zexi Investment Company in Shanghai, the fund manager Zhou Kan couldn't help but sigh: "Do you feel that your emotions are a little overdone? China Railway and MCC The obviously trending stocks have actually been speculated into the trend of concept stocks. According to the current high opening range of these two checks, they have risen by almost 28% in three days! "

"It's indeed a bit too much!" Xu Xiang nodded slightly, "It's not enough, I'm afraid it's hard for the market to perform well today."

"Yesterday's external market trend was not good. Coupled with the 2200-point pressure mark, today's call auction and the market going like this are obviously not right." Zhou Kan continued, "The funds chasing in at this moment may have to stand guard at a high level temporarily. The emotions are over the top, and the selling points are highlighted during the session. Should we... also sell some chips? "

According to Zhou Kan's judgment, the market performance at this moment should be a good selling point for T.

Xu Xiang thought for a moment and said: "You can try selling a little. Although the sentiment is a bit over the top, at the current stage, the two main lines of 'infrastructure' and 'state-owned enterprise reform' have come out, and there are large funds from various departments outside the market. The positions in the market are all at a low level, and there is a huge demand for increasing positions. Therefore, even if the market adjusts, the extent of the adjustment will probably be very limited. It doesn't matter to do T for small positions. If the large positions move, I'm afraid there will be some consequences. Small risk of missing out.”

"Yeah, I understand!" Zhou Kan smiled and nodded.

Afterwards, he immediately started to make arrangements according to Xu Xiang's suggestions.

And with Zexi Investment’s slight reduction in positions...

At the same time, in Shanghai, Yanjing, Shenzhen and other places, the main funds of many large institutions that had previously missed out on the two main market trends of 'infrastructure' and 'state-owned enterprise reform' saw the market call auction trend rising steadily, and 'infrastructure', The two main market trends of 'state-owned enterprise reform' are getting more and more intense in the collective bidding, but they can't help but chase higher prices and increase their positions to raise funds.

Similarly, the majority of retail investors are under the influence of extremely excited market sentiment.

There are countless people who increase their positions and chase higher prices.

Therefore, under this situation where bullish power and bullish sentiment are still completely dominant.

When 9:25 arrived and the call auction between the two cities ended, the Shanghai Stock Exchange Index opened sharply higher by 1.53%, directly reaching the 2191.12 point, only one step away from the 2200 point mark, while the Shenzhen Stock Exchange Index and the ChiNext Index were relatively weak. The index opened higher and reached an increase of about 1%. Several major indexes once again left a gap in the K-line pattern.

And in addition to all the major indexes that have jumped short and opened high.

The performance of the two cities' industry sectors, concept sectors, and popular heavyweight stocks and concept stocks is also in full swing.

Among them, in the field of 'infrastructure', core sectors such as building decoration, building materials, steel, and real estate opened higher by 2.35% to 2.55%. The concept sector of 'state-owned enterprise reform' opened higher by 2.83%. , the constituent stocks in the sector, more than 7 stocks have reached daily limit.

Of course, excluding the two popular main lines of ‘infrastructure’ and ‘state-owned enterprise reform’.

The two major conceptual sectors, 'Shanghai Free Trade Zone' and 'Internet Finance', which performed well yesterday, also saw an opening increase of around 2%. Even as the market continued to rebound, they were significantly abandoned by the main market funds, and the trend was completely The two early popular concept lines of 'mobile Internet' and 'smartphone industry chain', which were weaker than the broader market index, and their related core growth stocks, have also rarely opened higher at an increase of more than 1%.

Faced with this opening scene...

The vast majority of retail investors in the entire market are excited, excited and excited at this moment.

"Haha, the Shanghai stock index opened 1.53% higher and is approaching 2200 points. It's really strong! I feel like I'm back in the bull market again!"

In the exciting and uplifting market mood, some people on the trading forum expressed emotion during the last 5 minutes of temporary suspension before the official trading.

"My big A finally stood up!"

"Independent market, a rare independent market trend!"

"Looking at this situation, the Shanghai Stock Exchange Index will definitely break 2,200 points today, haha... This wave of gains is really powerful, sweeping away the gloom at the beginning of the year!"

"Mr. Su is still awesome. As soon as he takes action, the market is out of control."

"Indeed, in the past two trading days, the two main themes of 'infrastructure' and 'state-owned enterprise reform' have simply brought the money-making effect to the extreme."

"Not only in the past two days, the two main lines of 'infrastructure' and 'state-owned enterprise reform' have opened so much higher today, and are still increasing in volume. It is estimated that they will continue to rise sharply, and judging from the many hot spots in these two main lines, The core stocks have all gone out of the obvious bottom reversal trend.”

"Hey, it's a pity that I hesitated for the past two days and missed the point!"

"I was short before, but this morning I started chasing after the call auction."

“I am also chasing positions through call auctions. I feel... although the short-term increase of core leading tickets such as China Railway and China Metallurgical has reached about 25%, but comparing the inflow of main funds in the past two days, and The two main themes of 'infrastructure' and 'state-owned enterprise reform' continue to carry out comprehensive riots, and there is definitely a lot of room for follow-up."

"I agree. In fact, a 20-30% rebound in leading stocks is nothing at all. If you buy it at this time, you are still at the bottom of the mountain."

"I also feel that the two main market trends of 'infrastructure' and 'state-owned enterprise reform' are still at the bottom of the mountain."

"It's a pity that Beixin Luqiao and Shibei High-tech, two leading concept stocks in the main line, are not given the opportunity to buy today."

"Yesterday, after the two main lines of 'infrastructure' and 'state-owned enterprise reform' were unanimously recognized by the main funds in the market, Beixin Road and Bridge and Shibei Hi-Tech's single-digit daily limit today should be expected. It is indeed a pity that there was no such thing yesterday. Add to these two stocks.”

"If Beixin Road and Bridge and Shibei High-tech Zone are not open, the only ones left are Shanghua Railway and Huaguo MCC."

"China Fortune Land Development and Kumho Group are also good!"

"Anyway, just focus on the two main-line popular leading stocks of 'infrastructure' and 'state-owned enterprise reform'. The funds involved in these two days have not lost money. I feel that such a strong main-line concept and such a huge inflow of main funds, these two The big main line market will never end easily. If you participate at this time, there should be a lot of room for follow-up. "

"There must be room. After all, if the Shanghai Stock Exchange Index breaks through 2,200 points, the road ahead will be smooth!"

"Hey, the Shanghai Composite Index has been trapped below 2200 points for more than 4 months, right? It's finally about to break through. I'm really looking forward to it."

"With this wave of breakthroughs, the index will probably not come back!"

"Yes, yes, I feel the same way. I always feel like a bull market is coming."

"Whether it is a bull market or not, it has reached this point. The Shanghai Stock Exchange Index must break through 2,200 points today, and only by breaking through 2,200 points can new space be opened up."

"The index's breakthrough mainly depends on the performance of the two core main lines of 'infrastructure' and 'state-owned enterprise reform', right?"

"The market prices of these two main lines are definitely indistinguishable. After all, so many major financial players have entered the market in the past two days. Yesterday, the top hot money players from all walks of life on the Dragon and Tiger List came out collectively."

"It's less than 10 points away. After the market opens, it should be over within 5 minutes at most."

“Indeed, as long as the two core stocks of China Railway and MCC are within the daily limit zone, the index can instantly break through the 2,200-point pressure mark. Judging from the performance of the call auction of these two core stocks, it is obvious that The main funds are still increasing their positions and will continue to rise today. There is still great hope. "

"Analyzing from the perspective of capital, the market has suddenly risen. Many large institutional funds, as well as many retail investors outside the market, have not yet reacted. And they all have huge willingness and demand to increase their positions, so I judge that the market will increase in the future. Funds will continue to increase significantly, and transaction volume will reach the 100 billion mark again, and the Shanghai Stock Exchange Index’s 2,200 points will not be a problem!”

"I agree. Looking at the fund industry, the positions announced by major public funds and asset management institutions are obviously at low levels. This proves that the market's potential for future growth is still huge."

"Whatever, I'm full, I won't get off until I double this round."

"Uh...double? Can you be more structured? According to the valuation and market value of China Railway and China Metallurgical Corporation, even if the stock price doubles, it is still extremely underestimated. If it is really a big market, it will still be 5 times. The height?”

"Five times! How dare you think about it?"

"How bold your heart is, how productive your land is. If the market rebounds so violently, the natural pattern will be amplified."

Amid everyone's excited discussion, the 5-minute brief suspension time passed in a blink of an eye. At 9:30, the two cities ushered in the official continuous bidding trading time.

I saw that just after the market opened, the stock prices of countless stocks began to jump.

After 5 minutes of short emotional fermentation, China Railway Group, MCC, China Fortune Land Development, Kumho Group, Huagong International... and other core stocks in the "infrastructure" field were immediately attacked by funds, and their stock prices fell rapidly. rose, and at the same time drove the major industry sectors in the 'infrastructure' field, the 'state-owned enterprise reform' concept sector index, and the Shanghai Stock Exchange Index to rapidly impact upward, further moving towards the 2200 point mark.

At 9:31, the Shanghai Stock Index reached 2194.36 points.

At 9:32, the Shanghai Composite Index hit a new high to 2196.38 points. At the same time, China Fortune Land Development increased by more than 8 points, and Kumho Group once again hit the daily limit.

At 9:33, the Shanghai Stock Exchange Index continued to set a new intraday high to 2197.76 points, and the "state-owned enterprise reform" concept sector index rose by more than 3.22%.

At 9:34, the Shanghai Stock Index touched 2198.89 points, which was only a 0.1% increase away from breaking through 2200 points.

At 9:35, under the gaze of countless investors throughout the market, as tens of millions of retail investors were excited and excited, and as billions of buying funds swept across the two markets, further rushing to raise funds and follow the trend, The Shanghai Stock Index exploded rapidly, crossing the final point gap and refreshing the intraday point height to 2200.54 points. After more than 4 months, it regained the position of 2200 points.

Later, when countless people saw that the Shanghai Stock Index successfully broke through 2,200 points.

The huge amount of buying funds further increased dramatically, and investors who rushed to buy and follow the trend were almost crazy.

And driven by these rapidly exploding buying funds...

At 9:36, after the Shanghai Composite Index exceeded 2200 points, it continued to rise straight. In one minute, it refreshed the intraday high to 2208.98 points, with an increase of more than 2.3%. In addition, the core hot stocks in the two main areas of "infrastructure" and "state-owned enterprise reform" also rose straight, with a rapid explosion.

At the same time, the "brokerage" sector, which had been hovering at a low level and basically no one paid attention to.

Also suddenly moved, and many brokerage stocks worth tens of billions of yuan rose straight.

At 9:37, the Shanghai Composite Index refreshed its high to more than 2210 points, and the increase expanded to 2.5%. The "brokerage" sector collectively rioted, among which the leading brokerages, Huaxin Securities, Huashang Securities, Huatong Securities, and Huatai Securities, rose by more than 2% in one or two minutes.

However, the vast majority of investors in the market were very excited.

It was thought that the index had successfully stabilized at the 2200-point mark, and the market would usher in another day of full-scale volume growth.

The index, which had risen rapidly, suddenly broke out with higher trading volume in less than 5 minutes after the securities firms collectively rioted. At the same time, the selling of the entire market increased sharply, instantly suppressing the buying funds of various parties who followed the trend and increased their positions, causing the index to fall back from the intraday high of 2213.37.

At 9:42, the Shanghai Composite Index lost 2210 points.

At 9:43, the Shanghai Composite Index lost 2205 points.

At 9:44, the Shanghai Composite Index once again lost the important mark of 2200 points and returned to below 2200 points.

At 9:45, the Shanghai Composite Index fell further to 2195. At the same time, the "brokerage" sector, which had previously moved collectively, was smashed back to the original point at the opening by the huge amount of selling. In the field of "infrastructure", Kumho Group and China Fortune Land Development, which had been sealed at the daily limit, were broken, and even Waigaoqiao, which had been sealed at the daily limit, was broken.

At 9:48, the Shanghai Composite Index continued to fall back to 2191 points, smoothing out all the gains after the opening, and getting further and further away from the 2200-point mark.

At the same time, the number of stocks that broke the board in the market increased.

The core mainline leading stocks, such as China Railway and China Metallurgical, all rose from more than 7 points to around 5 points, and the large capital inflow on the market, in an instant, has changed from the previous large net inflow to a net outflow state, and the main advantage of buying has disappeared.

At 9:50, the Shanghai Composite Index further lost 2190 points and began to fill the gap in the early trading.

At this time, the selling pressure in the entire market had completely suppressed the buying pressure, and the extremely high and excited emotions in the hearts of the majority of investors were instantly like being poured with a basin of cold water, and gradually cooled down in stunned silence.