legendary trader

Chapter 506 Chapter 507

The Nasdaq failed to bottom out at 2520.

There is no obvious sign that the funds in the market are protecting the market here, and there is no sign of enlarged trading volume in the market. In silence, the intraday low of 2519 points of the Nasdaq fell.

For new lows, Chen Fan and the others are already prepared. According to Chen Fan, at the 2500-point integer mark, regardless of whether the long funds in the market are supporting the market, Qualcomm stock will start to change upwards, and will not continue to pull back. Pull up and rush to new highs.

So after the Nasdaq fell below the bottom of 2520 points, He Li began to arrange the subsequent operations in a low voice. Three traders were in charge of buying, and he placed selling orders at the top.

It is reasonable to say that the current point is not the selling price, but He Li thinks that some key prices still need to be supported by trading volume.

Of course it would be best if other shareholders sell. If not, then in order to stimulate these people to sell, a certain amount of trading volume is needed to let them know that there are still many people in the market who are bearish on the follow-up trend of Qualcomm stock.

The Nasdaq was looking for a bottom position amid repeated declines, but Qualcomm's selling orders did not increase much, and the stock price could still hold steady here, but this was not what Chen Fan wanted.

"Is there a lot of buying orders below?" Chen Fan suddenly asked He Li. He didn't bother to calculate how many of the following buying orders were placed on his side, so he asked directly.

"The buy orders at the following prices are only a few thousand shares, most of which are our orders." He Li replied that it was his responsibility to pay attention to changes in the market, so he said without thinking after Chen Fan asked.

"So weak?" Chen Fan asked in surprise. He didn't expect that most of the orders were placed by himself, and he thought that only about half of them were.

"Someone canceled the order." He Li replied.

"Building the bottom here, will someone withdraw the bill?" Zheng Xiaopang interjected and asked.

"Nonsense, people have said it all, and they still pretend not to understand." Chen Fan glanced at Zheng Xiaopang and muttered in a low voice.

"I can't believe it. It's so fucking bragging. The bottom is out and I don't dare to buy it. If it were me, I would buy it if I sell it." Zheng Xiaopang didn't care at all, and said brazenly.

"That's because you know I'm going to drive up the stock price." Chen Fan whispered back.

"Suppress it, the market is about to break through 2510 points, let's also show our respect to the market." Chen Fan turned to He Li after beating Zheng Xiaopang.

However, before He Li made a move to suppress the stock price, Chen Fan suddenly added: "11, the limit, I guess the Nasdaq will reach around 6 when it hits there. .”

He Li didn't make a move right away, but began to think about how to make this pit so good that it has to trick people into it, that is to let people throw out their stocks at a low position, but now it's time to get there. 1 dime, the price difference is so small, how to operate it is difficult.

After thinking for a while, He Li whispered a few words to his colleagues next to him, and the active buying orders on Qualcomm's market began to increase, and the stock price also started to go up as the buying orders continued to sweep up, and gradually rose to 11.75 yuan. The buy orders piled up below also increased significantly, showing that the main force of the market seems to have become impatient with the market trend and wants to restart Qualcomm stock.

Chen Fan was quietly watching He Li and his team's operations. He just had to wait for the results and the market's rating of He Li's operations. It should be considered.

Although pretending to wait and see what happens, in fact Chen Fan is also judging in his mind, constantly modifying his operation thinking according to the performance in the market, he thinks that the method is different from He Li's operation, he can only follow the current market It is possible to deduce whether his idea is feasible through changes, but it is certainly not true. After all, it has not really appeared in the market, and everything is just a hypothesis.

Chen Fan thinks that such a simulation may improve his trading skills, at least he thinks it is beneficial, and it can also improve his observation level of the market.

You can also learn other people's operations through observation, which can serve multiple purposes.

After the impact of a large round of buying orders on the Qualcomm market, the trend line obviously began to rise. Because there were not many pending orders above, the trading volume was only slightly enlarged. This occurred when He Li urgently placed several selling orders .

But soon, another trader also started typing on the keyboard, and one after another big selling orders entered the market, aiming at the buying orders that were placed in the market.

At this time, investors who have been paying attention to Qualcomm's market must have discovered that the market has changed obviously, and there is an obvious competition for long and short funds in the field, and the two sides launched a fierce fight above 11.7 yuan.

Qualcomm's stock price began to fluctuate violently around 11.7 yuan, and the Nasdaq index also went smoothly, falling below 2510 points without any resistance, and continued to look for bottom support.

The volume column below Qualcomm rose rapidly, showing the intensity of the fierce long-short battle. A large number of buy and sell orders collided in the intraday, and the stock price rushed to 11.78 yuan for a while, and then fell to 11.70 yuan for a while. The transaction details are more detailed. It is a fast explosive volume. The number of shares displayed in each transaction is more than [-] shares, and there are even large orders of more than [-] shares.

The violent turmoil attracted the attention of many investors. Although Chen Fan didn't know how many people were paying attention to Qualcomm's trend at the moment, he could guess that there should be quite a few of them.

Chen Fan probably knew what He Li was going to do, it was just to create the illusion that the bulls were retreating, but he didn't know if this trick would work.

Although it was different from what Chen Fan wanted to do, Chen Fan didn't say anything, but waited for changes in the market. He needed to see an increase in selling orders in the market to show that He Li had succeeded.

The long-short battle did not take long. It lasted less than a minute, and the rapidly rising trading volume column began to stand still. After pushing up Qualcomm’s stock price several times in succession, the market bulls obviously began to retreat. A large number of active buying orders disappeared, and a large number of buying orders were placed from 1 yuan to 11.72 yuan.

Chen Fan nodded slightly, and operated in a series of operations. First, he pretended that the bulls in the market had failed, but it was not enough to retreat directly. He also had to express that the bulls still wanted to save, so he placed an order below to block the downside.

You don’t need to think too much later, you know that the short sellers should be unrelenting and continue to suppress the market. After the big sell orders knocked out these buying orders, Qualcomm’s stock price continued to decline, falling to 11.6 yuan.

Of course, it may not fall there, because Chen Fan said his judgment on the Nasdaq, so if the decline of the Nasdaq accelerates, the stock price of Qualcomm will fall to around the 2500 mark first before Qualcomm's stock price falls to the target level, or it will not touch it. On the premise that it will rebound in advance when it reaches the integer mark.

(End of this chapter)