In the past few days, the A-share market has been unprecedented, and it has risen sharply across the board! The Shanghai Composite Index is approaching 3100 points! Let many investors witness history! In just three days, the market soared by 300 points, and then the trading system went down due to overload, and even a big guy like CITIC Securities couldn't help but shout the word "dry", which shows how crazy the stock market is! It's really love in late autumn!
But in addition to being happy, we still have to stay awake!
However, behind this rally, there is another hot topic, that is: Are short-selling institutions liquidated? There are rumors that the neutral strategy of quantitative private placement has overturned, and even the futures circle is also rumoring, it is estimated that some products have triggered the risk of forced liquidation. Judging from the performance of the market, it does look a bit like a sign of institutional liquidation. Before the market was sluggish, many institutions opened a lot of short orders on stock index futures, thinking that the stock market would continue to fall. As a result, this sudden big rebound caught the bears off guard, and the liquidation was almost a certainty. As a result, some people ridiculed that the trading system was down today: "The bears can't bear it, so they pull out the network cable." "It's a fall, you wool; Rise, suck your wool!
In this regard, CITIC Securities responded to the rumors of "short order liquidation", which is the behavior of customers, observing today's profit and loss list of institutional seats, CITIC Futures lost more than 6.6 billion yuan, ranking first.
The sound of the bull market can now be said to be flying all over the sky, and some people are happy, after all, it is really to enter the stock market now to pick up money, and naturally there are people with sad faces, watching the market fly, but they must be unwilling to cut meat early or get off the car early. Now that the market is so restless, how should the next market respond? Do you need to calm down?
System congestion: accidental or intentional?
Today, we not only witnessed the sharp rise, but also witnessed the downtime of the Shanghai Stock Exchange's bidding platform at noon, and many shareholders could not buy or withdraw their orders. It has caused many shareholders to be dissatisfied in their hearts. Just after half an hour of morning trading, the Shanghai Stock Exchange system was paralyzed due to too many orders, and funds had to be transferred to other markets, resulting in the ChiNext index taking the opportunity to soar, and stock index futures were also flooded with a large amount of funds.
However, in the afternoon, the ChiNext index began to fall, and individual stocks also had a little pullback, which made many people start to worry: If it rises so fast, is it going to be adjusted? In particular, the situation of not being able to buy and sell makes people more worried about the loss when the market pulls back. Actually, you don't have to be too nervous. Although there was some selling pressure in the afternoon, the index quickly stabilized. It is normal for funds to pull up shipments before the holiday, but from the overall strength point of view, buyers are still stronger than sellers, and the market is still expected to continue to rise steadily in the short term.
1) It may really be that the system is not ready, after all, who would have thought that it would rise so hard?
2) Perhaps in order to prevent the market from going up and down, the "flow limit" is deliberately carried out.
3) It is also possible that there is a fear that a large-scale selling pressure will cause panic, so this method is adopted to stabilize the morale of the military.
If the system is not stuck today, the market may have rushed to 3100 points long ago, and even challenged the high point of the year. For stockholders, it is better to close early today, after all, the system is stuck, and many people can't buy if they want to, and they can't sell if they want to, but they will suffer a little loss. However, if the market can rise so much today in the case of trading congestion, it can only mean that the bull market is coming!
But the question is, how long will this bull market last? Judging from historical data, the longest bull market in A-shares lasted 2 and a half years, the shortest bull market lasted 1 and a half months, and the average bull market lasted 1 and a half years
However, the investment market is always full of opportunities and risks. Especially at this time, it is especially important to keep a clear head, do a good job of risk management, and at the same time have the courage to seize opportunities. Although the bull market waits for no one, don't be carried away by the bull market.
Remember, no matter how the market changes, the most important thing is to have your own judgment and not follow the crowd. I wish you all success in this wave of market!