Chapter 682: Bear markets often rise sharply, and bull markets often plummet!(1/2)
"Damn it, why did you fall so hard?"
Many retail investors were shocked. A group of retail investors gathered in the stock discussion area of the trading platform, staring at the market, completely unable to understand.
After all, they have not seen and felt this kind of unilateral plunge for a long time.
At the same time, the bull market that everyone believes in should not have such an extreme heavy-volume plummeting trend.
It seems that since the market rebounded strongly since the end of June and continued to break through and rise, everyone has forgotten the previous tragic market trend.
Therefore, facing this sudden heavy volume drop, I was a little confused for a while.
Especially in the past two weeks, after the Shanghai stock index exceeded 3,000 points in volume, some new investors entered the market. Now they see that the market has swallowed up the gains of the previous few days within an hour of opening.
The stocks they held had swallowed up the gains of the previous week in just one hour, which made them feel even more panicked and incomprehensible.
Of course, for these novice investors.
This is also the first time they have truly seen the cruelty of the market.
Many investors who previously thought that making money in the stock market was just a piece of cake, at this moment... were completely silent.
"Isn't it a bull market? What's going on in this market? The news is not bad at all!"
"That's right! Why did it plummet for no reason?"
"The key is to increase the volume and plummet unilaterally. This trend... is really scary."
"Many stocks have gone straight to the bottom. Even the most powerful 'securities' and 'Internet finance' sectors, many popular core stocks, are in an extreme downward trend. Even the 'flush' check,
What the hell...it’s all hitting the limit.”
"Damn it, is the 'bull market' going to end so soon?"
“Can a ‘bull market’ that ends so quickly still be called a ‘bull market’?”
"I feel like the Shanghai Stock Index may not even be able to stand at 3,200 points today! Damn... it has fallen too hard. I am holding a full position and forcing myself to hit the lower limit!"
"The key is to measure energy. It's a really bad feeling if the price plummets and the amount increases."
"Yeah, hell, how long does it take for the market to open now? The volume of the two markets is almost approaching 400 billion. It's so... you still have to go to 800 billion for the whole day?"
"Usually only the top will release this kind of huge selling trend, right?"
"Damn it, your logic of not being in a 'bull market' has been falsified, right?"
"The key is that there is no substantial negative news in terms of macro news. What is the force of this decline? With such a large trading volume in the two cities, what kind of funds are selling?"
"With such a large amount of energy, it must be the main funds that have been dumped!"
"Didn't you say 'bull market'? Why are the main funds throwing so much money?"
"I'm afraid that the slogan of 'bull market' is what the main funds are used to harvest! In fact... I have always felt that the index has not broken away from the rebound trend, and it is really hard to predict a reversal."
"The key is that securities have also collapsed. There is no main line that can support the two markets today."
"That's right, 'the strong will always be strong' does not exist at all."
"Only the 'sub-new stock' sector currently has a certain market trend and can barely hold on."
"'Sub-new stocks' have very little circulation in the first place. They are just hot money gathering together to avoid risks. Their impact on the changes in the overall market is simply insignificant."
“But after it has fallen so much, it is not worthwhile to stop the loss during the session!”
"Let's take a look again. Remember last week, before the Shanghai Stock Index hit 3,000 points, didn't the Shanghai Stock Index fall extremely sharply in the early trading? But in the afternoon, the securities sector exploded. Maybe it will be the same today?"
"There is no hope. The securities sector was at a low level at that time. Is there any main line now? Does it have the explosive power and expectations of the securities sector at that time?"
“Isn’t ‘big consumption’ okay?”
"'Big consumption' is obviously impossible, so why not be as dynamic as the 'technological growth' line?"
"I feel that it was mainly the 'Chengfei Integration' check that caused the market to collapse. If it hadn't been for the impact of the check's lower limit during the call auction stage in the early trading, the two markets would have continued to open higher."
"Yes, the check of 'Chengfei Integration' has shaken the investment logic and foundation of the entire conceptual theme of 'reform and reorganization of central and state-owned enterprises'."
"It's impossible. The influence of the 'Chengfei Integration' check won't be so great."
"The lower limit of the 'Chengfei Integration' check can only be an inducement for the entire market. The main thing... is the increase in the market's incremental capital group. At this position, it is a bit difficult to take profit orders and unwind arbitrage.
Got the chips."
"Also, there is no new big news in the recent news, right?"
"If it is really a matter of profit taking and arbitrage, then the logic of the 'bull market' in the market is still there. As long as the logic of the 'bull market' is there, then the market adjustment should not be a big deal."
"Concentrated selling pressure from profit taking and arbitrage trading will also create an avalanche effect!"
"Are you afraid of something? The Shanghai Stock Index has already deviated far from the 20-day line. Even if today's plunge has occurred, its upward trend has not been broken. With this determination, why should we speculate in stocks?"
"Indeed, holding shares is like being a widow. Holding shares requires determination."
"What the hell... continue to be firmly optimistic about the market outlook. What's the big deal? The Shanghai Index will fall back to the 3,000-point gap. It should be almost at its limit. It is absolutely impossible to fall back rapidly and fall below the upward trend line. After all, there are so many major financial groups in front of it.
With a large-scale entry into the market at a low level, and Mr. Su’s ‘Yu Hang Group’’s main capital group holding a position worth hundreds of billions, how can we let the index fall back and allow short-term funds to enter the market at a comfortable low level?”
"Haven't you heard a sentence? Bear markets often rise sharply, and bull markets often plummet!"
"Yes, yes, this sentence is a classic. Let me see... today's plummeting trend is a washout of those investors who are not determined to hold shares."
"I won't come out anyway, unless Mr. Su's 'Fortune Road' seats are sold on a large scale on the Dragon and Tiger List after the market closes today."
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Mr. Su's 'Yu Hang Department' capital holdings are worth hundreds of billions, and they will definitely not be able to get out in a while. I don't believe that the index will reach its peak here."
.”
"Yes, if this is the top of the index, then why bother trying to break through 3,000 points?"
"If you step back, you will definitely step back!"
"Don't worry, the index has just broken through the platform that has been suppressed for several years. I don't believe it will fall back."
"The funds for selling are simply ridiculous."
"The main funds that are selling today are definitely a group of funds that have no structure and no courage. What the hell... these guys are the best to sell, and then wait for the index to rise, and then let them chase the high price."
"Hey... Although I also believe that the index here is definitely not the top, this sell-off pattern is so scary. First... sell the profit-taking part first to reduce the cost of holding the position."
"I will also sell part of it first. Today's explosive and extreme downward trend, even if it needs to be repaired in the future, it shouldn't be possible in a short time, right?"
"I also want to sell part of it, but damn, the stocks I hold are almost at their limit now. If I sell them at this position, hey... it's really unnecessary."
"Yes, there is absolutely no need to throw it away at this time, right?"
"If you want to run, you should run when the market opens. That's when it's the right selling point. If you run now...if you run again, you'll probably be washed away, right?"
Among the concentrated discussions among many retail investors...
The market's long-short sentiment is also changing rapidly. Many unsteady stock-holding investor groups have begun to reduce their positions and take profits, while many off-site investor groups who originally had less willingness to pursue positions and buy positions are less willing to adjust their positions.
The strong group of investors on the market also began to hesitate due to this emotional interpretation.
Due to this emotional reaction, the market's long and short forces have become further unbalanced.
I saw the two cities spending an hour after the opening.
Whether it is the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index, GEM Index, several major core indexes, or the core main lines of the market such as 'Big Finance', 'Infrastructure', 'Military Industry', 'Technology Growth', 'Big Consumption', etc., their explosive volume has plunged.
The situation has not slowed down, but is still accelerating further.
At 10:42, the turnover of the two cities exceeded 410 billion.
The Shanghai Index's intraday decline expanded to 3%, approaching 3,200 points, while the Shenzhen Stock Exchange and ChiNext Index's intraday decline also expanded to more than 2.70%. Even the strongest A50 index became the core of the market's decline today.
The index fell by 3.11% at this moment.
In addition to the core index and the performance of the core main lines.
Of the nearly 2,000 stocks participating in transactions in the two cities, there are only less than 150 stocks, which are still in the red market.
Moreover, in the two cities, a total of more than 50 stocks are now locked at the lower limit.
Such as 'Blue Stone Heavy Equipment, Hongdu Aviation, Beijiang Communications Construction, Shanghai Construction Engineering, Chengfei Integration, China Airlines Heavy Machinery, Changliang Technology, Yinjie Technology, Oriental Securities...' All lines have been closed to the limit, and 'flush' ', 'Western Securities', two popular leading stocks in the main line of 'big finance', have seen their intraday declines expand to more than 6% at this moment.
Even a number of core weight stocks in the fields of 'big finance', 'infrastructure', 'military industry' and 'big consumption'.
A number of stocks such as 'Huaguo Construction, Huaguo Railway Construction, Huaguo Communications Construction, Huaxin Cement, Huaxin Building Materials, Huaxin Securities, Huaguo Pacific Insurance, China Airlines Shenfei, Aviation Power...' also fell across the board, with the market falling. Both were greater than 3%, and the volume continued to plummet.
In addition to these areas.
Conceptual leading stocks and conceptual core stocks where hot money gathered in the past.
Such as 'Ciwen Media, Huace Film and Television, Inspur Information, Huaguo Software, LeTV, Internet Speed Technology, 2345, Hengsheng Electronics, Oriental Fortune...' A number of stocks are also showing unilateral killings at this moment. The situation is falling, and selling is emerging one after another. At a glance, it seems that all the main funds are smashing the market to stop profits and retreat.
Suddenly, the entire market.
It seems that we have returned to the extreme bear market stage. At a glance, there are only green eyes.
"Today's trend doesn't look like a market washout. Can this be considered a technical correction?"
Seeing that the major indexes in the two cities have no signs of stopping their decline, and the declines of the major indexes have all approached the 3% decline mark, the market trading time is approaching 11 o'clock, and it is about to enter the last half hour of the morning trading session. At that time, Su Yu was in the main hot money group of Yuhang.
All of you hot money tycoons who have a keen sense of market conditions, and at the same time, your technical capabilities and information channels are better than those of retail investors.
At this moment, everyone also frowned, and their hearts became completely uneasy.
To be continued...