Chapter 622 The Main Capital's Test Run!

Afterwards, facing the main line sectors of the ‘infrastructure’ and ‘military industry’ industries that continued to rise and fall, and the increasing selling pressure, as well as the main line sectors of popular concept themes such as ‘Eurasian Economic Belt’, ‘New Era Road and Maritime Silk Road’, and ‘Reform and Restructuring of Central Enterprises and State-owned Enterprises’.

The crazy retail investors finally realized that something was wrong.

After that, the amount of funds actively undertaken by the sectors in these major hot core main line areas began to further decrease.

After that, due to the sharp decrease in the amount of funds actively undertaken, the profit-taking plates in the market began to further concentrate funds, smash the market to stop profits, and snatch the liquidity on the market.

At the same time, the expectations of market hot main line adjustments and market high-low switching are becoming stronger and stronger.

As several hot main lines continue to fall rapidly and the volume is further expanded.

In the main line areas of ‘technological growth’, ‘big consumption’, and ‘big finance’, there are further signs of the main funds’ attention and inflow, which makes the high-low switching of the two markets more and more obvious.

Around 1:30 p.m.

When the main funds in the market realized that the selling pressure of popular main lines such as "infrastructure" and "military industry" had been fully formed, the trend of adjustment was unstoppable, and the trend of high-low switching was also unstoppable, they began to actively pull the core stocks in the field of "technology growth" main line. Netspeed Technology, LeTV, and Oriental Fortune all showed a short-term straight-line explosion.

However, after the core stocks of these "technology growth" main lines rose by more than 3%.

In the entire market, there are not many main funds that converge on these core stocks, and there are not many retail investors who follow suit and undertake them.

In other words, due to the market's differences in "high-low switching".

In the face of the abnormal movement of these checks, the funds did not form a consistent force in this direction.

And there is no unified force...

After these few checks rose rapidly, due to the lack of follow-up effect and the lack of follow-up funds, under the pressure of a large number of locked-in positions and the selling of latent funds, they fell back to the starting point in more than ten minutes with a trend of gradual decline in shocks.

When the main funds failed to test the main line of "technological growth".

Around 1:50.

Facing the further decline and correction of the corresponding market hot main lines such as "infrastructure" and "military industry".

The main capital flow with different opinions began to test the main line of "big consumption". Qianzhou Moutai, Gree Electric, Midea Group, Haier Group... and other liquor and white appliances began to move rapidly, and the corresponding small-cap concept stocks began to rise straight up by funds.

However, the trend is the same as the main line of "technological growth".

After the short-term burst of volume in the straight-line pull-up, the abnormal movement of these stocks also failed to gather the market's hype sentiment in this direction, failed to attract too much main funds, and retail investors to follow suit.

As a result, the carrying power of these abnormally moving stocks continued to decline after the abnormal movement.

It also began to fluctuate and decline from the corresponding intraday highs, and gradually fell back to the corresponding starting point.

The failure of the pull-up of two major main lines in succession, and the inability to drive the concentration of market sentiment... and other related effects, caused the main group of large funds that were optimistic about the "big finance" main line and continued to adjust their positions in the direction of the "big finance" main line. At this time, they did not dare to rashly pull the market to forcibly gather market sentiment and follow-up funds.

After all, after the pull-up failed and could not gather popularity and follow-up funds.

The internal chip structure will also be further scattered.

This failed pull-up action is not only of no benefit to the emotional development of the main line market and the cohesion of the chip structure, but will further hit the market investors' emotions in this main line field.

Similarly, everyone found that in the entire market.

It seems that except for the industry sectors of "infrastructure" and "military industry", and the corresponding concept sectors around several core concept themes such as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Restructuring of Central Enterprises and State-owned Enterprises", other main lines cannot gather popularity at all and cannot produce the corresponding continuous money-making effect.

Many profitable funds that fled at the beginning of the trading session began to slowly flow back to these popular main line areas at low levels during the trading session.

Re-gather in this area to make a market.

And when these funds flow back...

The two major industry main lines of "infrastructure" and "military industry", as well as the concept sectors and industry sector component stocks in the core concept themes such as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Restructuring of Central Enterprises and State-owned Enterprises", as well as a number of related concept leading stocks, the fund acceptance power at low levels during the trading session began to gradually increase, and the stock price slowly rose and rebounded.

And in the process of the corresponding stocks of these major popular main lines slowly rising and rebounding.

The main areas of "technological growth", "big consumption" and "big finance" that once attracted the attention and inflow of major funds began to lose blood slowly, becoming the blood bags of the main directions of "big infrastructure" and "big military industry". The funds that just chased the main areas of "technological growth" and "big consumption" during the trading session, as well as the majority of retail investors, were ruthlessly harvested at this moment.

"What the hell is going on in the market today?"

Seeing the evolution of the market, it is completely fickle. The performance of many main lines is whether it should be weak or strong, whether it is buying or selling. At this moment, in Shanghai, inside Zexi Investment Company, the main funds In the trading room, Zhou Kan couldn't help but complain, "In the fields of 'technological growth' and 'big consumption', there are major funds trying to trade, but these funds ignited a fire, but then gave up in an instant. It is really... lack of courage." .

At the same time, after the time entered the late trading stage at 2 o'clock.

Surprisingly, all the active funds in the market have begun to flow back into the popular core main lines of the market such as 'infrastructure' and 'military industry'. This trend... is simply off the charts! "

Xu Xiang chuckled and said: "It's not surprising that a lot of funds have been transferred around and found that in the current market, except for the popular main lines of 'infrastructure' and 'military industry', they can gather popularity and gain the support of the majority of investors in the entire market." It is unanimously agreed that except for the ability to quickly attract followers, other main areas cannot be attracted at all. There is simply no main capital and a large number of retail investors to follow the trend.

In the financial trading market, funds are like running water.

The strength of the money-making effect and the strength of the consistency expectation in the market are just like the height of the terrain. The stronger the money-making effect and the stronger the consistency expectation, it means that the lower the terrain here, and the lower the terrain, the more natural the flow will be. It will flow into lower terrain.

This is a natural law and an unchanging law of capital speculation in the financial trading market.

It is said that no matter when, whether it is the index, the main line market, or individual stocks, any market change will always change in the direction of least resistance.

What is the direction of least resistance?

That is the consistent choice direction of funds, which is also the expected consistent direction.

In the current market, there is no doubt that although the profit margins of popular main lines such as 'infrastructure' and 'military industry' are too heavy, many funds can no longer help but want to stop profits, and the internal chip structure has begun to become obviously lax, but these popular The main line is that the investment inertia and investor sentiment and confidence formed by rising prices for several consecutive months have not dissipated.

At the same time, other main areas of the market have continued to be sucked by these core main lines in the past few months.

There has never been any sustained money-making effect, nor has there been such strong emotional expectations and investment confidence in these popular main areas.

Then, funds rush to boost these weak main areas.

Naturally, it is difficult to gather popularity and investment confidence in the first place.

Without the ability to gather popularity and investment confidence, and without funds to follow the market, there will be no sustained market. Without a sustained market, if funds do not return to the popular main lines of "infrastructure" and "military industry", where else can they go? After all, the first priority of capital investment is to seek benefits and avoid disadvantages!

Of course, consider these market factors.

It can also be said that the current opportunity for the main line market development of the real "high-low switch" in the market has not really arrived. "

After listening to Xu Xiang's words, Zhou Kan pondered for a moment and said: "Boss, according to what you mean, the market core market trends of 'infrastructure' and 'military industry' will continue? Then? We are reducing our positions on a large scale...isn’t it a mistake to reduce our positions?”

Xu Xiang responded with a smile: “It can’t be said wrong, our strategy of reducing positions on a large scale here is correct.

'Infrastructure' and 'military industry' are the popular core themes of the market. Although the sentiment and investment confidence are still there, the chip structure is obviously loose. The selling pressure above is extremely strong. At the same time, many of the main funds in the market are at this position. On the market, there are already many concerns, and they are often unwilling to continue to pull the market higher and let profit-making funds hit them.

And below...

When there is no other main line in the market that can undertake this part of the funds.

The funds have no other place to go, so they will take over them accordingly when they have profit-loss trading value at a low level, and speculate on concept stocks corresponding to these major main lines within the range.

All in all, it is when the market has not completely completed the 'high-low switch' of the main line.

The popular main lines of the market, "infrastructure" and "military industry," are a violent oscillation trend with volume that can maintain high levels. It will not rise too high, but it will not fall too deep.

This is what I said before, whether it is reducing positions or adjusting positions to other main lines.

Don't be too anxious.

The core main lines of 'infrastructure' and 'military industry', with such a large volume of circulation, have accumulated so much main funds and retail investor funds in the past few months, even if the chips are loosened and expectations change, it will not It will be sudden. Whether it is to reduce the position or increase the position of other main lines, we will have enough time to react. "

"Understood!" Zhou Kan nodded, "But it is estimated that under this range-bound oscillation mode, the subsequent market performance and hot spot switching will be very frequent, right?"

Xu Xiang nodded slightly and said: "That's for sure. When the popular main lines of 'infrastructure' and 'military industry' in the market cannot further open up the space for speculation, and the corresponding money-making effects of these main lines are gradually decreasing, then Funds will definitely choose the opportunity to speculate on other hot concepts.

It’s just because there is no other main line that can replace the core main lines of ‘infrastructure’ and ‘military industry’.

Condensing new concentrated emotions and continuous money-making effect.

Then, the capital's speculation on hot concepts must be mainly driven by news.

As for news-driven short-term concept speculation, the conversion speed of hot spots must be relatively fast.

At this stage, for funds with financial advantages and information channel advantages, it is a good opportunity for speculation, but for retail investors who do not have these advantages, I am afraid that they will be slapped in the face again, or even chase high prices frequently. investment environment. "

"Yeah!" Zhou Kan nodded and asked, "Boss, when do you think the market will form a real main line of 'high-low switching'?"

Xu Xiang shook his head and responded: "I don't know. All we can do is wait and wait for the market to form in a certain direction due to the news, other favorable stimulation, or even the confluence of various factors." We don’t know when the time to join forces will come, but we know that this time... will definitely come as the market situation further evolves.”

Zhou Kan thought for a while and continued to ask: "The boss still insists on the next core main line that can replace the popular main lines of 'military industry' and 'infrastructure' and condense market sentiment and capital consistency expectations, is 'big finance'?" "

"You have also seen today's market situation." Xu Xiang said, "The two lines of 'technological growth' and 'big consumption' are indeed unable to mobilize the investment sentiment and following sentiment of the entire market! Moreover, these two main lines, In terms of expectations and volume of circulation, it is actually inferior to that of 'big finance'.

Of course, this makes me firmly believe that the main line of the market, ‘big finance’, can come out.

The main reason why it can become an alternative to the current popular main lines in the market such as "infrastructure" and "military industry" is that I think that as the global economy has reached a new turning point and the Fed's interest rate meeting has tended to ease, the overall domestic monetary policy has There will also be unexpected changes.

As long as the macroeconomic monetary policy changes beyond expectations.

The line of 'big finance' has a natural source of expectation, and it can gather emotions and investment confidence very quickly.

At the same time, the market volume has reached the 400 billion mark.

This amount of energy has doubled, and several times, compared to the previous quarter, and even compared to the beginning of the same year!

With this amount of performance, the performance of securities firms cannot be bad, and according to the node of its performance disclosure, it should be reflected in the third quarter.

So...

I expect the main line of market conditions to switch, the time node when the market structure truly changes.

It should probably be around October, or November.

Of course, again, this is just an expectation. The actual market trend must be verified by the actual market trend to determine whether the expectation can be realized.

During the period when the market has not completed a real core mainline switch.

Faced with the frequent changes in market hot spots, we have to adjust the fund's profit growth expectations during this period. At this stage, what is important is not profit, but controlling drawdowns.

As long as the retracement is well controlled and most of the positions can be slowly adjusted to the 'big financial' line.

Then, we have the initiative to control the future market development. "

"Yeah, I understand!" After listening to Xu Xiang's detailed thoughts and expectations about the market and investment strategies, Zhou Kan finally had a thorough understanding of the current market changes, smiled softly, and said, " That being the case, let’s let this market shock be more violent!” (End of Chapter)