Rebirth of the investment era

At the same time, no one could have imagined that the small and medium-sized board and the GEM, which had clearly shown signs of style switching before and performed significantly better than the Shanghai Stock Exchange Index, would become the market's leading index. As if overnight, the market's investment style had switched back. On the main board, the small and medium-sized boards and the GEM are completely abandoned.

Of course, it’s even more unexpected.

During the Dragon Boat Festival holiday, a 35% plunge in the external market was able to defeat the post-holiday market to this extent. After all, when the external market rose sharply, A-shares did not rise with it, so why did it plummet? When the time comes, A-shares must follow the decline?

"The Dragon Boat Festival has become the Dragon Boat Festival. It's so depressing."

Faced with such a tragic start to the market, among the retail investors who gathered in the discussion area of ​​the stock trading platform, as well as stock investment forums and stock investment communities, there were stock-holding investors who were suffocated and could not help but sigh: “Is this trend worthy of those of us who stick to the market and hold stocks for the holidays?”

"Hey, stop talking, I'm heartbroken. I thought the market would give me a red envelope for the Dragon Boat Festival, but I didn't expect... it was a sap in the head."

"Follow the decline rather than the rise, this is the characteristic of Big A."

"I won't say anything if I follow the decline. The key is to open lower and break through 2200 points. This is really too much. It's a killing. It's really merciless."

"How can the stock market be humane? The financial trading market is the cruelest market."

"Indeed, before trading officially started, I set a lower limit. It was over before it even started."

"I have deduced it countless times before, thinking about how the market should go when it is at 2200 points. I never expected... I just opened low and killed it."

“This opening is really shocking!”

"Where is the 2,200-point support that was promised? Why is it suddenly vulnerable?"

"Hey, I felt bad about the trend before the holiday last week. Unfortunately, I was too greedy. I always felt that the index was at 2200 points, and there should be a strong rebound. I didn't expect... I was directly trapped after the holiday. Ah, open low and kill through the support, not even giving you a chance to escape."

"The index continued to shrink last week, with small yin and small yang, which does mean it has bottomed out."

"It's so false, it's all lies."

"Today's move jumped short and opened low, which directly caused the entire market to completely break, right? The follow-up is really not optimistic, it is too tragic."

"Hey, it is indeed broken."

"This sharp lower opening completely destroyed the bottom pattern that emerged just last week."

"But fortunately, the low opening position is not far from the 2200 point mark. This position cannot be said to have actually fallen below the support level, right? Maybe it can be recovered after the market opens, and if it opens, the index can quickly recover 2200 points If it reaches the pass, it will be a trend that cannot be broken or established.”

"Take it back? It will happen in my dreams!"

"This form is almost a collapse trend. At this time, it is really unrealistic to have the idea that the market will violently rebound or even reverse."

"Hey, accept the reality, there is really no hope."

"Whether 2200 points has a real supporting effect depends on the overall market performance and whether there are sustained core hot trends to drive the overall market situation. And it is obvious that through the entire call auction trend this morning, Look, the market has no signs of development in this regard at all, so it is really difficult to hold on to the 2200 point position."

"The key thing is that after the IPO is released tomorrow, the first batch of new shares will be officially listed."

"Yes, I think this is the reason why the market is suddenly so weak after the holiday, because at a glance, it is expected that everything will be negative in the short term!"

"Indeed, the first batch of new stocks to be listed will inevitably suck blood from the market."

"The external market has plummeted, and the subsequent trend of the external market has become uncertain again. In addition, the listing of new stocks is sucking blood. How can the market rise?"

"Looking at the market, the main funds on the market have also completely escaped."

"As I said before, without sustained money-making effects, the market cannot have a future. Given the current situation, what should we speculate on? Consumption, medicine, finance? Or two barrels of oil!"

"I originally thought that the line of 'growth stocks' in the direction of small and medium-sized boards and GEM would once again take the lead in the market and lead the market out of the bottom, but now it seems... there is no chance."

"The small and medium-sized boards are leading the market decline, so there is definitely no chance."

"Indeed, looking at the major hot spots in the entire market, we can't see any mainline market trends that are sustainable and have the logic of continuous speculation!"

"At a glance, I saw that the entire market was full of hold-up orders."

"That's not true. The Shanghai Stock Index fell from 2,500 points, which is really a wave of bargain hunting funds."

"Looking at the top 20 popular concept stocks that have attracted market attention, all the stocks that had a natural change of hands before the holidays have been discontinued today."

"It goes without saying that all hot money tycoons are retreating."

"It's hopeless. With such a lower-than-expected opening, after the market officially trades, the panic selling on the market will only become more intense."

"If the Shanghai Stock Index cannot quickly make up for the gap after the official opening, then it will definitely be a plunge today."

"Preliminary estimates indicate that the Shanghai Stock Index's 2% decline will definitely be unstoppable."

"If 2200 points actually fall below, then the only step is to look at the 2000 point position."

"Hey, won't the Shanghai Stock Index fluctuate in this big box between 2000 and 2200 this year? What the hell... This big box is really stubborn. It has trapped the index for almost 2 years. These two days No matter how the index jumps during the year, it will always return to this big box after the final rebound."

"If 2200 points cannot be sustained, the Shanghai Stock Index will inevitably return to the early large box. There is no doubt about it."

"Hey, the position is too heavy and I really can't afford to lose money. Now I can only hope for a miracle. I hope the Shanghai Stock Exchange Index can truly bottom out at 2200 points."

"If the Shanghai Stock Exchange Index bottoms out at 2,200 points and reverses, this can only be said to be a miracle."

"I feel like there is still a glimmer of hope, right? Judging from the entire collective bidding process, the two core themes of 'infrastructure' and 'state-owned enterprise reform' are really a bit disappointing."

"Even if it falls completely, the hold-up above these two main lines has accumulated to a heavy enough level. It will be difficult to form an effective rebound, right?"

"In fact, the internal expectations for these two core main lines should still be there, right?"

"In terms of 'infrastructure', this year's macro policies and even government-guided investment in large projects are in a state of expansion. That is... the scope of this line is too large, the market sentiment is sluggish, and there is not so much money to pull it, unless' President Su of the Yuhang Department can stand up clearly and take over the market on a large scale here. Just like in early April, he will use his own power and market influence to drive the market and form continuous speculation expectations. In this way, the market will be at 2200 points. The bottom line has been reached, and there may still be a glimmer of hope.”

"Mr. Su's 'road to wealth'?"

"Yes, but this hope is also quite slim. After all, Mr. Su is on the line of 'infrastructure'. It is estimated that he has indeed completely withdrawn from the market and stopped taking profits. There is no reason to come in again to pull this main line that is extremely locked up. , opening up the space for speculation, thereby liberating investors who were on guard in the early stages.”

"That's true, hey...it seems we can only stop the loss."

Amidst the heated discussions among many retail investors, the five-minute short trading suspension time passed by in a flash, and the two cities ushered in the official continuous bidding trading period.

After five minutes of short-lived emotional brewing, the market's panic selling sentiment became more extreme.

At 9:31, only one minute after the market opened, the Shanghai Stock Index quickly broke through the 2190 mark, extending the market decline to more than 2%. At the same time, the time-sharing volume of the two cities was able to expand rapidly, 'Infrastructure', ' State-owned enterprise reform', 'military industry', 'Internet finance', 'mobile Internet', 'smartphone industry chain', 'venture capital', 'reorganization backdoor', 'ST sector', etc. performed well in the collective bidding stage of the two cities. The relatively weak main line concept saw its decline expand rapidly, and many of its related popular concept stocks also suffered extremely heavy selling blows in an instant, and the stock price trend plummeted.

Of course, at a time when these main line concepts have plummeted one after another, and have been further abandoned by the main funds of all parties in the market and the vast number of retail investors holding positions.

There are several main lines of defense focusing on ‘consumption’, ‘medicine’ and ‘finance’.

But it has gradually stabilized, and it continues to absorb information from 'infrastructure', 'state-owned enterprise reform', 'military industry', 'Internet finance', 'mobile Internet', 'smartphone industry chain', 'venture capital', 'reorganization backdoor' ', 'ST sector' and the funds fleeing from the main line concepts, as well as various safe haven funds retreating from other main line areas.

At 9:32, the decline of the Shenzhen Stock Exchange Index and the ChiNext Index both expanded to more than 5%, and the decline of the small and medium-sized index expanded to about 2%. The entire market, medium and small-cap concept stocks, encountered an avalanche, and market liquidity began to further decline. Large-cap stocks are concentrated in the direction of the main board.

At 9:33, the number of stocks in the two cities reached 30. Among them, "Shanghai Sanmao, Beijiang Communications Construction, Beixin Road and Bridge" and other popular stocks that were overly speculated in the early stage have all dropped to the limit.

At 9:34, the Shanghai Stock Index reached 2180 points, and the decline also expanded to more than 5%.

At 9:35, the number of stocks in the 'ST sector' fell to the limit, reaching 10, and the trend of falling to the limit became more and more intense.

At 9:36, the Shanghai Stock Index broke through 2180 points and continued to expand its decline. The direction of capital flows in the two cities also further shifted from 'infrastructure', 'state-owned enterprise reform', 'military industry', 'Internet finance', 'mobile Internet', Main lines such as 'smartphone industry chain', 'venture capital', 'restructuring backdoor', and 'ST sector' have flowed out of the concept, while flowing into defensive main lines with higher liquidity such as 'consumption', 'pharmaceuticals' and 'finance'. plate.

At 9:37, defensive main sectors such as 'Consumer', 'Pharmaceutical', and 'Finance' began to buck the trend and strengthen as the market's risk aversion sentiment increased rapidly.

At 9:38, the Shanghai Stock Index rebounded briefly after hitting its lowest level of 97 points.

At 9:39, both cities ushered in a rebound after local extreme panic selling.

At 9:40, the Shanghai Stock Index returned to the 2180 point mark and further impacted towards the 2185 point. At the same time... After the extreme panic selling, in a short period of time, the pressure on the market suddenly eased, and short-term copycats saw opportunities both inside and outside the market. Chassis, speculation began to enter the market.

At 9:43, the Shanghai Stock Index regained the 2185-point mark, narrowing the decline to less than 5%.

At 9:45, the decline of the ChiNext Index and the Shenzhen Stock Exchange Index also shrunk to about 65%. A number of small and medium-cap mainline concept stocks that were extremely depressed by panic selling in the two cities have slightly recovered their liquidity.

At 9:47, the Shanghai Stock Index returned to the 2190-point mark, further narrowing the decline, and the influx of short-term bottom-hunting funds also further increased.

At 9:50, the Shanghai Stock Index regained 2195 points, almost back to the opening position.

At 9:55, the Shanghai Stock Index broke through 2197 points, continuing its intraday rebound trend and setting a new intraday high. At the same time, the daily K-line chart changed from green to red, and began to cover the low gap upward. Of course... It also left an obvious 'golden needle to find the bottom' trend.

At 9:59, the Shanghai Stock Index broke through 2,200 points, regaining this important support level after extreme fluctuations at the beginning of the session.

At 10:02, the Shanghai Stock Index continued to rebound upward, with the momentum of completely covering the gap and turning from falling to rising. At the same time, it suffered an extreme decline at the beginning of the market, quickly releasing a huge wave of panic selling of 'infrastructure' , 'state-owned enterprise reform', 'military industry', 'Internet finance', 'mobile Internet', 'smartphone industry chain', 'venture capital', 'reorganization backdoor', and 'ST sector', the main concept sectors have also begun to rapidly After recovering the lost ground, they quickly rebounded to above the opening position. The strength and weakness showed signs of reversal.

With the main concepts of 'infrastructure', 'state-owned enterprise reform', 'military industry', 'Internet finance', 'mobile Internet', 'smartphone industry chain', 'venture capital', 'reorganization backdoor' and 'ST sector' The rapid rebound of sectors, such as 'consumption', 'pharmaceutical', 'financial' and other defensive main sectors that were once popular among funds at the beginning of the session, have lost their sustainability and the trend has fallen back.

At 10:10, the Shanghai Stock Index rebounded quickly and continued to set a new intraday high of 43 points, while the intraday decline shrunk to less than 5%.

Faced with such market trends...

The majority of investors in the market were dumbfounded, feeling excited and shocked at the same time.

"Holy shit, shit... I just said it was a trend of breaking and then rising, right? Haha... Those who bought the bottom at the opening today are really making a lot of money at this moment."

Some people sighed with excitement, and at the same time, they also had higher expectations for the next trend of the Shanghai Stock Index.

"Awesome, this deep V move in early trading, I really have to accept it."

"Is this a golden needle to find the bottom? It is definitely a golden needle to find the bottom. I feel that after this wave, the market has definitely found the bottom."

"I just said that the Shanghai Composite Index is not that easy to fall below 2,200 points, and it is true."

"Haha, the support of 2200 points for the Shanghai Stock Index is still relatively solid. Now I should be able to safely increase my position at this position, right?"

"It feels like it's almost there. 2,200 points should be the bottom."

"Today's golden needle in early trading should be the lowest point of this round of Shanghai stock index adjustment."

"Damn it, why did I forget to buy the bottom?"

"I just said that a number of stocks in the main areas of 'consumer', 'medicine' and 'finance' are definitely not sustainable, and that's true."

"The two main lines of 'infrastructure' and 'state-owned enterprise reform' are still strong. The rebound is so fast."

"Looking at the two lines of 'infrastructure' and 'state-owned enterprise reform' now, the adjustment should be over, right?"

"Next, in which direction will the market break through, and which main line will lead the market? The two main lines of 'infrastructure' and 'state-owned enterprise reform', or the two main lines of 'mobile Internet' and 'smartphone industry chain' Main plot?"

"Forget about the direction of the main line's breakthrough, let's wait until the Shanghai stock index turns red!"

"The short jump has been completely covered. Looking at this situation, there should be no suspense for the Shanghai stock index to turn red, right?"

"Sure enough, when the market is extremely panicked, it is when it bottoms out. As the saying goes, if others are fearful, then they should be greedy, and if others are greedy, then they should be fearful."

"Looking at the market, funds have begun to flow into a number of concept stocks in the direction of the small and medium-sized board and the GEM."

"Wash the market. This sharp drop in early trading is definitely a wash by the big funds in the market. Fortunately, it has been able to hold on and has not been washed out. Now... the darkness should be over and dawn has arrived, right?"

“For almost an hour in the morning trading, the trend was really explosive!”

"Haha, who would have thought that this kind of trend would happen beforehand? It fell unexpectedly in the early trading, and now... its rebound is also unexpected."

"Exciting, so exciting."

"I'm convinced. The main force is washing the dishes with one hand. I'm really convinced."

"Go red, Shanghai Index! This is definitely the bottom, there will be no more surprises."

"Today, at the beginning of the market, we will cut chips in the main areas of 'infrastructure', 'state-owned enterprise reform', 'military industry', 'Internet finance', 'mobile Internet', and 'smartphone industry chain', and pursue 'consumption',' Investors in the pharmaceutical' and 'financial' fields should have regretted it now, right?"

"They say that staying in stocks is like being a widow. If you don't persist until the end, how can you see the dawn?"

"Hey, I died at the last moment before dawn. I cut off Gemdale Group and chased Luzhou Laojiao. Now Gemdale Group has rebounded from the bottom for almost 4 points, but Luzhou Laojiao did not rise but fell. Damn it. ... I’m so angry that I’m about to burst. The key is that I can’t sell it at this moment, and it’s impossible to adjust my position.”

"I also cut off Changqu Technology and chased Ping An Bank. Alas... this is really the most rubbish operation today."

"That's a big loss. Changqu Technology has rebounded by nearly 5 points and has become popular."

"Sure enough, the stocks with the highest elasticity are the stocks in the direction of the small and medium-sized boards in the market. Looking at this, the most dynamic and explosive stocks in the market should be the 'growth stocks' field in the direction of the small and medium-sized boards and the GEM."

"I feel that this line of 'growth stocks' in the direction of small and medium-sized boards and GEM should serve as the main line of the market's next trend and make rapid breakthroughs, right?"

"I don't know, but the golden needle has completed its exploration. It should be safe to pursue at this time, right?"

"It's definitely safe. The Shanghai Stock Exchange Index turned red today, and even several major indexes rebounded and rose in a deep V. There is absolutely no problem."

"I just feel that the attack path of bargain-hunting funds is a bit scattered and not very concentrated, and hot money... seems to be still hesitant."

"It doesn't matter. It's less than 4% points, and the Shanghai stock index will turn red. As long as it turns red and completely reverses the intraday decline, the market sentiment and confidence will be completely reversed. When the time comes, the funds to follow up will definitely be There will be more and more, and there is a high probability that the Shanghai Stock Exchange Index will continue to rebound."

"I also think that at this time, the risk of an attack is not great."

"This trend of breaking and then rising has basically confirmed the effectiveness of the 2200-point support level, right?"

"That's for sure, otherwise the index wouldn't have recovered so quickly."

"Buy the bottom! This time is definitely the best time to buy the bottom."

The majority of investors in the market were both surprised and shocked. At the same time, they all realized that the market was likely to bottom out here and was about to usher in a violent rebound, and they all took action to buy the bottom.

As the time approached 10:33, the Shanghai Stock Index was only 26% away from turning red.

However, just when everyone thought that there was no suspense for the Shanghai stock index to turn red, today was definitely a miraculous day of bottoming out and a deep V rebound.

At 10:35, after refreshing the intraday high of 47 points, the Shanghai Stock Index suddenly turned sharply downward again.