legendary trader

Chapter 363

After the Nasdaq index went up twice, it was hovering around the high point of 2380, which was the previous heavy volume. Even Chen Fan thought that the Nasdaq index might be like this today. After all, it released a huge amount here last time. After the market wash, after the funds that entered the market were locked up for a short period of time, when the market returned here, some funds must choose to unwind and leave the market. The market should be under certain pressure and cannot continue to attack. Buying raided the market again, and the Nasdaq showed a strong uptrend, and the upward trend continued until the close, and finally closed a small positive line that was almost bald and shadowed.

The Nasdaq closed at 2408.17 points, an intraday high of 2408.43 points, up 60 points, or 2.55%, which can be said to be strong.

Seeing such a trend, Chen Fan and Zheng Xiaopang felt relieved. There was no suspense about the start of the rice stock market. At this time, they didn't have any worries about the stock index futures, so they got up and went back to sleep.

Although the trend of stock index futures is a little different from that of the stock market most of the time, there will be no deviation in the operating trend, unless it is so strong that it can ignore the market trend and rely on money to pile up opponents, but this operation is undoubtedly It is to fight against the immeasurably huge hot money in the financial market. It is possible to do so unless the capital is strong enough to exceed at least double the hot money in the market. But if you really want such a powerful force, just manipulate the market directly. There is no need to fight hot money. Confrontation, mutual pecking.

Chen Fan and the others went back to rest, and many people in Shencheng Jinxin Building were overjoyed at this time.

In the external trading room, more than half of the traders have returned to the rice stock market, and some have bought popular stocks in the Nasdaq market, but more traders still choose to buy index futures, buying range Not only the Nasdaq market, but also the stocks traded on the York City Exchange, as long as they enter the Dow Jones Index and the S&P Index, they are also within their buying range.

The thin man is also beaming at the moment and is talking about his analysis of the future development of the rice stock market, but because he is the driving force behind the multi-meter stock market this time, most of his colleagues are still very face-saving, and they all pretend to listen carefully.

".The Nasdaq closed directly at the highest price of the day and hit a new closing high. It all shows that the market has completed the cleaning work. It must be a big market. According to the trend of previous years, half of the first half of the year will reach the high point of the whole year. Nearby, in the second half of the year, it will pick up and rise to near the high point after adjustment, and prepare for the opening market of the second year.”

The conversation over there was cheerful, while the man with glasses sneered in his heart, pretending not to care, and continued to watch the trend of Nasdaq futures. At the same time, he glanced at the actual market price changes from time to time, looking for possible trading opportunities.

Although I don't know where the rice stocks will go in the end, but now it is true that the rice stocks still have a strong upward momentum. It is definitely inappropriate to make other remarks at this time, not to mention that I have already been long with all positions. Although I hate that person, But it is not right now to sing a different tune, at least not for the time being.

Upstairs above them, the cheerful atmosphere was not so strong, although all the traders in the core trading room looked at the futures market trend with a relaxed expression at this time, and discussed their views with each other from time to time.

After the sudden increase in positions two days ago, the market directly exploded today. Everyone was not as excited as the traders downstairs who bet on the right treasure. Everything seemed to be a natural thing. It is due to the outstanding performance of the company. It is really exhausting to find and seize such investment opportunities. There are too many such situations, and everyone is familiar with it. You must know that there will never be a lack of trading opportunities in the financial market. The only difference is the ability to spot and the guts to bet.

The sharp rise of the Nasdaq for two consecutive days can be regarded as a severe blow to the bear market rhetoric that has been hyped up by the media recently.

In fact, after the trading ended yesterday, many experts and stock analysts who had vowed to be bearish on the rice stock market on TV and newspapers dealt a severe blow. The increase and the rise of stock markets in other countries are made into a chart so that the public can clearly see the strength of rice stocks, and increase their support for the remarks that the rice stock market has reached its peak due to the huge gains. Under the circumstances, they began to be cautious in their words and deeds.

Today, rice stocks, especially the Nasdaq index, continued to soar sharply, and the closing price ended at a record high. The theory has reached its peak, but it is recommended to continue to wait and see. After all, I used the data to speak before and talked about the huge increase in rice stocks. Now it is a bit embarrassing to reverse the remarks immediately.

The general public was stunned by the sudden changes. Two days ago, the newspapers said that rice stocks were going to turn from bulls to bears, but today it was reported that rice stocks rose continuously and hit new highs. The change in position is astonishing, and many serious readers even found newspapers from the previous few days for comparison.

The change in public opinion has no effect on Chen Fan and the others, or it has no effect on most of the market participants. They are still trading according to their own ideas.

However, the rising trend of the Nasdaq Index in the past two days has undoubtedly had a great impact on the mentality of investors. Many bearish investors have begun to waver, and some sensitive ones have already begun to tentatively build positions on Monday. I plan to open a long position on Tuesday, and the enthusiasm of investors has risen again with the stock market trend in the past two days.

At almost 9:[-] on Tuesday night, Chen Fan and Zheng Xiaopang walked out of the tea room to the trading room one after the other. Xu Jing left in the morning, but someone told Chen Fan and the others. Still sleeping soundly in bed.

Walking into the trading room, the trend chart of the stock index futures is displayed on the computer screen at this time. The main contracts of the three major indexes are showing an upward trend. Obviously, many investors have entered the index futures market before the stock market opens to open long positions. up.

Chen Fan turned his attention to the futures team. At this time, the Nasdaq futures March contract had risen by more than 3 points, which exceeded the target point given by Chen Fan. Therefore, the futures team did not continue to increase positions and chose to suspend trade.

Chen Fan is very satisfied with this. Now the market is only more than a hundred points away from the point he saw. Although the futures market is not sure what the point is at the end of March, it is safer. If you don’t see a higher point It's okay to be a little conservative.

Soon the Nasdaq showed that today's opening point was 2451.43 points, and it opened 43 points higher. The higher opening range was still very large, an increase of nearly 2 points, and the trading volume was also very large.

At this time, Chen Fan couldn't tell whether the buying came from the main force of the market or the funds in the market. After all, according to the news obtained today, the mentality of market investors has obviously begun to increase. If it is not possible, it is the funds that were shaken out a few days ago. Started to cover positions frantically.

Because he knew the possible high point of the market in the future, Chen Fan looked at the market's gap opening very calmly at this moment, without deliberately analyzing the reasons.

Soon the rice stocks officially entered the trading session. After the opening of the market, the Nasdaq ushered in a wave of violent upward attacks. The new intraday highs were continuously refreshed under the push of long buying orders. More than half an hour later, the Nasdaq reached 2474.38 points in heavy volume. At this time, the overall increase of the Nasdaq market has been close to 3 percentage points, and the market has a strong bullish atmosphere.

Chen Fan paid more attention to the movements of his two trading teams. They hardly operated today, and they seemed to be planning to wait and see. The traders who needed to cover their positions had already traded in the past two days, and now there are no more There are people with short positions, but most of them are still half positions, and only a few traders adopt the method of doing long positions with full positions.

After Chen Fan delegated power, he just watched their transactions and never intervened in their operations, and he meant to use their operations to predict the market.

So far, Chen Fan is very surprised that these people are still very good at reading and analyzing the market. Most of the traders with light positions come from his extraordinary investment. Obviously, there is no such thing as the traders of Oak Tree and Tianqin. Full of confidence.

Chen Fan could only sigh softly in his heart. After all, they are still young, and it's normal to be timid. He just doesn't know whether the current disk analysis is made by themselves or the analysis results obtained after communicating with the traders of the other two companies. After all, after this cooperation is completed, everyone will go back to their respective homes and find their mothers.

Chen Fan was thinking wildly at this moment, the Nasdaq began to slowly pull back after breaking out of the high point. After all, it needs to pull back and consolidate after a rise of more than 20 points in one breath, and it is impossible to finish the rise in one go.

"You said that the increase in the previous two days and one day was completed in less than an hour. Is the market a little over-inflated? I think the technical indicators are all very high at the moment, and it is time to correct it."

Zheng Xiaopang next to him said suddenly.

"It has risen by more than 5 points in two days. This increase is a bit big. There should be a lot of short-term profit taking. The market may have to pull back, but it's normal. I'm not worried about anything." Chen Fan recovered and was happy Hehe laughed.

"It's not that I'm worried, I just feel that today I'm afraid I'll have to adjust, maybe the high point will be about the same." Zheng Xiaopang said shaking his head.

"Sense of pan?" Chen Fan said jokingly.

"Pan your sister." Zheng Xiaopang said unhappily, he knew that Chen Fan was teasing him again.

I don’t know whether it was Zheng Xiaopang’s crow’s mouth or his mouth was really opened. In the next hour, although the Nasdaq remained at 2460 points and oscillated, there were two attempts to restart the upward trend during the day, but it rose to near the previous high point. They all returned in vain.

Looking at the situation, Chen Fan also became serious, and began to recall the point of the light he saw at the beginning. He is now worried that he overestimated the increase given by the brightness at that time. Now he has touched around 2474 points. The 2500 points of the current one are not far away, only 1 point difference, don't make a mistake by yourself.

Because the brightness of the market he sees has been weakening all the time, corresponding to the current time, the operating point of the Nasdaq market in the entire half of February will not exceed the position he calculated at that time, so.
Chen Fan was lost in thought, while other investors in the market were enthusiastic. Those with heavy positions were not bad, but those with light positions couldn't resist rushing into the market to grab funds.

However, the high enthusiasm also needs the index to continue to climb to maintain. After a long time, the Nasdaq can only fluctuate around 2460 and fail to rise. sustainability of the trend.

However, the following trend has rapidly increased the number of people who hold such views. After consolidating for nearly two hours near 2360, the Nasdaq finally showed a lack of buying. The Nasdaq began to slide downwards, and soon fell below the opening point. Started the journey to fill the gap.

"To die, to die."

Zheng Xiaopang's optimism also declined rapidly at this time. At first he thought that the gap in today's strong performance of the market might be retained. If it can be retained, the technical conditions for breaking through the gap are fully met. If the gap is retained, it will obviously help the market rise. The push effect is huge.

But now that the Nasdaq is down and the gap is not guaranteed, it is clear that the market's upward breakthrough will not be established. At least in the short term, the market may fall into an adjustment, and an adjustment will be made to the sharp rise in the previous two days.

But seeing that Chen Fan was still so calm, Zheng Xiaopang didn't continue to bluff. After all, Chen Fan could hold back, so he thought the problem wouldn't be too big, it was just washing the dishes.

In the rest of the time, the Nasdaq rebounded after falling, and then continued to fall after the rebound. At 2414.81 points, it was only 2415.49 points higher than the previous trading day, an increase of 7 percentage points.

The trading volume showed a gradual decline trend. With the pullback of the Nasdaq, the trading volume in the market also shrank and did not increase. At least it shows that although the index has rebounded, the confidence in holding shares in the market is still relatively strong. A case of panic selling.

The Nasdaq has risen for three consecutive days. Although a negative line appeared on the K-line chart on the last day, the upward gap has not been fully filled. It is still very imaginative, at least the market still has a chance.

Therefore, the market price of the next day will be an irritable day for investors who entered the market and opened positions the day before.

Although they still retain the confidence that the market will continue to rise after adjustment, it is difficult to guarantee that they will not carry out deeper thinking.

In many cases, the investment behavior in the financial market is really similar to rolling dice. It’s just a big bet. The so-called analysis is useless at critical moments, because there will be strong interest groups exerting influence there to make the market move in a direction that is beneficial to you. Changes, rather than relying entirely on rational analysis, otherwise the market will not be able to squeeze wool.
(End of this chapter)