legendary trader

Chapter 778 779 falls below 4 points
On Tuesday, the rice stock market opened, and the opening prices of individual stocks were refreshed one after another.

Qualcomm opened at 70.94 yuan, an increase of 0.56 yuan; Oracle Software opened at 39.06 yuan, an increase of 0.62 yuan, still opening higher; Miruan opened at 45.78 yuan, a slight increase of 0.34 yuan, still opening higher.
Seeing each stock open higher, Chen Fan's heart skipped a beat. Is the market going to rebound?
Sure enough, when the Nasdaq index showed today's opening point, Chen Fan was not surprised.

At 4283.45 points, the Nasdaq opened higher by 60 points.

"Fuck, the market is about to rebound."

After Zheng Xiaopang saw the opening point, he screamed out. Obviously, he was very disappointed that he didn't enter the market to buy the bottom yesterday. After all, he seemed to be the only one in the room with such thoughts.

"It's just the opening point. It doesn't mean anything. Wait, the market will open immediately. After the opening, there are still buy orders that continue to enter the market, which means that the market is about to rebound."

At this moment, no one else in the room could say anything, only Chen Fan could say a few words, and Chen Fan also spoke.

"It should be rebounding. It fell so hard yesterday."

Zheng Xiaopang still muttered, as if he felt that he guessed the market trend correctly, but unfortunately it didn't turn into a money-making action, and he was very disappointed in his heart.

However, when the rice stock market opened soon, Zheng Xiaopang was speechless.

After the market opened, the Nasdaq began to decline rapidly, and soon closed the gap, and then it turned red and continued to decline.

"Why did it fall so badly?"

Seeing that in less than 2 minutes, the Nasdaq fell by dozens of points.
"Oulu also fell."

Chen Fan said suddenly at this moment, after coming here, Chen Fan also set the main stock market index of Ou Lu in the column of self-selected stocks, leaving a few stocks that have been polished long ago and deleting all of them.

"The Dow and the S&P are also in this trend, driving higher and lower."

Xiaoye said suddenly from the side.

While speaking, the entire rice stock market fell in volume led by the Nasdaq. Although there were a lot of buy orders below, they could not withstand the crazy sell-off wave. With the decline of the index, the wait-and-see capital seemed to finally understand the market's choice. Started to act, and the selling wave intensified.

Chen Fan didn't look at the market at the moment. The two large screens in front of him were the Nasdaq trend chart and the Qualcomm trend chart.

He directly looked up at the screen above, and clicked on the index charts of several stock markets in Europe. The volatile sideways trend suddenly dropped sharply, obviously following the opening trend of the Nasdaq Index. He should have been affected by rice before. The impact of the overall higher opening of the stock market has pushed it up slightly, but that point of increase has been swallowed up.

Zheng Xiaopang also leaned over at this moment, watching the decline of several markets in Europe, but he didn't say anything. Indeed, he should have nothing to say at this time.

The Nasdaq simply fell below 4200 points. At this moment, the trend is completely diving, and the speed of the decline is still accelerating, like a vertical fall, heading straight to 4100 points.

Zheng Xiaopang is already sitting upright now, but he is completely lying on the computer chair, looking listless.

"I said, can 4100 resist it?"

Suddenly, the listless Zheng Xiaopang asked.

"I don't know. It's a heavy drop at the moment. If it can stop the drop, it's probably about the same."

Chen Fan replied with a frown, and now he also looks back, Oulu is too far away, it has no effect on rice stocks at all, and their trends are better than the Dow and the S & P index.

At this time, Qualcomm's market also had a huge amount of selling orders. When the market opened, Qualcomm's stock price also jumped up for a while, and the stock price rushed to around 71.3 yuan. At this moment, the stock price fell rapidly. The 71-meter yuan has been knocked out, and the board immediately turned red. The speed of the long-short change was so fast that Chen Fan didn't even realize it.

Can't wait to see the deal, Chen Fan asked directly: "How much was stolen?"

After the market opened, He Li and others were typing on the keyboard. Chen Fan knew that he should be making a buy order, which was hanging around 70 yuan. He first made the bottom protection sheet, but at this moment the market The swarm of selling orders was too big to resist at all. Now Qualcomm's stock price has fallen to around 69.6 yuan, and it is still falling, although there are not many transactions.

"More than [-] shares have been taken by someone, and now we are rushing to sell the stock price under the order, this plate is afraid that it will collapse."

He Li quickly said that there was no beginning and no end, but Chen Fan knew that all the protection orders they entered into the market were taken away, and the current selling order is just to fight for those few purchase orders.

If this continues, Chen Fan is a little scared, and the idea of ​​collapse appears in his mind.

Although he knows that the market's rebound height should be around 4400 points, Chen Fan is not sure when this point will appear. It may be in the next few days, or it may be half a month later. God knows what will happen.

With concerns, Chen Fan didn't dare to buy the bottom. Now there is no difference between buying the bottom and looking for a lottery.

4100 points, just a little resistance, was broken through in the huge selling and selling, and the buying orders below were even more sluggish. At this moment, the trading volume began to decrease sharply, but the falling speed of the index did not slow down at all.

Suddenly, Chen Fan heard the sound of Zheng Xiaopang typing on the keyboard next to him, and looked curiously, it was Zheng Xiaopang calling out the calculator that came with the computer system to calculate something.

Chen Fan turned his head to look at his computer screen, and Zheng Xiaopang naturally noticed it, with an ugly smile on his face, "I don't know what point to fuse again."

Chen Fan didn't know what to say for a while, but when Zheng Xiaopang's words reached other people's ears, they couldn't help but look back.

"How many?"

Chen Fan asked with a wry smile.

"3928 o'clock, it's still very early."

Zheng Xiaopang said, "It is estimated that the decline will almost stop at 4 points. If it falls any further, it will really be the end of the bull market and the arrival of a bear market."

"According to the speed, it will be fast."

Chen Fan looked at the Nasdaq falling below 4100 and heading straight for 4000, and said helplessly.

What is really happening in the market now is that there is no amount of empty drop. If there is no amount, how can the market stop the fall? With so many orders being sold, the amount must be increased, or it must be "circuited" again, so that it is possible to prevent the index from continuing to decline.

But judging from the current disk, it is difficult.

It's easy to say, but Chen Fan couldn't relax when he saw that Qualcomm's stock price fell below 69 yuan and quickly approached 68 yuan.

It really fell too fast, less than tens of thousands of shares were traded, and 1 million yuan was gone.

But Chen Fan didn't dare to ask He Li to resist the stock price. Although there were few transactions, looking at the sales orders that quickly piled up on the selling orders above, Chen Fan felt that the main force of the market was selling on a large scale.

As the index approached 4 points, Chen Fan also gradually began to get serious. This kind of empty drop was too scary, and it directly wiped out the market sentiment.

Now there are thousands of stocks in the entire Nasdaq market, and none of the stocks are still in the green market, and all of them are red, which also means that all stocks in the Nasdaq market are falling.

At any rate, there are still many stocks on the York City Stock Exchange that remain in the green market, and the decline there is not bad. Although it was also affected by the Nasdaq, the decline was nearly half.

After the Nasdaq fell to around 4032 points, the trading volume began to increase slightly, but the index continued to decline.

"Someone is buying, shall we stabilize Qualcomm?"

Zheng Xiaopang also stared at the market, and asked suddenly when he saw the changes in the Nasdaq index.

"Don't dare to keep it, if you want to keep it, it's 66 yuan and try again."

Chen Fan shook his head and said, there are too many selling orders now, and once the stock price stabilizes, he will have to accept huge selling orders, only a fool would do this.

Waiting for the market to stabilize before entering the market, not only buying at the bottom, but selling orders will retreat a lot by themselves, and selling now is purely courting death.

This may be the reason for the endless decline in the market. There is no sign of the entire market stopping the decline, and institutions are afraid to sell. Even small and medium-cap stocks, which are extremely easy to control, the market makers are afraid to protect the market. The sluggishness of market sentiment can be seen One spot.

However, as the index gets closer to 4000 points, the market turnover is still gradually increasing, at least it shows that some people have begun to enter the market tentatively, but the purchase orders are very cautious and small.

"Qualcomm broke through 68 yuan, and Oracle also fell through 37 yuan. It's going to die."

Zheng Xiaopang muttered while watching the stock trend.

However, when the words reached Chen Fan's ears, they had another meaning. Is this kid urging me to enter the market to buy the bottom?
In fact, at this time, although the market is still declining, with the increase in trading volume, the downward trend of the index has begun to slow down. .

But the current decline is actually not a bad thing for Chen Fan. You must know that although it seems that Qualcomm’s floating profit has decreased a lot, don’t forget that there were tens of thousands of finger futures contracts before. At this moment, the Nasdaq’s June contract has already fallen ahead of the market. Crossed the 6-point integer mark.

The index's leading fall below 4000 points may also be one of the reasons why the index is now approaching the 4000-point mark but its support is weak.

However, these are not the key points in Chen Fan's eyes. The key point is that the lower the market is, the closer it is to the real bottom area.

Chen Fan knew the high point of the market's rebound, and with this biggest cheat, Chen Fan would not fail no matter what he did, it was just a waste of time.

The decline of the Nasdaq is slowing down, but the index is still rushing to the 4000-point integer mark without hesitation. The resistance of the market is gradually showing at this time. Although it is only about [-] points away, the decline speed of the Nasdaq is indeed slowing down rapidly.

The biggest problem facing Chen Fan now is whether 4000 points can be tentatively bought.

The current market sentiment is sluggish. Even if the bottom is found, Chen Fan will think that it will stay at a low level for a while, unless there is a huge amount of new funds entering the market. Although it cannot reverse the decline in the market that has already peaked, it can stimulate the market to rebound violently .

However, can such a market still attract capital to enter the market on a large scale?

But then Chen Fan realized that his thinking was wrong. Just now, he was thinking about whether he could buy the bottom. How did he think that there would be no funds to enter the market.

Shaking his head, Zheng Xiaopang was also staring at the market in a daze, not knowing what he was thinking.

Suddenly, Zheng Xiaopang seemed to come back to his senses, blinked his eyes staring at the computer screen vigorously, and then heard Zheng Xiaopang say: "It's over, the 4000 points fell through."

At this time, Chen Fan also looked back at the computer screen in Shimonoseki, which showed that the latest Nasdaq point was 3999.87 points.

Shaking his head, the Nasdaq finally fell below the 4000-point integer mark. Even with funds to protect the market, the market still did not hold it.

Immediately, Chen Fan took a look at Qualcomm's stock price. At this time, the stock price was 66.82 yuan, but the change in the market was still obvious. The selling orders that would soon pile up on the previous selling price were significantly reduced. It seemed that the fall was miserable. Willing to There are fewer bargains to sell.

However, when Chen Fan recalled the rapid accumulation of selling orders in the market, he always felt something was wrong.

The market has just opened, where did such a large selling order come from?
Small and medium-sized retail investors or institutions cannot do such a terrifying selling pressure. Could it be that there are market forces fishing in troubled waters that can lead the market to plummet?
Thinking of this, Chen Fan tuned to the index futures trend of the previous few days, and looked at the trading volume of the previous few days. At that time, after the price dropped from 5 points, the futures index market was the same as the stock market, and the trading volume was shrinking. However, judging from the situation at that time, it was relatively easy to open short orders, because the shrinkage was only relative, and the absolute volume was still very large, with a single-day trading volume of more than 10 lots.

The main force of the market should not be forced to choose to sell down because they cannot increase their short positions, and Chen Fan believes that the main force of the market needs a larger short position to protect their huge floating profits in the stock market. They need a strong multi-funded.

Is it
Chen Fan started to have a little idea, but it was just a sliver, he still didn't grasp the clue.

But the market didn't have time for him to continue thinking. When the Nasdaq fell to 3982.63 points, the falling Nasdaq trend line finally began to flatten, and then gradually rose, and the index finally stabilized and began to rebound.

The market began to pick up, and Chen Fan noticed it immediately, but he still didn't think of what to do at this time, and He Li didn't pull up Qualcomm's stock price. There are still more than 20 sell orders at the price, while the buy orders below are only tens of thousands of shares.

In fact, the stop fall this time is more like a rebound formed during a break after being tired of actively selling orders. Although there are indeed funds buying, it is not large, which can be seen from the trading volume.

In the end, Chen Fan still chose to wait and see. Although the index gradually approached 3990 points, and might continue to rush to around 4000 points in the future, Chen Fan did not intend to make a move, and continued to wait and see.

Before he fully figured out the intentions of the main force, Chen Fan didn't plan to enter the arena aggressively.

As for Qualcomm now, it’s better to pretend to be dead. Anyway, there are tens of thousands of Nasdaq empty orders in hand, which can basically hedge the losses in the underlying stock market and make some profits.

The rebound of the Nasdaq is weak, without the support of trading volume. Although the index is rising slowly, it seems powerless to continue hitting 3990 points after standing at 4000 points.

Seeing all this in Chen Fan's eyes, he felt another sudden suddenness in his heart for no reason, "He Li, immediately withdraw all the payment from Qualcomm."

The current trend is very similar to yesterday when the second round of the market plunge started. It was the market rebounded and then lost its upward momentum and then dived again. The first lesson has already been learned, and Chen Fan does not want to be stolen a second time.

(End of this chapter)