legendary trader

Chapter 780 781 Fuse Reappearance
"Oh, so the explosion in the futures index market means that new funds have entered the market?"

Zheng Xiaopang continued.

"Yes, after the market fell yesterday, there were obvious short funds in the index futures market, which kept pressing down on the bulls in the market. At that time, the market trend was not good, and the bulls in the market did not dare to resist. It is estimated that today the stock market began to resist. Therefore, the long funds on the futures index have also begun to rebound.”

Ning Yongyou laughed.

The two chatted casually, without noticing that Chen Fan on the side seemed to have a sense of enlightenment.

I had been having various doubts in my heart before, and it seemed that there was a little clue in Ning Yongyou's words.

Before, Chen Fan always thought that the market was controlled by major institutions, so the ups and downs of the market, in his view, were just an operation method of the market’s main players. Consider the possible bearish forces in the market.

Because in his opinion, the market's main funds are so strong, who dares to lick the tiger's whiskers, isn't that impatient?

But if there is a short-selling institution that is strong enough to compete with the main funds, then everything makes sense.

Because there was no huge short position in the index futures market before, Chen Fan never thought about it in that direction.

You must know that shorting stocks is actually very difficult to make money, because the stocks you get from securities lending are actually limited. Unless there is a major negative support, shorting the market is tantamount to courting death.

Moreover, this kind of shorting can only be aimed at individual stocks. It is impossible to short the entire market, unless you have a huge short position in the futures index, and you can ignore the losses in the stock market.

As for the reasons for shorting, Chen Fan knew very well that he could see that the market had actually risen too much, and rice stocks as a whole had entered the stock market bubble. In such a market environment, there was no reason for shorting. Looking for an opportunity to expand a short position?

It's just that I became less courageous, and I didn't wantonly short, worrying about being backlashed by the main market funds.

Really, thinking of this, Chen Fan couldn't help but sigh in his heart, the richer he is, the more timid he is.

At this time, whether it is the stock market or the futures index market, huge transactions are happening all the time, which also shows that the bulls are fighting desperately in the market.

"Minister Kishimoto, this is the latest information from the York City branch."

The male employee in a suit bowed to Kishimoto, and at the same time presented a sealed document bag with both hands.

"Thanks for your hard work."

Kishimoto took the file bag, nodded slightly to him, and waited for the male staff to leave before opening the sealed bag and flipping through the files inside.

The content of the document is very simple, but from the beginning of reading the document, Kishimoto's face showed an uncontrollable smile, obviously he was in a good mood at this time.

After reading the information completely, Kishimoto raised his head and shouted over there: "Watanabe, come here."

When Watanabe came over quickly, Kishimoto handed the document he had just looked at to Watanabe, "The American guys don't plan to protect the market this time, they have already cut half of their positions, and now they don't want to re-buy. The news is that they chose the same operating strategy as us, increasing their short positions and scrambling for orders in the futures and index market, and you have to be tough on your side to break down the resistance in the market as soon as possible.”

Watanabe quickly flipped through the materials in his hand, and then a smile appeared on his face, and returned the materials to Kishimoto's desk with both hands, bowed, and let out a "hi" sound from his mouth.

"The timing of this launch is very good. We took the lead before they completed the establishment of short positions. According to intelligence, their current positions can guarantee that their book profits will not disappear. Don't worry about bold operations."

Kishimoto said to Watanabe, looking confident.

Watanabe hesitated a little after standing upright, but said nothing more, nodded and bowed again, then turned and returned to his work station.

At this time, rice stocks, no matter in the stock market or in the futures index market, the war is still in full swing. One short order after another, go all out to short in the stock market and futures market.

The futures market is the first to be unable to withstand the selling pressure from the short sellers. After all, in this market, money is the boss, and the short sellers have come prepared this time, and naturally prepared a huge amount of funds. Although the main bulls in the market are still resisting, the balance Still gradually leaning towards the short side.

The long-term September contract and the December contract themselves had a small trading volume, so they suddenly collapsed after encountering a small number of empty orders. However, although the June contract, which is fully operated by the main bulls, is still falling steadily, the decline is limited, at least It is relatively close to the stock index, and I am unwilling to stay away from 9 points.

And in the stock market, as more and more stocks began to be driven up by funds, the stock price soared rapidly, the vitality of the market began to be activated, and the popularity finally began to gather after the sharp drop at the opening. Unwilling, but also dare not go all out to short.

Shorting requires the cooperation of the right time, location, and people.

There are many stocks in the market with capital protection, but there are also many stocks without capital protection, and Qualcomm's stock price has plummeted during this wave of war, and there is no trace of the presence of Qiangzhuang at all.

After being suppressed by several waves of selling orders from short sellers below 67 meters, after the stock price quickly plunged to around 66 meters, it seems that the funds on the market have also begun to turn against the water. , Large and small sell orders came one after another, and they were thrown into the market one after another. In a short period of time, the intraday low of 66 yuan was broken again, and the stock price fell rapidly like an object falling from a high altitude.

The stock price fell by nearly 65 yuan, and there was still no big ups and downs in the buy orders below. There were still only a few, and the buy orders of a hundred thousand shares were not enough to resist the sell-off wave at this time. .

After falling below 65 yuan, the decline rate of Qualcomm's stock price began to slow down. After all, it has fallen by more than 6 yuan since the opening of the market, and the decline will soon become double digits. No one can bear it.

The selling orders in the market began to decrease, so He Li stopped actively suppressing the stock price and snatched up those few buying orders in the market, and it was only natural to stop the decline.

Qualcomm's stock price stabilized around 64.6 yuan and began to rebound, but the rise of individual stocks has little impact on the stalemate of the broader market.

As the main force of bulls in the Nasdaq futures market began to collapse, the price of the June contract began to plunge sharply, directly from the previous 6 points and rushed downward for a while, and quickly fell to around 3980 points before barely stabilizing again, but it has not rebounded yet , The underlying stock market was also affected by the futures index dive, the Nasdaq fell rapidly, and finally fell below the integer mark of 3900 points, and quickly approached the previous low.

3982 points, today's intraday low is not far from 4 points, so after the index fell below the integer mark, in just one minute, the Nasdaq fell below 1 points, directly approaching this position.

"What's going on, it was fine before, but it suddenly collapsed."

Seeing that the Nasdaq jumped from 4010 in an instant, Zheng Xiaopang yelled.

"Maybe some small and medium-sized institutions have withdrawn."

Xiaoye on one side suddenly said, "Retail investors generally don't pay attention to the futures market trend, only institutions will pay attention. Maybe the collapse of the futures index over there has caused some small and medium-sized institutions to make more money."

"64 yuan 5, stabilize Qualcomm."

Just as the mud and sand were falling apart, Chen Fan suddenly said to He Li.

Obviously, Chen Fan has foreseen that the market will fall again, and Qualcomm will inevitably face a large number of selling orders again.

At the current price, Qualcomm's share price cannot continue to fall. If it forms a downward momentum and falls below 62 yuan, then it will be 60 yuan below. Once it breaks here, the entire graph will be missed.

At this time, whether he wants to or not, Chen Fan must protect the market, unless he really intends to ignore the market outlook of Qualcomm.

As long as it survives this wave of market shocks, Qualcomm still has a chance to continue shipping at a high level. Although he doesn't know what the main funds are planning, Chen Fan still wants to protect the market.

What Chen Fan thought of, He Li naturally thought of it too. The platform built after three months of hard work is naturally unwilling to break through it easily. After Chen Fan issued the order, He Li immediately began to build a defense line at 64.5 meters , and constantly hang out the bottom of the buy order below.

When the Nasdaq once again fell below the previous low point, the terrifying sell-off wave reappeared. This time, it was not only the short-sellers who deliberately smashed the market, but investors with a little brain in the market knew that the bulls could not stand it, and it was already in chaos. At this time Naturally, he had no choice but to leave.

Large and small selling orders rushed into the market frantically. Many people chose to place orders at the market price instead of limit price shipments. They just wanted to leave the market as soon as possible and escape from this place of right and wrong.

In fact, although the decline was stopped yesterday, the weak trend in the second half has already made most investors vigilant. Fleeing without opening is just a glimmer of expectation for the 4-point integer mark, which is now gone.

If you compare yesterday's index trend chart with today's market trend, you may find that after the opening of the market, the decline charts of the two days are almost the same.

If there is a difference, it is that after the stabilization on Tuesday, the consolidation time was longer, and the funds on the market resisted, unlike yesterday, when the market was almost unprepared and was smashed by short sellers.

The second slump brought a large amount of chips into the market, and there was no need for short institutions to exert their strength. The panic market alone was enough for the institutions on the market to drink a pot.

And the panic in the market did not disappoint the short-selling institutions. The index continued to fall off a cliff after falling below the previous low, quickly falling below 3970 points and 3950 points.
"It's going to be fusing, and it's going to be fusing for the second day in a row."

Zheng Xiaopang looked at the rapidly declining index and whispered to Chen Fan, "Is this intentional by the main force?"

Up to now, Zheng Xiaopang still didn't understand the situation, and he couldn't figure out the reason why the main funds did this, because in the futures index market, there was no strong short seller group, as can be seen from the position data of the last few days. However, there is no sign of the short sellers aggressively increasing their positions. What reason do they have to go short?
"It's empty."

Chen Fan replied in a low voice.

"what?"

Zheng Xiaopang didn't hear clearly. He was a little nervous at the moment and seemed to be a little distracted, so he couldn't hear Chen Fan's words clearly.

"There are real short sellers in the market. They are shorting. It is estimated that they found that the main funds are also selling, so they took their pulse and sold short first."

Chen Fan explained in a low voice.

"The main force is about the same as ours. Most of the chips have been thrown out, and now they are going to sell short, have they been cut off?"

Zheng Xiaopang had a bit of recollection, but he still couldn't figure out what good it would be for them if they smashed the market down without establishing a short position at a high level.

"I guess it's just a sniper attack. Once the main force turns around to push up the market, it will be the main force of the bulls. It just happens to have an opponent. But look at the current market, can it still pull up?"

Chen Fan shook his head, "It's broken, it must be blown again today."

While they were talking, the Nasdaq had fallen below 3930 points, and in an instant the Nasdaq appeared at 3927.96 points. Chen Fan also straightened up properly and leaned on the back of the chair.

After his words fell, the market that was still running crazily was suddenly pressed to stop, and some transactions stopped. Only the futures market was still changing, but at this time the transaction price of the Nasdaq futures June contract It has fallen below 6 points and reached 3900 points.

"They use circuit breakers to put pressure on the bulls in the market. They continue to fall and continue to circuit breakers. I am afraid that it will be easy for the bulls to go berserk, fall into panic, and finally collapse completely."

Speaking of this, Chen Fan suddenly seemed to understand, shook his head and smiled wryly: "If my guess is right, it may be that the funds that were looted that time are taking revenge, and they are taking revenge on the main players in the market, and massacred them back then. "

"The situation of destroying their shipments makes them very uncomfortable now. I don't know whether to protect the market or kill the market and leave the market?"

Zheng Xiaopang has figured it out a little bit. Although he didn't establish a short position at a high position, he just said that he lost a lot of profits, but it is by no means not making money. If he follows the trend, he can still make a lot of money. The premise is to trap the shares of funds.

"It is obviously unwise to go long at this time, and shorting along with the trend will lose a lot of profits."

Zheng Xiaopang nodded, but soon realized that it was not good, "How do we operate, kill or fall?"

Of course what he said was referring to Qualcomm. They still have a lot of Qualcomm stocks in their hands, and the current price is indeed too high.

According to the results given in the previous analysis section, Qualcomm’s current reasonable price should be around 20 yuan. Even considering the growth in the next few years, the stock price should not exceed 30 yuan. Now the stock price of 6 or 70 yuan is obviously Too much to overestimate.

"It depends on the situation and how the main force chooses."

Chen Fan was just saying that. In fact, what Chen Fan didn't say was that he had already noticed that the intensive trading around 4 points just now is obviously the main price for short institutions to establish short positions this time. The bulls seemed to be digging a hole for them again, because Chen Fan knew that the Nasdaq could return to 4400 in the end.

The space of 400 points is enough for short institutions to explode their positions several times.

(End of this chapter)