Back at the highest point

After joining Taoguba, I originally intended to use my pen as a blade and the stock market as a mirror, recording the ebb and flow of “qi and blood” and my search for the underlying pulse along the path of trading. I didn’t expect to receive the heartfelt support of fellow stock friends—every word of encouragement is like a warming medicinal dose that dispels the confusion and cold ailments of short-term speculation, and every bit of attention feels like a pulse-leading guide that strengthens my practice and初心 of refining a system. [Taoguba]

Xiao You fully understands that short-term trading is like Traditional Chinese Medicine pattern differentiation: amid the ever-changing swings of up and down, you must observe the “lesions” and distinguish the “yin and yang.” But the road to growth is not one you walk alone—your recognition is the most precious “medicine引” in the replay journal. It gives this methodology—built on Traditional Chinese thinking to deconstruct the stock market—a more vivid and practical soil.

In the years to come, I will continue to stick to Xiao You’s four examinations—“watch the行情, listen to the资金, ask the logic, and decide the buy/sell”—and record, truthfully, the pattern-differentiation process, along with gains and losses, for every single trade. I hope to use the stock market as the medium to trade ideas with you fellow stock friends—to cross-check and verify, and to jointly explore the path to profitable trading.

Grateful for the meeting. The road ahead is long—let’s share understanding and drink together.

26.03.27,
7:55 AM,
Xiao You shares the pre-market quick formula in time,
Today’s plan: make a pre-market cannon.

-----------------
----------------

【Pre-market Plan · Original Post】: 7:55 AM
Position diagnosis: (40%)
MeiNuoHua, bidding price of 100 million, opens moderately high with a gap; if it actively accelerates upward and maintains promotion, keep observing; if it doesn’t hold or turns into a failed/“explode” board, gradually reduce/handle positions;
Xinwei Communication, rolling treatment;
Hunan Development, bidding price of 150 million, slightly low or opens flat; if it rapidly advances and gets promoted, keep observing; if it doesn’t hold or turns into a failed/“explode” board, gradually reduce/handle positions;

Backup diagnosis plan:
TianSheng Technology, if yesterday’s concept-based first board had a one-character board “assist” and push-back effect. First, observe how divergence is met with follow-through and turns stronger; second, watch for an upside, high opening that meets expectations and moves upward actively. (Note: compare bidding volume, the opening height, how deep the sudden sell-off goes, and the strength of the rebound/acceptance.)

【Result Verification】
MeiNuoHua: bidding price 71.52 million, opens up 6+%, and actively promotes upward; basically matches the pre-market plan;
Hunan Development: bidding price 101 million, slightly high open beyond expectations; it didn’t get promoted on the board, but after a pullback it attempted a minute-timeframe rebound while being suppressed—gradually took profits;
Xinwei Communication, rolling;

Today’s bidding was generally on reduced volume—it probably has to do with the fact that, as expected, we won’t get to speak again after Friday, so funds are being more cautious.

TianSheng Technology: the prerequisite is that yesterday’s first board must have had a one-character board assist push. When the bidding ended, TianSheng opened lower; yesterday’s first boards—West Region, Shen Jian, and China Super—also all opened lower. The sector had no clear direction, and there was no initiative. That suggests the funds today are not aiming at this—so I give up.

Before the open, I also posted to share a heads-up. You can scroll back and check it.

【Xiao You’s Diagnosis Summary for Today】:
MeiNuoHua, lying down on the three-board limit;
Hunan Development, pulled up to take profits;
Xinwei Communication, rolling hold;

------------------------
March 27 — Xiao You’s Four Examinations
------------------------

1. Watching: Observe the market’s atmosphere
1. Watching the overall trend: Assess the market’s “qi and blood—deficiency vs. excess”
From short-term indicators, looking at sentiment: today’s market shows a typical “deep V reversal with contraction-and-repair.” The index opened lower and then rose; the SSE Index ultimately closed up 0.63% at 3913.72 points. The number of advancing stocks exceeded 4100, and the profit-making effect clearly warmed back up. However, total turnover on both exchanges shrank to 1.85 trillion yuan, down 90.3 billion yuan from yesterday, indicating insufficient willingness to chase higher prices and that “watch-and-wait” sentiment is still present.

In terms of short-term sentiment, the number of consecutive-limit-up stocks rebounded to 11. Yesterday’s limit-up stocks had an average rise of 2.1% today—so the profit-making effect is recovering. But the promotion rate shows structural differentiation: the 1-to-2 promotion rate is only 24%, while the 3-to-4 promotion rate is as high as 75%. This suggests that funds favor “grouping around” high-level core leaders, while competition among mid-cap stocks remains intense. Overall, the market’s qi and blood has recovered somewhat, but the foundation is still not firm—more like “a surge of虚火.”

2. Watching strong vs. weak pulse sectors
Strong pulse sectors: core is well-filled
Lithium battery industrial chain:
This is the strongest today. Within the sector, 17 stocks hit limit-up, showing an all-out breakout pattern. The core driver is the escalation of export ban on lithium ore from Zimbabwe and domestic energy storage demand exceeding expectations—logic that industry prosperity is improving has been recognized by funds.

Biopharmaceuticals:
As a defensive main line, it performed strongly, with 10 stocks hitting limit-up within the sector. Positive catalysts include overseas expansion of innovative drugs and favorable医保政策.

Power / Chemical industry:
The power sector had differences, but still 9 stocks hit limit-up, and XinNeng TaiShan advanced to a 4th consecutive board.
The chemical sector had 10 stocks hit limit-up, driven by expectations that upstream resource products will rise in price.

Weak pulse sectors: divergence intensifies
High-level tech stocks: high-level tech sectors like AI and semiconductors, which fell hard yesterday, continued to adjust today. There are clear signs of switching between “high” and “low,” as capital flowed from earlier hot themes toward lower-level sectors such as lithium batteries and biopharma.

2. Listening: Hear the market’s voice
The news backdrop forms a dual pattern of “policy stability and expectation support, and industry strength with strong catalysts.” The People’s Bank of China continues with easing operations to ensure market liquidity remains reasonably abundant. On the industry side, favorable developments such as the lithium ore export ban from Zimbabwe and domestic energy storage battery demand exceeding expectations directly ignited the lithium battery sector’s行情. Meanwhile, the high BD amounts for innovative drugs and the推进 of long-term care insurance by the医保 authority provide long-term logic support for the biopharmaceutical sector.

The funds’ intent is clear: “sell high and buy low, with risk avoidance as the priority.” Funds withdrew from high-level, crowded tech tracks and collectively poured into lower-level sectors with clear industrial tailwinds and expectations of improving performance—such as lithium batteries and biopharma. The sustained strength of core leaders like Rongjie Co. and MeiNuoHua indicates that the main funds aim to build a new market main line, not just a simple oversold rebound.

3. Asking: Questions in my own heart (reduce positions, check logic)

Personal watchlist:
MeiNuoHua:
Lying on the three-board limit. As the market’s highest leader with 6 days and 5 boards, MeiNuoHua is the leader in the biopharmaceutical sector. Today it basically matches pre-market expectations, so I continue to hold and observe.

Xinwei Communication:
Rolling hold. The hard logic behind SpaceX’s IPO and follow-on offering, and rolling is a “strong-logic vs. weak-sentiment” game approach.

Hunan Development:
Pull up and take profits. The power sector showed clear divergence, and the risk of trailing followers increases—“retain the strong and eliminate the weak.”

4. Cutting: Diagnose and operate the pulse (set strategy, clarify entries/exits)
Today the market completed a deep V, and short-term risk has been released with some sentiment repair. However, the biggest concern is the rebound on reduced volume, which indicates that funds outside the market are still watching. The market is likely to enter a phase of consolidation and range trading; the SSE Index will probably keep pulling back and advancing repeatedly around the 3900-point area.

Tomorrow’s strategy and sector expectations:

1. Strategy tone: Control position size, watch more and move less, and never chase after price increases. The main line has clearly shifted to lower-level sectors with performance and event catalysts. Operationally, you should “move away from high and toward low,” focusing on core names.
2. Sector expectations:
   Lithium batteries / biopharma: Today’s strongest; tomorrow most likely continues strong, but expect divergence. Focus on core leaders and observe whether they can continue to expand their upside space. Trailing-follow stocks should be watched carefully for a high-chase pullback.
   Power / chemicals: After divergence, the power sector still shows strength, meaning capital has likely entered deeply. Tomorrow you can pay attention to weak-to-strong opportunities among leading front-row stocks. For chemicals, watch the trend in commodity prices.

The market has already passed the most frightening moment of panic, but the call for full-scale offensive hasn’t sounded yet. Patience is key—wait for the market to choose a new main line that is stronger and more sustainable.

The biggest opportunity is where nobody looks;
The biggest risk is when the crowd is loud.
Let capital become an extension of your will!

Wishing all family members’ qi and blood are flowing smoothly—may your account soar!

Thanks to the brothers and sisters of “Jinfenshijia.” I understand and am supported by everyone through the wind and rain; along the way, I’ve had to grind forward—and it’s all thanks to you.
Xiao You has already followed back; from here on, it’s both to fish and to catch—mutual benefit.
Looking forward to more交流 and making progress together—heading toward freedom!

Thanks to everyone for your likes! Recognizing others is also accumulating one’s own blessings;

Thanks for the generous tips! For those who are willing to give, what you receive will surely come in endlessly and fill up abundantly!

Thanks for cheering me on! For those who celebrate others, the road ahead will inevitably blossom step by step and become even more brilliant;