Rebirth of the Capital Legend

It is at this time that the emotions of retail investors and the main capital groups in the market are quite different, and there are also great differences in everyone's views on today's market trends, including the two main lines that performed completely different yesterday, namely the "big infrastructure" main line and the "oversold rebound" main line.

Soon, under the attention of countless investors in the entire market, 9:15 arrived and the two markets ushered in the initial call auction.

The stopped disk started to jump rapidly at this moment.

Then, in everyone's eyes, at 9:16, a number of individual stocks in the two markets, as well as several core themes of the market that everyone paid more attention to, showed their true face in the initial call auction under the combined buying and selling efforts of various funds.

With the combined efforts of funds...

Most stocks in the two markets opened higher in the green.

Among them, the stocks related to the "big infrastructure" main line and the stocks related to the weighted main lines such as liquor, white appliances, medicine, consumption, electricity, and finance were affected by yesterday's trend or emotions. At the moment of the initial call auction, their performance was obviously lagging behind other main line stocks in the market.

Yesterday, the market showed a strong money-making effect and a strong rebound trend, namely the 'oversold rebound' line.

Whether it is the component stocks related to the Internet software sector, or the component stocks related to the film and television media, electronic information, and new energy sectors, they all show a call auction trend that is significantly stronger than other market main lines.

Even the highly anticipated check for "Quantong Education" is maintaining its daily limit in the current call auction status.

At the same time, the overall style of individual stock trends in the market.

The situation of the call auction at this moment also maintained the pattern of yesterday's closing, that is, the performance of small and micro-cap stocks that were severely oversold in the entire market was significantly stronger than that of mid- and large-cap blue-chip stocks.

That is to say, under the inertia of the trend and also under the influence of emotions.

At the beginning of the call auction, the market continued the market trend and related stock performance style at the end of yesterday.

"Looking at the market trend at this moment, small and micro-cap stocks are obviously stronger than blue-chip stocks." Noting the obvious trend and style performance of the market-related stocks in the initial stage of the call auction of the two markets, Zheng Jinming, one of the main speculators of the "Suzhou system", said, "This situation... It is estimated that the market will continue the trend of the late trading yesterday. The sentiment and enthusiasm are basically still on the line of "oversold rebound". The main line of "big infrastructure" that had some positive stimulus last night did not show much performance in the call auction."

"The 'big infrastructure' line has been overdrawn due to the continuous upward breakthroughs in recent days." He Zhong said, "It is normal to adjust now. In addition, the 'big infrastructure' line buried a lot of funds that chased highs and bought yesterday. It is normal for the market to be under pressure."

"It seems that the favorable policy direction of the main line of 'big infrastructure' last night did not have a corresponding impact on the market trend of this main line today." Lao Qian in the group also frowned visibly at this time and said, "'Oriental Yuhong', 'Capital Group', 'Huaxin Cement', 'Huaxin Building Materials', 'Beijiang Communications Construction'... these large numbers of leading stocks in the main line of 'big infrastructure' that once performed strongly yesterday and were eventually smashed, basically, all opened at a deep low!"

"Look at the leading stocks in the auction." Zheng Jinming continued, "Looking at the call auction trends of the leading stocks in the 'big infrastructure' main line, it is estimated that today's 'big infrastructure' line will most likely continue to fluctuate and adjust in deep water. I said that this core main line...is not strong enough to break through the previous high, and sooner or later it will fall back and make adjustments, as expected!"

"Yesterday's adjustment of the 'big infrastructure' main line was simply restricted by market liquidity." Unlike several people who were pessimistic about the trend of the 'big infrastructure' core main line today, Zhang Xinlei seemed quite optimistic at this moment. He continued with a smile, "I think that if the 'big infrastructure' line today can open low to wash out the funds that chased highs yesterday and quickly clear out the sell-offs, it is likely to open low and close high. If the popular core leading stocks related to the entire main line can open deep, then the cost-effectiveness of intervening is actually quite high."

"Still sticking to the 'big infrastructure' main line? No way." Zheng Jinming said, "Obviously, the 'oversold rebound' line has formed a rotation trend with the 'big infrastructure' main line. At this time... shouldn't we buy strong and not weak? The 'big infrastructure' line seems to have exhausted its strength."

"It also depends on the trend of the weighted main line, right?" Lao Qian said, "I feel that the trend of the weighted sectors such as liquor, white appliances, medicine, consumption, electricity, and finance is also very important for the trend of the core main line of 'big infrastructure' and the trend of the 'oversold rebound' line. If the weighted main line continues to adjust today and liquidity continues to be released, then I think it is absolutely right to continue to do the 'oversold rebound' line. After all, the entire market, in terms of the market pressure and the chip structure, is really on the line of severely oversold small and micro-cap stocks, and the pressure is relatively small.

If today's main weight line returns to its previous trend, it will continue to be held by various major institutional funds.

Then, it will be difficult for a number of small and micro-cap stocks that represent an 'oversold rebound' to obtain more liquidity, and there will be a situation where there is insufficient buying to continue to attack upwards.

Naturally, it is difficult to achieve sustainability.

The same applies to the main line of "big infrastructure".

The general strengthening of the weighted main line will definitely have a positive impact on the "big infrastructure" line. On the contrary...if both of them show an adjustment trend, it will be more favorable for the "oversold rebound" line. "

"It is impossible for the weighted main line to reverse yesterday's trend today, right?" He Zhong said, "Obviously, the internal chips on the weighted main line are indeed loosening. I think that at present... among the three main lines of the weighted main line, the large infrastructure main line, and the oversold rebound main line, the weighted main line has the lowest potential and the lowest profit and loss ratio worth gambling on."

"It's hard to say. This trend has been the core theme for more than half a year..." Zhang Xinlei continued, "The inertia of the trend does exist. At the same time, although many of these heavyweights have a market value of more than 100 billion yuan, the actual active chips and circulating shares are not very large, and a considerable amount of floating chips are basically locked in the hands of major institutions and the 'national team'.

Therefore, institutional funds really continue to work together to push up this line.

The amount of buying consumed is actually not that much.

There is also the line of 'big infrastructure'... If the deep water opens, I think the actual selling pressure on the market will not be that great.

Because the price opens too low, the desire of many funds to sell will decrease.

Even the majority of retail investors in the market, in terms of trading mentality, generally do not hold on to their prices when they go up, and tend to hold on to their prices when they go down.

So, personally I think.

At this time, it is a bit too arbitrary to say that the "big infrastructure" line will not perform well in the intraday market, or it is too early to make this judgment. "

"Let's wait and see when the market enters the real call auction after 9:20, when orders cannot be withdrawn." Zheng Jinming said, "Anyway, I think the current 'oversold rebound' line has the highest risk-reward ratio, and the current K-line pattern of the ChiNext Index is much better than that of the Shanghai Composite Index."

"I also feel that the 'oversold rebound' line is more likely to continue yesterday's strong trend."

He Zhong pondered for a moment and said. Most of his current positions were decisively cut into the "oversold rebound" line at the end of yesterday's trading session. Therefore, whether in terms of views or interests, he is subjectively inclined to the "oversold rebound" line, and actually hopes that the "oversold rebound" line can be sustained and rebound, forming a certain degree of liquidity siphoning and a real main line market rotation trend for the "big infrastructure" main line.

And others...

Except for Zhang Xinlei, everyone else is clearly bearish on the current market trend of the "big infrastructure" main line.

Along with several people's analysis of the market performance in the initial stage of the two cities' call auctions, there are also predictions on the market trends of the major core lines.

Soon, the market trading time entered 9:20.

After the market entered the real call auction stage where orders cannot be cancelled, when numerous false orders were cancelled, the market situation at this moment showed obvious changes compared with the five minutes before 9:20.

For example, several popular leading stocks in the "big infrastructure" main line were originally in deep waters.

'Oriental Yuhong', 'Capital Group', 'Huaxin Cement', 'Huaxin Building Materials', 'Golden Land Group'... There were many active buying orders on the stock market to buy at the bottom. At the same time, the large number of selling orders that had been placed on these stocks were obviously withdrawn at this moment.

And the leading stocks in the main sectors such as liquor, white appliances, medicine, consumption, electricity, and finance.

Especially the A50 index constituent stocks.

At this moment, due to the withdrawal of some selling orders, the stock price trend also moved up a bit, from the obvious large low opening trend to a small low opening, or a flat opening trend.

On the contrary, before 9:20, the market trend showed a very good 'oversold rebound' line.

The performance at this moment is not as strong as at 9:16.

Among them, Quantong Education, which opened at the daily limit in the first five minutes, has now fallen back to around 7%, and the selling volume is still increasing.

Related stocks such as Ciwen Media, Chinese Media, and Enlight Media.

There are also leading stocks in the Internet software sector such as Netspeed Technology, LeTV, and 2345.com. Their active buying orders are gradually decreasing with the passage of call auction time. At the same time, their related selling orders are increasing over time.

At 9:21, the market increase of "Quantong Education" dropped to 6%. At the same time, the market decline of several core leading stocks in the "big infrastructure" main line, such as "Oriental Yuhong", "Capital Group", "Huaxin Cement", etc., shrank from below 5% to within 5%.

At 9:22, the decline of the entire real estate, construction decoration, and building materials sector index also rebounded from the 2% drop at the opening to around 1.2%.

And at the same time.

The three major industry sector indices of Internet software, Internet applications, and film and television media have fallen from a 1.2% increase at the beginning of the call auction to a 1% increase in the industry.

There is also the A50 index, which is also clearly climbing and recovering at the moment.

At 9:23, the increase in the price of 'Quantong Education' fell back to around 5%, and active selling still dominated the market. At the same time, the declines of stocks such as 'Oriental Yuhong', 'Capital Group', and 'Huaxin Cement' had narrowed rapidly from around 4% to around 2%, and with the passage of time, this phenomenon of narrowing declines continued, and active bottom-fishing buying played a dominant role on the market of several stocks.

At 9:24, Quantong Education's market share rose by about 3.5%. At the same time, LeTV, Netspeed Technology, Huawen Media and other low-priced oversold stocks that performed strongly yesterday, their market share gains have narrowed to almost zero and have begun to show a flat trend.

At the same time, the relevant constituent stocks in the A50 index field.

At this time, the decline in the market also narrowed to near the flat position.

Finally, when 9:25 arrived, the two markets welcomed the final call auction results, and the two markets froze again.

Among the major indices, except for the ChiNext Index, CSI 500 Index and CSI 1000 Index which maintained a slightly higher opening, the Shenzhen Index, Shanghai Composite Index, CSI 300 Index and A50 Index all showed a slightly lower opening trend, and the two had obvious trend styles.

As for individual stock trends, there are also sector trends.

At the last moment before the end of the call auction, the relevant industry sectors and related hot stocks under the main line of "big infrastructure" narrowed their declines and showed an overall trend of opening slightly lower.

The core theme is 'oversold rebound'.

Related Internet software, Internet applications, electronic information, film and television media, new energy industry chain sectors, and their related hot stocks.

Although it finally maintained the trend of opening higher in the red market.

However, these individual stocks and sector indices have basically been on a downward trend since the beginning of the call auction.

Therefore, although the market opened generally higher, it cannot be said to be strong.

As for the main line of weight, the A50 index opened slightly lower, which was in line with the market's original pre-market expectations. Moreover, the relevant core weight stocks did not change much compared with the results at the beginning of the call auction.

"Are you kidding me? The Quantong Education stock had such a strong daily limit yesterday, but after the call auction today, there was not much of a premium. It only opened higher by less than 2 points." Seeing the final opening results of the two markets, Zhao Zhiyuan, one of the main speculators of the Qilu Gang, was surprised. "And the Oriental Yuhong stock was expected to open at a big low, but... it was pulled up by a large number of bargain-hunting funds at the last minute before the call auction ended. Today's call auction trend... overall, it feels a bit different from the pre-market expectations!" (End of this chapter)