Rebirth of the Capital Legend

At 1:01, the real estate sector index jumped from around 3% to around 3.5%. At the same time, within the sector, Maihe Group and Binjiang Group rose sharply and quickly hit the daily limit.

At 1:02, the core industry sector indexes of the two "big infrastructure" main lines, construction decoration and building materials, also quickly rose to more than 3.5%, and among the entire "big infrastructure" main line, the number of related concept stocks that hit the daily limit exceeded 15.

At 1:03, Oriental Yuhong's share price increased again, reaching 8%.

At 1:04, the Shanghai Composite Index surged to 2970 points, with a daily increase of nearly 1%, basically catching up with the gains of the Shenzhen Composite Index and the ChiNext Index.

At 1:05, several heavyweight stocks of the "big infrastructure" theme, such as Anhui Conch Cement, Poly Real Estate, and China Construction, also surged further and set new intraday highs. At the same time, among the A50 index components, core heavyweight stocks related to liquor and white appliances, such as Qianzhou Moutai, Wuliangye, Gree Electric Appliances and other stocks, continued to weaken, with the market decline widening and the trading volume also increasing simultaneously.

At 1:06, in the main area of ​​'big infrastructure', except for the three industry sectors of real estate, building decoration, and building materials, the intraday gains of all other related industry sector indexes exceeded 2%, and the active buying power in the market was still converging towards this main area.

At 1:07, the Shanghai Composite Index was further strengthened by the main line of "big infrastructure", and the intraday increase reached 1%, further setting a new intraday high and approaching 2980 points.

At 1:08, 'Quantong Education', the leading stock in the market's oversold rebound, has gradually weakened since the morning breakout. Now it has returned to a 4% increase, and the trading volume has increased to about twice that of yesterday's whole day. The selling pressure on the market is still huge.

As for other popular concept stocks of "oversold rebound".

Its trend is even weaker than that of 'Quantong Education'. Only 'Anshuo Information' is still hitting the daily limit due to the support of favorable news.

At 1:09, the trading volume of "Oriental Yuhong" once again increased and attempted to hit the daily limit.

At 1:10, the intraday increase of "Gemdale Group" exceeded 5%, showing a rapid and abnormal rise, which exceeded the increase of the sector index in one fell swoop and continued to outperform the market.

At 1:11, Oriental Yuhong's stock price hit the daily limit after its trading volume reached million in just a few minutes.

At 1:12, some major funds tried to close the daily limit of "Oriental Yuhong", but the moment the major closing order appeared, it was smashed by the profit-making funds in the market.

Immediately afterwards, at 1:13, the share price of Oriental Yuhong began to fall in large volume.

At 1:14, the share price of Oriental Yuhong rose back to around 8% and the strength of the market changed again. The selling pressure was affected by the explosion of the upper limit and was obviously heavier than before.

At 1:15, Oriental Yuhong's share price continued to fall back to around 7%.

At this time, noting that the core leading stock "Oriental Yuhong" was hit by a limit-up, the market trend of the entire "big infrastructure" main line also underwent drastic changes. Almost all related industry sectors and related hot stocks, after quickly consuming a wave of buying power in the early afternoon trading and consuming the bullish sentiment accumulated during the lunch break, began to show an increase in volume and a decline in stock prices.

At 1:16, Oriental Yuhong's share price rose back to around 6%. At the same time, the share prices of Gemdale Group and Huaxin Building Materials, two core leading stocks in the early stage of "big infrastructure" that had moved in sync with Oriental Yuhong, also fell back below 5%.

There are also a number of concept stocks on the main line of "big infrastructure" such as Financial Street, Chongqing Development, Dongpu Jinqiao, Shibei Hi-Tech, Hi-Tech Development..., which also showed obvious abnormal and downward trends at this moment, and the strength and weakness situation of the market began to change again.

At 1:17, the share price of Oriental Yuhong was still falling.

At this time, the real estate sector index, and the two industry sector indices of construction decoration and building materials, all fell back to 3%. As for other related industry sector indices such as steel, coal, and nonferrous metals, their increases all fell back to below 2%.

At 1:18 am, on the "Oriental Yuhong" trading board, the flow of large funds has changed from a net inflow to a net outflow.

At 1:19, affected by the rising and falling trend of the main line of "big infrastructure", the Shanghai Composite Index fell back to around 2970 points and was unable to break further upward.

On the contrary, the main line of the market, which had been weakening in the early afternoon trading, was 'oversold rebound'.

Since the main line of "big infrastructure" still did not open up substantial space after consuming the market's effective long-term power, at this moment... it actually began to explode and rise again.

At 1:20, the 'Internet software' sector exploded, and its sector index quickly rose by more than one point in one or two minutes, and during the whole rapid pull-up process, the intraday volume also showed an increasing trend. However, the buying funds consumed in the process of pulling up were far less than those of the industry sector index related to the 'big infrastructure' main line. This also shows that the 'Internet software' industry sector, which exploded in the bull market last year, was indeed seriously oversold when the sector index had been halved, and there was a gap in the internal chips, resulting in the fact that the locked-in shares and selling pressure at this position were indeed not large.

At 1:21, seeing that after funds attracted the 'Internet software' sector and no strong selling pressure was formed, other speculative fund groups in the market began to follow suit.

At 1:22, concept-themed sector indexes such as film and television media, electronic information, new energy industry chain, consumer electronics, Apple concepts, 5G communications, and a number of related concept stocks in the market also began to move abnormally, and active buying on the market was increasing rapidly.

At 1:23, as the overall 'oversold rebound' main line sentiment warmed up, 'Quantong Education', a concept leading stock that had a certain degree of recognition in the morning market trend and once led the market, began to be ignited by speculative funds and major hot money in the market.

At 1:24, the share price of the concept leader "Quantong Education" returned to the 5% increase position.

At 1:25, the share price of Quantong Education rose by more than 7%.

At 1:26, the stock price of Quantong Education rose by more than 8%, once again showing its momentum to hit the daily limit and return to the daily limit.

At 1:27, the stock of "Quantong Education" once again hit the daily limit.

At 1:28, a large buy order of 2000 million followed up at the upper limit price, which quickly blocked the upper limit of the check, creating a strong recovery trend.

At 1:29, driven by the leading stock "Quantong Education" that hit the daily limit, LeTV, Maruda Film and Television, Enlight Media, Huayi Brothers, Ciwen Media, Baofeng Technology, Guangdong Media... all these film and television media stocks, as well as Internet software stocks such as Netspeed Technology, Tonghuashun, Renzixing, 1.com, were all driven up and went out of the trend of rapid pull-up. At 30:, affected by the outbreak of the entire "oversold rebound" main line and the rapid pull-up trend of the two major industry sectors of film and television media and Internet software, the ChiNext Index, which had been relatively weak in the previous half an hour, once again became the strongest core index in the market.

At 1:31, the ChiNext Index rose rapidly, moving straight up to the point where the increase reached 1.53%.

Moreover, due to the outbreak of the main line of 'oversold rebound'.

A number of oversold small and medium-cap stocks and micro-cap stocks in other main areas of the market also faced a fierce attack from active buying at this moment.

At 1:32, the CSI 500 Index and the CSI 1000 Index all rose by more than 1.5%. On the contrary, the Shanghai Composite Index, the A50 Index, and the CSI 300 Index began to fall, and the related core popular component stocks began to turn from strong to weak. Among them, the current increase of "Oriental Yuhong" has fallen back to around 5%.

At 1:33, 'Huawen Online' hit the daily limit.

At 1:34, Ciwen Media hit its daily limit, and Guangguang Media and Huayi Brothers both saw their daily gains exceed 5%.

At 1:35, the ChiNext Index's intraday increase reached around 1.75%.

"Fuck, I was just talking about the 'big infrastructure' line, which was getting stronger and stronger today and had the trend of completing a substantial breakthrough first, but I didn't expect... it would suddenly slap me in the face." Seeing the market trends of the two markets suddenly change like a hurricane, Zhao Zhiyuan, who was among the main speculators of the 'Qilu Gang' at the moment, felt his cheeks hurt and was very speechless. He said, "Just because of this check from 'Oriental Yuhong', I lost 5 points of profit."

"For the 'big infrastructure' line, the sentiment was obviously strong just now, but it still did not form a comprehensive accelerated breakthrough trend, which is indeed a pity." Zhang Wei continued, "Now it seems that I think it is still a problem of market volume. After the excessive divergence of the 'big infrastructure' line in the morning trading today, the buying volume consumed was too large, resulting in the emotional outburst in the afternoon. During the upward attack, the buying volume could not keep up, which led to the rapid rise and fall of the market.

Instead, it is the market's 'oversold rebound' line.

Because whether it is the Internet software sector, or the film and television media, and electronic information sectors, they are all severely oversold, with a serious chip gap.

The selling pressure on the market at this stage will be relatively light, and there will not be much substantial selling force.

Even the trend in the morning was extremely volatile with large differences.

At this moment, when the main line of "big infrastructure" turned from strong to weak and could no longer siphon active buying funds from other main lines in the market, it was chased by other speculative funds in the market and successfully came out. "

"Indeed, the current market's 'oversold rebound' line does not require too much active buying funds to push the market up." Liang Jiucheng nodded at this time and said, "When market sentiment is hot and the core line is large in size and requires too much buying funds, the market is a little overwhelmed. Other branch sectors have less selling pressure and are easy to pull up to further consolidate the market's bullish sentiment. They will definitely become the only choice for funds to trade."

"This change was a bit unexpected." Zhao Zhiyuan said, "The trend after the afternoon opening is a bit like a replica of the morning market trend. The main line of 'big infrastructure' plunged sharply at the beginning of the trading session, and the 'oversold main line' became a substitute hot spot and the target of capital acceptance, which led to the rotation effect. Looking at this trend... Will there be another switch cycle in the late trading stage? How many times will it rotate in this day?"

"It shouldn't happen." Zhang Wei responded, "Buying orders are taking over funds. The trading volume this morning was large. In this case, the buying orders at the end of the trading day will only decrease, so it is highly likely that the market will not rotate to the 'big infrastructure' line. Of course, it will not rotate to the main weighted sectors such as liquor, white appliances, medicine, consumption, electricity, and finance, which are large capital consumers."

"With this round of movement... it's unlikely that the 'big infrastructure' line will not adjust for two days." Liang Jiucheng responded, "It seems that the market's 'oversold rebound' line will indeed continue for two days, but... this line should also rebound. Even if there is no expectation, it is impossible for it to continue to fall."

"What a pity! I should have decisively stopped the profit when Oriental Yuhong hit the daily limit just now." Zhao Zhiyuan sighed and said, "I feel that the fundamental reason for the plunge of the main line of 'Big Infrastructure' is still this stock. If Oriental Yuhong, the core leading stock, had hit the daily limit in the previous wave, the result might have been different. The entire active liquidity of the offline market might have been absorbed by the 'Big Infrastructure' line, forming a comprehensive explosive trend."

"It feels like if it really goes that way... it will overdraw the market's bullish power." Zhang Wei said, "This way, the main line and the branch line rotate to keep the market's bullish sentiment high, which is actually quite good. The 'big infrastructure' line is a trend flow, not a wave of hype based on good news."

"Yes, that's true." Liang Jiucheng nodded, paused, and then said, "But from a short-term perspective, whether it's the check from 'Oriental Yuhong', or the checks from 'Golden Land Group' and 'Greenland Group', or the check from 'HuaXin Building Materials', they have all reached the point of short-term profit taking."

"Indeed." Zhao Zhiyuan sighed helplessly and said, "Although I didn't sell at the highest point, the obvious trend of Oriental Yuhong today is that it will definitely not be able to recover. If I don't sell now, I'm afraid I will have to withdraw my profits tomorrow."

Having said that, he didn't wait for Zhang Wei and Liang Jiuchen to respond.

He immediately started placing orders to sell off his holdings of 'Oriental Yuhong'. At the same time, he also began to significantly reduce his holdings of the two stocks 'Golden Land Group' and 'Huaxin Building Materials' in his account.

Of course, at the moment he reduced his holdings.

In the entire market, there are many short-term investors who have the same idea as him and feel that the buying of these core leading stocks in the "big infrastructure" theme is fading and the selling pressure is continuing to increase. There are also many people who have the same idea as him of reducing their positions and taking profits.

This leads to the next...

As market trading hours move forward.

The selling pressure on related stocks of the "big infrastructure" main line, including core leading stocks, hot concept stocks, and leading stocks in weighty industries, is getting heavier.

Of course, the selling pressure on the main line of "big infrastructure" is getting heavier and heavier.

Correspondingly, the market's 'oversold rebound' line is trending better and better, and the corresponding rebound trend of small and medium-sized and micro-cap stocks is becoming clearer and more stable.

By 2pm.

Compared with the market opening at 1 p.m., the market trend has basically changed completely. (End of this chapter)