Rebirth of the Capital Legend

"Sure enough, looking at the call auction situation at the beginning of the trading session, it is still continuing the trend of yesterday's closing stage." After seeing the market performance of the initial call auction of the two markets, Lao Wu said with a smile, "The 'emerging industrial chain' line seems to be opening much lower, but if it really opens much lower... it feels like a good intraday buying point while the large number of short-term funds chasing the high opening yesterday are cutting their losses. As for the 'big infrastructure' main line and the weight line, it is estimated that if the high opening situation is maintained today with the help of the sentiment after yesterday's closing, even if it can hold up the selling pressure at the beginning of the trading session and avoid a sell-off and shock, I am afraid it will be difficult to have any intraday profit margin.

In this comparison, the weaker 'emerging industrial chain' main line seems to have greater trading opportunities.

The main line of "big infrastructure" and the main line of weight are obvious opportunities to reduce positions and take profits at the beginning of the trading session. "

"Well, I agree with Old Wu." Xu Qiao laughed, "Looking at the sentiment feedback at the beginning of the call auction, it is obvious that the main sentiment is still on the weighted main line and the large infrastructure main line. However, these two lines are relatively large in size. Without further substantial growth in market liquidity and transaction volume, these two huge main lines are unlikely to continue to break through, and should still fluctuate upward.

Given these two main lines, it is unlikely that there will be a radical trend of sustained breakthroughs.

Then, the market will most likely maintain the trend of main line market rotation.

Moreover, yesterday's trend of the 'emerging industrial chain' line has cleared short-term profit-taking selling pressure and alleviated local upward pressure.

As long as market sentiment remains relatively good, there is indeed momentum for a rebound.

What's more, we all know the cost-effectiveness issue of gambling after a big low opening. It is impossible for so many smart capital groups in the market not to understand it.

So, I guess...

It is really unlikely that the 'emerging industrial chain' line will open with a big lower opening.

If the 'emerging industrial chain' line remains the same after 9:20, there will definitely be a lot of funds betting on a rebound entering the market to take over the bottom-fishing."

"I also agree with the 'big infrastructure' line. Today's opening is a point to reduce positions and take profits." Lao Zhang said, "But the weight line, I feel it should continue to rebound, right? After all, this line did not touch the heavy selling pressure when it rebounded yesterday, and if the index wants to continue to move upward, it cannot do without the help of the weight line!"

"Even if the weighted line doesn't rise, it's unlikely to fall." Brother Chen said, "The chip structure of this line is still very stable, and at this position, the selling pressure is not heavy. If the chip structure remains stable and the selling pressure is not heavy, it doesn't need too much buying to support it. In addition, the current market sentiment is not bad, and the external trends and news are obviously biased towards the positive side, so this line is likely to be stable."

"Although the 'big infrastructure' line has a lot of profit taking, it is unlikely to adjust downward, right?" Lao Zhang said, "I feel that this line is more likely to accelerate its main rise."

"You can tell by looking at the second half of the call auction and the trend in the first few minutes after the official opening."

As Xu Qiao spoke, his gaze returned to the trading screens of the two markets.

At this time, the market trading time has entered 9:18. On the disk, the weight main line is still maintained, and the industry sectors and related stocks of the large infrastructure main line generally opened high, while the industry sectors and related stocks of the 'emerging industrial chain' main line generally opened low.

Immediately afterwards, at 9:19, a large number of fake orders began to be withdrawn.

Then, when 9:20 arrives, the two markets enter the real call auction period where orders cannot be cancelled.

At this time, after a large number of false orders were cancelled, the high opening trend of the industry sectors and related stocks of the weighted main line and the large infrastructure main line has slightly declined.

A lot of bargain-hunting funds have poured into the 'emerging industrial chain' line.

As a result, the performance of the relevant industry sectors and individual stocks of this line was slightly stronger than that during the call auction period before 9:20.

"Eh... I feel like a lot of money is buying the bottom and going long on the 'emerging industrial chain' line." Noting that the relevant industry sectors and related hot stocks on the 'emerging industrial chain' line actually rebounded a lot after a large number of false orders were withdrawn after 9:20, there were signs of active buying. Among the main speculators of the 'Suzhou system' at this moment, Zheng Jinming said in surprise, "If it is not weak when it should be weak, it is strong. It seems that today's 'emerging industrial chain' line may not necessarily die. It is likely to reverse yesterday's trend."

"The 'emerging industrial chain' line shows signs of bottom-fishing funds at the moment." Hearing Zheng Jinming's surprised voice, Zhang Xinlei nodded and said, "But the 'big infrastructure' and weighted stocks, the two core lines that performed quite well yesterday, have some problems in their call auction trends."

"Will the 'big infrastructure' line follow the same trend as yesterday's 'emerging industrial chain' line?" Lao Qian in the group also responded at this time, "Why do I feel that although the market has been fluctuating and rising recently, the sustainability of the several core main lines is not very good, and there is basically no smooth trend."

"The trend of the 'big infrastructure' line should not be the same as yesterday's 'emerging industrial chain' main line. The two main lines are completely different in the nature of the funds involved, the basic logic, and the expectations of various funds on the market for the two main lines." He Zhongying said, "I feel that the trend strength of the 'emerging industrial chain' line is still a little worse than that of the 'big infrastructure' line. According to normal logic, today's 'big infrastructure' line should be shrinking and accelerating. However, the performance of the market...sometimes it is often unexpected."

"Old He, why are you optimistic about the 'big infrastructure' line again?" Old Qian laughed, "You can't sell the 'emerging industrial chain' line. Several stocks such as 'Quantong Education', 'Netspeed Technology', and 'Baofeng Technology' have been adjusted to high positions to take over the 'Oriental Yuhong' check, and then start to sing bullish songs, right?"

"It has nothing to do with what I think or not." He Zhong said, "The market performance is like this. If the 'big infrastructure' line wanted to adjust and fluctuate, at the end of yesterday's trading session, various funds would have rushed to raise the line and brought it back to the intraday high. I think the main upward trend of this line has not yet been completed, and the 'Oriental Yuhong' check has not even touched the 10-day line. Isn't this considered strong?"

"I think what Lao He said makes sense." Zheng Jinming thought about it for a while and responded, "Although the current performance of the 'emerging industrial chain' line is slightly better than before 9:20, it is still relatively weak compared to the other two main lines of the market.

Currently, the group of active buying funds in the market is mainly concentrated on the "big infrastructure" line.

You can tell from the check from Oriental Yuhong."

"Can't the main lines all develop upward?" Zhang Xinlei said, "It feels like after the Shanghai Composite Index stabilized at 3000 points, the overall market sentiment of buying has clearly warmed up, and the market turnover has also increased a lot in the past few days, which shows that many off-market capital groups have also begun to enter the market.

Since there is a continuous entry of incremental funds, coupled with the continued fluctuations at the 3000 point level.

The internal chips of the weight main line and the large infrastructure main line have been re-condensed, and the current selling pressure is actually not that great.

As for the 'emerging industrial chain' line, after yesterday's violent fluctuations, most of the recent profit-taking orders and the previous historical locked-in orders gathered near this position have been cleared. In other words, the potential selling pressure currently faced by each core line is not large. In this way, with the help of incremental funds, a general upward trend is entirely possible."

"It's probably still difficult to see a general rise!" Old Qian sighed and said, "Although the volume of the two markets has recovered a lot compared to the previous period, it is still not enough to support a general rise. Moreover, in the past few days, when the Shanghai Composite Index was hitting 3000 points, the market has been following the main line rotation trend. We can't presume that the market will change its market style at this time point."

"Old Qian is right," Zheng Jinming responded, "Follow the market, don't predict the market."

"Let's take a look at the call auction trend in the last few minutes and the final opening result." Lao Qian said, "If there is continued capital grabbing in the next few minutes for the 'emerging industrial chain' line, and the entire call auction trend continues to go up, then we can indeed expect it to be slightly higher, and buy back some of the chips that were previously sold to take profits when the market opens. As for the 'big infrastructure' line... I feel it's hard to say, it feels possible that the upward volume will accelerate, or continue to fluctuate and adjust. As for the weight line, it is mostly a fluctuating trend. This line is huge, and it is unlikely to continue to rise if the market sentiment and confidence have not completely formed a clear trend."

"The weight line is the main battlefield for institutions." He Zhong said, "As for the short-term trading model, it is enough for us to focus on the line of 'big infrastructure' and the line of 'emerging industrial chain'."

Following a brief discussion among the group members...

The market trading time has now entered 9:23.

As the market call auction time progressed, the stocks related to the main line of "emerging industrial chain" continued to rise with the continuous influx of bottom-fishing funds, while the main line of "big infrastructure" and the main line of weight also stabilized at this time, maintaining a slightly higher opening trend.

Finally, when 9:25 came, the collective bidding in the two cities ended.

The Shanghai Composite Index opened slightly higher at 0.33%, the Shenzhen Composite Index remained flat, and the ChiNext Index, CSI 500 Index and CSI 1000 Index were dragged down by the 'emerging industrial chain' line and opened slightly lower.

In addition to the index...

The major core themes of the market, as well as the performance of major industry sectors and concept sectors.

It can be seen that although the final opening positions of the industry sectors and related stocks related to the "big infrastructure" main line have fallen back compared to the initial stage of the two markets' call auction at 9:15, the related industry sectors and related stocks of this core main line still maintained the trend of leading the two markets at the end of the call auction.

Among them, the three core industry sector indices of real estate, building decoration, and building materials all opened higher by more than 0.6%, significantly outperforming the performance of major market indices.

And these are the popular leading stocks in these three core industry sectors.

Stocks like 'Oriental Yuhong' opened at a 3% increase, setting a new high in this round of rebound as soon as it opened, approaching the highest level of the year.

In the weighted main line areas, except for the liquor sector which opened slightly higher.

White goods, pharmaceuticals, electricity, finance, and petrochemical sectors all opened flat, with neither a corresponding premium nor obvious negative feedback.

As for the main area of ​​'emerging industrial chain' which is also receiving a lot of attention.

The 'online education' sector, which had a more obvious loss effect yesterday, remained the concept sector with the most serious loss effect in the two markets at the opening today. Its sector index fell 2.75% at the opening. Several popular stocks within the sector, including 'Quantong Education', 'Huawen Online', 'Huawen Media'... all opened low.

Among them, the stock price of 'Huawen Online', which had a huge intraday fluctuation yesterday and a shock of more than ten points, opened directly at a drop of 6%.

However, at the beginning of the call auction at 9:15, the stock opened at the limit down.

Therefore, although its initial decline at the opening was large and opened lower, it still recovered a lot compared to its performance before 9:20.

And through the flow of funds on the market.

During the entire call auction process, large orders for this check actually showed a net inflow trend.

In addition to the 'online education' concept sector that led the decline, several core industry sectors in the main field of 'emerging industrial chain', including 'film and television media', 'Internet software', 'Internet applications', and 'electronic information', also performed relatively weakly at the opening, and were in the leading position in the decline of major industry sector indices in the two cities.

However, the index trends of these major sectors.

Almost the same as the check from 'Chinese Online'.

Despite its opening result, it was the weakest performance among the two markets.

However, during the entire call auction process, the indices of these major industry sectors did gradually recover, which was a strong performance amidst a weak trend.

Faced with the final opening results of several core market lines and the opening results of the entire market index.

At this moment, in the stock investment exchange forum across the entire network, there are still a number of major hot money groups, as well as the internal groups of major institutions. Most of the investor groups are looking at this opening situation. Although they do not feel any surprises, they do not feel that it is lower than expectations.

Overall, this opening result is generally in line with the expectations of most investors.

Among the opening results that were generally in line with expectations, some clearly exceeded expectations. It is worth noting that the focus was on the "emerging industrial chain" line and its core popular leading stocks, which opened low and seemed to lead the market decline, but during the entire call auction trend, a large amount of funds were bargain hunting, and the trend continued to rise. (End of this chapter)