legendary trader

Chapter 339 340 consecutive new highs
After listening to Mr. Li's question, Xiao Yang said hesitantly: "Looking at the market today, there are no big institutions in the market, and the stock market is all made by small and medium-sized institutions, so it feels very scattered, and I have not been able to successfully gather long positions. popularity.

Pausing for a moment, seeing that President Li was still staring at me, I had no choice but to continue: "I don't think I have anything to say for most of the day today. The two periods of opening and closing may be worth thinking about."

Only then did Mr. Li become a little interested, and said with a smile on his face, "Tell me, what's worth noting."

"If the opening gap was not deliberately made by the main force of the market, it means that there is still a bullish atmosphere in the market. Of course, if it is deliberately made by the main force, it will be another story, but judging from the whole-day trend. , The opening didn’t look like it was manipulated by the main force, but it seemed like a spontaneous market trend.”

"It is also worth noting that in the late trading, after the index stabilized around 2200 points, there was a surge in the last few minutes. It once rose by more than ten points, but it was suppressed in the end. At that time, the trading volume was very large. It's a bit like the main force is operating." Xiao Yang scratched his head and said.

"You mean that the main force tried to push up the market at the end of the day, but failed?" Mr. Li asked with interest.

"No, I think suppressing that is like the main force. At that time, I felt that the spontaneous force of the market was still very strong, and there were quite a lot of long-selling institutions on the market, but suddenly the dozen or so large stocks were under concentrated selling pressure. It directly knocked out the upward momentum of the market, and finally a cross star appeared at the close, which is very imaginative." Thinking that Mr. Li misunderstood what he meant, Xiao Yang hurriedly explained.

Mr. Li nodded noncommittally, "What about the index futures? What do you think of the intraday push?"

"It should be a strong institution building a position. Maybe it's the funds returning to the market in the New Year. It feels like they are opening long positions regardless of cost." Xiao Yang said after thinking about it.

"What do you think of the market outlook?" Mr. Li continued to ask.

"Today's trend is not very good. It's really hard to say what the trend will be in the next few days, but as far as the current market performance is concerned, the bulls should still have a slight advantage." Xiao Yang laughed, and then immediately added: "Maybe it's mainly me It is bullish on the market, so it may be more inclined.”

"What do you think about tomorrow's trend?" Mr. Li closed his eyes and thought for a while before asking.

"Tomorrow. Well, I think it may still go up." Xiao Yang paused for a while when he said this, and then continued after thinking about it: "Although the market closed near the opening point today, it seems that the bulls have little advantage in the market. , and even the performance of the shorts was stronger during the session, but the shorts were not able to suppress the market at all. Some of the players are bullish on equities, at least at this stage."

"Well, well, go back and rest early, I'm leaving too." Seeing that Xiao Yang had nothing to say, President Li got up and said.

On Tuesday afternoon, Chen Fan sat by the computer alone and watched the Nasdaq futures in a daze.

Zheng Xiaopang has already found some good tennis players among the traders, and they have already made an appointment to play tennis.

The current brightness of the Nasdaq March contract can only be said to be okay, with an increase of more than 3%, that is, in January and February, the Nasdaq futures have a chance to rise above 1 points, and may reach 2 points. This is the current ability to tell his.

If you try your best to build a position at this time, what will be the result?

Chen Fan currently holds more than 3 lots of positions, and the current total position of the March contract is only 37 lots, which means that their accounts have accounted for nearly one-third of the total futures. This proportion is It’s huge, if it continues like this, it’s hard to guarantee that someone won’t be found holding a huge long order. Ordinary institutions can say that they can’t control the market. If they were discovered by the forces last year, it should be easy to manipulate the market to plummet and snipe them. of.

Chen Fan is now considering whether to use more company accounts to spread out these positions.

Unable to think of a good solution, Chen Fan casually flipped through the previous futures data unconsciously, and soon he discovered the abnormality in the data.

去年9月合约和12月合约持仓量的峰值都曾经达到百万手以上，特别是刚刚结束交易的12月合约，在12月中旬的时候持仓量更是达到创纪录的2百万手。

Seeing this, Chen Fan laughed at himself. He frightened himself. It should be said that the main long and short players in the market probably haven't really entered the market yet, and they may even be just paying attention, and haven't even made a test move.

Then should I use the new account to increase the position, and I can no longer use the old account to open more long orders.

The most critical thing is when the main futures players will start to invest heavily in the market to build positions. If they are not covered by huge transactions, it will be very dangerous for them to continue to increase their positions, and they will be easily targeted by the main players in the market.

It seems that it is still necessary to increase the position according to the market trading, and the trading team cannot be allowed to open positions freely, otherwise it will be very troublesome to expose the target.

Chen Fan didn't know where his random thoughts went, he didn't think about what the market would be like tonight.
At 9 o'clock in the evening, Chen Fan and Zheng Xiaopang were already sitting in the office watching the opening of the Nasdaq. Today's opening was normal, and the market opened flat at 2 points.

"Why did you ask Ning Yongyou and the others to build positions based on market trading?" Zheng Xiaopang said relaxedly after seeing the market opened flat.

"Our position in Nasdaq futures is a bit high. Although it is held through multiple accounts, I still want to be on the safe side not to occupy such a large position." Chen Fan replied to Zheng Xiaopang with a smile.

"It's going to be flat today, how do you think it will go?" Zheng Xiaopang didn't get too entangled in this matter, so he changed the subject and asked about today's trend.

"I saw you were nervous before, hehehe." Chen Fan smiled at Zheng Xiaopang, "Are you worried that the market will fall today?"

"The end of trading yesterday was not very good. I am really worried, but it seems that there is no problem at the opening." Zheng Xiaopang just nodded and smiled.

Soon after the rice stock market opened, the Nasdaq index fluctuated slightly around the opening point and then began to rise slowly. The trend was not strong, but the trading volume showed signs of enlargement. Obviously, there were some Funds that are not optimistic about the trend at the end of yesterday are selling stocks.

As for the Nasdaq futures, it has been trading sideways near the closing point before. When the market opened, it led the stock market and began to rise slowly, and it did not lose the name of the stock market bellwether.

Today I don’t want to continue the operation like yesterday, so I’m just staring at a few trading groups to see their transactions. The futures trading group is okay, because the index’s upward trading volume has also increased evenly, and their side is still the same as before. Continuously open more orders to increase positions, because the trading volume is good, it is basically not affected.

However, the two stock market trading teams hardly moved, and they seemed to be still observing the market, studying and judging today's trend.

Unknowingly, more than an hour has passed, and the Nasdaq index has risen to around 2230 points, which is approaching the intraday high set just yesterday. The trend is still relatively stable. Although it is not very smooth, the upward momentum has not been reversed. There was no sign of short sellers attacking the market today, and everything went well.

The Nasdaq futures have also risen sharply. This will have risen to around 2348 points, which is just a short distance away from yesterday's high point. Almost, there are no real big shorts entering the market at present, and some small and medium-sized institutions are shorting.

"If there are no large institutions to enter the market to short after the high point is reached, the market will basically be stable. What we have to pay attention to is not to be exposed." Chen Fan was also relieved to see this, although he knew that the market would rise , but he doesn't know whether there will be a violent shakeout before the rise, and their positions are not light now, so he doesn't want to be attacked by the main force of the market.

"It's very good today. Slowly go up, don't go down. The turmoil like yesterday is really sad." Zheng Xiaopang is also very happy to see the stock market and futures are going up.

"It's still early, no matter what the market is, you have to fluctuate a bit. As long as you don't hit today's intraday low, I think the market outlook will basically be stable." Chen Fan said with a smile, "It is estimated that yesterday's trend made the main force of the market I feel that the current market is already very clean, and there are not many floating chips.”

Seeing that Zheng Xiaopang still didn't understand, he just stared at him like this, waiting for the next sentence, Chen Fan said with a smile: "If the market has a lot of floating chips and is unstable, there will be no such pull-up at the end of yesterday. On the contrary, not only If it doesn’t rise, it might even dive.”

Zheng Xiaopang was stunned for a while, then shook his head and said, "Whatever, as long as the market goes up, it's fine. By the way, do you think today's trend is the main force operating?"

"The futures side has seen a lot of volume, which is a bit like that. The stock market is not sure." Chen Fan said with a relaxed face, "It doesn't matter whether it is, it is now very clear that there seems to be no short positions in the stock market, and the ones that come out are all winners." Profitable market. Maybe it is out of prudent consideration, and I still want to reduce my position on rallies, hehehe."

It is said that there are no short positions in the stock market, but as the market continues to rise, selling orders are also increasing, especially after approaching yesterday's intraday high, selling orders continue to emerge, and finally the Nasdaq is rising to around 2232 points At that time, there were signs of weak growth, the trend line began to flatten, and there were signs of adjustment.

At this time, the futures index has not been affected by the stock market at all. It has already broken through yesterday's intraday high of 2353 points and then continued to attack upwards, showing the strength of the bulls in the current market.

"There should be a lot of money building positions in futures." Chen Fan stared at the latest position data displayed for a long time and said, "In less than two hours, there was an increase of [-] lots. Such a blatant position building, obviously It is not done by ordinary institutions, it is to clearly tell the short sellers that there are long funds here, so come and gamble quickly.”

"Hehe. Futures are just gambling. It just depends on whether you bet on the ups or downs." Zheng Xiaopang shook his head with a smile, "Someone should come in to gamble. There is never a shortage of people who are serious about gambling in the market."

"Tell me, what will happen if no one takes the order?" Zheng Xiaopang said suddenly after the trading room was quiet for a while.

"You mean no one came in to short?" Chen Fan scratched his head and didn't know how to answer, but he was also thinking in his mind. If there were no shorts entering the market and there was only one long fund in the market, would they continue to pull up or not? Adjustment, after all, if you want to gamble against each other with this fund, of course you have to have an opponent and a position, otherwise you won't get any money no matter you win or lose, so it's better to honestly put the money in the bank to earn interest.

"Let's take a look, I don't know, I guess no one will come in, even if they feel that the current point is not suitable for shorting, they will place some empty orders outside to attract the price to go up to the point they want. position." Chen Fan casually said noncommittally.

The NASDAQ finally failed to break through yesterday's intraday high. After touching 2232, it began to turn around. The index fell below 2230 and fluctuated within a narrow range around 2225. It seemed to be gaining momentum, but The upward trend has maintained fairly well, and there should be potential for continued upward trend.

The Nasdaq futures continued to rise. After breaking through yesterday’s intraday high, the trading volume appeared in the near future. After the Nasdaq continued to break through upwards, the trading volume began to shrink. Obviously, short funds also found that no large institutions entered the market to short. Relying on them, these small shrimps cannot withstand the long funds in the market, and they all chose to retreat wisely.

Soon the Nasdaq futures rose to 2370 points, but the trading volume at this time has been reduced to that at the opening of the market, and there are only one or two digit small orders in the market.

Perhaps the bulls also felt that it was meaningless to continue such an empty pull, and began to actively adjust their strategies, not to continue to push up prices, and the Nasdaq futures also began to adjust.

After half an hour of sideways trading in the stock market, it seems that it is about to become active. The stocks of large-scale computer manufacturers such as General Machine Company began to increase in volume, and the stock prices continued to rise, which once again drove the Nasdaq index to rise.

Some personal computer companies have also begun to make efforts as the stock prices of large computer companies have risen. In the end, the stocks of companies closely related to these companies, such as Misoft, have also begun to start successively.

The Nasdaq came out relatively quickly this time, unlike the previous hesitant rise after the opening of the market. After the index rose with the rise of large-scale stock prices, because a large number of stocks of technology companies followed the rise, the index soon began to rise rapidly. Jumping up, and there are obvious signs of accelerating the upside.

It took just a few minutes from the beginning of the strong stocks to the market breakthrough, and in this time, the Nasdaq index broke through the record high of 2233.57, which was set yesterday, and hit a new intraday high.
(End of this chapter)