Rebirth of the Capital Legend

"The volume has shrunk. Compared with the overall sentiment of the market at the moment and the heated discussions among retail investors on major stock investment exchange platforms across the Internet, this volume is a bit abnormal." Near the closing time of the midday, it was noticed that the intraday trading volume of the two markets continued to shrink, and the overall trading volume in the first half of the day showed signs of shrinking compared with yesterday and even the previous few days. At this moment, among the main hot money group of "Magic City Ultra Short Gang", Lao Zhang frowned slightly and said, "Why do I feel that the buying power that is actively undertaken is a bit different from the feedback of market sentiment?"

"It does seem like there is a divergence between sentiment and volume." Xu Qiao heard Lao Zhang's sigh, looked carefully at the market trend and volume changes, and continued, "The 'big infrastructure' line, as well as the main board weighted sectors such as liquor, white appliances, medicine, consumption, electricity, and finance, continue to show a trend of shrinking volume adjustments, which is expected, but I never expected that the 'emerging industrial chain' line, especially the core related sectors such as film and television media, Internet software, Internet applications, and electronic information, would not release volume despite such strong sentiment.

This should indicate that the active speculative funds in the market have already bought what they should buy at the current position, right? In other words, there should not be many potential follow-up orders in the market in the main field of "emerging industrial chain".

However, the incremental funds expected in the off-market clearly entered the market at a lower level than expected.

Look at the market trends of major popular stocks, as well as the trends of other less popular small and medium-sized stocks and small and micro-cap concept stocks.

Basically, there are very few active buying orders at this moment. Even if there are some funds willing to take over at this position, they are basically passive orders.

This shows that for the current position...

Some optimistic buying funds in the market are not very confident anymore.

In other words, most of the active short-term funds in the market have already held chips in the "emerging industrial chain" line, and the subsequent potential buying power may gradually decrease. "

"Yeah, I feel the same way." After listening to Xu Qiao's analysis, Old Wu pondered for a moment and continued, "Normally speaking, if the 'emerging industrial chain' line reaches this point, it must increase in volume if the market is to continue to maintain.

Now the volume cannot be released and the potential buying power is gradually weakening.

So, I think...

When many active capital groups in the market who hold a large number of chips in the main line of "emerging industrial chain" gradually realize this, they will most likely take the initiative to smash the market and stop profits.

According to the current market situation and follow-up buying.

In the absence of continued intervention from the off-market incremental capital groups, it is highly likely that the buying power within the market will not be able to withstand the concentrated selling pressure from profit-taking.

However, at present, the potential buying power is weakening.

However, as a number of popular core leading stocks such as "Huawen Online", "Huawen Media", "Quantong Education", "Netspeed Technology", "LeTV" and so on continue to strengthen and continue to expand the support of upward speculation space, everyone's confidence in going long is still there, and many profit-making funds in the market have not yet reacted significantly. "

"Volume precedes price, whether it is going up or adjusting down, it is basically like this." Brother Chen, who had been thinking for a while, also said in the discussion among several people, "The volume continues to decline, and the profit effect of many small and medium-sized stocks is gradually decreasing. As the market trading time goes by, it is hard not to attract the attention of some smart short-term capital groups.

And once these funds react and start selling.

I feel that with the current strength of the 'emerging industrial chain' and the potential short-term bullish power in the market, I am afraid that it will not be able to sustain it!"

"Brother Chen, what you mean is... will the trend of the 'emerging industrial chain' line fluctuate today?" Old Zhang heard Brother Chen's slightly worried answer and couldn't help asking, "Logically speaking, 'Huawen Online', 'Huawen Media', 'LeTV', 'Quantong Education'... these large number of related concept leading stocks have such strong trends and basically hit the daily limit. This should bring stronger emotions and guidance for funds to go long on the 'emerging industrial chain' line. Even if according to the logic of everyone's analysis, the 'emerging industrial chain' line is a bit weak and has signs of insufficient potential buying power, but according to the trend inertia of the upward stage of the market, it should still have some room for upward movement, right?"

"It's just that I personally think that the trend of the 'emerging industrial chain' line may fluctuate within the day." Brother Chen said with a smile, "You don't have to listen. It may be better to rely on your own judgment to make a trade."

"Even if there is a change in the market, it will most likely happen in the afternoon." Xu Qiao took over and said, "At this moment, it is almost time for the midday closing."

"Everyone is focusing on the 'emerging industry chain' main line of film and television media, Internet software, Internet applications, and electronic information. Has no one analyzed the current 'big infrastructure' main line, as well as the main line of liquor, white goods, medicine, consumption, electricity, finance and other weighted main lines that tend to be in the main board direction?" Lao Zhang looked at the other two core hot main lines of the market and continued, "I feel that the continuous shrinkage of these two main lines is about to reach its limit.

Look at the stock price of Huaxin Cement. Even with such a sharp drop in the price, there was not much volume.

Looking at the trend of Huaxin Cement in the past half day and the changes in the market volume, it seems that the main institutional funds that intervened in this stock yesterday and increased their positions significantly are still in a relatively stable position situation, and it seems that they have not thought about exiting the position! "

"There is indeed no sign of large orders for Huaxin Cement," said Old Wu. "The main institutional funds that invested in Huaxin Cement yesterday probably did not sell it today, and it should be in a locked position."

"If the major institutional investors who invested in this stock yesterday had all chosen to lock their positions, then the selling pressure on Huaxin Cement today should not be that great, right?" Xu Qiao said. "Looking at the trend of Huaxin Cement in the previous period, I always feel that today's stock opened high and closed low, and the rapid sell-off is like a trap. It is obviously a trend of inducing short selling, and its purpose is to force out the historical locked-in positions or the unsteady investor groups that have been deposited in this stock."

"Luring the empty space? Not really?" Lao Zhang said, "After all, this game was too brutal."

"We can't rule out this possibility, but whether it's a trap or not, that's a matter for the afternoon." Old Wu took over and said, "There shouldn't be any excessive changes in the morning."

After saying this, he turned his attention back to the two markets.

As several people were talking, the market trading time had already entered after 11:25, and there were less than 5 minutes left before the official closing at noon.

At this moment, the two markets...

On the surface, there is no obvious change in the popular main line compared with before 11 o'clock in the morning.

The main line of the 'emerging industrial chain' is still led by the core sectors of film and television media, Internet software, Internet applications, and electronic information, while the main line of 'big infrastructure', as well as the weighted main lines of the main board directions such as liquor, white appliances, medicine, consumption, electricity, and finance, have always maintained a trend of shrinking sideways.

However, although there is no change in the main direction and market large and small cap styles compared to before 11 o'clock.

However, the overall emotional performance and the money-making effect of the market have been slightly reduced.

Whether it is the intraday increase of the ChiNext Index or the increase of the three core sector indices of film and television media, Internet software, and Internet applications, they have all fallen back compared to before. However, the corresponding core popular leading stocks...

A number of stocks such as 'Huawen Online', 'Huawen Media', 'Netspeed Technology', 'Quantong Education', 'Ren Zixing', 'LeTV', etc., are still performing relatively strongly, attracting the attention of most retail investors on the entire network, and the trading on the market is still maintaining a relatively positive trend.

Looking at the changes in the market of the core leading stocks in the two markets, one cannot feel that the sentiment is slowly declining.

This can be clearly seen from the two cities as a whole.

After all, the number of stocks in the red reached more than 1 about an hour ago, but now... the number of stocks in the red in the two markets, including the "big infrastructure" main line, as well as corresponding main line sectors such as liquor, white appliances, medicine, consumption, electricity, and finance, totals only 2200 stocks, and they are still in the red.

In other words, the overall money-making effect of the two cities has weakened slightly.

In such a market interpretation...

Soon, the market trading time came to 11:30 am, and the two markets froze again at this moment.

According to the two markets that have been frozen again, we can see that a number of core concept leading stocks are still capped at the daily limit, but some small and medium-sized and micro-cap concept stocks that have not been able to keep up have begun to gradually fall from their highs, gradually showing a losing effect.

Of course, this slight decline in sentiment and the reduction in the profit-making effect of the market.

Under the influence of the still hot market sentiment, not many people or funds noticed it quickly.

"It's finally lunchtime. The market trend this morning really makes me nervous. I'm afraid that the core leading stock 'Huawen Online' will crash again and bring down the entire market."

After the two markets closed, during the lunch break, a retail investor who was following the trend and gathered on major stock investment exchange platforms across the Internet suddenly breathed a sigh of relief.

"What a joke! There is no way this check from 'Chinese Online' will explode again today!"

"I actually hope it explodes. After all, I didn't buy many chips today. After the check was officially opened, the limit-up was too fast and I couldn't react at all."

"If it really explodes, I'm afraid you won't dare to buy it again, right?"

"Yes, if the market really crashes, the logic of the market will change. How can we continue to buy?"

“So, in this market, you either can’t buy in, or when you buy in, it’s the time to buy at a high price.”

"Is this check for 'Chinese Online' a no-brainer? I think this check is likely to go viral. Let alone the 6-board space in the future, as long as the market discussion about this check does not decrease, I think there is hope for a 7-board."

"From the perspective of monster stocks, the more consecutive gains, the better. Only in this way can we drive the popular leading stocks behind and continue to improve the short-term sentiment and short-term tolerance of the entire market. In other words, even if everyone does not have the chips of the check of 'Huawen Online' in their hands at the moment, everyone should hope that the check of 'Huawen Online' can go higher and further."

"The current market feedback and trend of the 'Huawen Online' check are naturally strong, but the subsequent follow-up stocks are a bit behind."

"There are still some problems with the market volume. I think it is normal for the market to have some small divergences under this volume. Anyway, I don't believe that the 'emerging industrial chain' line will suddenly reverse and collapse. At the same time, it is hard to believe that the 'big infrastructure' line can quickly reverse at this moment and re-siphon funds from the 'emerging industrial chain' main line when there is not enough time and space for adjustment."

"But the number of stocks in the green in the two markets has indeed dropped a lot compared to 10 o'clock in the morning."

"The market volume has not further expanded. Under the existing stock situation, the active volume will definitely further gather towards stocks with high market attention and strong market recognition. I think this volume performance is normal, right? And I think it is not necessarily correct to judge the short-term market sentiment by looking at the number of stocks in the red market."

"So how do we judge market sentiment?"

"From the perspective of the market trend of core leading stocks and the high space of consecutive boards, it should be more stable and more correct, right?"

"We can't just look at it that simply. We still have to make a clear distinction."

"It is normal to have disagreements. Only when there are buyers and sellers can the chips keep changing hands. However, those who maliciously short the market definitely do not have chips. Most of them are just jealous."

"There is no one who is shorting the Chinese Online check at the moment, right?"

"Anyway, no matter what you think, I continue to be firmly optimistic about the leading stock 'Huawen Online', and I think this leading stock will most likely rise again tomorrow."

"Don't pay attention to the other things, just pay attention to the number of orders on the board for the stock 'Huawen Online'. If the orders remain stable and the trading volume is getting smaller and smaller, it means that the quality of this daily limit is still quite high, and it also means that there is a high probability that there will be a good overnight premium tomorrow. However, if in the subsequent market trading hours today, the number of orders continues to decrease significantly, and at the same time, the matching orders of the daily limit price on the board are also increasing rapidly, then this check... is likely to further increase divergence, and the uncertainty of the trend will also increase simultaneously."

"That's true. Looking at the current market trend, the check from 'Chinese Online' is indeed the key to the formation."

"So, you can never go wrong by keeping an eye on this check."

On major stock investment exchange platforms, amid heated discussions among retail investors, market sentiment was still hot, and the volume performance that was lower than expected was covered by the hot emotions...

Same lunch break.

At this moment, inside the Shanghai Jufeng Asset Management Company, in the trading room of the main fund product "Jufeng Future Growth", Yu Xiaolu, the head of the education team, stared at the frozen market of the two cities, pondered for a while, and after a brief review, turned to the fund manager Lu Xiangxiang and said: "Boss Lu, I feel that the sentiment feedback on the "emerging industrial chain" line should be about the same, right? I always feel that... the trend in the afternoon is unlikely to be as calm as in the morning!" (End of this chapter)