Rebirth of the Capital Legend

"Really..." Zhang Wei looked at the Chinese real estate stocks in the Hong Kong stock market and the trend of stocks related to the 'big infrastructure' theme, and said with a slightly surprised look, "I still remember that when the 'big infrastructure' theme broke out two months ago, it was the collective abnormal movement of Chinese real estate stocks in the Hong Kong stock market that triggered it. It seems that compared with the A-share market, which is completely driven by emotions, the Hong Kong stock market is indeed much more mature."

"The previous outbreak of the 'big infrastructure' line was indeed triggered by the riot of domestic real estate stocks in the Hong Kong stock market." Zhao Zhiyuan took over and continued, "However, the subsequent trends of individual stocks in the same main line of the two markets were quite different. I think the current trend of a number of domestic real estate stocks in the Hong Kong stock market should have greatly reduced the driving effect of a number of stocks in the 'big infrastructure' main line of the A-share market, right? After all, if there was really a driving effect... the 'big infrastructure' line should have shown some resistance in the morning's market trend, and should have shown an anti-falling trend, but the fact is that it did not."

"Let's wait and see." Seeing that Zhao Zhiyuan still insisted on his own views and opinions, Liang Jiucheng thought about it and did not continue to argue. He said, "No matter which way it goes, the market will give the final answer."

After saying this, he turned his attention back to the rapidly changing market conditions in the two cities.

As his gaze turned back...

In the current market trends of the two markets, the main line of "big infrastructure" and the main line related to the main board weight are still in a continuous shrinking process, while the main line of "emerging industrial chain", which had previously shown a sharp decline in intraday volume, including a number of industry sectors including film and television media, Internet software, and Internet applications, has begun to gradually increase its volume again after shrinking.

And with the gradual increase in the intraday volume of these stocks.

In terms of the corresponding individual stock performance, the stock prices of many stocks did not continue to rise. Instead, as the trading volume increased, they began to show a downward trend.

Among them, there is a check like "Guangdong Media".

In just a few minutes, the stock price plummeted by nearly 3 points, from an original increase of 1.37% to a decrease of 1.53%.

Similarly, there are popular weighted stocks such as LeTV, Netspeed Technology, Baofeng Technology, and Quantong Education...

At this moment, it also began to decline in large volume, showing a rapid diving trend.

Affected by the trends of these individual stocks, a number of core market indices that have a strong correlation with them, such as the ChiNext Index, SME Board Index, and CSI 500 Index, also followed suit and plunged. However, unlike the rapid dive of individual stocks, the rate and magnitude of the retracement of the ChiNext, SME Board, and CSI 500 Index were relatively slow.

But no matter what the rate and amplitude of the dive retracement.

As long as the index follows the plunge of individual stocks in the corresponding core-related sectors, it is enough to show that the divergence between bulls and bears on the main line of "emerging industrial chains" is rapidly increasing, indicating that many short-term profit-making capital groups that had previously gathered in the core main line of "emerging industrial chains" have indeed begun to take profits and withdraw in large numbers.

"After 1:40, I clearly felt that the market's intraday volume was expanding again." Noticing the unusual changes in the market, Li Jinshi, one of the main speculators of the 'Fushan system', stared at the changes in the trends of the two markets and the corresponding stocks he held, and said, "The market's intraday volume has expanded again, and the direction is generally downward. This shows that in the main field of 'emerging industrial chain', the three core sectors of film and television media, Internet software, and Internet applications have digested the full expectations after the continuous strong rebound in recent days. The large amount of short-term profit-taking funds have indeed begun to build positions and stop profits, and the short-term profit-taking in the market has begun to withdraw in a concentrated manner. I am afraid that this trend will be difficult to stop."

"Yeah, I think so too." Chen Guiyun nodded and said, "It feels like the active buying power has weakened a lot. Now the selling pressure on the market has increased dramatically, and profit-taking has begun to flee in a concentrated manner. The weak active buying power is likely to be difficult to stabilize the market. However, the ChiNext Index has rebounded for several consecutive days, and it feels like it is about to make a slight adjustment. Overall, I think this round of rebound cycle is likely not over yet. The current correction should be a benign correction to stabilize the internal chip structure again."

"Whether it is a benign correction or not depends on the specific market trend." Liao Guoxiang stared at the market trend of the two markets that were already diving downward and said, "I hope it is a benign correction. Otherwise... the short-term speculation cycle may enter a continuous ebb phase."

Following a brief exchange between the three...

The market trading time at this moment has entered 1:50.

At this moment, as the film and television media, Internet software, and Internet application indexes that were originally leading the market plunged, the market's bullish sentiment clearly began to ebb. At the same time, the ChiNext Index, the SME Index, and the CSI 500 Index also followed suit and plunged.

At 1:51, "Guangdong Media" plunged to a 3% drop. In just 10 minutes, the plunge reached 5 points. Driven by this plunge, the film and television media industry sector index at this moment also fell from an intraday increase of nearly 2% to a 1.5% increase.

At 1:52, the concentrated profit-taking effect triggered by "Guangdong Media" began to spread to more stocks.

At 1:53, LeTV, a core weighted component stock of the ChiNext, also showed a rapid sell-off in its trading trend, and large sell orders of tens of thousands of shares emerged on the transaction interface in a timely manner.

At 1:54, due to the decline of 'LeTV', stocks such as 'Quantong Education', 'Netspeed Technology', 'Maruda Films', etc., which are also weighted components of the ChiNext Index and popular core stocks in the main field of 'emerging industrial chains', also followed suit and plunged.

At 1:55, the ChiNext Index's gain continued to fall back to 1.25%. At the same time, the Shanghai and Shenzhen Composite Indexes did not change so much and remained near the flat position, while the A50 Index rebounded a little bit. It seemed that while a large number of short-term profit-making funds were selling off the main concept stocks of the "emerging industrial chain", many funds that had left the market to take profits were switching their positions back to the weighted main line.

At 1:56, the "Guangdong Media" index fell 5%, and the three major industry sector indices of film and television media, Internet software, and Internet applications continued to fall. Although these three major sector indices still maintain the leading position in the two markets, the main internal capital flow has gradually shifted from the previous net inflow trend to a net outflow trend.

At 1:57, the ChiNext Index fell back to a 1.08% increase, and the Shanghai and Shenzhen indices were also affected and began to follow suit and dive lower.

At 1:58, the stock of Quantong Education fell back from near the daily limit to a 6% increase.

At 1:59, the daily limit orders for Ren Zixing, a popular core concept leading stock in the "cyber security" concept sector, which had a very strong performance in the morning, began to drop sharply.

At 2 pm, the number of limit-up orders for 'Ren Zixing' dropped sharply from 25 lots to around 14 lots in just one or two minutes. Of course... most of the sharply reduced orders were actively withdrawn, and only a small part was executed on the trading interface.

At 2:01, the order volume of 'Ren Zixing' dropped sharply to less than 10 lots.

At 2:02, Ren Zixing crashed. At the same time, the Cyber ​​Security sector fell from a 2.33% increase to below 1.3% as Ren Zixing crashed. All stocks in the sector also plunged. At 2:03, LeTV's stock price continued to fall.

At 2:04, the intraday increase of the ChiNext Index fell back to less than 1%.

At 2:05, after the explosion, the check of 'Ren Zixing' quickly reached a position of increase of nearly 6%, and then rebounded rapidly and touched the daily limit again.

At 2:06, 'Ren Zixing' tried to close the game again.

At 2:07, 'Ren Zixing' failed in its attempt to re-close the price, and the main buy orders of more than 3000 lots began to drop sharply. The stock price fell again under the pouring of a large amount of profit-taking.

At 2:08, 'Ren Zixing' fell back to the 7% increase position again, and in just 10 minutes, its explosive trading volume was equivalent to the trading volume of the previous half day.

At 2:09, following the crash of 'Ren Zixing', the stock price performance of Netspeed Technology began to turn from rising to falling.

At 2:10, the stock price of 'Netspeed Technology' turned green, showing a trend of falling by 1 point.

At 2:11, the intraday gains of the three core sector indices of film and television media, Internet software, and Internet applications all fell back to less than 1%. At the same time, the number of stocks in the two markets that closed in the green also dropped sharply from more than 20 to more than 2000 stocks in the nearly 1300-minute dive. Many stocks experienced a dive from high levels during the day.

At 2:12, the concentrated selling sentiment of profit-taking began to spread to the two core popular leading stocks, "Huawen Online" and "Huawen Media".

At 2:13, the daily limit order of "Huawen Media" began to loosen.

At 2:14, the number of daily limit orders for "Huawen Media" had dropped sharply from 21 to 11, and a large number of short-term profit-taking orders in the market began to lock in profits and sell.

At 2:15, the number of daily limit orders for "Huawen Media" continued to drop sharply to 8 lots.

At 2:16, the intraday gains of the ChiNext Index further narrowed to 0.75%. At the same time, the intraday gains of the SME Board Index and the CSI 500 Index also narrowed to less than 1%.

At 2:17, when the volume of 'Huawen Media' began to explode, 'Huaxin Cement', which had performed very weakly in the morning and was criticized by a large number of retail investors who followed the trend in the early trading, suddenly began to rise against the trend and pulled up from a deep drop of 5.25%.

At 2:18, the stock of 'Huawen Media' exploded and fell back, while at the same time, the decline of 'Huaxin Cement' has narrowed from 5.25% to less than 2%, and it is likely to continue to rise, showing the sign of a red market. Moreover, due to the rapid rebound of 'Huaxin Cement' against the trend, the three core sector indexes of real estate, building decoration, and building materials in the main field of 'big infrastructure' have also begun to rebound against the trend, and have turned from the previous slightly declining trend into a slightly red market trend.

At 2:19, 'Huawen Media' fell back to an 8% increase, with the intraday turnover exceeding 5 million. At the same time, 'Huawen Online', the most watched core leading stock in the two markets, also began to gradually increase in volume, with a large sell order of 3000 lots emerging.

At 2:20, the decline in the share price of 'Huaxin Cement' continued to narrow to within 1%. At the same time, 'Capital Group' also followed suit and rose rapidly. 'Oriental Yuhong', the leading stock in the 'big infrastructure' main line, also rose against the trend at this moment, presenting a red market trend.

At 2:21, Guangdong Media plummeted by 7 points, and the share price of Chinese Media fell back to around 6%.

At 2:22, the number of stocks in the green in the two markets fell back to more than 1200.

At 2:23, the check of 'Huaxin Cement' recovered all the intraday losses in one fell swoop and achieved a red-market rising situation. At the same time, the A50 index turned red and rose. The main board weight sectors such as liquor, white appliances, medicine, consumption, electricity, and finance, and the corresponding core leading stocks, also had unusual trends. It seems that the main buying fund group has strengthened a lot when most stocks in the market have plunged.

At 2:24, Oriental Yuhong's share price rose by 1%. A number of industry sectors under the main line of "big infrastructure", including real estate, building decoration, building materials, nonferrous metals, steel, and coal, all began to rise. In addition, the main capital flows within each industry sector also began to change from the previous net outflow to a slight net inflow.

At 2:25, the growth rate of the ChiNext Index fell back to around 0.6%. At the same time, the number of daily limit orders for the highly-watched "Huawen Online" also began to drop sharply, from more than 30 lots to 25 lots.

At 2:26, ​​the price of "Quantong Education" plunged sharply. The stock price jumped from a large positive state to underwater, showing a relatively obvious loss effect, and also buried all the bullish forces undertaken during the day.

At 2:27, the three core industry sector indices of film and television media, Internet software, and Internet applications withdrew from the position of leading the two markets. At this time, they were replaced by the two traditional industry sectors of agriculture and animal husbandry, which were also stimulated by news and whose intraday trends were not very strong but not weak either.

At 2:28, a number of popular stocks in the main field of "emerging industrial chain" and small and micro-cap stocks that had rebounded strongly in the entire market before, began to accelerate the retreat. The active selling force on the market was increasing, and the long and short forces on the market became increasingly unbalanced.

At 2:29, the number of limit-up orders for the "Huawen Online" stock, which was the focus of everyone's attention, had dropped sharply from 25 to around 17.

At 2:30, the ChiNext Index's growth rate fell back to 0.5%.

At 2:31, when several core weighted component stocks such as LeTV, Netspeed Technology, and Quantong Education all plunged into deep water, the stock of 'Huawen Online', which was in the spotlight and was highly expected by everyone and was thought to be the new market monster stock, could not hold on for more than 17 minutes with 2 daily limit orders and was smashed through by a large amount of profit-taking funds in the market.

At 2:32, when the closing order was broken and the volume exploded, the core concept leader "Huawen Online" began to fall back, showing an obvious loss effect on the market.

"Oh my god... the check for 'Huawen Online' actually exploded. As expected, it really didn't make it to the closing time." Seeing that the market trend at this moment has changed dramatically from an hour ago, Zhao Zhiyuan, who originally thought that the 'emerging industrial chain' line would most likely continue and would not lose money so quickly, was surprised. He was very impressed by Liang Jiuchen who had predicted this scene before, and said with a smile, "Lao Liang, your market sense is really amazing. As expected, you guessed it right again." (End of this chapter)