legendary trader

Chapter 624 Chapter 625 Market Fund Movements
The Nasdaq barely stopped falling around 2840 points, but there is still half an hour before the market closes. Judging from the current graph, the end of the session seems to be very difficult.

"Sell down ahead of time." Chen Fan had already regained his spirits at this time. He didn't expect that the main players in the market would play diving tricks at the end of the day. He just took advantage of this opportunity to smash the market, and the effect might be better.

"Okay." He Li agreed, and immediately began to place orders with his colleagues to suppress Qualcomm's stock price.

"Fortunately, you are not operating Oracle. Look at the bankers who are still protecting the market."

Zheng Xiaopang next to him glanced at the busy people and said in a low voice.

Chen Fan immediately glanced at the graph of the Oracle software that was protecting the market. There was indeed a lot of buying orders added to the buying price below. It seemed that he wanted to resist the market's downward trend, but Chen Fan was not too concerned. The market has now reached the point where it needs to adjust by diving. Maybe it is a coincidence. After all, the force that seems to cause the market to fall today is not caused by the Nasdaq market, but more like the Dow Jones that started to fall first.

Recently, the trend of the Nasdaq has been rising steadily, which has also led to the rise of the other two major indexes of rice stocks.

Chen Fan knew in his heart that it can also be analyzed through the market trading volume. Most of the funds entering the market now rushed into the Nasdaq market, and the new funds absorbed by the Dow Jones and S&P are actually very limited.

Under such a background, the two major indexes are unable to follow the Nasdaq to continue to rise, but I did not expect that it was not the Nasdaq that started to adjust first, but the Dow and the S & P index could not stand it first.

The Nasdaq began to fluctuate sideways near yesterday's closing point, and there was no intention of rebounding upwards at all, because the Dow once again began to take the lead in falling, and the S&P soon couldn't resist and began to fall.

"When the sea is flowing, the true qualities of a hero are revealed." At this time, Zheng Xiaopang's spirit improved a lot, perhaps because he saw that most stocks in the market began to fall, and the share price of Oracle Software was able to withstand it, and it was still at 11.13 meters until now. Yuan near resistance.

Chen Fan was secretly happy, but he didn't say anything. He just quietly watched Qualcomm's share price begin to decline. The stock price has fallen below 21.2 yuan, and is approaching the price of 21 yuan.

Seeing that there is not much time left, it may be like this in the late trading, a slight drop or a slight increase is still acceptable.

However, the market trend did not go according to Chen Fan's guess. As the Dow and the S&P continued to fall, the Nasdaq finally couldn't bear it anymore. Some stocks started to fall again, and soon the Nasdaq also Pulled down.

As the index fell below yesterday's closing point, a short-selling atmosphere quickly formed in the market. In a very short period of time, the market seemed to have completely reversed suddenly, and a large number of selling orders began to appear on the market. Even the falling stocks began to decline at an accelerated rate.

"What are you going to do today?" At this time, Chen Fan was also a little uneasy. He immediately looked at the Nasdaq chart with his forehead on his forehead, and then he breathed a sigh of relief. It's no big deal. There is still a high point behind the index. Today is just scary.

Black Wednesday?does not exist.

But Chen Fan felt relieved, but most investors in the market were not calm at the moment.

As the two major markets both fell, the Nasdaq, which has gained a lot recently, is of course also seen as bearish. As more and more investors began to vote with their feet and began to sell stocks, the Nasdaq quickly approached the 2800-point integer mark. Today we will kill the posture of the end of the game.

At this time, Chen Fan began to pay attention, staring at Qualcomm, which had already fallen below 21 meters, and hurriedly said to He Li: "Hold on, just report sideways here, don't continue to kill."

"We're going with the trend now, and it's the same when we pull up and close after the market closes. Anyway, we close at below 21 yuan."

He Li hurriedly said to Chen Fan that this time he did not directly agree as usual.

"Continue to kill. I'm afraid the market will blow up, so it will stop falling now." Chen Fan shook his head and rejected He Li's proposal, insisting that he resist sideways here.

After finishing speaking, Chen Fan stopped paying attention to Qualcomm's stock price for the time being. He glanced at Oracle Software. The current trend of this stock is relatively stable, and there is no rapid decline. Although it is looking for support downwards, the stock price is still at the dealer. In my hand, the current price is around 11.1 yuan, it seems that today I am determined to protect the price.

Seven or eight minutes before the market closed, the Nasdaq finally completed its low-level tour at 8 without any risk. There was a situation where big buying orders sealed the downside. Although the Dow and the S&P index were still in an endless trend, the Nasdaq did take the lead in rebounding under the support of buying.

However, in such a chaotic market, although the bulls in the market are working together to push the market up, the effect is obviously not obvious. Although the index has stopped falling, there is still a lack of momentum for a further rebound, and the entire rebound and recovery trend appears to be weak.

In the end, the Nasdaq closed at 2808.74 points, down 29 points, or 1.01%.

Qualcomm's stock price barely stabilized in the final stage, closing at 20.98 yuan, up 0.25 yuan or 1.21% throughout the day, with a transaction value of 3550 million yuan, but due to the low opening price today, there is a gap left on the daily line. 35-point Yangxian entity and a long upper shadow.

Oracle Software closed at 11.08 yuan, an increase of 0.13 yuan, or 1.19%, with a turnover of 7102 million yuan. From the perspective of trading volume, Oracle Software still has the ability to continue to attack, although the increase has narrowed sharply today.

Most of the rest of the stocks fell, and Chen Fan had no interest in resuming the market.

Chen Fan is a little terrified of the seemingly inconspicuous issue of being suddenly sacked by the Dow and S&P in today's bullish market. big.

He is not worried that the market will collapse because of this, but reflects that the current capital movement in the rice stock market is in big trouble. Now a large amount of off-market funds are flowing into the Nasdaq market, and there may even be funds being transferred from the Dow Jones and S&P. The Pu side is flowing to the Nasdaq, and both inside and outside are in a state of blood loss, which led to today's late trading trend.

Today is the correction of some stocks in the Nasdaq, which immediately caused some stocks in the Dow and S&P to be sold. What are those stocks doing when they sell their stocks?
If they are all planning to buy stocks from the Nasdaq on dips, then the consequences...
If the situation in the market continues to develop, a trend like the one at the end of today should still be unavoidable, but I don't know whether this market performance is good or bad.

(End of this chapter)