Rebirth of the Capital Legend

"Okay, that's what I mean." Lu Xiangxiang nodded, "Although the current market indexes, especially the Shanghai Composite Index and the A50 Index, have shown a trend of breaking upward, and judging from the K-line trend of the main line of 'big infrastructure', its related real estate, building decoration, building materials, nonferrous metals, steel, coal and other sectors have also broken through the previous shock platform, but... the uncertainty in the market has not been eliminated.

At this position, it is possible to continue to move upward or continue to adjust and pull back.

That is, the definite buying point on the right side has not appeared at the moment.

In this case, given that our fund positions are already heavy and have already been heavily invested in the main line of "big infrastructure", there is no need to continue to increase positions to gamble on risk and profit. The subsequent positions should be kept for maneuver, or we can wait for the market trend to become clearer and a definite right-side buying point to appear before entering the market. This will be better for the net value performance of our fund, and it is also a manifestation of responsibility to the investors who trust us."

At present, they manage the main fund product 'Jufeng Future Growth'.

More than 7% of its positions have been deployed in the main line of "big infrastructure", and because the positions were entered relatively early, it has made considerable profits at the current position.

In other words, in terms of positions and holding costs, they have already taken the initiative in the market.

Since we have already made substantial profits and have taken the initiative in the market.

Naturally, there is no need to further increase positions and give up this cost advantage and initiative at the current position, which may be a short-term high and in the absence of sufficient certainty.

Of course, Lu Xiangxiang feels that the current market index and the trend of the "big infrastructure" line lack certainty.

It is not yet a clear breakthrough pattern.

However, there is no obvious bearish view on future market trends, nor is there any plan to reduce positions and take profits.

As the two discussed the market trends and the expected development of the subsequent main market trends, the market time went on.

Major financial media and major stock analysts on the Internet.

But I am still blindly bullish.

Even as these guys continued to be bullish, some people called for a return to 5000 points.

Of course, the change in market sentiment will not change fundamentally due to the radical bullishness of this small number of people.

In the absence of more positive news in the evening, the overall market sentiment still maintains a certain degree of divergence.

It was just that evening, late at night.

The external market trend once again formed a breakthrough trend of opening high and closing high, and the major trends of the U.S. stock market hit new historical highs.

Over the next two days of the weekend, the overall bullish sentiment in the market began to ferment.

Then, after the weekend, when Monday, August 8, arrived, the sentiment feedback of the entire market had basically shifted to a situation where the bulls had an absolute upper hand.

"After the stimulation of the external market trend last Friday, I feel that the market sentiment before the market today has shifted to a bullish situation again." Noting the overall sentiment feedback of the pre-market, Lao Wu, one of the main speculators of the 'Magic City Ultra Short Gang', sighed, "In terms of market news over the weekend, there is actually not much positive stimulation. The emotional change stimulated by the external market trend alone is unlikely to be sustained. I feel that if the market opens high today like last Friday with the bulls taking the initiative, it will face huge selling pressure again and it will be difficult to form a pattern of opening high and closing high."

"Well, I also feel that it is difficult for consensus expectations to move in line with collective expectations." Xu Qiao took over and said, "Last Friday's pre-market sentiment feedback and opening trend are a lesson for us. If there is not enough positive news, it is very dangerous for the market to open high."

"I don't think so." Lao Zhang said, "Last Friday's intraday divergence turned into consensus, doesn't it mean that the market is bound to continue to break upward? At this position... open high and close high, quickly get rid of the profit-taking from last Friday's selling, continue to squeeze upward, so that the funds sold last Friday can't help but buy back the chips under the continuous profit effect, which can better stimulate the subsequent long-term forces inside and outside the market.

If this position, after last Friday's intraday divergence turned into consensus.

The trend is still hesitant.

Not only will that prevent the funds that were sold last Friday from coming back in, it will also cause other fund groups in the market to lack confidence in holding their positions, thus turning into a selling situation.

In other words, I think that if this position breaks upward quickly, the selling pressure will be smaller.

If the market is hesitant and moves upward in a fluctuating upward trend, the selling pressure will become greater and greater, and the market will eventually fail to break out and form a substantial breakthrough trend. "

"Brother Chen, what do you think?" After listening to Lao Zhang's analysis, Xu Qiao pondered for a while and asked 'Brother Chen'.

Brother Chen thought for a while and said, "I think what Lao Zhang said this time makes sense. At this position, after the divergence of large volume turned into consensus last Friday, if we want to further consolidate the chip structure today, we can't continue to increase the volume. We have to go for a breakthrough market with a consistent shrinking volume to further lock in the chips.

If it is the same as last Friday, there will be large volume and divergent fluctuations.

Even if the market can be stabilized and finally close with a positive line, it will be a sign of weakness.

If the market moves in this direction, then we have to lower our expectations and look for opportunities to reduce our positions and take profits, because once the market moves indecisively, confidence will be insufficient, and insufficient confidence will increase the desire of investors holding positions to sell, and once the selling pressure is high, buying will be hindered. "

"In that case... the bullish sentiment in the market must accelerate today, and the market must open high and close high?" Old Wu pondered for a moment and said, "If we start from the logic you two mentioned, the current market sentiment feedback is in line with the expectation of a high opening!"

Brother Chen paused and continued, "In fact, in my opinion, the current market sentiment feedback before the market is weaker than expected. I originally thought that after the intraday divergence turned to consensus last Friday, and the continued breakthrough of the external market trend, the sentiment would react more violently, at least not worse than last Friday's pre-market sentiment. Now it seems... I think too much.

Judging from the current market pre-market sentiment, although bulls are in a dominant position, there are still differences.

It can be clearly perceived that today's pre-market sentiment performance is much weaker than last Friday's pre-market sentiment performance.

It seems that last Friday's market trend still affected many people.

There should be quite a few investors who hold the view that the market may open high and then fall, and then dive again.”

"In that case, even if the market expects a high opening, it shouldn't be much higher, right?" Xu Qiao pondered for a moment and said, "A small high opening is not unacceptable, and a small high opening should be the easiest to resonate with various capital groups in the current market, right?"

"Well, if the market opens slightly higher, allowing the bullish sentiment to ferment freely, and at the same time, the large amount of funds that intervened last Friday do not have enough profit margins, reducing their desire to sell, that would naturally be the best." Old Wu nodded and continued, "In this way, it feels like there is hope for the market to continue to break upward, but... I feel that the market's call auction is unlikely to go according to our expectations."

"Things that can develop as expected are often of extremely low probability." Lao Zhang also responded at this time, "But if the opening auction trend does not meet expectations, it doesn't matter. In my opinion... the index has reached its current position, and after getting rid of a large number of early profit-taking orders on Friday, the market has only one way to go, and the resistance to the upward development of the market is currently far less than the downward adjustment." "Let's take it one step at a time." Xu Qiao paused and said, "Now there is not much time left before the market's formal call auction, so we just have to wait and see. If it opens much higher than expected, and the market is under severe selling pressure at the moment of opening, then we can follow the reduction of positions to stop profit, and then take back the corresponding profit-taking positions at the intraday low.

If it opens slightly higher and there is not much selling pressure, then hold the position and wait and see.

If the index opens lower than expected, you can wait until the opening, and then increase your position after you feel that it is lower than expected and that part of the market trend has been sold off, and then after the market completes the initial sell-off adjustment, you can sell the increased position at the intraday high after the market pulls up from underwater.

Anyway, this position is supported by the top range of the previous oscillation platform.

Even if it adjusts downward, the space will not be too deep. But if it moves upward aggressively, I feel that the volume feedback and incremental buying are slightly insufficient.

I tend to think that the market will continue to fluctuate within a range at this position.

But, ideas are just ideas.

Ultimately, we still have to respect the true market trend and adjust the corresponding trading strategy."

"Well, Xiao Xu's idea is correct." Brother Chen said, "Expectations are expectations, but when it comes to trading, we must respect the market's immediate trend."

"What about the main plot?" Lao Zhang paused and asked, "What do you think?"

Xu Qiao pondered for a moment and said, "Last Friday's performance was very good, and it took the lead in the market. At the beginning of today's opening, according to the trend inertia, it will definitely be relatively strong. Several popular concept stocks in the main field of 'big infrastructure' should have a certain degree of premium effect.

However, after the market opens, the main market trend is expected for the day.

Then I think the "big infrastructure" line may not have a very good buying point today, and it is impossible for it to continue to surge upward in a forced short position.

If the overall market sentiment is good.

On the contrary, I think that the stocks in the main sector of the 'emerging industrial chain' performed relatively weakly last Friday, showing a relatively large loss effect.

There may be a counter-trend today, and there will be a lot of funds to take over.

Overall, I think the current market is not mature enough for a general rise, and it is highly likely that the main rotation trend will still be a local effect. "

'Yeah, I agree.' Old Wu nodded and said, "I also think that the market has not yet gotten rid of the pattern of market rotation. Although the underlying logic of the 'emerging industrial chain' line is a little worse and the chip structure is not as good as the 'big infrastructure' main line, there are also some problems in the expected performance in the future.

But the advantage is that the position is low enough!

Also, if the overall market sentiment remains good, bullish sentiment can further ferment.

Then, the market's investment risk preference continues to rise, and many speculative capital groups will continue to choose to gamble on high-elasticity stocks, and the logic of hyping small and medium-sized and micro-cap stocks that are easier to control is also smooth.

So, if the market index can continue to move upward.

The 'emerging industrial chain' line is likely not dead yet, and there is still the possibility of a rebound and a new rebound trend. "

"However, in the 'emerging industrial chain' line, several core leading stocks, 'Quantong Education', 'Huawen Online', 'LeTV', 'Netspeed Technology', 'Baofeng Technology'... these stocks have really bad K-line patterns. I feel that if they want to make a collective rebound, the combined force of funds may not be that strong.

Moreover, the performance of this batch of stocks on Friday trapped a lot of funds.

Under the premise that the expansion of on-site liquidity still needs time to brew, will there be so many short-term active fund groups that will take the initiative to take over the market and liberate these trapped shares that are chasing high prices?

I think the possibility of this is still quite low.

If these core leading stocks cannot get out of this situation, it will be very difficult for the bullish sentiment on the "emerging industrial chain" line to form a synergy. "

"Although the market value of the entire 'emerging industrial chain' main line is not as large as the 'big infrastructure' main line, and there are also institutional main funds and 'national teams' that are concentrated in the weighted main line, the concept sectors involved and the number of related stocks are still relatively wide." Xu Qiao said, "Originally, the market status of 'Quantong Education', 'Huawen Online', 'LeTV', 'Netspeed Technology', 'Baofeng Technology'... these stocks did not form a consensus, and in terms of driving the main line market trend, they are far inferior to the 'Oriental Yuhong' stock.

Since there is no unanimous consensus, it is easy to use funds to replace a batch of stocks and create a new leader.

The K-line patterns of these checks are poor.

However, in the entire main field of the 'emerging industrial chain', there are quite a few small-cap concept stocks with good K-line patterns and relatively better chip structures.

Pull these small-cap stocks to create a certain money-making effect on the market.

I think it can also completely boost the bullish sentiment on the 'emerging industrial chain' line, right?
In other words, in the current market, except for the real leader, Oriental Yuhong, the death of other leaders will not affect the overall trend and market structure of the market. "

"What Xiao Xu said..." Brother Chen pondered for a moment and nodded slightly, "Indeed, there is such a possibility."

"Then let's see how the market opens." Old Wu said this, and glanced at the time. Seeing that it was almost 9:15, he turned his gaze back to the trading screens of the two markets.

And as several people turned their eyes.

At the same time, it has also attracted the attention of countless investors across the Internet.

Soon, as everyone was waiting, time passed quickly to 9:15, and the stagnant stock markets began to move rapidly.

In an instant, the two markets showed a general trend of opening higher.

Among them, as expected by most investors, the weighted main line and the "big infrastructure" main line, which performed strongly in the market last Friday, maintained their leading position in the generally high opening trend under the inertia of trend and emotional development, while the "emerging industrial chain" main line, which generally showed a strong loss effect last Friday, generally showed a low opening, or even a big low opening trend at this moment. (End of this chapter)