Chapter 851 The Core Theme of the Market Is the Overall Sell-Off!

9:31, only one minute after the opening.

'Lanshi Heavy Equipment', which opened sharply lower, quickly hit the limit down and hit the limit down again.

At the same time, the share price of 'Huake Shuguang' also approached the limit down. There are also nuclear power and military sectors that are strongly related to the stock of 'Lanshi Heavy Equipment', such as 'Fushun Special Steel, Dalian Heavy Industry, China Airlines Heavy Machinery, Hongdu Aviation, Aerospace Development...' and other follow-up related stocks, which also fell rapidly and plummeted.

At 9:32, the ‘military industry’ sector index fell by 3.75% during the day. The weighted stocks in the sectors such as China Airlines Shenyang Aircraft Corporation, China Airlines Xi’an Aircraft Corporation, Aviation Power, Northern Navigation, China Heavy Industry, and China Shipbuilding Industry Corporation all fell by more than 3.5%, especially the ‘Yuhang system’ heavy holdings that were once determined by a large number of funds in the market, such as ‘China Airlines Shenyang Aircraft Corporation, China Airlines Xi’an Aircraft Corporation, and Aviation Power Corporation. The market fell by more than 5% in just two minutes.

At 9:33, in the market, the ‘Yuhang system’ holdings of concept stocks continued to fall rapidly. The concept sector index of ‘Fortune Road holdings of concept stocks’ showed a sharp drop of 4.56%. The corresponding stocks of the entire concept sector were frantically sold by the main funds in the market.

At 9:34, the securities sector index fell by about 3.5% during the day.

At 9:35, the index of the "Internet Finance" concept sector also fell by about 3.5%.

At 9:36, the two major weighted sectors of banking and insurance fell by about 2.5% during the day. At the same time, the four major weighted sector indexes in the main line of "big infrastructure" such as "building decoration, building materials, commercial real estate development, and non-public transportation" also expanded their intraday declines to more than 2.5%.

At 9:37, "Huaxin Securities" exploded in volume of 2 billion in just 7 minutes, and the stock price continued to fall during the day, with a market decline of 2.73%.

At 9:38, "Huake Shuguang" struggled near the limit for 8 minutes, and at this moment, it was sealed at the limit, completely losing its previous strong momentum.

At 9:39, "Dazhihui" fell by 5% during the day, leading the decline of "Dongfang Fortune, Tonghuashun, and Dazhihui", the three musketeers in the Internet finance sector.

At 9:40, the Shanghai Composite Index's intraday decline widened to 2.13%.

At 9:41, the A50 Index's intraday decline widened to 3%.

At 9:42, the 'Yingkou Port' check also crashed to the limit at this moment. The entire 'Eurasian Economic Belt', 'Northeast Revitalization', and 'China-Japan-Korea Free Trade Zone' concept sectors were hit hard, and the corresponding stocks with the same concept were affected by the stock price trend of 'Yingkou Port' and plummeted.

At 9:43, the two checks 'Shanghai Sanmao and Shanghai Steel Union' plunged deeply.

At 9:44, the 'Shanghai Free Trade Zone' concept theme sector fell 2.33%, and the corresponding previous hot stocks in the sector fell across the board.

At 9:45, the 'new stock' sector index fell 2%.

At 9:46, 'Huaxin Securities' volume reached 3 billion, and the intraday decline widened to 3%.

At 9:47, ‘Huaguo Construction’ plunged 3.21%. At the same time, ‘Huaguo MCC’ ​​showed a straight-line dive trend, with a daily decline of about 6%.

At 9:48, the daily decline of ‘Eastern Fortune’ expanded to 4.33%.

At 9:49, the daily decline of ‘Tonghuashun’ also expanded to more than 5%.

At 9:50, ‘Huaguo China Railway, China Railway Construction, and China Communications Construction’, three infrastructure-weighted stocks with the Chinese character ‘Hua’, showed a synchronous straight-line dive trend, and the daily decline expanded to more than 4%.

At 9:51, ‘Huagong International’ showed a flash crash trend, and the daily decline expanded to 7%. At the same time, ‘Huaguo CNR and Huaguo CNR’ stocks fell synchronously, and the market decline expanded to more than 4%, and there was no trace of the previous strong trend.

At 9:52, the stock of ‘Huake Jincai’ experienced a flash crash, with a daily decline of about 7%, and became the most active leading stock in the ‘Internet Finance’ sector.

While the corresponding stocks of ‘Huake Jincai, Shanghai Steel Union, and Great Wisdom’ flash crashed, stocks like ‘Hengsheng Electronics, Changliang Technology, and Tianyu Information’, which had lagged behind the market in terms of growth and had not been hyped in the early stage, were relatively resistant to the decline.

Of course, it is not just these stocks that are relatively resistant to the decline.

The entire main line fields such as ‘big consumption’, ‘non-ferrous cycle’, ‘petrochemical’, ‘mobile Internet’, and ‘smartphone industry chain’.

A group of stagflation stocks at the historical stock price position.

At this time, they all showed a relatively resistant decline.

In other words, at this time, the real panic selling mainly occurred in the "big finance", "big infrastructure", "new stocks", "film and television media" and other previous support market breakthroughs, and the corresponding concept stocks and weighted stocks that have soared in the past month.

At 9:53, the intraday decline of "Western Securities" reached 7%, and the leading securities companies showed signs of collapse.

At 9:54, the intraday decline of the "Securities" sector index expanded again, reaching 4.12%.

At 9:55, the intraday decline of several popular stocks in the securities sector, including "Xiangcai Securities", "Harbin Investment Capital" and "Huatou Capital", also expanded to more than 5%.

At 9:56, ‘Dazhihui’ lost the main buying funds, and the stock price fell sharply to the limit.

At 9:57, almost before everyone could react, ‘Dazhihui’ hit the limit.

At the same time, under the influence of the ‘Dazhihui’ stock price hitting the limit, the two stocks of ‘Tonghuashun’ and ‘Dongfang Fortune’ also suddenly fell sharply, showing a flash crash trend with rapidly expanding volume.

At 9:58, the stock price of ‘Tonghuashun’ fell, reaching a 7% drop in the day.

At 9:59, the stock price of ‘Dongfang Fortune’ also fell by 7%.

At 10 a.m., the intraday decline of the ‘Internet Finance’ sector index expanded to 4.335, and other concept sectors related to the entire ‘mobile Internet’, such as ‘network security’, ‘mobile games’, ‘domestic software’, ‘Internet software applications’... and other concept sectors, showed a clear and serious deviation.

At 10:01, a number of software stocks such as ‘Huaguo Software, 2345, Netspeed Technology, LeTV, Inspur Information, Inspur Software, Renzixing…’, on the contrary, went against the trend and turned red.

At 10:02, the capital group that fled from the main line fields of ‘big finance’ and ‘big infrastructure’ began to intervene in the low-level ‘Apple concept’ sector on a large scale, and led the check ‘Changying Precision’. At this moment, the lightning closed the daily limit.

At 10:03, driven by the daily limit of ‘Changying Precision’.

Related stocks such as ‘Goertek, O-Film Technology, Anjie Technology, Xinwei Communication, Shuobei…’ have all shown a rapid rise in volume.

However, because the check ‘Lixun Precision’ was affected by the trend of the concept theme sector ‘Fortune Road Holding Concept Stocks’, it not only did not rebound strongly against the trend, but continued to fall amid the rise of a number of Apple concept stocks.

At 10:04, in the main line of "big consumption", Qianzhou Moutai rose rapidly.

At 10:05, the white appliance concept sector also moved again, such as the three giants of home appliances, "Grey Electric, Midea Electric, and Haier Electric", which rose rapidly and exploded upward, and took a clear counter-trend upward trend.

At 10:06, in the stagflationary "petrochemical" sector, stocks such as "Wanhua Chemical", "Lehman Oil", and "Petrochemical Oilfield Services" rose sharply.

At 10:07, stocks such as Jinxi Coal Industry, Shenhua Coal Industry, Pingmei Energy, etc. in the "coal" sector showed signs of rising against the trend, among which Pingmei Energy rose by more than 1% against the trend.

At 10:08, in the "pharmaceutical" sector, there were signs that the main funds focused on grabbing shares.

At 10:09, in the automotive sector, stocks such as Shanghai Automobile Group, Great Wall Motor, BYD, FAW China, Huatong Bus, Changan Automobile, Guangdong Automobile Group, etc. showed signs of going against the trend. Among them, FAW China rose 3% against the trend.

At 10:10, the Shanghai Composite Index began to rebound slightly after reaching the lowest point of 2.96%.

At 10:11, the A50 Index also stopped at a 3% decline and began to gradually recover.

At 10:12, a number of industry sector and concept sector indexes such as securities, banks, insurance, Internet finance, building decoration, building materials, non-public transportation, commercial real estate development, film and television media, new stocks, national defense and military industry, etc., showed a brief recovery.

At 10:13, the intraday transaction volume of Huaxin Securities reached 5 billion, and the intraday decline of the stock price shrank to 2.79%.

At 10:14, the stocks of the three major appliance giants, ‘Grey Electric, Midea Electric, and Haier Electric’, rose by more than 1.5%, and led the ‘white appliances’ concept sector to rise by more than 1%, becoming the leading concept sector among the concept sectors in the two markets.

At 10:15, the automobile industry sector index turned red.

At 10:16, the major industry sectors of food and beverage, retail, automobile, home appliance manufacturing, pharmaceutical commerce, coal, and animal husbandry all turned red and rose. Among them, the three major industry sectors of automobile, home appliance manufacturing, and food and beverage led the industry sectors in the two markets.

At 10:17, amid the ‘high-low switching’ of countless capital groups in the market, the Shanghai Composite Index’s intraday decline was reduced to less than 2.5%, and the three major industry sector indexes of securities, national defense and military industry, and film and television media, which originally led the decline, also reduced their declines from more than 4% to within 3% to 3.75%.

At 10:18, the share price of ‘Shanghai Automobile Group’ rose by more than 2%.

At 10:19, the weighted stocks in the three major liquor sectors, ‘Qianzhou Moutai, Wuliangye, and Luzhou Laojiao’, all saw their daily gains expand to 1%.

At 10:20, ‘Haixin Food’ suddenly hit the daily limit.

At 10:21, ‘Haixin Food’ hit the daily limit, and the food and beverage sector was once again attacked and scrambled by the main capital group.

At 10:22, the daily turnover of ‘Huaxin Securities’ expanded to around 6 billion.

At 10:23, the decline of the securities sector rebounded to around 3.5%, and at the same time, the daily decline of ‘Western Securities’ rebounded to around 5%.

At 10:24, ‘Yingkou Port’, which had hit the daily limit, suddenly opened the daily limit.

At 10:25, in the entire main line of 'big infrastructure', many sector trends have diverged to a certain extent. The commercial real estate development sector, as well as the 'steel' and 'machinery equipment' sectors, have begun to gradually pick up and strengthen, together with the 'building decoration, construction Materials, non-public transportation...' and other core sectors widened the gap in decline.

However, as the market's "high-low switching" trend becomes more and more obvious, the main financial groups in the market have clearly begun to shift from active offense to active defense.

The "Fortune Road Position Concept" sector, which has been favored and pursued by various funds in the market for more than a month, has continued to suffer a brutal decline from various funds.

At 10:26, the Shanghai Stock Index's intraday decline reduced to less than 2%.

At 10:27, there are more and more industry sectors and concept sectors in the red market. Even the most vulnerable, the main line of 'big finance' with a net outflow of main funds reaching more than 4 billion in the past hour, is now gradually having many The stocks that were stagnant in the early trading began to rebound sharply, recovering from the early panic and killing the market losses, and gradually turned red and rose.

"It seems that the market is going to 'switch between high and low', from aggressive attack to conservative defensive state. The path of capital attack, as well as the change in form, are becoming more and more obvious." At around 10:30 a.m., Yan Jingyi Inside He Capital Company, in the main fund trading room, Gao Xiang, as the leader of the company's fund product trading team, stared at the changes in the two markets, turned to fund manager Chen Yihe and said, "Mr. Chen, we should follow the 'high-low switch'. This idea of ​​switching from aggressive offense to defense has changed the position.”

As the company's main fund product manager, Chen Yihe looked at the main areas of 'big finance' and 'big infrastructure', which were still very weak, and the main funds were still showing a large outflow trend. He sighed helplessly and said, "What do you think... …Shouldn’t we continue to stick to the two main areas of ‘big finance’ and ‘big infrastructure’?”

Gao Xiang also sighed softly and said: "I don't think it is necessary to stick to it. The main funds of the 'Yu Hang Group' have reduced their positions and stopped profits on a large scale. At this stage, there should be no main funds that dare to continue to pull up the 'Big The two core main lines are finance' and 'big infrastructure'.

After all, everyone knows...

In the hands of the core major institutions of the 'Yu Hang Group', they are betting heavily on the two main lines of 'big finance' and 'big infrastructure', holding more than 200 billion in chips.

With such a large scale of chips, it has been determined that the chips are loose.

Before the main funds of the 'Yu Hang Group' have completely sold out their chips, and have not decided to continue to lock up the two main chips of 'Big Finance' and 'Big Infrastructure', who dares to catch this flying knife.

At this time, although the future expectations of 'big consumption', 'non-ferrous cycle', 'mobile Internet', 'smartphone industry chain'... these main areas are still lower than those of 'big finance' and 'big infrastructure' It's a bit worse, but the chips in these main areas are clean and the stock prices are generally low.

Since the chip structure of the two main areas of ‘big finance’ and ‘big infrastructure’ has been loosened.

So, under the premise that the bull market pattern of the market has not changed much and the underlying logic of the bull market is still solid, the funds withdrawing from the main areas of 'big finance' and 'big infrastructure' in the market will inevitably move towards these relatively certain expectations. , stock prices are very low, valuations are cheap, and areas with clean chips are gathered.

In this way... At this time, there is really no need for us to stick to the main areas of 'big finance' and 'big infrastructure'.

It can be clearly predicted.

In the short and medium-term follow-up period, the three major institutions of "Big Finance", "Big Infrastructure" and "Military Industry" have been continuously speculated in the early stage without clearly announcing the exact positions of the main market institutions of the 'Yu Hang Group'. The core main lines will definitely not be able to outperform the major main lines of 'big consumption', 'non-ferrous cycle', 'mobile internet' and 'smartphone industry chain' which are already showing signs of reversal.

Especially in the main line of 'big consumption'...

If the macro-economy is to recover, it will be impossible without the assistance of the core line of ‘big consumption’. "

"Okay!" Chen Yihe saw that the current market performance has indeed formed the situation that Gao Xiang said. At the same time, the main institutions of the 'Yu Hang Group' have large-scale operations in 'Big Finance' and 'Big Finance'. The operations of reducing positions and taking profits in the main areas such as infrastructure and military industry have also become a fact. In other words, at this time, it is indeed meaningless to continue to stick to the original trading strategy. I couldn't help but ponder for a moment and responded. , "Then follow the strategy in your mind and make timely position adjustments!"

Gao Xiang saw Chen Yihe and agreed.

He couldn't help but nodded quickly, and immediately ordered the traders to adjust positions quickly according to his own ideas.

Similarly, at this moment, many investment institutions and many core major institutions in the industry are seeing that the market has indeed begun to move out of the 'high-low switch' situation, and that the two core main lines of 'big finance' and 'big infrastructure' have loosened their chips, while 'big consumption' has become loose. ', 'Mobile Internet', 'Smartphone Industry Chain' and other low-level main areas are indeed frantically absorbing the main financial groups active in the market. They are also moving in this direction like 'Yihe Investment Company'. Adjust positions.

However, these people feel that market buying can support the index at this position.

And think that there is no problem with the logic of the market's 'bull market', or the majority of retail investors who are more optimistic in the market.

Or they overestimated the market's profit-taking selling pressure and the market's selling sentiment.

I saw that many main funds tried to pull up the 'big consumption', 'non-ferrous cycle', 'petrochemical', 'mobile Internet', 'smartphone industry chain', which have been adjusted for a long time, and the chip structure is relatively good, and there is basically no main line of profit-taking, to undertake the strong selling pressure formed by the main line fields of 'big finance', 'big infrastructure', 'military industry', 'film and television media', and 'new stocks' on the market, and wanted to complete the smooth switching of the main line market and stabilize the index.

At 11:09 am, the last 20 minutes before the two markets were about to enter the midday closing.

The weak 'Western Securities' suddenly turned downward again, and there was a flash crash again, and was crushed to death on the limit board by the continuous 10,000-hand main selling orders.

Affected by the limit down of the popular weighted stock of the securities sector, ‘Western Securities’, and the leading stocks.

The industry sectors, concept sectors, and corresponding popular concept stocks and weighted stocks in the main line fields such as ‘big finance’, ‘big infrastructure’, ‘military industry’, ‘film and television media’, and ‘new stocks’, which had originally stabilized slightly, have once again seen panic selling, and the corresponding individual stock prices, industry sector indexes, concept sector indexes... have once again plummeted at a faster rate than at the beginning of the trading session. (End of this chapter)