legendary trader

Chapter 347 Chapter 348 Bad Judgment

Chen Fan and Zheng Xiaopang chatted while drinking tea, and the rice stock market opened, and Zheng Xiaopang was delighted at the opening price in an instant.

The Nasdaq opened 2 points higher at 373.97. Obviously, although the futures index market is a little worried about the future development of the stock market, it is obvious that the main force in the stock market still intends to continue to push the market higher, rather than adjust to digest when bad news spreads. These negative effects.

However, when the market entered the normal quotation period, the Nasdaq did not continue to rise as Zheng Xiaopang thought. Instead, it entered a correction market after a short surge to 2375 points, and the Nasdaq began to fluctuate and fall all the way.

Zheng Xiaopang has been staring at the Nasdaq index and the changes in the popular stocks in the market at this time, and found that not only the index is constantly falling, but even the popular stocks are obviously weak. If you come out, then naturally there will be no way to attract more funds to enter the market to push up the stocks. Without a large-scale upward attack on stocks, the index can only continue to maintain a fluctuating and downward trend. It keeps hitting new lows during the session. That 29-point gap went.

"Damn it, it looks like they want to make up the gap. The dealers in this market are really... the gap must be filled." Zheng Xiaopang didn't know what to say when he saw this.

"You are content, the two of us are sitting here, just looking at how the Nasdaq market is doing. Now the Nasdaq is still pretty good, and the Dow and S&P are going to be bad." Chen Fan curled his lips and said disdainfully, "There is no stock in the Nasdaq market that dares to go out of the independent market. It may also be related to the weak trend of other markets. It is still good now. There is a gap directly. The current decline is just a feeling of filling the gap. It is a strong adjustment. Well, the two indexes over there have been red for a long time."

"That is to say, today's gap is still there. In fact, the gap has been filled. I remember last Friday's highest was 2369 or something." Zheng Xiaopang seemed to be recalling, whispering.

"There are no shortages on the K-line chart." Chen Fan said with a smile, "Your baby is still quick to react and has a good memory. It is indeed 2369. Now the lowest is 2362. There is no gap on the K-line."

"Will it still go up today? What do you think?" Zheng Xiaopang laughed twice and still asked the question he wanted to know the most.

"I think it's going to rise. The current situation may be to continue to wash the dishes. After all, the news has spread now. As for the lethality, it depends on personal judgment. However, it is estimated that some people will be nervous to ship goods based on this news. Take a look. This opening, my good guy, it opened higher again, so let’s sell, and the stocks will rush out.”

Chen Fan said his thoughts with a smile, "As for today, I think it is still going to increase, otherwise why would you open higher, this is a matter of giving money to people, can't you open lower?"

"Yeah, it makes sense. I guess it will fall to the end here. Maybe it will start to rise after the gap is closed. If you get those funds out, you can start today's rise. It's no problem to hit a new high." Zheng Xiaopang is still a little Looking helplessly at Chen Fan, he asked.

"It should be, but it will definitely not go up to 2500 points." Chen Fan said jokingly, his tone seemed relaxed, but his expression was very serious.

"Hehe. 2500, I think you are missing a 0." Zheng Xiaopang scolded with a smile, "I don't know if I can get there at the end of the month."

The subsequent stock market continued to fall like this, and the intraday trading volume also began to shrink after the opening of the market. When the market fell to around 2350 points, it seemed that there was no buying in the market. The pending orders below Very few, completely different from the past few days.

Some time ago, after the market fell sharply, there will be a huge amount of buying orders below. With the help of these buying orders, the market will stop falling until it recovers. However, the more the market falls today, the smaller the pending orders on the buying price, and The exact opposite has been the case before.

Chen Fan's stock lockup is very firm. Without his words, no one can move the billions of stocks. However, the stocks in the hands of the traders below began to be sold in large quantities at this time.

In fact, the situation of traders selling stocks began to appear after the high opening today, but the number was not large at the beginning, but when the market began to fall steadily, the number of traders who chose to sell stocks began to increase .

Chen Fan is not a stubborn person. Most of the traders chose to exit the market at this time, and there was a clear disagreement with his analysis. Chen Fan has been thinking about why right now?
why?
In Chen Fan's view, the market should be going up in the past few days. After the market rose against the bad news, the strength of the market was fully displayed. Now should be the right time to chase the market up. It has risen sharply in a short period of time, throwing off investors who sold stocks some time ago.

But today's market trend has not met his expectations so far, and his experienced men are also shipping on a large scale. What does this mean?
It is acceptable for individual traders to sell stocks or a few people decide to sell stocks, but now more than [-]% of traders are selling stocks. They should smell some danger in the market, but Chen Van didn't know anything about it.

Chen Fan also expressed his doubts, and Zheng Xiaopang thought about it before he said, "Maybe they were affected by the news just like what you said earlier."

Before he finished speaking, Zheng Xiaopang shook his head, "No, this reason doesn't make sense. They knew the news before, and they didn't see them reducing their positions in large quantities at that time."

Chen Fan just nodded slightly with a straight face at the moment.

"The market has been going up all the time, especially after the bad news is still going up, are they worried that the market is now at the end of their blows?" Zheng Xiaopang said suddenly.

Seeing that Chen Fan seemed to be looking over with a little interest, Zheng Xiaopang continued to speak with vigor: "Look, the main force in the market originally planned to increase significantly, and the airs were also put on display, but suddenly there was bad news. Not to mention who made the news, but the market is still rising strongly, and it just continued to rise after intraday adjustments, but there is a limit to such a reluctant rise.

I think today's unexpected gap and high opening gave them an ominous premonition. They felt that the main force of the market might be at the end of their rope, so they planned to use the high opening method to continue to attract popularity. You can see that the trading volume at the opening was also very large, but obviously The main force of the market failed, and the market was suppressed by huge selling orders after a brief surge. "

"But what will they do if the late trading starts again today?" Chen Fan asked with a frown.

"If possible, create a large-scale increase, and I'm afraid the funds will not be recovered in a panic." Zheng Xiaopang blinked and said uncertainly, "Maybe some people will chase the increase, but some people may leave the market temporarily , It’s hard to say, the premise is that the main force of the market has the power to continue to push the market higher.”

"Of course they have the power to push up. What's the point of them doing this?" Chen Fan quickly deduced in his mind, intentionally delivering bad news to scare some people away, but the intraday push was still strong, making them think that they were out of pocket and at the same time the intraday funds I will also be excited, thinking that my analysis is in place, and the market is right, and the market is what I first thought may accelerate to the top. Today, the reason for the high opening and the downward killing is because the last batch of investors in the market also know the news, so it is different from the trend of the previous few days. Similarly, continue to wash out the chips of these people, and then more people will be washed out, and then they will find their mistakes and chase the rise.
Chen Fan's brain hurts thinking about it, but he always feels that something is missing. It seems that there are signs of it, but if there seems to be nothing, he just can't catch it.

Patting himself on the head, Chen Fan asked Zheng Xiaopang: "If the market turned up after you were washed out, and the graphics were restored, what would you do?"

"Of course I will chase it back immediately." Zheng Xiaopang said without thinking, "Of course it is bullish if the graph is repaired. If you are bullish, don't you buy up? Are you buying down?"

"What if it doesn't go up after buying it?" Chen Fan said casually.

"No rise? If it doesn't rise, if the graph is not broken, then hold it for now. If the graph is broken, you should consider leaving." Zheng Xiaopang hesitated for a while and said, without much thought, it's such a simple thing, you don't need to think so much.

"Catch it back, consider getting out of the way, hold it if it continues to rise, and get out of it immediately if it falls, right?" Chen Fan suddenly asked a little excitedly.

"If you don't fall, save it for the New Year." Zheng Xiaopang looked at Chen Fan suspiciously, wondering what this kid was thinking, and he could answer such a simple question, so he was so ashamed For company.

"Kuang Jichun, if the market rises soon, you should slow down the speed of opening positions, try to open as few positions as possible, and don't grab orders."

As soon as Zheng Xiaopang finished speaking, Chen Fan picked up the microphone and started talking with the futures team.

After giving out the latest order, Chen Fan heaved a sigh of relief and looked at Zheng Xiaopang with a smile, sweeping away his previous seriousness.

"What did you find out? The market is going to fall?" Zheng Xiaopang wasn't sure what Chen Fan was thinking of, but judging from the order that was sent out just now, it seemed that the short-term market was in trouble.

"This week the market looks worse than I thought." Chen Fan said with a smile, "At first I thought it might take two or three days to rise before adjusting for a washout. This trend will continue next week. Now it seems that there may be some changes."

"How to say?" Zheng Xiaopang applauded very appropriately.

"Last week, I used the news to wash it, but in the end the market all went up. The same routine as today, after washing it and then going back up, most of the funds that just came out of the market were recovered. Maybe not so much, but some recovered.

After that, adjustments may begin. The funds that have been laundered once in the past two days may be laundered a second time. What happens to market adjustments? "

"Most of them may not be able to bear it, and have to run away." Zheng Xiaopang nodded and said, this is not complicated, the mentality was actually a little bit broken when he was caught in the routine before, and the mentality will continue to collapse when he is messed up by the market again.

"This is the idea of ​​the main force in the market. Wash it twice to completely wash away the floating chips." Chen Fan said firmly, and then sighed, "Look, if this week really goes like this, the market may fall, but this The micromanagement is really exquisite, repeated beatings, and the mentality of destroying the current funds in the field."

"Now the funds in the arena belong to their side. What's the benefit to the main force if they get rid of them?" Zheng Xiaopang didn't believe it, and felt that Chen Fan took it for granted.

"Of course it's to prepare for the next burst." Chen Fan said to Zheng Xiaopang with a smile, "Do you remember the trend last Wednesday, a 3-point increase."

"What should we do? Come out with an empty position and prepare to take advantage of the opportunity to increase the position?" Zheng Xiaopang stayed quiet for a little longer this time, and he is probably a little uncertain, but since Chen Fan said, the possibility must be more than [-]%. So just give up questioning and ask what to do.

"Let's not move on stocks. Slow down on the futures side a little bit, and open a large number of positions when the market adjusts. At that time, some institutions may choose to conduct short-selling tests. It is estimated that they can build positions quickly." However, Chen Fan is not very happy. To determine whether these funds will be transferred to the short camp after being laundered, this can only depend on the situation at that time.

"Let's just watch the market. I think we can see if it's the case by Thursday. Hey, the support of 2350 points is so strong." Chen Fan said suddenly.

The Nasdaq Composite showed a sideways trend after falling to around 2350 points several times in a row. The trading volume showed a trend of falling prices and decreasing volumes. Although there were heavy volumes during the session, they were still within the normal range. When encountering a few small positions, the trading volume must be enlarged.

But in the face of such pressure, the Nasdaq has remained above 2350 points without falling below here, but the number of buy orders below and the number of sell orders above really cannot be compared.

Although the comparison of buying and selling orders cannot directly affect the rise and fall of the market, it can show market sentiment. Selling orders far exceed buying orders. Obviously, the market has a relatively strong bearish atmosphere. Although the Nasdaq is actually still up by a few points, the market is now There has been a situation of selling more and buying less. Under such an atmosphere, these points are just wiped out by the air force in one wave, which is meaningless at all.

But the market has been consolidating here for more than half an hour, but it can't break through. It seems that the bottoming work has been completed. The only difference from the previous few days is that the buying orders below have not been released.

"Maybe this is a sub-low point, maybe the market still has a dip." Chen Fan said slowly, "Probably maybe maybe. Just wait for the gap to be filled before starting to pull up."

On the one hand, he was deeply impressed by Zheng Xiaopang, "I judged this way from the beginning, and the price will start to rise after filling the gap." Zheng Xiaopang said a little complacently.

After going sideways for a while, Chen Fan ran to the toilet because he drank too much tea, and the Nasdaq finally came out of the sideways trend.

After some popular stocks were concentrated and suppressed for a round, the Nasdaq finally couldn't resist the selling after a slight increase in volume around 2350 points. The Nasdaq began to decline slowly. It seemed that the bottom of the long-term consolidation was smashed. The decline is about to unfold.

(End of this chapter)