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Afternoon comment: There are two reasons why A shares fell across the board in early trading. What should we do next? Where is the support point?Then how will the market go next? Where is the support point of the market?Because of the noon time, let's simply talk about these!

First of all, I might as well draw a long-term framework for the market here. Please look at the picture below.Statement of the work: Personal opinion, for reference only.As you can see from the above picture, I think the market may need to build a small bottom with a raised bottom next. Then before the new year, our A shares are expected to break through 3500 points. Where is the expected support point of the market next? The support point is near 3378 points. It is just a little bit below, which is less than 1% of the closing price at noon today.

So what's the final conclusion? After closing at noon today, my conclusion is that the market may have limited room to fall. It is expected that the short-term will gain support quickly. You don't have to worry too much.Second, the smashing of funds in the north. From August 18th this year, the intraday specific transaction data of northbound funds will be lost! However, we can still see the histogram of the capital flow of the constituent stocks of the land stock connect. Please look at the picture below. As we can see from the figure below, a lot of money flowed out of the northbound capital this morning. Therefore, we see that the weight of some large-scale markets has fallen sharply today, such as the liquor sector. This is something that can't be helped. Because institutional funds like Northbound Capital rarely buy those small-cap stocks that lose money.