My fintech empire.

Chapter 1190 [1 Road Waiting Chapter Adjustment 1 Road Missing Market]

Chapter 1190 [Waiting for a callback and missing out on the market]

On the day when Kunpeng Technology's total market value exceeded 5000 billion, the three major A-share trading markets also ushered in a general rise in the market that day. The main board market index also once again exceeded 3000 points. The three major trading markets had a trading volume of 9747 billion, approaching one trillion yuan.

The Shanghai Composite Index closed up +1.82% at 3049.38 points after the market, with a turnover of 2887 billion yuan; the Shenzhen Component Index closed up +1.54% at 10757.85 points, with a turnover of 4462 billion yuan.

The best performing index was the New Securities 50 Index, which set another historical high with a big positive line. It surged +4.16% after the market closed that day to 1901.56 points, with a turnover of 2398 billion, and reached the 1900 point mark for the first time.

With this trend, investors from all walks of life in the market are generally optimistic and expect that the New Securities 50 Index will be able to reach the 2000-point mark this month.

Investors opened the K-line chart of the index and found a picturesque K-line pattern. During the beginning of the year, the index fell from an initial value of 1000 points to 780.15 points, which was a historical gold pit. There is only one opportunity to buy at such a bottom, and once missed, there will be no second chance.

As for the trend from the historical bottom of 780 points to the present, except for the short-term violent fluctuations in April, the overall K-line trend chart shows a unilateral slope of 4 degrees and has been rising all the way. The maximum range increase has expanded to +45%. The exponential increase can instantly kill more than 144% of the stocks on the main board.

There is no doubt that the SGX market is in a bull market, and it is no less bullish than the A-share market last year.

Looking back now, let alone the ultimate golden pit of 780 points above, even the 4 points hit by the sudden black swan event in April is a rare historical golden pit, and it is unlikely to go down in the future.

Many people now regret not buying the dip when the stock price plummeted to 4 points in April. Otherwise, even if they held the Xinzheng 1156 ETF until now, they could have earned nearly 50 percentage points in return. If they had bought the dip, the now ST WeChat would have doubled its profit without any effort.

Even if you were trapped at 4 points in April, which was considered by countless people to be the top of the universe at that time, as long as you lie low and do nothing, you will now have a return of more than 1575 percentage points. For many investors, a return of 20 points in just two months is already extremely satisfying.

The ones who regretted the most were the 20% or so who sold their positions at 1156. They are now regretting their decision, and seeing that the New Stock Exchange 50 Index is now at 1900 points, and they sold their positions at 1156 points, they are so angry that they are slapping their thighs.

Those who corrected their mistakes and recovered their losses after the big rise were fine, but those who kept waiting for a pullback to fill the 1300-point gap were the ones whose hearts were bleeding, because the Xinzheng 50 Index did not fill the gap at all.

The adjustment during this period was a pullback during the upward relay, and the maximum adjustment range was only about 3 percentage points. Then it rebounded again and further set a new high. It rose all the way to the current 1900 point mark, and unknowingly began to challenge the important integer mark of 2000 points.

In fact, there are some people who were waiting for the NSE 50 Index to fill the gap. They found that when it broke through 1575 points to create a historical high, they regretted not chasing the rise. Then they were afraid that chasing the rise at this time would face a correction, so they planned to wait and not seek to fill the gap. They would intervene when it returned to the previous psychological position of more than 1400 points.

As a result, the Xinzheng 50 Index continued to hit new highs all the way to 1700 points. I regretted not intervening at more than 1500 points. Then I thought there would definitely be a deeper adjustment this time. So I waited again, thinking that there would be no more than three times the limit, and planned to intervene when the index fell back to around 1600 points. The result was unexpected, it actually went all the way to 1900 points.

They started by waiting for the gap to be filled and ended up missing out all the way, watching the New Stock Exchange 50 Index rise all the way from 1156 points to the current 1900 points. This made those who were waiting for the gap to be filled and for a deep correction feel very frustrated and beat their chests in anger.

In fact, this market is really friendly to investors, especially small and medium-sized individual investors. More than 70% of stock investors’ investment accounts are profitable, and those who lose money have become a minority. Even in a mature and complete market, there will still be people who lose money. This is a fact that no one can change, not even God K.

In fact, the vast majority of investors are extremely satisfied with the SGX market. There is no other reason. Almost none of the investors who come here to play have ever been beaten up by the main board next door. With this intuitive feeling of gap and with the contrast from the next door, investors really can't find any reason to complain.

Even investors who have lost money are no longer cursing the SGX. Instead, they are choosing to introspect. They blame their losses on their own misjudgment and lack of knowledge, rather than on market issues.

Now no one will mention the logic of "filling gaps" in the SGX market anymore.

Any stock analyst or big V teacher who uses this kind of logic will definitely be criticized to death, especially those who believe in "filling every vacancy" and thus miss out on the market. They are already very annoyed and have nowhere to vent, so they will criticize those who use this kind of logic.

……

As time goes by, half of July has passed, and the New Securities 50 Index has continued to rise and has reached the 1900-point mark, and is about to move towards the 2000-point mark.

At this time, those who missed the opportunity before finally couldn't stand such a continuous rise and no longer longed for any deep correction. They began to rush into the market and would intervene as long as the Xinzheng 50 Index fell back to the five-day average price line.

Before, I wanted to wait for a deep correction before intervening, but I missed out all the time. Now looking back, any time to intervene is a good time to buy, and the earlier you intervene, the higher the return.

If I had realized it earlier and bought in without hesitation, I would have made considerable profits now, not to mention the huge gains.

Now I am finally convinced by the New Securities 50 Index, and silently went through K God’s previous Weibo posts again, telling myself in my heart not to care about short-term fluctuations. K God said that the New Securities 50 Index will have a long bull market in the future for ten years or even longer.

Judging from this, the SSE 50 Index will most likely break through 1900 points in the future. It is only points now.

It has only been half a year since the opening of the SGX. Intervening now is the right thing to do. So why hesitate? Just do it.

As a result, those who missed the opportunity and who believe in "filling the gaps" entered the market in large numbers, no longer waiting for any gap filling or deep correction. They just did it first and talked about it later. They could not short their positions completely, and would add positions when a deep correction occurred. In this way, they could attack when they advance and defend when they retreat.

However, just when this group of people who missed the opportunity had just chased the 1900-point rise, the New Securities 50 Index really underwent a decent adjustment after reaching 7 points in mid-July.

Throughout the second half of July, the New Securities 50 Index fell all the way back to 1678.85 points, with a range adjustment of -12.73%, becoming the largest adjustment since April.

This made those who bought at more than 1900 points and missed the opportunity very depressed. They held back for such a long time and the price kept rising sharply. Finally, they could not hold back any longer and took action. The deep adjustment they had been waiting for finally came, but they found at this time that the price was already at a high level.

In a sense, it is because those who missed the opportunity finally couldn't help but take action that the peak came as expected.

The funds that had accumulated huge profits in the past had a need to withdraw, so it was natural for them to throw their chips to them. This was reflected in the market trend that the Xinzheng 50 Index coincidentally peaked and really began to make a decent adjustment.

However, the funds of these people who chase high prices and wait for the opportunity do not actually account for a large proportion. The timing of their intervention at this position itself has some problems. Those funds that have accumulated huge profits need to withdraw, but these people who missed the opportunity are unable to take over.

The biggest reason why this time point will usher in a formal adjustment is that the newly-launched over-the-counter funds in the first half of the year completed their fundraising and began to enter the market in a big way. The massive funds from investors are the biggest receivers, and this was expected several months ago.

In industry terms, this is the time when good news is realized, so previous profitable funds take this opportunity to dump their chips on the investors.

However, real gold is not afraid of fire. As long as the long bull logic of the Xinzheng 50 Index remains unchanged and the upward relay trend is not terminated, the investors' acceptance of the chips of profit-taking funds at this position cannot be called taking over, but should be called relay.

For investors, a deeper adjustment is actually a good thing in the long run.

……

(End of this chapter)