Rebirth of the Investment Era.

Afterwards, driven by the money-making effect of several popular themes such as 'infrastructure' and 'military industry'.

A lot of active capital flows in the market began to flow into these major popular mainline sectors at an accelerated rate, resulting in further bleeding of low-level mainline sectors such as 'Technology Growth', 'Big Consumption', and 'Big Finance', and also made the core of the market Hotspots, as well as market trends, are further concentrated in these major popular mainline areas.

Finally, under this market trend pattern.

When the market closed at 3 o'clock in the afternoon, the Shanghai Stock Exchange Index closed 0.89% higher, while the Shenzhen Stock Exchange Index and the ChiNext Index remained almost flat. Among them, the Small and Medium-sized Board Index fell slightly.

After the two markets closed.

Facing today's market, the main lines of 'infrastructure' and 'military industry' industries, as well as 'Asia-Europe Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', 'Shanghai Free Trade Zone', etc. The overall recovery and breakthrough trend of the popular main line in the early stage.

The majority of investor groups in the two cities are excited and excited.

After all, after the continuous strong trend of these popular main lines for several months, and the condensed strong profit-making effect, the retail investor groups currently gathered in these popular main lines have already occupied a large share of the investor group in the market. In other words, in the current market, the main places where active retail investors gather their positions are the popular main line fields of 'infrastructure' and 'military industry'.

In this way, when the popular main line fields of 'infrastructure' and 'military industry' are soaring across the board.

In the natural market, the retail investors who make money account for the majority.

And everyone is also happy to see the popular main lines of 'infrastructure' and 'military industry' continue to rise violently.

However, from another perspective.

After the popular main lines of 'infrastructure' and 'military industry' have gathered the positions of most retail investors, it also means that the bargaining chips of these popular main lines, compared with before, as the majority of retail investors continue to chase high, undertake and buy Jin, but scattered a lot.

Similarly, compared with the current weak "technological growth", "big consumption" and "big finance" and other low-level mainline fields.

These mainline areas, which have been fully adjusted and continue to show the effect of losing money, have been continuously sold at a stop loss by the majority of retail investors. At this time point, the bargaining chip structure has been somewhat narrowed and has become more cohesive.

In different main line fields, different bargaining chip structures have changed.

Naturally, it will also give new opportunities for the main line of the market to change.

However, before the main line of the new market changes, the vast majority of investors inside and outside the market can only see the current market changes, and most investors will only follow the market sentiment to adjust their positions and chase Among the vast group of investors chasing ups and downs.

Even if it was realized that the chip structure of core popular main lines such as 'infrastructure' and 'military industry' was loose.

As a result, the warehouse was adjusted.

The main positions have been adjusted to relatively low levels of many main financial institutions in the main line fields such as 'technological growth', 'big consumption' and 'big finance'.

At this moment, staring at such a closing situation.

Looking at the core lines of 'Infrastructure' and 'Military Industry', driven by the continuous daily limit of the big demon stock 'Blue Stone Heavy Equipment', it launched a comprehensive counterattack and hit new rebound highs and annual highs. Under the trend, I also began to doubt the previous strategy of adjusting positions.

Not sure if the market will go the 'high-low' route anymore.

Even, just within a few days, some of the main funds that have previously taken profit in advance and intervened in the low-level main line, found that the low-level main line could not condense emotions and form a consistent fund force, and formed a breakthrough trend upwards, thereby replacing the relatively high-level 'infrastructure',' After the main line market such as military industry', it returned to the popular main line fields such as 'infrastructure' and 'military industry', and got back part of the bargaining chips that had been thrown away before.

In short, under the seemingly hot money-making effect in the market.

In the popular main lines such as 'infrastructure' and 'military industry', there are signs of another upward breakthrough.

Among the large capital groups of all parties in the market, and among the hot money groups active in the market, the market trends in everyone's minds are still very different.

Of course, on the face of it.

Inside and outside the entire market, faced with the stock index almost standing at 2900 points, facing the popular main lines of "infrastructure" and "military industry" once again playing a hot money-making effect, facing the terrifying trend of "Blue Stone Heavy Equipment" 19 consecutive boards, emotions The consistency of the market, as well as the concentrated bullish power of the bulls, are still very strong.

At the same time, the overall turnover of the two cities in today's market has once again set a new high.

It reached the point of 5211.89 billion.

This amount of energy, basically, is the highest amount of energy in recent years. Looking back, the last time this level of energy appeared in the market was when the bull market peaked in 07.

Therefore, many people saw the market once again rising in both volume and price.

At the same time, the financing balance of the two cities has further reached 8700 billion.

Everyone thinks that the stock index will continue to rise and break through the key position of 3000 points, which is not too difficult at all.

However, the actual trend is often far from everyone's expectations.

The next day, Friday, October 10.

Under the double influence of the hot sentiment and the good external trend, the market opened higher in an all-round way.

Among them, the "infrastructure" and "military industry" industry main lines, which are the core main lines and core hotspots of the market, and the "Asia-Europe Economic Belt", "New Era Road, Maritime Silk Road", "Reform and Reorganization of Central Enterprises and State-owned Enterprises", "Shanghai The indexes of the main-line sectors hyped by the city's free trade zone' and 'nuclear power' concept sectors have even opened higher by more than 1% of the increase.

Moreover, like 'Blue Stone Heavy Equipment', a leading concept stock that the whole market pays close attention to.

It even directly opened higher at a 7% increase position, and the willingness of all parties to undertake funds is still very strong, and it has fully demonstrated the enthusiasm to hit the 20th daily limit.

However, such a hot opening situation.

After the market officially opened, except for the check of 'Bluestone Reload', which continued to hit the daily limit in a flash, and continued to seal the daily limit.

other……

The entire 'infrastructure', 'military industry' main line.

And around the 'Eurasian Economic Belt', 'New Era Road, Maritime Silk Road', 'Reform and Reorganization of Central Enterprises and State-owned Enterprises', 'Shanghai Free Trade Zone', 'Nuclear Power' concept sector hype and shock a lot of popular concept stocks , as well as concept leading stocks that had a strong money-making effect yesterday.

They drove high and low one after another.

After attracting a wave of aggressive funds to take over at the beginning of the session, it quickly dived, and lightning engulfed the gains that opened higher.

Of course, when these mainline concepts are diving high one after another.

There is also the main line that opened up the money-making effect yesterday, showing a strong state, maintained a strong momentum, continued to expand the money-making effect, and continued to gather funds to make a long-term effect.

That is the 'sub-new stock' sector that showed a strong state yesterday.

Today, after the official opening of the market, when the check of "Blue Stone Reloading" continued to hit the 20th daily limit, it rose rapidly again. The corresponding constituent stocks, especially the new stocks listed in the last two or three months, are even more They exploded in volume one after another, directly hitting the limit board.

10 minutes after the official opening...

'Infrastructure', 'military industry' and other popular main line fields in the market have fallen back below the opening position.

At the same time, it also dragged the index to go higher and lower, and once again lost the important juncture position of 2900 points that it broke through yesterday.

However, the 'sub-new stock' sector showed a dominant trend, frantically attracting the main funds in the market to follow suit and hype, and once again set off a trend of daily limit.

As for yesterday's weak shocks, there was basically no low-level mainline area that showed any money-making effect.

For example, the main lines of 'technological growth', 'big consumption' and 'big finance', today, in the trend of 'infrastructure', 'military industry' and other popular main lines, they barely kept up with the market, showing a relatively resilient Among them, there are also a few concept stocks that have soared.

However, a few concept stocks soared.

Under the overall situation of the market opening high and going low, it still failed to further intensify the investment sentiment and hype sentiment in these low-level main-line fields, resulting in the active main capital groups in the whole market from high-level and low-level areas to these low-level main-line fields. More and stronger money-making effects.

Generally speaking, after the market showed signs of a comprehensive breakthrough yesterday.

Today's market has not been able to continue its strength.

The popular themes such as "infrastructure" and "military industry" that everyone is looking forward to have not shown the continuous hot money-making effect as before.

And these popular main lines open high and go low.

It directly poured a basin of cold water on the investor groups who chased higher yesterday and in the early trading.

"Why do you feel that the trends of the core lines of 'infrastructure' and 'military industry' are a scam?" Seeing that the market, under the extremely high expectations of the majority of investors, instead drove high and went low, continuing to kill and bury people, and 'Infrastructure', 'military industry' and other popular main line fields, a lot of core component stocks, concept leading stocks, the selling price on the disk is also higher than the other. At this moment, Yanjing, Yihe Capital Investment Company, the main fund trading room, Gao Xiang, the leader of the trading team, stared at the board and frowned obviously, "Mr. Chen, do you think so?"

The fund manager Chen Yihe was standing beside Gao Xiang. Hearing Gao Xiang's words, there was a hint of helplessness in his sharp eyes, and he said: "Today's 'infrastructure' and 'military industry', the performance of these popular main lines, is obvious. It’s bigger than yesterday, it looks like...it’s a bit of a sign of a surge in shipments, but it’s not necessarily 100%, after all, the current market doesn’t have a low level of popular main lines such as ‘infrastructure’ and ‘military industry’ that can undertake adjustments Main line market.

The conceptual theme of "sub-new shares" shown alone cannot bear much capital at all.

Just relying on the concept of "secondary new shares" will not be able to stabilize the market.

Therefore, whether it is a scam or not depends on the final closing results of today's "infrastructure" and "military industry" after the violent intraday fluctuations of the major main lines. It is still too early to draw conclusions. "

"Hmm!" Gao Xiang nodded, and said with some doubts, "Except for the hot spot of 'secondary new shares', the market has indeed not yet shown the direction of the joint efforts of other core main lines, hey... low-level ones, such as 'technical growth', It is also strange that the main line fields such as 'big consumption' and 'big finance' have not been able to form a financial synergy.

It stands to reason that in the core lines of 'infrastructure' and 'military industry', the pressure on the disk has obviously increased.

The occasion of large-scale flight of profits.

There should be other low-level main lines standing up, siphoning the retreated profit-making funds, and completing the rotation and conversion of the main lines, but I didn't expect...

For such a long time, the market has been circling around the lines of 'infrastructure' and 'military industry'.

'Technology growth', 'big consumption', 'big finance', 'color cycle' and other low-level and severely stagnant main-line sectors, even if some funds are gathered for a while to go long, as a result several times, they only have a short-term rebound. It has not been able to open up the continuous money-making effect and form an effective breakthrough.

And this has led to the main funds from all walks of life, but they have no choice but to switch to popular main lines such as 'infrastructure' and 'military industry'.

However, the internal bargaining structure of the popular main lines of "infrastructure" and "military industry" has been obviously loosened for a long time. The funds that have been sent out will be turned around on a large scale at this relatively high position, and the bargaining chips will be returned to continue to concentrate on raising Is the main line of these huge volumes?
I think...the probability should be very small, right?

Moreover, after the chip structure is dispersed, the differences in this position are also large.

Relying on short-term hot emotions, it is possible to go for a one-day market. If you want to continue to create space, it is impossible to make sufficient adjustments in time and space.

And in my opinion, this is also possible under such a high market turnover.

After yesterday's hot emotional reaction, today's main lines such as "infrastructure" and "military industry" instead drove high and dived.

Such a large market transaction volume cannot promote the main lines of 'infrastructure' and 'military industry' to continue to rise.

Then I think that in the short to medium term, these major market hotspots are unlikely to be able to go up.

Losing the assists of several popular core main lines such as 'infrastructure' and 'military industry', if the index wants to continue to hit the 3000 mark, it must get other low-level, major main lines with strong expectations to carry out relay assists. "

"That's the truth." Chen Yihe nodded slightly, and said, "But the market is always at a low level and there are many main lines, and there is no way to form a concerted effort. Before too much money was rushed away in advance, and everyone understands the market situation. Trend, there will be a 'high-low switch'.

Therefore, many funds that think they are smart have switched ahead of time.

Early ambush in the low-level main line areas such as 'technological growth', 'big consumption', 'big finance', 'color cycle' and so on.

Waiting for the follow-up funds to take profit and withdraw from the main line fields of 'infrastructure' and 'military industry' to carry the sedan chair with them.

But before there is a huge change in the macro news in the market, how can many major financial institutions that still hold large-scale positions in the main line of "infrastructure" and "military industry" be so easy and willing to carry the sedan chair for others?
So ah, this has caused market divergence. In this position, it has been relatively large, and it is difficult to translate into a consistent direction.

In other words, at this time, there are no major institutions with large funds willing to take the initiative to guide the market with all their strength and make wedding clothes for others. Pulled up and smashed, but was picked up by the previously hidden funds.

Therefore, I have been unwilling to concentrate on pulling the market, quickly gather funds, and play the market forcefully.

And this led to the embarrassing situation that the main lines such as 'infrastructure' and 'military industry' could not go, and other low-level main lines could not get up, so that the index has been stuck in this position.

Also due to the situation of this huge divergence.

For other short-term capital groups, they can only take a slanted approach to do the scraps and feeder market such as 'sub-new shares'. "

"So... is Chen always not optimistic about the market going forward? Do you think that the stock index will probably step back on the support of 2700 points, or even 2500 points?" Hearing Chen Yihe's analysis of the market trend, Gao Xiang probably had a lot of doubts I understood what the other party meant, and asked with a smile, "But changes in market turnover can't fool people. The volume of 5000 billion is enough. The market liquidity is still quite sufficient when the volume is down. , but it has fallen, and the strength to undertake it is also very strong, it is estimated that it will not fall, right?"

Chen Yihe responded with a smile: "I am not optimistic that the market will break through 3000 points in a short period of time, but I am also not optimistic about the market. I guess the market will continue to maintain a volatile pattern. As for when it will change, I guess it has to be macro On the surface of the news, there is a major positive stimulus, which is only possible, otherwise the main funds of all parties in the market will continue to play games, and I am afraid that in the short term, it will be difficult to eliminate this huge difference and concentrate the funds in one direction."