legendary trader

Chapter 328 Chapter 329

Shortly after the Nasdaq index rebounded above 1990 points, the market ushered in a new round of short selling. Many investors, whether they are individuals or institutions, are based on prudent considerations at this time. Reduce positions.

Of course, it is also because it is already the end of the year, and many institutions need to return the funds invested in the market. Many private equity or other companies need to clear their positions and transfer funds back to account. It is also relatively low.

But this year, due to the violent shocks in the middle of the year, the stock market fluctuated all the way up after the shocks ended, and returned from the low point of adjustment to the high price zone of the whole year. Instead of reducing holdings, it has been delayed until now.

After bad rumors appeared in the market, these funds finally made up their minds to leave the market and plan to come back next year.

Under the new round of selling pressure from the bears, the Nasdaq quickly fell below 1990 points again. Although the bulls made a tenacious resistance, they barely stood still in the area around 1980 and remained near the low point. wandering.

With the lengthening of the consolidation time, many wait-and-see funds have gradually lost their patience, and have turned from wait-and-see to bearish on the market, at least in the short term. , The stock market in December will not have any chances, so a new round of lightening operations began.

Soon, the Nasdaq couldn’t resist the surging selling orders, and the index continued to fall, not only hitting new lows, but also showing a near-diving trend in the intraday, diving directly from 1981 to 1962.06. Fortunately, Miruan and other large Stock prices were strong, especially when these high-quality stocks were suppressed. After the stock prices fell, there was a lot of buying from outside the market. With the support of large-cap technology stocks, the Nasdaq once again stabilized its position and began to fluctuate sideways.

The performance of the broader market is sluggish, while Misoft, Intel, Oracle and other company stocks that have proven their value through the market have seen large-scale funds rushing into the market. These high-tech companies have been tested by the market because of their excellent performance. To create value for shareholders, when the overall market fell, it finally reflected the truth that gold always shines, and became the vanguard of the rebound in the weak market.

Affected by the rise in stock prices of these stocks, although the rice stock market did not form a wave of large-scale rebound, at least it has re-entered a weakly balanced market.

Seeing that the rice stock market had finally stabilized, Chen Fan said to Zheng Xiaopang beside him: "Send a message to the team leader below so that they can start working."

"Do you think it's almost fallen?" Zheng Xiaopang asked, "It seems to have just started to fall."

"It's still a fart. High-quality stocks have been looted by people. Who will continue to throw them out? It is estimated that the stocks sold now are the funds that need to be settled at the end of the year. They must clear their positions before the end of the month, transfer the money back to the account, and enter the market next year. Yes, as long as there is no pressure, no one will continue to sell stocks." Chen Fan shook his head and said to Zheng Xiaopang.

"Okay, let them work." After finishing speaking, Zheng Xiaopang quickly typed and sent the message through the chat software, "By the way, our software company plans to officially launch after the new semester starts next year. We are now a beta version. Also need to upgrade."

"I see, let's see if the plan of the old class is reliable, and give them a one-year timeline to promote it." Chen Fan nodded with a smile, "I saw Miruan's method, which is binding. They I want to bind chat software and anti-virus software together, and I don’t know if it will be questioned and suspected of being a monopoly after it is launched.”

"Hehehe, you're overthinking. If someone really sues you, then our software company must have defeated Tutu in the market. Otherwise, whoever has nothing to do with us." Zheng Xiaopang said with a playful smile.

Soon, the accounts of the traders became active, and many traders started to increase their positions in the stocks they were optimistic about after being notified that they could take action. Of course, Chen Fan could also imagine that they must still be aggrieved. You can buy the stocks they allocate, but you can't touch other stocks that you are optimistic about.

Chen Fan didn't care about their feelings, and after watching it for a while, he said to Zheng Xiaopang: "Let's give a notice to those traders tomorrow. They can handle the stocks they increase their positions this time, and they can make money according to their own rules." The company's rules accrue a share."

"Okay." Zheng Xiaopang just nodded and said nothing.

The next few hours became garbage time. The Nasdaq has been oscillating sideways below 1970 points. Although the bulls wanted to pull the market back up, they gave up after trying to rebound several times but failed. Strictly guard against the bottom to prevent the market from continuing to fall.

Obviously, the bullish force in the market is also very strong. After several attempts to raise the stock price and suffered relentless selling pressure, they may have also discovered that a lot of short funds in the market now come from institutions that need to roll off accounts at the end of the year. This is uncontrollable. , So I tacitly stopped the pull-up action temporarily, and only did some plate protection work.

And a large number of bullish funds for rice stocks also bought stocks one after another following today's market crash. The strength comparison between the long and short sides gradually became balanced, and they began to exchange chips in a tacit understanding.

In the end, the Nasdaq closed at 1966.92 points, down 3.07%, which was also the biggest day of decline in recent months.

On the same day, the Dow also experienced a drop of more than 3 points, closing at 9002 points. The S&P index was a little more defensive, but it also fell by more than 2 percentage points.

Chen Fan didn't care too much about the occurrence of Black Monday in the market. He had expected it a long time ago, and the drop was actually not that big. Although it looked scary, you can think about the shock half a year ago. This drop is really not a big deal .

But at this time, Chen Fan feels that many institutions in the market that need to pay back at the end of the year seem to be shipping now, so where exactly will he expect the final battle at the end of the year to report?

Chen Fan had to think about this issue, because he has been paying attention to the rice stock market. Chen Fan has discovered that the trend of rice stocks this year is slightly different from previous years. In the last quarter of the end of the year, the market did not show a significant downward trend. Obviously, a lot of funds were returned at the end of the year There were no shipments, so Chen Fan always thought that these funds would be liquidated in large quantities in the last few days of the month, and the funds would be withdrawn, which would inevitably put pressure on the short-term market trend.

It is also for this reason that although the ability told Chen Fan that the high point in the last month should be around 2200 points, Chen Fan did not enter the market when he saw that the price of the December Nasdaq futures contract was at 12 points. Interested, because he feels that the market is likely to experience a round of decline during the delivery period of the Nasdaq, which will inevitably affect the price trend of the Nasdaq contract. It can be said that the profit margin is actually not large.

But now that these funds have begun to leave the market one after another, the pressure at the end of the year will undoubtedly reduce a lot, and it becomes difficult to figure out where the point will be collected at the end of the year.

If the Nasdaq can receive around 2200 points by the end of the year, then the current Nasdaq contract price of 2098 points will be very attractive, with a profit margin of more than [-] points, considering that there may be premiums and so on.

Chen Fan stared at the Nasdaq index and Nasdaq futures for a long time, and finally sighed helplessly, "Forget it, let's hurry up and make arrangements on the March contract."

As the delivery day approaches, the trading volume of the Nasdaq futures March contract has increased significantly today, and the trend is also slowly falling. Obviously, the rumor of interest rate hikes has a more obvious impact on the Nasdaq futures, because the index futures fell more than the index today. decline.

Seeing that the futures team continued to buy Nasdaq futures 3, 6, and 9 contracts, Chen Fan was very satisfied. They were not affected by the rumors, and Chen Fan was more and more satisfied with their operations.

But what he didn't know was that several people from the futures team discussed together before the market opened today, and they came to the conclusion that regardless of the market's ups and downs, they are all buying, buying, and buying.

A few days ago, Chen Fan and the others suddenly asked the trading team to suspend the purchase of stocks. They knew about it, but Chen Fan's latest order was not communicated to them. Obviously, the boss's intention was clear, just to suspend the purchase of stocks. The purchase of futures contracts is suspended, and when Chen Fan asks them about their situation, he always only asks how many contracts they have bought, and never asks about the price. As long as the instructions are done, it is not their responsibility to have problems.

What makes them happy is that there is no change in the June and September contracts today. Although the price is falling, there are very few buy and sell orders. Obviously because of the approaching December contract, the trading volume has increased significantly, and the price has even dropped below 6 points.

Although the Nasdaq futures contract in March has fallen sharply, resulting in floating losses on their books, the losses are actually not large, because the long orders they hold are only a few thousand lots.

Today's significantly enlarged trading volume made them extremely happy, which is not easy.

Today, I bought hundreds of lots above 2200 points. In the past, it took several days for the market price to complete this amount. However, I increased my position by thousands of lots below 2200 points, almost doubling my position.

Ning Yongyou, Kuang Jichun and the others didn't know either, they hit Chen Fan's new ideas on the wrong side, it can only be said that good luck tricks people, and no one can stop luck when it comes.

But what really surprised Chen Fan was the price trend of rice stocks on Tuesday, which shocked everyone's eyes at the opening.

After the rice stocks opened on Tuesday, the three major indexes all rebounded, especially the Nasdaq index, which opened nearly 1984.91 points higher at 20 points, and then quickly regained its position at 2000 points, completely unaffected by Monday’s sharp drop , the trend chart and technical indicators were also quickly repaired, but the trading volume did not increase, and was even lower than Monday's trading volume. It is obvious that the market does not have the potential to go higher for the time being, and it should only be because the panic atmosphere has dissipated, especially on Monday The stabilization of the market at the end of the day greatly encouraged the market's confidence in holding shares. As a result, the number of investors who sold stocks on Tuesday decreased significantly.

The rice stock market continued to maintain a low level of trading volume on Wednesday. The Nasdaq and other three major indexes also temporarily lost their upward momentum after rebounding on Tuesday, and started a small correction again, but the decline was very limited.

Although the Nasdaq index once rose to 2027.19 points during the day, the Dow and the S&P index did not cooperate but pulled back one after another. The market trading volume did not increase synchronously during the rising process. In the end, the bulls gave up and continued to attack and began to defend. , with the failure of the rebound, the bearish funds in the market gradually gathered together again, forming a round of bearish pressure. The Nasdaq once fell below 2000 points in the intraday session. Finally, the Nasdaq closed at 2, tenaciously holding 009.36 points Integer pass.

What's very interesting is that during the turbulence of the past two days, Chen Fan discovered through the background data that the traders in the two trading groups below did not carry out any actions to reduce their positions, but were waiting for the market to rebound, which surprised him a bit.

From Chen Fan's point of view, at the small meeting on Monday night, some traders were not optimistic about the market next year, but judging from their actual operations, they seemed to be optimistic about the short-term market trend, so After the market rebound failed, no one reduced their positions, but they all waited.

Zheng Xiaopang is very open about this issue, "Most of those people are experienced traders. Even you think that the interest rate hike rumor has more impact on the market based on psychological aspects, at least in the short term. Substantial negative, how could they be bearish on the market, especially the current trend chart, all of which are in an upward trend, and now they are near the lower track of the channel, so they can wait and see."

Chen Fan was deeply convinced of this, and Thursday's trend also confirmed this point. No substantive bad news will not hit the current U.S. stock market.

At the market opening on Thursday, the three major indexes all gapped and opened higher. After the Nasdaq opened at 2 points, the opening point became the lowest point of the day. After entering the auction trading session, the Nasdaq showed a sharp pullback In an upward trend, it rushed past Monday's high point of 014.78 points in one breath, directly rushed to 2029.36 points, and then fluctuated above 2035.72 points, hitting 2030 points from time to time.

Looking at today's trend, I feel that the market is going to go higher. Chen Fan and Zheng Xiaopang also watched the entire game for the first time. They used to go back to rest after seeing the early morning. Today, they only went back after the market closed at 4 o'clock in the morning. But what frustrates them is that although the opening showed an upward trend, most of the day was in a cowhide trend above 2030 points. It only launched a small upward attack in the last half an hour before the close. In the end, the Nasdaq It closed at the second highest point of the day at 2, which was also the highest point of the day, but the system showed it as 043.88 points, and the trading volume also increased slightly, close to Monday's level.

"What the hell, I was tricked by the market today. The opening was so strong, and it turned out to be such a trend. It's a waste of expression." Zheng Xiaopang scolded a little unhappy after seeing the market closing.

"Today is actually very good. Although there is no market opening later, it will go well, but it is actually not bad. The main reason is that the market has shown signs of breaking new highs." Chen Fan really said to Zheng Xiaopang with a smile on his face.

(End of this chapter)