Chapter 637: Resistance Above, Support Below!

"A major positive stimulus from the news?" Gao Xiang pondered, "According to the current positive attitude of the regulatory authorities towards the market, this is possible, but in which direction?"

The main holdings of their fund have now shifted to the low-level "technological growth" and "mass consumption" sectors.

But whether the next core main line that can eventually take over the "infrastructure" and "military industry" market, realize the market's "high-low switching", and truly come out will be produced in the two main lines of "technological growth" and "mass consumption"? Neither he nor Chen Yihe is very sure.

"Who knows?" Chen Yihe pondered for a while and said, "The direction of the policy is unpredictable, but according to the future economic recovery and industry development, the fundamentals of the "technological growth" and "big consumption" fields will definitely improve, and there should be no shortage of policy stimulus benefits.

As for other directions...

In the direction of "big finance", banks are in the overall stage of off-balance sheet assets, and there is no trace of reversal in the insurance industry. As for the securities sector, thanks to the good performance of the market this year, there should be a certain degree of performance growth expectations, but in general, its future expectations are still a little worse than "technological growth" and "big consumption".

Although the Federal Reserve has slowed down the pace of interest rate hikes.

But it is still on the path of interest rate hikes, and monetary easing The policy basically ceased to exist.

In this way, it is difficult for the domestic monetary policy to shift from monetary tightening to monetary easing, and the constraints on monetary policy have led to the line of "big finance". Even if there are certain expectations, it is difficult to create a large space.

What's more, the current Shanghai Composite Index is constrained below 3,000 points.

It is still difficult to say whether it can break through and whether the expectations of the bull market can turn to consistency.

If the expectations of the bull market decline, and the market enters the adjustment channel next, then the expectations of the future of "big finance" will weaken, and there will be no market to speak of.

Furthermore, there are too many locked-in plates on the line of "big finance".

At the same time, there are too many large state-owned institutional groups lurking.

Such a heavy locked-in plate, when the expectations are not very strong, In the case that the market volume is very likely to decline, who will take the initiative to lift this extremely heavy sedan?

I think that no one in the main institutional group in the market should be willing to do so?

Let’s talk about the main line of the ‘non-ferrous cycle’. Although there are signs of global economic recovery, there is still great uncertainty about the strength of its recovery. Moreover, the problem of overcapacity in the ‘non-ferrous cycle’ industry is quite serious. According to the current analysis reports of various industries, it is far from the time for the cycle to bottom out. At least the problem of clearing excess capacity has not been solved yet.

In general, its investment logic has certain flaws.

This major main line, its future expectations and investment logic are even worse than those of ‘big finance’.

So, on the whole, in the entire market, there is really Only the two main areas of "big consumption" and "technological growth" have the ability to take over the two main lines of the industry of "infrastructure" and "military industry", as well as the funds in the entire market that have been siphoned away by the main lines of concepts such as "Eurasian Economic Belt", "New Era Road, Maritime Silk Road", and "Reform and Restructuring of Central Enterprises and State-owned Enterprises".

Our layout...

Although it is a little ahead of the market, from the current point of view, the overall strategy is correct. "

"Yeah!" Gao Xiang nodded, "I hope the macro policy news we are waiting for will come soon, otherwise the market will continue to fluctuate like this, and I am afraid that it will gradually exhaust the patience of the current active and aggressive investor groups. The so-called market investment confidence is very difficult to build, but it is very easy to destroy. ”

The current market has been surging for a quarter in a row after the core themes of ‘infrastructure’ and ‘military industry’.

It was not easy to build up investment confidence in the two cities.

It was not easy to increase the turnover of the two cities from 150 billion to 200 billion a few months ago to the current level of about 500 billion.

It was not easy to completely activate the market sentiment.

If the market continues to maintain a volatile pattern like it has been for more than a month.

If the main institutional groups in the market still have major differences in the main line investment, they cannot unanimously open the market situation and form a new market continuous money-making effect.

Then, it is foreseeable.

When the overall money-making effect of the market is gradually lost, hot spots are scarce, and the money-losing effect is gradually obvious.

When The large number of incremental funds that were attracted by the main market trends of "infrastructure" and "military industry" may be forced to reduce their positions or clear their positions and flee the market.

When the entire market begins to ebb, the volume begins to decline continuously.

Then, without the support of the volume of funds, the market at this position may be more difficult to hold.

At the same time, it may be more difficult for the main funds in the market to pull out a continuous market trend on other low-level main lines and maintain a continuous profit effect.

Therefore, Gao Xiang believes.

If the regulatory authorities want to fully maintain the market trend.

Then, when the market shows that it has been unable to break through and the main market trend is not smoothly converted, then it should be pushed at the critical moment.

Of course, this is just his personal idea and guess.

Whether the regulatory authorities will do this, and whether the market can rely on its own endogenous capabilities to complete the switch of the core main line... these all have to be based on the actual market trends.

Before many things actually happen.

No one knows exactly how the market will go next.

"Yes!" Chen Yihe said with emotion, "I am also worried about this. It is difficult for the market to heat up, but it will cool down very quickly. If we don't take advantage of the fact that the fire is still burning, we can find a way. Expand the fire. When the fire burns out, the market's continuous profit-making effect will completely decline. I am afraid that the market's subsequent volume and trend will continue to decline. Like last year's GEM market, it will fall back to the original point and adjust for a year and a half. It is not Impossible.

I just hope that at this time, there will be wise people in the regulatory authorities who can take advantage of the market's enthusiasm, which has not yet subsided, and continue to push the market when it is obvious that the market is exhausted. "

Gao Xiang nodded and said: "Based on the previous attitude of the regulators towards the market and the ecological changes in the entire market, I think it is entirely possible for the regulators to further stimulate the market."

"Hopefully!" Chen Yihe said with a smile, "The only thing we can do at this time is to wait for new opportunities in the market to appear."

With the two people analyzing and discussing the market conditions.

At the same moment, a group of retail investors gathered in the discussion area of ​​the trading platform saw the two main lines of 'infrastructure' and 'military industry' in the entire market, as well as the 'Eurasian Economic Belt' and 'New Era Road', which once had a money-making effect yesterday. The core themes of concepts such as the Maritime Silk Road and the reform and reorganization of central and state-owned enterprises all opened high and moved low. Not only did they fail to expand the profit-making effect, but they also showed a strong intraday money-losing effect.

For a time, everyone felt a little down and depressed.

"Hey, I thought I could make a breakthrough this time, but I didn't expect... it was a fake breakthrough again!"

Some people sighed helplessly.

"Why hasn't Mao been able to rise? Blue Stone Heavy Equipment's daily limit is already 20, so why can't the military industry sector make a move? Even such a strong leader can't take it?"

"There are too many funds to smash the market. The opening situation that was so good in the morning was suddenly ruined."

"At a glance, the two cities can only see the hot spot of 'sub-new stocks'. It's really miserable."

"I'm speechless. Damn it, I just chased the China Airlines Heavy Machinery check in the early trading. The market hasn't closed this morning and I've already lost almost 5 points."

"Hey, if you can't break through, you can only continue to look for support upwards."

"Is it still a washout? Let's take a look in the afternoon. Maybe we can recover the intraday decline in early trading?"

"The volume in early trading can be so large, it will be difficult to recover the decline in the afternoon."

"Why is 3,000 points so difficult? Recently, as soon as the Shanghai Stock Index crosses the 2,900 point position, it will inevitably adjust. The main funds of all parties are really brainless to smash the market at this position!"

"The 3,000 point position can be regarded as the dividing line between bull and bear in the market. Can it be difficult?"

"The key is just a few points of space. It shouldn't be possible to break through."

"The amount of energy is already 500 billion. I really don't know why it is so difficult to break through. I feel that the hold-up plate at this position should have been almost digested after more than a month of cleaning up."

"It doesn't seem like it's a lock-up problem, right? It's a problem that profits keep falling."

"They are all a group of institutions without structure. If these large institutions could imitate Mr. Su's 'Yuhang Department' funding, the Shanghai Stock Exchange Index might have passed 3,000 points long ago."

"Indeed, I am really speechless!"

"It's not a problem that the market has been stuck here. As the saying goes, it will fall after a long period of time. I'm afraid if it continues to be difficult to survive, the index will adjust downwards!"

"Hey, why can't I open the space?"

"At this time... we need Mr. Su to appear."

"Yes, if Mr. Su can come out, concentrate on pulling up the market, and show his face on the dragon and tiger list, maybe the index can pass. As long as the index exceeds 3,000 points, hey... the incremental funds pouring into the market , I’m afraid there will be more. I feel that at that time, the market will definitely explode.”

"Pull on the core heavyweight stocks in the fields of 'infrastructure' and 'military industry' such as MCC, China Railway Construction, China Airlines Shenyang Aircraft Corporation, China Airlines Optoelectronics, and Aviation Engine, and the market will pick up immediately."

"But Mr. Su hasn't shown up for a long time recently. I'm afraid I won't be able to count on him in the short term!"

"Hey, there's nothing we can do about it."

"Let's do sub-new stocks first. As long as the check of 'Bluestone Heavy Equipment' is still strong, then I feel that the 'sub-new stocks' sector can still set off a rising trend."

"The entire 'sub-new stock' sector is following the trend of 'Blue Stone Heavy Equipment'. To buy other sub-new stocks, why not buy the leading stock 'Blue Stone Heavy Equipment'?"

"It makes sense. We will continue to accept the check for 'Blue Stone Reinstallation' tomorrow."

"Is it going to be difficult to 'Blue Stone Reload' tomorrow? After all, the market trend today is really bad. All major lines have basically shown a trend of adjustment."

"Not necessarily. Originally, 'Blue Stone Heavy Equipment' was the overall leader in the current market, so the impact should not be significant."

"For a big monster stock like this, it is it that affects the market trend, not the market trend that affects it, and the overall market trend is not good. In theory, isn't it the main capital group that is concentrating on the core concept leading stocks? I think the 'Blue Stone Heavy Equipment' check is definitely not at the end of the market at present, and even the 'new stocks' sector may continue to have a high mood tomorrow."

"It is because of the full outbreak of 'new stocks' that the 'military industry' line cannot go up, right? After all, the 'new stocks' sector has also siphoned a lot of funds today."

"How is it possible? How big is the 'new stocks' sector?"

"To be precise, I think it is still the main capital of all parties in the market. The expectations on the main line are obviously inconsistent. Even if the market liquidity is sufficient and the transaction volume is high, the capital power cannot be concentrated on one point, resulting in the market being unable to effectively and continuously break through upward."

"Makes sense. I also think that the market's divergence on the main line is too large, which leads to the market's inability to break through."

"Then how to solve this problem...?"

"No There is a solution, we can only wait for the market to adjust itself and for funds to form a consistent direction at a certain point. "

"There is no problem with waiting, but I am afraid that the market will adjust and suddenly come with a strong wave!"

"It shouldn't happen. After all, the index has not fallen too much in the past month or so. At most, it has fluctuated between 2800 and 2900 points."

"Well, as long as the market volume does not decline, the index will not fall too much."

"As long as the index does not fall too much, it doesn't matter. Let it fluctuate. Anyway, we retail investors have plenty of time and are not afraid of fluctuations at all."

"As long as there is no With leverage, the main force will shake the market at will. "

"Hold on to the green mountains and never let go", anyway, I am determined to hold the stocks. I will never sell until the target price is reached and the Shanghai Composite Index breaks through 3,000 points. "

"I will see how long the main force can shake the market? Anyway, I will not sell. "

"Lock the position, lock the position, and I still say that if I don’t see Mr. Su’s main selling position on the Dragon and Tiger List, I will firmly lock the position and never sell a single share. "

"Must lock the position until the Shanghai Composite Index exceeds 3,000 points..."

In the discussion of the crowd, although there are many complaints and depressed voices, there are not many pessimistic people.

In general, in the market opening high and closing low, the market investment sentiment has not declined too much, and everyone still maintains a relatively optimistic spirit. They all believe that this is still the main force shaking the market, and it is a benign adjustment of the market at this position.

And it is also supported by this sentiment.

The Shanghai Composite Index, as well as the related "military industry" and "infrastructure" main line core stocks, and the corresponding concept leading stocks.

Once a sharp killing trend appears, the carrying capacity under the large volume will inevitably increase synchronously, causing the related stocks, sector indexes, and even the Shanghai Composite Index to continue to fluctuate downward, but obviously not panic trading, nor too deep market amplitude.

This proves the overall market structure.

There is still a huge main force on the top and strong support on the bottom. It is difficult to break through, but it is also difficult to plummet! (End of this chapter)