legendary trader

Chapter 625

After the opening of the rice stock market on Thursday, it followed the downward trend of the previous trading day and began to quickly bottom out. Although there were signs of stabilization at the end of yesterday, the inability of the market to rebound still reflects the weakness of the bulls in the market at this stage.

However, when the Nasdaq fell to around 2783 points and entered the bottom shock, the Dow and the S&P index also ushered in a short-term bottoming trend after a rapid decline at the opening. The index stocks on the Daqo market also pushed up the recently popular stocks that have performed well, and finally let the Nasdaq take the lead in starting the rebound trend.

In the end, thanks to the efforts of the bulls on the floor, the Nasdaq closed at 2 points, up 852.02 points, or 44,%.

Oracle Software may have taken too many chips to protect the market in the previous trading day. After the Nasdaq rebounded on Thursday, the trend was flat. It fluctuated within a narrow range around the closing price of the previous trading day throughout the day. Such a weak The movement continues until the market closes.

The last share price of Oracle Software closed at 11.02 yuan, down 0.06 yuan. The market turnover was 5135 million yuan, and the trading volume shrank by nearly [-]% again.

However, the trend of Qualcomm’s stock price was almost contrary to the trend of the Nasdaq. After the opening of the market, Qualcomm launched a wave of rapid rise when the index fell. It began to rebound, and wave after wave of upward offensives did not affect Qualcomm's disk.

The two long upper shadow lines yesterday and today have expressed a certain meaning to the market, and it depends on how they understand it.

In the end, against the backdrop of a sharp market rebound, Qualcomm’s stock price fell by 1%, closing at 20.77 million yuan, with a turnover of 3447 million yuan, which was basically the same as the previous trading day.

The next day is Friday night, and today is the last trading day of the week.

Because September 9 is the first Monday in September, the market is closed for Labor Day in the United States to show respect for workers.

Affected by this, there are only four trading days this week. When Chen Fan calculated the time, he missed this matter, but the problem is not big, it is just a slight delay of one day, and the adjustment that should have been completed this week was postponed. Ends next Monday.

Today's Nasdaq's opening point immediately surprised Chen Fan. It opened 2880.73 points higher at 28 points. Most of the stocks in the market were red at this time. Obviously, yesterday's sharp market rebound gave the bulls a shot in the arm.

It’s ironic to say that in the morning market yesterday, the bulls tried their best to push up the stock price to stabilize the market, and the subsequent trend was also very difficult. At that time, the market seemed to be still worried that the Nasdaq would fall below 2800 points and enter a state of adjustment again.

Even in the second half, the Nasdaq continued to climb upwards, but the market sentiment was still not strong. It did not start to recover quickly until the Nasdaq broke through the 1 percentage point increase.

Overnight, the Nasdaq directly chose to open sharply higher today, jumping almost directly by 1 point.

Today, Chen Fan didn't let He Li and the others gap Qualcomm's opening price. He asked Shi Xiang to see what the market's popularity for Qualcomm was like. He didn't expect to encounter such a situation. Qualcomm directly opened at 21.03 yuan, 0.26 higher. Mi yuan, while Oracle software rose similarly, with an opening price of 11.12 yuan, an increase of 0.1 yuan.

"It's very popular today, do we need to revise our deal?"

He Li suddenly asked Chen Fan when he was still a few minutes away from the set time.

Looking at the opening of the market today, it seems that the popularity is very strong today. If we continue to suppress the stock price according to the previous plan, it may greatly dampen the market sentiment.

"I don't care about him, just suppress the opening price today, as long as the closing price is well controlled, I will send you the trading ideas for next week the day after tomorrow, and you can make plans again, don't worry about it so much now."

Chen Fan was not affected by the sudden gathering of popularity in the market. In fact, what He Li didn't know was that Chen Fan was really a little frightened at this time, because now the brightness of the Nasdaq has almost disappeared, and he can't detect any light. It seems to be a little bit, but Chen Fan knows that maybe it really exists, maybe it's just his own illusion.

The Nasdaq is coming to an end in the short term.

This is Chen Fan's current judgment. What he is considering now is whether to resume the upward trend as planned next week.

If the market really peaked, and the market will be in a downward trend for the next month, then I want to push up Qualcomm's stock price this month. Facing such a market, how can I play?
At the beginning, I planned to trade sideways here, and it was a way of rapid ups and downs to oscillate repeatedly, but if the market really did not cooperate and the trend continued to fall, then my idea of ​​​​wanting sideways trading would be discounted, so I had no choice but to The center of gravity can be lowered a little, and strong shocks can be turned into weak ones.

However, unexpectedly, after the rice stock market opened, the Nasdaq did not show a market that continued to rise after opening sharply higher, but a trend of rapid correction and closing of the gap.

The Nasdaq fell below 2870 points and 2860 points in a short period of time. If it weren't for the factors of opening higher, this opening is almost the same as yesterday's opening and falling, and the trend is exactly the same.

Afterwards, the market bottomed out around 2855 and started to rebound, just like yesterday.

The downward trend at the opening caused most of the stocks in the market to instantly lose their direction, and some stocks that had risen rapidly at the opening immediately turned around and quickly turned red.

However, there are also stocks like Oracle Software. Although they followed the index for a correction at the opening, they quickly stabilized the market and began to counterattack.

"Today, Oracle seems to be starting to attack again."

Zheng Xiaopang looked at the computer screen and said to Chen Fan, the current trend of Oracle really echoes the old saying in the market, "If it falls, it will rise back."

After the trend line fell rapidly, it did not stay at the bottom. An upward pull line at the same angle directly completed a beautiful little trap, until it rushed to the opening price and turned flat to start adjustment.

However, even if it is an adjustment, it is a strong adjustment. The low point of the stock price is constantly being raised amidst the shocks, which shows that the market maker of this stock is very sophisticated in controlling the stock price.

But at this moment, Chen Fan's attention was still on the index, and he didn't pay attention to stocks such as Qualcomm or Oracle.

Of course, Oracle's stock price would not go up just because Chen Fan didn't look at it. Driven by buying orders, the stock price consolidated around the opening price and then started a round after round of upward trend.

The stock price of Qualcomm, under the pressure of He Li and other traders, started to pull back wave after wave, and the stock price continued to decline, moving closer to yesterday's closing price.
(End of this chapter)