Both markets opened low yesterday. All sectors were comprehensively in the red, and the stock index continued to decline with fluctuations. The多方 (多方 - "many parties" or possibly a mistranslation of "bulls") were silent while the空方 (空方 - "empty party" or possibly a mistranslation of "bears") obviously had the advantage. After the Shenzhen Component Index broke through the 10,000 point mark, it continued to fall, reaching its lowest level in nearly 15 months. The Shanghai Composite Index fell to 2315 points, its lowest level in 31 months. Due to the relatively resilient performance of the banking and oil sectors during the session, which provided some support for the Shanghai Composite Index, its performance was significantly stronger than that of the Shenzhen Component Index. By the close of trading, only one-tenth of individual stocks in both markets were in the red, with trading volumes relatively higher. Closing data from software showed that short-term institutional investors pulled out 9.376 billion yuan! After breaking to a new low of 2315.90, there was a quick rebound. This still has psychological effects on the new low, but from a personal point of view, further declines are still needed. However, there is no need to panic about the decline because as the market continues to fall, we can expect the second card of policy intervention. The first card, the increase in holdings by China Investment Corporation, did not have any substantial impact, allowing the stock index to continue falling, but it indeed reflects the attitude of policy. Therefore, as the index continues to fall, there is a high probability that policy will play the second card. Perhaps many institutions and funds are now waiting to see how the policy plays out. According to Jingchuan data, the average stock price still broke below the bear line. From a historical perspective, breaking below the bear line enters an irrational decline zone, so I call it the "ball theory". When the ball goes underwater, as long as the downward pressure is lost, even without any upward thrust, it will return to the water surface due to the buoyancy of the water. We should wait quietly for the opportunity to buy at the bottom of the market... There was a time when we forgot what it was like to rise, a time when stock traders stopped watching the market, a time when being stuck meant being stuck, and a time when being empty meant unwillingness to enter the market. But now, there's nothing we can do to change what has happened. The future is still beautiful, and we must look forward to it with hope. Only a positive attitude can welcome the dawn. For short-term investors, the last round of buying at the bottom also brought rich profits, but if you couldn't seize the opportunity, that's a technical issue. So for the ball going underwater again, all short-term investors need to prepare. http://www.lovojf.com/beyond Related thematic articles: How is Boyang Home Textiles? A large number of stocks closed with a limit down yesterday, Boyang Home Textiles, 17 Boyang Home Textiles flagship store, 28.46 yuan.