Rebirth of the Capital Legend

After the emotions had been brewing in the afternoon, the two stock markets had just started to move, and the major main sectors of the market and the corresponding hot stocks began to be fiercely attacked by various groups of follow-up buying funds.

Almost in an instant, the Shanghai Composite Index jumped from around 3015 points to around 3025 points.

It directly created a new high in the recent rebound.

At the same time, various industry sectors and hot stocks related to the main line of "big infrastructure" also showed a straight-line upward trend with explosive volume at the moment of opening in the afternoon.

Among them, real estate, building decoration and building materials are the three core sectors.

In an instant, the increase rate jumped from around 0.45% to 1%.

The core leading stocks in its sector, especially the highly-watched 'Oriental Yuhong', were pushed up to over 7% by the fierce active buying funds at the moment of opening, showing signs of hitting the daily limit again.

As for the morning trading trend, it dragged down the two markets.

Moreover, in the morning trend, the main line area of ​​'emerging industrial chain' showed a strong loss effect.

Film and television media, Internet software, Internet applications, electronic information... etc. opened high and closed low in the morning, and the market was severely sold off, leading the decline. In addition, a large number of popular concept stocks such as "Quantong Education", "Huawen Online", "Huawen Media", "Netspeed Technology", "Baofeng Technology", "LeTV"... were also quickly driven up at this moment. Both the sector index and the individual stock market decline were narrowing rapidly.

Even the check for 'Chinese Online' was issued at the moment of opening in the afternoon.

It rose in a straight line, jumping from 5 points below the water level to a slightly red position, topping the real-time growth list of the two markets, instantly becoming highly recognizable.

However, after all, compared with the weight main line, there is also the "big infrastructure" main line.

A number of popular concept stocks in the main field of 'emerging industrial chains' have worse internal chip structures and fewer main funds involved.

And because the weight main line and the "big infrastructure" main line have siphoned off most of the market's active buying funds.

Naturally, this also leads to a relative lack of buying in the "emerging industrial chain" line.

Therefore, after the concentrated release of emotions in the one or two minutes in the afternoon, soon... when the intraday volume began to decline again, the core concept stocks related to the main line of the 'emerging industrial chain' where buying power was relatively insufficient began to gradually fall back, causing this wave of pull-ups in the afternoon to form a pulse trend.

The main line of the 'emerging industrial chain' is showing a pulse-like downward trend.

It also indirectly affected the actively upward main line of "big infrastructure" and the good-performing main line of "weight", causing the overall investment sentiment of the market to become cautious after a brief outbreak.

At 1:08, the stock of 'Huawen Online', which had quickly pulled up from deep water and surged by more than 7 points in an instant, fell back to near the flat position from an intraday increase of nearly 4 points in just two or three minutes. The active buying orders dried up in an instant, while the selling orders continued to become endless.

At 1:09, 'Quantong Education', the core concept leading stock of the 'emerging industrial chain' and also the weathervane stock of the 'online education' sector, quickly fell back from its intraday high and returned to about 1.5 points below the water level. The counterattack momentum was instantly wiped out by the continuous selling.

At 1:10, 'Chinese Online' showed a green disk.

At 1:11, affected by the main trend of 'emerging industrial chain', 'Oriental Yuhong', the core leading stock of the 'big infrastructure' main line, and also the absolute core leading stock in the market at this moment, began to fall under pressure from its intraday high, and the market increase returned to around 5%.

At 1:12, the stock of "Capital Group", which had once pulled up from the lowest limit down position during the trading session, fell into deep water again.

At 1:13, the core industry sector indexes of several major "emerging industrial chains", such as film and television media, Internet software, Internet applications, and electronic information, also fell rapidly, continuing to lead the market decline.

At 1:14 am, the Shanghai Composite Index fell from its highest level of around 3025 points to 3015 points.

At 1:15, the intraday declines of the Shenzhen Index and the ChiNext Index returned to around 1%.

At 1:16, the intraday decline of 'Quantong Education' once again expanded to 4%. At the same time, the intraday decline of 'Online Education', a concept sector index that had been strong in the previous two days, also expanded to 2.5%, returning to the intraday low.

1点17分，华证500指数、全证1000指数的日内跌幅，也再次扩大到1.3%左右。

At 1:18, the intraday increase of the A50 index fell back to around 0.6%.

At 1:19, the intraday decline of "Shouchuang Group" expanded again to 5%. After a rapid rebound, it continued to fall and once again headed towards the limit down.

At 1:20, as the major main sectors were unable to withstand the selling pressure after consuming a wave of long power, and also because the market continued to plunge for more than 10 minutes, the influence of the losing money effect showed, the active selling in the market began to increase further.

At 1:21, the Shanghai Composite Index fell back to around 3010 points and was still fluctuating downward.

At 1:22, Quantong Education's intraday decline reached 5% and quickly returned to its intraday low.

At 1:23, LeTV suddenly experienced a flash crash, and its share price suddenly dropped from around 2.5% to 6%. At the same time, due to the rapid plunge of this weighted component stock of the ChiNext Index, the ChiNext Index's decline also increased rapidly.

At 1:24, the ChiNext Index's decline widened to 1.5%.

At 1:25, the flash crash of LeTV quickly affected almost all industry sectors of the main line of the "emerging industrial chain", including film and television media, Internet software, Internet applications, electronic information, etc., as well as all the corresponding leading stocks in the emerging industries.

At 1:26, driven by LeTV, Netspeed Technology also began to be unable to withstand the selling pressure and the decline widened rapidly.

At 1:27, the decline of "Netspeed Technology" widened to 4%.

At 1:28, the intraday decline of the ChiNext Index continued to expand to around 1.75%. At the same time, the Shanghai Composite Index fell below 3010 points.

At 1:29, the intraday decline of the 'Film and Television Media' sector index reached 2.5%.

At 1:30 am, when the intraday declines of the core industry sector indices of the four main lines of the 'emerging industrial chains', namely 'film and television media', 'Internet software', 'Internet applications', and 'electronic information', all expanded to 2%, the relevant industry sectors of the entire 'big infrastructure' main line, as well as a number of core concept stocks and industry leading stocks at relatively high levels, were also forced to bear the pressure one after another. The trading volume began to expand again, and the selling pressure also began to increase with the times.

At 1:31, Oriental Yuhong's share price fell back to a 4% increase during the day.

At 1:32, the intraday decline of "Capital Group" reached 7%.

At 1:33, the core industry sector indices of the three "big infrastructure" main lines, namely real estate, building decoration, and building materials, which had reversed the early morning adjustment and decline, all gave up all the gains and fell back to the flat position. As for the other nonferrous metals, steel, and coal sectors, they were already underwater. At 1:34, the intraday increase of the A50 index fell back to around 0.35%. At the same time, the Shanghai Composite Index fell back to 3000 points.

At 1:35, Quantong Education plunged 7%. After Huawen Online quickly attracted a batch of funds that followed the trend and chased high prices, the decline at this time also reached 5%, returning to the intraday low.

At 1:36, with the continued selling pressure in the market, the Shanghai Composite Index once again fell below 3000 points.

At 1:37, the indexes of major industry sectors related to the main line of "big infrastructure" fell back below the water level. No related industry sector could remain in the red. At the same time, the major related hot stocks and concept leading stocks continued to accelerate their decline. Among them, the increase in the market price of "Oriental Yuhong" has also fallen back to 2%.

At 1:38, the situation in the two markets was that only a few defensive sectors such as banking, petrochemicals, electricity, medicine, and liquor remained slightly in the red.

At 1:39, the intraday decline of "Capital Group" began to approach the limit again, and the related stocks of the entire real estate sector began to accelerate their decline.

At 1:40, the film and television media sector index fell nearly 3% during the day.

At 1:41, the intraday decline of the 'Online Education' sector index reached 4.22%, making it the sector with the most serious intraday loss effect in the two cities. However, before today's market opening, this sector was still firmly favored by countless investor groups in the market, and they planned to chase highs and increase their holdings at the opening.

At 1:42, after the Shanghai Composite Index fell below 3000 points again, the pace of its decline became even faster.

At 1:43, the Shanghai Composite Index fell back to 3095 points, not only reversing all the gains for the day, but the decline even widened to nearly 0.5%.

At 1:44, among all the core indices of the two markets, only the A50 index maintained a slightly positive trend.

At 1:45, the ChiNext Index fell by 2%.

At 1:46 am, the number of stocks that fell in the two markets reached more than 1900. At the same time, the number of stocks that hit the daily limit began to increase, and the number of stocks that hit the daily limit and broke the daily limit also began to increase. The overall money-making effect and the long-term capital follow-up effect began to decline rapidly.

At 1:47, when the entire market was indeed beyond recovery, a large amount of funds began to concentrate on defensive main-line sectors such as banks, liquor, medicine, and electricity.

At 1:48, when the vast majority of stocks in the market were still falling, the banking sector, which was heavily held by the "national team" and major institutions, began to buck the trend and its intraday gains gradually expanded. At the same time, electricity and liquor also made simultaneous gains, and the intraday gains of the A50 Index began to expand again.

At 1:49, the banking sector index's intraday gain reached 1%, leading the two markets.

At 1:50, the index of the liquor sector rose by as much as 1.5%. A number of core stocks, including Qianzhou Moutai, Wuliangye, Luzhou Laojiao, etc., rose against the trend. Among them, the share price of Qianzhou Moutai even reached a 2% increase at this moment.

At 1:51, driven by the strong counter-trend attack of the heavyweight main-line sectors such as banking, liquor, medicine, electricity, etc., the rapidly declining Shanghai Composite Index stabilized again near 2990 points.

At 1:52, the market began to show a more obvious polarization trend.

At 1:53, the weighted safe-haven sector and its related core leading stocks continued to rise. The adjustment trend of related stocks in the main line area of ​​'emerging industrial chain' and related stocks in the main line area of ​​'big infrastructure' continued to expand, and the corresponding stocks continued to weaken.

At 1:54, the share price increase of Oriental Yuhong further narrowed to around 1.5%.

At 1:55, the main-line stocks of the "emerging industrial chain" and the main-line stocks of the "big infrastructure", which had fallen to intraday lows, finally encountered resistance from the bulls, and many stocks began to rebound.

At 1:56, Oriental Yuhong's daily gain returned to 2%.

At 1:57, the Shanghai Composite Index returned to 3000 points, and the intraday decline of the ChiNext Index also returned to within 1.75%. It seems that at this position... the power of bottom-fishing bullish funds is still significantly stronger than the power of selling. The panic sell-off after the big dive that many people worried about did not occur.

At 1:58, the entire market began to reorganize its upward momentum, and after the short positions were vented, the potential intraday selling force was also greatly weakened at this time.

"Ah, today's trend is really amazing. This check of 'Huawen Online' made me lose both sides. In the morning, it was in deep water. I couldn't help but cut my position with stop loss. After the opening in the afternoon, I saw this check rising straight up, and it was obviously on the verge of a limit. I couldn't help but chase it back at the 5-point increase. Who would have thought... Damn, I was only going to lose 6 points, but now I have lost 15 points."

After seeing the market fall to the underwater low level of the morning adjustment, it began to organize bullish forces to attack. At this moment, a retail investor who had been deceived on the online stock investment exchange platform where a large number of retail investors gathered could not help but complain.

"Fuck, this is a typical case of you selling low and buying high. You're doing it the wrong way, right?"

"Alas, I was also fooled by the rapid and violent rise at the opening of the market this afternoon. The trend of the market today... is really poisonous. If it wants to rise, it should rise well. If it wants to adjust, it should adjust well. It rises violently one moment and falls violently the next. What on earth is it trying to do? How should it go?"

“I don’t understand. They’ve clearly made a breakthrough and created a money-making effect, so why are they coming back?”

"The rapid and violent rise at the opening of the market in the afternoon lacked volume, so after the rise, it was pushed back by profit-taking and previous historical locked-in orders."

"We shouldn't have rushed to push up the afternoon wave."

"Yes, the sell-off in the early trading today had already trapped a lot of funds. After the market went up in the afternoon, not many funds were willing to take over."

"Yes, it feels like the main funds in the market are still too eager."

"Although the market was jumping up and down like a monkey today, overall, the Shanghai Composite Index did not really fall below 2990 points. It still maintained an upward trend, right?"

"The Shanghai Composite Index has obviously been distorted and is entirely supported by the A50 Index."

"Yes, the Shenzhen Index and the ChiNext Index are more able to reflect the real situation of the market. Although the index adjustment today is not large, it has only maintained a narrow sideways fluctuation trend, but the overall market loss effect is not small, and... I feel that after 2 o'clock in the late trading stage, there is a high probability that the sell-off will continue, and there will be a more violent wave."

"No, right? With this wave this morning and this afternoon, all the funds that should have been sold should have been sold. The momentum of the day's sell-off is not strong. I think that in the late trading... the market is very likely to take the opposite trend of yesterday and go through a wave of correction."

"Recovery? Not likely. I feel the market sentiment and the intention of funds have changed."

Everyone was arguing and communicating fiercely...

During the market trading hours, the market is still moving forward amid the ongoing battle between bullish and bearish forces.

When the market trading time passed 2 pm and entered the closing trading period, the further sell-off and the spread of panic that most people were worried about did not appear. Instead, "Oriental Yuhong", the core leading stock in the two cities, took the lead and began to gather bullish forces and attack again. In just seven or eight minutes, the market increase was pulled back to 5%, and the strong shock situation continued. (End of this chapter)