Rebirth of the Capital Legend

"The internal chip structure of the 'big infrastructure' line is indeed relatively stable at present, and judging from the recent volume performance of the 'Oriental Yuhong' check, it is highly likely that 'Fuxing Road' has not left the market, but..." Li Jinshi paused and continued, "The current market sentiment and speculation trend are not on the 'big infrastructure' line, and there has not been any unexpected positive news on the 'big infrastructure' line recently.

The previous favorable expectations, as the corresponding core sector indexes and corresponding concept stocks along this line have already risen to relatively high levels, are unlikely to stimulate sentiment or cause further concentrated long-term efforts from various market capital groups!

I feel that if the 'big infrastructure' line is to continue to expand upwards, there is room for it to expand.

New favorable stimuli are still needed.

Otherwise, the performance needs to be realized to drive down the valuation of the corresponding core leading stocks, so as to use the performance to passively raise the stock price.

Otherwise, considering the current attitudes of various market capital groups towards this main line.

There is a high probability that the volume will continue to shrink and the market will go sideways.

Many major institutional capital groups gathered in the "big infrastructure" line are not willing to shift their positions to other main lines for the sake of certainty, and have no plans to continue reducing their positions.

But correspondingly...

Too much money is locked up here, which actually has both advantages and disadvantages for the continued evolution of the market.

How does the saying go? If there are too many people riding in a sedan chair, then even if the expectations are good, the people carrying the sedan chair will not be willing to carry it.

This situation currently exists in the "big infrastructure" line.

Why is it that the main line of 'emerging industrial chain', especially the three core industry sectors of film and television media, Internet software, and Internet applications, has no strong positive factors and no clear expectations for future performance explosion, but can continue to attract short-term funds from all walks of life to gather and speculate in the near future, and has a strong money-making effect?

Because at this stage...

The relative upward pressure on the 'emerging industrial chain' line is still smaller than that on the 'big infrastructure' line, as well as the main weighted lines such as liquor, white goods, medicine, consumption, electricity, and finance.

No matter what time, I believe that the market trend will develop in the direction of least resistance.

At the current stage, the upward resistance of the 'emerging industrial chain' main line is the smallest, and the corresponding 'big infrastructure' main line, liquor, white goods, medicine, consumption, electricity, finance and other market weight core main lines are under greater pressure. Therefore, the 'emerging industrial chain' main line should be the main target.

As for the follow-up, as the stock price rises, or the market hype sentiment cools down.

When this balance is broken.

When the upward resistance of the main line of the 'emerging industrial chain' begins to be significantly greater than the main line of 'big infrastructure', or the main lines of liquor, white appliances, medicine, consumption, electricity, finance, etc., then it is actually not too late to make a choice of investment direction at that time.

In my opinion, the real trend direction of the market.

It is just the direction with the least resistance under the combined effect of the internal chip structure, market hype sentiment, and corresponding positive expectations and negative expectations.

Other factors include fundamental conditions, strength of future expectations, performance explosion, etc.

In the short-term market trends, they are not the most important factors.

Judging from this combined force of funds and the size of the resistance reflected in the market, the adjustment trend of the main line of "big infrastructure" and core sectors such as liquor, white appliances, medicine, consumption, electricity, and finance has obviously not ended, and there is no clear opportunity for left-side layout. "

"The market will always move in the direction of least resistance at any time," Liao Guoxiang said, "but with the influx of funds, the direction of least resistance in the market is not a relatively static thing, but is also constantly changing.

The line of 'emerging industrial chain' seems to have the least upward resistance at present.

However, many stocks have already accumulated a large amount of short-term or ultra-short-term profit-taking.

When the sentiment of these profit-taking investors reaches a high level and there is a lack of further major positive stimulus in the market news, they will definitely continue to dump the stocks and take profits and exit the market.

This is due to the different nature of the main funds that dominate it.

The changes in the market pattern of the 'big infrastructure' main line, as well as the weighty main lines such as liquor, white appliances, medicine, electricity, and finance, are completely different from the changes in the market pattern of the 'emerging industrial chain' main line in terms of speed. Since the long-term and short-term goals of various fund investments are different, the speed of changes in the internal resistance of the major main lines will naturally be different.

In other words, the underlying logic of the main line of "big infrastructure" remains unchanged.

Although the internal sedan of this core main line is already a bit heavy, in fact, when a large amount of funds are locked, the real selling pressure will not be very large, that is, the potential resistance to the rise is much smaller than many people expected. It is not the case that the larger the market value and the circulating volume, the more funds are needed to drive the market.

In terms of the current bargaining value of the two core themes of 'emerging industrial chains' and 'large infrastructure'.

I think... what Lao Chen said is more reasonable.

At least there is a strong underlying logical support. Even if you make a mistake on the main line of 'big infrastructure', you will not suffer too much loss and you can stop the loss at any time. But for now, you can continue to chase the core popular leading stocks on the line of 'emerging industrial chain'.

Not to mention whether you can make money or not, once you make a wrong judgment.

I'm afraid it would be quite difficult to retreat safely, or retreat quickly with minimal losses!

After all, without the help of major institutions to lock positions, it is difficult for hot money and retail investors to stabilize the internal chip structure. These funds that are currently aggressively long will definitely run faster than anyone else once they encounter a slight disturbance. Once the sentiment changes quickly, the stocks that hit the daily limit today may hit the daily limit tomorrow. "

"Old Liao is right," said Chen Guiyun. "As I said before, in a market that has not gotten rid of the stock game, I think certainty is more important than flexibility. After all, when the market is not good, we should think about how to survive, rather than how to live well or how to make a lot of money."

Following the analysis of the after-hours market sentiment and the Dragon and Tiger List data by several key figures in the main hot money group of the "Fushan Group", as well as their outlook and judgment on the future market trend...

As market time continues to move forward.

On all major stock investment exchange platforms across the Internet, as well as in major internal groups where many retail investors and hot money gather, discussions about the 'emerging industrial chain', especially the three major sectors of film and television media, Internet software, and Internet applications, as well as the core stocks related to the 'big infrastructure' main line, and the market trends of the corresponding core sectors are still very hot.

"Is it likely that the price of 'Huawen Online' will open at the daily limit tomorrow?"

Amid the hot market sentiment, many people on major stock investment exchange platforms and in major internal groups think so.

"Oh, what a pity! I didn't dare get on the bus when I saw the check!"

"Before the 'Huawen Online' check went up four times in a row, no one would have thought that it would become the focus of the two markets, right? As expected... there is always an expectation gap for the core leaders who can really come out, and only a sufficient expectation gap can drive the funds from all parties to work together!"

"No one could have thought of this before, otherwise the chips in this check would not be so clean." "The main line of the check for 'Huawen Online' and 'emerging industrial chain' should be the same as the main line of 'Oriental Yuhong' and 'large infrastructure', right?"

"The sentiment and discussion heat can indeed catch up with the most popular time of the 'Oriental Yuhong' check. However, compared with the 'Oriental Yuhong' check, I feel that the 'Huawen Online' is still lacking a core main force to guide the market. Just like the 'Oriental Yuhong' check, it is only with the continuous lock-up of 'Fuxing Road' that a steady stream of relay buying can be formed!"

"Isn't it enough that 'Rongchao Business Center' is dominated by powerful hot money?"

"This seat is indeed quite inferior to President Su's 'Fuxing Road', isn't it?"

"In fact, I don't think we need to pay too much attention to these. The trend logic and market trend of 'Huawen Online' are completely different from those of 'Oriental Yuhong'. 'Oriental Yuhong' is following a long-term trend, a long bull trend, while 'Huawen Online' is obviously a short-term explosive trend. After a wave of consecutive gains, it is actually time to leave the market. The logic of the two is fundamentally different. How can they be compared together?"

"That makes sense. But I still hope that tomorrow's 'Chinese Online' check will open up in the early trading, so that I can have a chance to increase my position."

“It seems unlikely that the stock will open with a daily limit with a reduced volume, right?”

"I also think it's unlikely. It's likely to be the same as today's trend, right? The call auction started with a rush to the upper limit, and then the official opening closed at the upper limit in seconds."

"Well, with such strong sentiment, tomorrow's 'Huawen Online' check should at least have the same strength as today's intraday, otherwise it will weaken. If tomorrow's 'Huawen Online' check cannot be closed within the first trading session, I estimate that this check will not be able to continue to carry on."

"Wouldn't it be better to switch hands and board?"

"That depends on the increasing sentiment. At this stage, it is not yet time for 'Huawen Online' to diverge. If it diverges ahead of time, it means the market is coming to an end."

"Well, that's the truth."

"Doesn't anyone think that today's 'big infrastructure' line is actually quite strong?"

"Is it strong? Several of the core popular stocks of the 'big infrastructure' theme are leading the decline, completely underperforming the index performance. Can this be considered strong?"

"If we talk about strength, in the Hong Kong stock market today, Chinese real estate stocks and a number of construction stocks have performed well."

"Indeed, it feels like the Hong Kong stock market is still focused on 'big infrastructure', especially the 'real estate industry chain'!"

"The liquidity of Hong Kong stocks is not as good as that of the A-share market. I think it is not very meaningful for reference, right?"

"That's not the case. Remember before, the 'big infrastructure' line started to explode rapidly from the bottom, which was driven by the domestic real estate stocks in the Hong Kong stock market, right?"

“Indeed, when the two places were linked together, the scene was quite spectacular!”

"I always feel that the core force behind the speculation of the 'real estate industry chain' in the Hong Kong stock market is most likely the 'Hua Yi Capital' institution headed by Mr. Su."

"I have the same feeling, but unfortunately there is no evidence!"

"In terms of fundamentals and underlying logic, the 'big infrastructure' line is actually more stable, but the short- and medium-term gains are a bit large."

"Anyway, for the 'big infrastructure' line, we only need to look at the trend of 'Oriental Yuhong'. Although the trend of 'domestic real estate stocks' in the Hong Kong stock market has a certain stimulating and guiding effect, the overall impact is limited. At present, 'Oriental Yuhong' is indeed a bit stagnant."

"It has more than doubled in the short term, so stagflation is normal."

“I guess the Oriental Yuhong check will be adjusted to the 30-day line or the 60-day line, right?”

"I don't think so. Once it adjusts to the 20-day line, as long as it is confirmed that Mr. Su's 'Fuxing Road' funds are still in it, there will be a lot of funds to buy the bottom and make a profit."

"If it really falls to the 30-day line, I can buy heavily."

"The performance of Oriental Yuhong in the third and fourth quarters is likely to explode. I think it will be difficult for the stock price to fall."

"For now, just focus on the two leading companies, Oriental Yuhong and Huawen Online."

"Two checks, there is a high probability that the trend will be a seesaw, right?"

"It's hard to say. I think it's safest to buy 50% of the positions each."

"Let's wait and see if we can buy it. I think there is a high probability that there will be no buying opportunity for the 'Chinese Online' check tomorrow."

"That depends on the trend of the U.S. stock market tonight. If the U.S. stock market falls sharply tonight, there will definitely be a buying opportunity tomorrow. If the U.S. stock market continues to rise sharply, especially the major foreign Internet giants and mobile Internet-related stocks continue to rise, then the sentiment of the 'Huawen Online' check will definitely rise, and naturally there will be no buying opportunity."

"Let's wait and see. Anyway, as long as the index remains stable, the market conditions in the near future will not be bad."

"Yes, if the index stabilizes above 3000 points, the market's investment confidence will gradually pick up, and the wait-and-see funds on the sidelines will gradually enter the market."

"Today, a lot of funds that were waiting on the sidelines have already entered the market, right?"

"But, overall, the market is still in the main rotation trend, right? There has never been a general rise."

"It will be very difficult to expect a general rise in both large and small stocks, unless the market volume can reach 6000 billion."

"It's probably not realistic to have a volume of 6000 billion in the short term."

"It's definitely unrealistic. I think we'd be lucky if we can maintain a volume of 5000 billion or 4500 billion."

As the topic spreads across major discussion platforms and internal discussion groups across the Internet, and the popularity of related core leading stocks spreads.

In the evening, when the external markets open for trading.

The U.S. stock market, which was already at an all-time high, once again broke new ground without any hindrance, setting a new historical high and continuing its multi-year bull market trend.

And stimulated by the trend of external markets.

The already hot domestic financial market became even hotter.

After a night of emotional brewing, on Thursday, September 9, before the market opened, the hot pre-market sentiment had already pushed the corresponding market trend expectations to an extremely high level. (End of this chapter)