Chapter 407: The Trend Is Close to Collapse!

"Damn it, what's going on? Isn't this diving too crazy?"

Seeing the Shanghai stock index plummeting into the water, and almost all the popular mainline stocks in the two cities falling on heavy volume, the comment area of ​​the stock trading platform and the large group of retail investors gathered in the stock trading forum instantly became nervous and stared at each other with dumbfounded eyes. Follow the market trends and make relevant reactions and operations in a hurry.

"It doesn't make sense. Why did it suddenly collapse?"

"What the hell...is 2,500 points a trap? This morning's market attack is just to lure bulls?"

"Is this trend poisonous? There is less than 10 points of point space, and you can't get through it? What the hell... what kind of funds are selling? There is really no pattern at all!"

"The accelerating breakthrough trend that was finally achieved in the market in the morning is gone. I'm speechless!"

"The increase of 2 points. The plunge in the afternoon was gone in an instant. It's incredible... This trend can be reversed. I really didn't expect it."

"Hey, I'm so angry. I'll chase the highs with all my positions in the morning."

"It shouldn't be! Today's trend is too weird. It's obviously just a breath away from 2,500 points. Why can't it break through?"

"The trend of a good breakthrough in the morning suddenly reversed in the afternoon. It is really weird. Can't these garbage main players in the market wait until the Shanghai Stock Index crosses 2500 points before selling? I have invested heavily in chasing the highest point in the morning. Now I can't even think of selling. I’m really mad that I can’t sell it!”

"The most annoying thing is the late dive. It's really... a rubbish trend!"

"Who called a 'bull market' before? What the hell is this a bull market? What a bull! It's a huge loss!"

"Is the 2,500 point mark poisonous, or something? Why does the Shanghai Stock Index start to fall every time it reaches this point? It has been unable to break through for several years."

"The dividing line between bulls and bears in the market! How can it be so easy to break through?"

"Don't panic, it should be a technical adjustment. After all, if you think about it carefully... the Shanghai Stock Exchange Index has been rising for ten consecutive years, and the accumulation of profits on the market is quite heavy. This sudden pressure of 2,500 points has naturally increased the selling on the market. Once the market digests this wave of selling, it will definitely continue to rise.”

"Bull markets often fall sharply. When the index hits an important pressure level, a sharp drop and a correction is normal."

"Although the Shanghai Stock Index is currently green, it has not fallen much. It can pull up after a rapid adjustment in early trading. There is still a lot of time until the closing. I think it can continue to pull up."

"I don't believe it. With such a good trend, is it really impossible to get past 2,500 points?"

"The past few days have also seen violent fluctuations. I feel that after the Shanghai Stock Index crossed 2,400 points, the trend was not as smooth as before, but it should not be a big problem."

“The Shanghai Stock Index is in the range of 2,400 to 2,500 points, which is an area where early hold-up orders are relatively heavy. Coupled with the continuous positive performance of the index, a lot of profit orders have accumulated in the market and need to be digested. Naturally, the trend cannot be as smooth as before, but The long-term upward trend has emerged. As long as the trend does not break, I will continue to be optimistic about the market outlook.”

"Bullshit! The intraday shocks and dives in the past two days can be quickly recovered, and on the market of each popular main line stock, there is no big money main force selling chips crazily, and there is a net outflow of funds, but look at today, look at now... …All the big funds in the market are basically selling!”

"Hey, it's mainly because of the afternoon bombing at Beixin Road Bridge. It hurts so much."

"Indeed, the Beixin Road and Bridge check is the real core leader of the two cities and the weathervane of market sentiment. This explosive collapse directly triggered the selling of profit-making funds in the entire market."

"But this check has already moved ten times in a row, how can it increase? In fact, if it can increase to this... it is already far beyond expectations."

"I think the point is not the collapse of this stock, but everyone's speculation that Mr. Su's 'resurgence' position is very likely to have sold off Beixin Road and Bridge's stock chips on a large scale today. This speculation is extremely It greatly affected market sentiment and triggered selling behavior of profit-making funds in the market.”

"Yes, I feel that's the case too. Mr. Su's profit-taking speculation may be the key to the market's plunge."

"In the fifteen trading days of Beixin Road Bridge, it has moved twelve times, rising nearly 4 times in height. It is not easy for Mr. Su to be able to sell until now, right? It stands to reason that Mr. Su is right at this time. The selling of Beixin Luqiao’s chips is in line with the expectations of all parties in the market. It should not have caused such a large wave of concentrated selling. I think the market’s big plunge... is definitely not caused by this reason.”

"No matter what the reason is, the key is whether there is room for the market to turn around?"

"The long-term upward trend is still continuing, and there is definitely no problem, but the short-term trend is really hard to say. After all, the chip structure of the two core main lines of 'infrastructure' and 'state-owned enterprise reform' has obviously loosened today, and the market will turn around in the future. , we have to wait for the chip structure of these two core main areas to be re-issued and the market adjustment to be completed, right?”

"As far as leading stocks are concerned, Beixin Road and Bridge is at a high level today. It has released such a large amount of energy and its turnover rate has exceeded 20%. It is definitely useless in the short term. Although Beixin Communications Construction looks better than Beixin Road and Bridge, it Now that the board has been blown up, it may be difficult to get back the seal, so... in this case, high-ranking tickets will definitely not be available for a short time. "

"What a sin! I really shouldn't have picked up Beijiang Communications Construction Company this morning."

"Who knew the trend would turn out like this? Looking at the market trend this morning, it's obviously heading straight for more than 2,500 points!"

"Hey, I hope Mr. Su still locks his position today, otherwise... it's really over!"

"No hope, Beixin Road Bridge might explode to more than 1 billion today. Fortunately, I held back in the morning, otherwise I would have a high chance of getting a big loss today."

"The storm is coming! Hey... I'm so unlucky. I was hesitant a few days ago, and the market kept rising. Today I finally made up my mind to follow half of the position, but I didn't expect it to start diving straight down. Could it be that the main force is eyeing the three melons and two dates in my hand? If I don't make a move, it won't fall. Once I make a move, it will definitely fall."

"Brother Brother, next time you buy, call me and I will sell, can't I?"

"Fuck, it hasn't stopped falling yet, this is... heading straight for a crash!"

"It didn't even hold the 2450 point, it's over!"

"Beixin Road Bridge is still falling, a drop of 5 points, I guess it's not really going to the floor, right? Don't do that, with such a large volume, how many people will be trapped on the top of the mountain?"

"Fuck, Huaguo Construction had such a fierce increase in the morning, and it can turn green now? I'm really impressed!"

"Fuck... the securities sector is really a troublemaker. If it weren't for the crazy pull of this sector at the close of the morning, how could the market be like this in the afternoon? I knew that when the securities pull, it would be bad, and it would cause trouble for the old man. 40,000 yuan worth of chips, and chasing at the top of the mountain, it hasn't closed yet, and I have already lost 5 points in the day. "

"Losing 5 points is considered good, I have already lost 8 points."

"The Beixin Road Bridge I took over has already been charged a limit down, and it seems that by the closing, I am afraid that I will have to charge another limit down. Damn... the sky and the floor, I haven't been so miserable for a long time."

"Alas, it's really that I didn't make money, but I caught up with all the beatings!"

"I bought it this morning, and I can't sell it. I can only watch the market plunge and worry. Damn... No matter who shouts "bull market" in the future, I will never believe it. "

"I know that making money in the stock market has never been so simple. "

"The Shanghai Composite Index and 250 The 0-point barrier is getting farther and farther away. Oh... I'm done. Really, it's all for nothing. It's all just a waste of time. The main force is garbage. It's all garbage!"

"With the trend of A-shares, it really doesn't deserve a bull market."

"Oh, let it sink. I'm used to it. If it falls back to 2,000 points this time, I'll swear that I'll never trade stocks again. I'm tired!"

"Where is the promised technical correction? It can't even hold the 2,450-point level, and there's still a technical correction?"

"The expectation of 2,500 points is gone. Just watch. The market will collapse today!"

During the trading hours when the market plunged and continued to weaken, the bullish sentiment and psychological expectations of the vast number of retail investors in the market who were discussing fiercely were also rapidly weakening.

And this rapid weakening of bullish sentiment and psychological expectations continued to affect the market's bullish acceptance power.

This led to the market's active selling volume becoming larger and larger after the collapse of the bullish sentiment and psychological expectations of the majority of investors, while the active buying power became smaller and smaller.

Then, when the market trading time reached 2:25...

When the buying power of the active takeover could no longer support the main selling chips, the market liquidity crisis began to emerge.

The hot concept stocks dominated by countless hot money, as well as the core blue-chip stocks of the main lines of "infrastructure" and "state-owned enterprise reform" where institutions gathered, all showed a unilateral plunge with rapid volume expansion and rapid stock price decline.

At 2:28, Beixin Road Bridge was directly killed by another 100,000-hand main selling order, and the trading volume exceeded 1 billion, and the turnover rate exceeded 30%, becoming the first stock with a floor and sky-high trend in today's trading, burying countless retail investors and their hot money main forces who took over the market this morning in the market.

At 2:29, along with the limit down of Beixin Road Bridge, Shanghai Sanmao also fell and closed the limit down.

At 2:30, the Shanghai Composite Index fell below 2430 points, and the decline widened to about 1%. It has fallen by almost 3% from the 2494.38 points created in the morning. The trend can be described as extremely tragic.

At 2:31, the decline of China Construction widened to 2%, and the intraday turnover reached 2 billion, with an intraday amplitude of nearly 10%.

At 2:32, the core blue-chip stocks of the main lines of "infrastructure" and "state-owned enterprise reform" such as China Metallurgical, China Communications Construction, China Railway Construction, China Construction, China North Railway, China South Railway, etc., all fell underwater. The entire field concept sector and industry sector related to the main line of "infrastructure" and "state-owned enterprise reform" also turned from red to green, showing a downward trend. The total turnover of the two main lines in the entire field reached more than 58 billion, which was in a state of substantial volume compared with yesterday and even the previous few days.

At 2:33, the stock of Beijiang Jiaojian plummeted, and the decline was about 7%, which was also showing a trend of breaking through the ceiling and floor.

At 2:34, the number of stocks with daily limit in the two markets fell back to less than 20, and most of them were stocks with a one-line trend that was good for resumption of trading. The number of stocks with natural daily limit and turnover daily limit was less than 10. The profit effect of the two markets was rapidly declining compared with the morning stage. Similarly... the loss effect was rapidly increasing.

At 2:35, the panic selling effect of the two markets continued to expand, and Huaguo Zhongye experienced a flash crash, with the decline instantly expanding to 5%, and within one minute, the selling volume could reach 160 million.

At 2:36, Gemdale Group crashed, Kumho Group fell more than 5%, the real estate sector fell more than 2%, and the entire sector index fluctuated by more than 5% throughout the day.

At 2:37, the turnover of the two markets reached 150 billion, and continued to increase significantly compared with the previous period.

At 2:38, the Shanghai Composite Index fell by 1.5%, the index broke through 2420 points, and slid down at a faster speed.

At 2:39, the ChiNext Index fell by more than 2%, and among the core constituent stocks, LeTV, Netspeed Technology, Oriental Fortune, Huayi Brothers, and Light Media, which had rebounded strongly in the morning, fell into deep water, with a drop of more than 3%.

At 2:40, the market panic effect expanded sharply again, and China Metallurgical Group fell by 7%, and with the continuous explosion, there was a trend of killing the limit.

At 2:41, Shibei Hi-Tech closed the limit, and the turnover rate reached 17.5%.

At 2:42, all the high-priced hot concept stocks in the entire field of "infrastructure" and "state-owned enterprise reform" did not maintain their strength on the market, and all showed a sharp decline in volume.

At 2:43, the Shanghai Composite Index fell below 2410 points, approaching the 2400-point mark.

At this time, in Shanghai, within Yinghui Fund Company, Liu Guanhai, the fund manager of Yinghui No. 1, who was still optimistic in the morning and believed that the Shanghai Composite Index would definitely exceed 2500 points and continued to increase positions at high levels and kept full positions waiting for the rise, was already livid. He sat down on the chair helplessly, staring at the market blankly, unable to speak.

"Boss Liu, what should we do now?" Yu Lei asked hurriedly in the trading room.

Today's market trend completely exceeded their expectations and judgments, and the decline was very fierce, and the entire chip structure in the market was completely loose.

As fund managers, they must respond at this critical moment.

"Damn... this trend is simply poisonous!" Liu Guanhai cursed angrily, saying, "What else can I do? Sell it? Waiting any longer will only cause more losses."

His recent operations have really made his face swollen, and his trading views are contradictory.

However, the market is far from what he expected.

At this time, even if his views are contradictory, he must bear the pain and follow the market's trend to stop losses.

Yu Lei glanced at the fund backend account, which was rapidly expanding its loss range.

He also sighed very depressed, and helplessly issued a large-scale order to the traders to sell off their positions.

And as they joined the main force of selling off their positions without hesitation, the market, which had already become weak, collapsed again.

At 2:47, the Shanghai Composite Index officially fell below the 2,400-point mark, widening the decline to 2%.

At 2:49, the Shanghai Composite Index hit a low of 2493.76 points, and the intraday amplitude expanded to a 100-point range, destroying the results of the previous days of shock upward breakthrough in less than 2 hours, and at the same time, the market's consistent bullish sentiment that had been gathered with great difficulty was instantly shattered.

At 2:51, the market trading time entered the last ten minutes of the closing.

Due to the huge plunge, the market has already looked a bit oversold, so... at this moment, a lot of bargain-hunting funds began to enter the market, betting on post-market benefits and a short-term recovery and repair of market sentiment.

With the influx of these bargain-hunting funds, several major market indexes and related core hot stocks began to recover their losses.

At 2:55, after a short period of recovery, the Shanghai Composite Index returned to the 2400-point mark.

At 2:56, Beijiang Communications Construction rebounded violently and turned red again. The main funds pulled up popular stocks and re-condensed emotions to save themselves.

At 2:57, under the influence of the violent resurgence of Beijiang Communications Construction, many hot concept stocks saw a huge amount of bargain-hunting buying for a moment, and at the same time, the market's collapsed mood was indirectly restored. Many people still held the last glimmer of hope in their hearts.

Finally, at 3 o'clock in the afternoon, the Shanghai Composite Index was at 2405.97 points, down 2.07%, while the Shenzhen Composite Index and the ChiNext Index fell by 2.23% and 2.46% respectively. Not only did the major indexes fail to complete the final breakthrough and continue to open up the market space, but they also had an intraday amplitude of more than 4%, and the first huge negative line after the index rose continuously, which completely dispersed the market's consistent bullish sentiment.

In addition to the indexes that fell sharply, the most concerned thing is today's market volume.

The total turnover of the two cities reached 178.769 billion in today's huge shock and plunge, continuing to set a new high for the annual market turnover.

This transaction volume, compared with the trend of the sharp drop, is enough to show that the chip structure in the market has been completely loosened.

It also shows that the market rebound has come to an end and entered the stage of adjustment.

As for whether the Shanghai Composite Index can break through 2,500 points in the future, whether there is a possibility of continuing the upward trend and going out of a sustained bull market... No one can predict this.

At least it is foreseeable that under today's trend, there will be many more people questioning the "bull market".

The group of investors who originally held money and were itching to move may once again examine themselves and fall into new hesitation.

Of course, a single negative line with large volume cannot dispel the expectations of many determined bull investors.

But after the market closed, at 5:30 pm, the market's Dragon and Tiger list was refreshed, and the two major seats of "Fortune Road" and "Fusheng Road" were on the list, and both were ranked as the first selling seats of popular stocks, and rumors about "market IPO restart" spread rapidly...

Investors who were not crushed by today's plunge and still had many expectations for future long positions.

At this moment, the emotions in my heart collapsed instantly!