legendary trader

Chapter 782

Regarding Zheng Xiaopang's remarks, Chen Fan did not express his opinion, and always felt that something was wrong.

The main funds in the market must make some moves, but Chen Fan still hasn't figured out how to move them, so he plans to continue to observe and observe, and then decide on his own operations after seeing the follow-up.

Thinking of this, Chen Fan shook his head.

This time the Nasdaq’s retaliatory rebound came aggressively. Although it seemed very hesitant at first, as the index continued to rise, it became more aggressive. After the Nasdaq broke through 3950 points, the offensive became more fierce. Pushed up to around 3900 points, it seems that the posture is going to directly break through the 3980 point mark and return to the posture of the 4-digit era.

However, after the Nasdaq stood at 3980 points, the already skyrocketing trading volume ushered in a new round of skyrocketing. In the futures market, the Nasdaq’s June contract continued to refresh the daily trading volume of the day, and larger empty orders swarmed in. Market, severely suppressed the index below 6 points.

No matter how powerful the bulls' funds launched during the session, they were all resolved by the short orders that the shorts kept throwing out. As the transaction continued, both the longs and the shorts invested more and more funds, and they gradually became trapped in it.

In the underlying stock market, the blue-chip technology stocks that had rebounded for a while were the first to be attacked by a large number of selling orders, and the stock price fell a lot in an instant.

At this time, most of these stocks have broken away from the previous bottom. Although the rebound rate is not large compared with the decline in the last two days, they were hit by selling orders at this juncture, and the buying orders also stagnated instantly. Disks flooded into the market, and the stock price began to fall steadily, and it couldn't hold it anymore.

The index futures market and the underlying stock market were attacked by short sellers almost at the same time. Neither the index futures market nor the underlying stock market could withstand the pressure from the short sellers, and market sentiment was naturally hit hard.

The Nasdaq fell back from 3986 to 3952 before it barely stabilized, but the selling is still frantically entering the market, and some investors who were hesitant before seem to have realized that the market bears seem to have the upper hand, especially yesterday. As a monster, but from today to now, the funds in the market seem to have no way to take the other party, which shows that the strength of the short seller is not ordinary.

In this kind of analysis, these investors have thrown out their stocks one after another. I can't guess the size, so I will wait and see, and wait until your dog's head hits the pig's brain.

The market situation is becoming more and more unfavorable to the long-term institutions in the market. As individual investors join the army of selling stocks, some small and medium-sized institutions with weak strength also take advantage of their small size and easy to turn around at this time, and have greatly reduced their holdings of stocks. After all, the funds are small, and it is relatively easy to cash out.

The Nasdaq finally couldn't bear 3950 points, and the index had to move down again to find a new support point, but will the main short sellers give the long funds in the market this opportunity?

The answer is of course no.

As the saying goes, while you are sick, you will die. Of course, the main short sellers must seize this opportunity, use the long funds to retreat again to find new support opportunities, and take advantage of the situation to sell short. Disintegrated, the index once again showed a crazy downward trend, just like the previous dive, the index once again showed a state of free fall.

The Nasdaq market changed faster than Chen Fan and others expected. Although the index was a bit difficult to see before, no one expected that it would collapse in an instant and usher in another sharp drop.

After all, this is already the third diving trend that happened today. Yesterday, the market only jumped twice in a row and ended anticlimactically. Today, the bears seem to be fully fired, and they plan to finish their attack in one battle and completely break the market today. in the resistance.

In their view, as long as the bulls in the market can be completely defeated today, and there is no resistance in the market, even if the main funds want to go long, the market will not cooperate with them, so they can only follow the shorts all the way down and cash out. field.

Now for the main short sellers, knowing that the main players in the market have no plans to intervene now, they must seize the time to complete the control of the market.

It is enough to be able to destroy their plan, let them turn from a big profit to a small profit, and I will benefit a lot from this action, and it can be regarded as the completion of revenge against the other party. It is also a good thing to let the other party's income be greatly reduced, and the painstaking planning of many years is ruined once.

With the surge of selling orders, the Nasdaq fell off a cliff. In a few minutes, all the lost ground recovered in the previous ten minutes was lost. The Nasdaq returned to around 3900 points, while the futures index market directly hit a new low. 6 The monthly contract was smashed through 3800 points in the intraday market, and the market's discount situation intensified, which further affected the trend of the underlying stock market.

This time, 3900 points failed to support the market. Under the continuous and violent blows, the Nasdaq lost support at 3900 points for a minute, and the Nasdaq fell below 3900 points and continued to run downward.

At this time, Chen Fan is closely watching the changes in the market, looking for traces of the main players in the market. He believes that it is impossible for the main players in the market to condone the arrogance of the short sellers. The current decline is more like letting the short sellers dig holes for themselves. , The market's main funds have already begun to deploy, and it should be to short sellers to build larger positions so as to catch them all.

Based on such guesses, Chen Fan certainly wouldn't let go of this opportunity to make money with the main force, but he didn't know how big the main force's appetite was, and the short seller's ambition was strong again.

Originally, if the market wasn't so crazy, Chen Fan didn't plan to participate in this kind of thing, but he would be embarrassed if he didn't eat it when someone delivered it to his door.

And Zheng Xiaopang seems to be frightened by the changes in the market at the moment. Seeing that the index has plummeted from around 3980 points to the current 3890 points, the decline has not yet stopped. Establishing a long position in futures, the futures index has now fallen below 3800 points again, with a loss of more than [-] points, if the position is full, it will have exploded.

Zheng Xiaopang has made up his mind at this moment, and he will kill him later so as not to affect Chen Fan's judgment.

As the index continued to go down, the market trading volume finally began to shrink, because the buy orders below were greatly reduced, and the selling or empty orders were sold out, and it was no longer possible to find a counterparty. Naturally, there was no possibility of trading volume coming out, and the market began to shrink and plummet. trend.

The graphics are scary, but Chen Fan's eyes lit up. Does this mean that the main force felt that they had already caught the short position, so they did it?
You know, in the current trend, there is room for an infinite fall. If there is no transaction, a trading vacuum will be formed. Now it is easy for the index to fall. If it rises to this stage, it will be very easy to rise. Unlike before, from The range from 3980 points to 3900 points is completely a dense transaction area, and countless funds are bought and sold here, which will constitute resistance to rising or falling in the subsequent market operation.

However, Chen Fan's imagination did not last long. When the Nasdaq fell to 3850 points, the trading volume began to surge again. It seemed that this became the second resistance level that the bulls were trying to create.

The trading volume of the underlying stock market began to increase again, while the trading volume of the index futures market was still sluggish. At this time, the bulls in the index market seemed to have plans to give up. Perhaps it was the defeat of the underlying stock market that made them really unable to hold back.

The price of the Nasdaq futures June contract has fallen to around 6 points, and the discount is still increasing. This also shows that investors in the futures market are bearish on the Nasdaq’s June point. constitute a great deal of pressure.

Seeing that the Nasdaq fell to around 3842 and hooked its head again, Zheng Xiaopang heaved a sigh of relief, while Chen Fan frowned, and the trading volume began to increase again. How should this be understood?

Soon, near 3850 points, the scene of 3900 points of long-short fighting reappeared. Buy orders and sell orders collided fiercely. Both long and short sides invested a lot of money here to compete for control of the market.

Bulls never die, but bears never stop.

In such a market atmosphere that is obviously beneficial to the bears, although the resistance of the bulls seems a bit tragic, gradually, the psychological balance of funds in the market still unconsciously tilted towards the bears.

From yesterday to now, the initiative of the market has been firmly controlled by the main force of the bears. The bulls are only resisting and have no power to fight back. Under such circumstances, whoever dares to follow the bulls will have his head caught by the door.

The violent trading volume did not last for too long and began to shrink gradually, and the Nasdaq began to slide down again, but this time it did not dive and fall like before, and the resistance of the bulls still seemed to have played a little role.

However, this has no impact on the market operation at all, and the Nasdaq is still falling, constantly approaching 3800 points.

"Are the bears going to blow up the market today?"

Zheng Xiaopang was really frightened seeing the short sellers being so arrogant.

Too arrogant, this is not treating the main force of the market as a person, but completely as a leek.

"The index will drop by 10% soon, and it seems that there is really no hope today."

Xiaoye also said at the same time that he hadn't operated the Oracle software for a while, and he was just sitting here watching the fun. At this time, he was chatting with Zheng Xiaopang, and he was idle.

"Hehe, I think the shorts are planning to blow the longs out again. The next circuit breaker is 13%. I think it will be soon."

Zheng Xiaopang was having fun in his bitterness at the moment, talking casually.

"What is the point of the secondary fusing?"

At this time, Chen Fan suddenly asked Zheng Xiaopang.

"Ah? I don't know, I'll figure it out."

As he said that, Zheng Xiaopang hurriedly pointed out the calculator that comes with the system and began to calculate where is the point of the second fuse today?
Soon, the calculation results came out. The second-block fuse was 13%. The Nasdaq closed at 4223.7 points on Monday. According to this range, the critical point of the second fuse is 3674.62 points.

Zheng Xiaopang quickly reported the data Chen Fan wanted.

"It's still 180 points away"

After hearing the number reported by Zheng Xiaopang, Chen Fan mumbled.

But when Zheng Xiaopang heard this, his ears changed, and he turned to Chen Fan and said, "You don't really think that the market is going to have a second circuit breaker today, do you?"

Chen Fan just shook his head, "It's hard to say, it depends on the situation, whether the short sellers can control their greed, otherwise it's really hard to say, if there is a second circuit breaker, the popularity of the market will be reduced."

Having said that, Chen Fan didn't continue talking. He felt that he had nothing to say, but he still made up his mind in his heart, continue to fight, wait until the market shows signs of change, and then make a move and grab this one.

It is very tempting to go short now, but just because he can't see where the main players in the market will do big things, Chen Fan doesn't want to intervene in the market prematurely. This temptation is still avoided, and safety comes first.

However, Chen Fan still made a preliminary plan in his heart, and started to enter the market above 3674 points. Chen Fan believed that the main force of the market deliberately endured two circuit breakers in one day, but it was absolutely impossible to accept the third circuit breakout. After the last shot, the main short sellers have been severely washed away. The current weak resistance in the market is likely to lure the short sellers to attack and trap their funds.

Chen Fan thought so, and he did the same. As the entire rice stock market continued to be attacked by short-sellers one after another, and the funds in the market also raised white flags to withdraw from the market batch after batch, the Nasdaq did not have too much The resistance lost 3800 points of position, and then the short forces continued to deepen and kept pushing down the market.

At this time, the bears have actually benefited a lot, but they still seem to be unsatisfied. Not only the bears continue to attack, but also the off-market hot money, like sharks smelling blood, has begun to attack frequently, constantly passing through their own channels Commercial lending and securities shorting.

Of course, the number of stocks raised in this way will not be very large, so their main battlefield has shifted to the futures index market.

The bloody smell in the index futures market has surpassed that of the underlying stock market. The June futures contract of the Nasdaq futures has fallen by nearly 6% today, far exceeding the 15% decline in the underlying stock market. It is no longer new. It is not that you can see "multi-even" orders appearing. These are either investors who voluntarily admit defeat and leave the market, or are forcibly liquidated by futures traders.

It can be said that in just two trading days, the bulls in the U.S. market were subjected to a round of bloodbath, and their corpses became the nourishment for the bears to grow stronger.

With such a situation happening, the hot money that left the market naturally discovered the New World. These funds did not dare to enter the market to sell short yesterday, but today, after the market went through a circuit breaker, they chose to enter the market to follow the pace of short institutions and start Crack down on long funds.

Human beings are kind, and most of the time everyone will sympathize with the weak, but in the financial market, human nature is truly released. This is a place where the strong are respected. If you don’t believe in tears, you naturally like to sprinkle salt on the wounds of the weak .

The Nasdaq fluctuated and fell all the way. When the index fell below nearly 3700 points again and reached around [-] points, the market bulls had almost completely given up, but Chen Fan's eyes gradually brightened at this time.

It’s not a lie that bulls don’t die, but bears don’t stop. The shorts are raging because they have opponents, which can inspire their fighting spirit. When all the bulls in the market are disarmed, how can they continue to play without opponents?
"Ning Yongyou, prepare on your side. After the Nasdaq falls below 3700 points, you will tentatively establish a long position."

Chen Fan suddenly issued a trading order to the futures trading team who had been sitting idle.

(End of this chapter)