legendary trader

Chapter 783
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. It’s true that bears 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.

Chen Fan was about to make a move, but Zheng Xiaopang, who was supposed to be excited, unexpectedly didn't answer at the moment. He had already been hit hard by the market trend, and was silently licking his wounds.

There is no way, who told him to call for bottom-buying the most vigorously before, if he really entered the market and bought according to his idea at that time, one can imagine what the situation in the trading room will be like at this moment.

And the market didn't keep Chen Fan waiting too long, and the Nasdaq fell below 3700 points without much effort, but it was a volatile market at this time, and the Nasdaq index rose back to 3700 points within half a minute.

Of course, Ning Yongyou did not reduce their positions. They had to wait for the Nasdaq to fall below before starting to buy Nasdaq futures.

But now it is estimated that it will not be long before it completely falls through. I did not see that the Nasdaq was still weak after it bounced up. It did not stimulate popularity because of the recovery of 3700 points. It can be seen that the market rebounded again. Now the market is really weak. To the extreme.

The Nasdaq futures June contract is currently quoted at 6 points, a discount of more than 3592 points. Under normal circumstances, this is a large margin, but in this extremely turbulent time period, it seems to be normal. Who knows, one or two hours After that, the Nasdaq will fall there.

The one-hundred-point change that usually looks huge, seems to be easy to do today.

When the Nasdaq fell below 3700 points again under the pressure of selling, the market failed to rebound quickly this time, and the Nasdaq continued to fluctuate and decline. I think the previous time was just a test of 3700 points by short sellers. Seeing that there is no bill to enter the market, then you can continue to suppress boldly with confidence.

As the Nasdaq fell below 3700 points, Ning Yongyou's futures trio also started to take action, and began to open long positions around 3590 points. However, because it was a tentative purchase, they all chose small orders to open positions.

3 hands, 5 hands.
A little bit of testing, to see if the bears have the most courage to continue to open short orders here.

In fact, sometimes the transactions you see may not be the real transactions. Although you can see the continuous transactions of large and small orders here before you sell them, who knows who is the master behind these long and short orders?
Is anyone creating false deals to deter potential longs from entering the market.

After Ning Yongyou's several long orders entered the market, it seemed that they had little impact on the market. Thinking about it, even if the short sellers were panicked at the moment by opening dozens of long orders, they would definitely not be able to do so on the market. Frightened by this list, it didn't just overturn the car.

Several multiple orders were traded below 3590 points, and as the underlying stock market declined, the futures index market also fell at the same time, and the transaction point approached 3580 points after a while. The resistance below seemed really small, and the bulls There are very few open positions, and a small number of empty and flat orders come into the market, which is a small help to the bulls.

"The market is a little bit down."

He Li suddenly said at this moment that they are now dealing with the sudden sell order near 64 yuan. Now some investors who are not determined to hold shares in the market have given up holding shares and started selling stocks.

The reason why I know that the funds in the market are running is not because these selling orders are relatively scattered, which is far from the previous large orders. Obviously, the short-selling institutions have not yet ignited the short-selling war on the stock of Qualcomm, but even if In this way, He Li and the others struggled to deal with it. After all, they didn't want to increase their positions in large quantities at this time.

And He Li said this because the Nasdaq Composite Index fluctuated and fell like this, and it has already fallen below 3690 points, but the bears still seem to have no intention of stopping, and the index is still under constant pressure and continues to decline.

"Ha ha."

At this moment, Chen Fan suddenly smiled, but he could see that it was a wry smile. Chen Fan himself didn't know why this happened. He really didn't expect the market to come here.

3674.62 points is the point of the second circuit breaker, and now the Nasdaq is only about ten points away from here. The intention of the bears has been clearly revealed at this time. This is a real intention to completely defeat the bulls today, and it will be settled in one fell swoop. The atmosphere of a bear market.

If the market really closes here today, you don’t have to think about it. What the media will report later, investors with a little sense will know that the bull market in the rice stock market that has lasted for several years will come to an end today. .

As the Nasdaq fell to around 3680 points, the long-lost resistance in the market reappeared, but this time the bulls' counterattack appeared more scattered and weak than before.

In fact, the market has come so far, and the funds on the market know the plan of the short sellers. Today, they want to hit 3674 points, create a second circuit breaker, and aggravate the panic in the market, but they have no choice.

The hearts of the people are scattered, and the team is difficult to lead.

When the Nasdaq was close to 3680 points, Chen Fan noticed the surge in Qualcomm's selling orders and said again: "He Li, make a proper retracement. It is estimated that there will be more selling orders soon, and put the stock price at 62 yuan."

He is not willing to buy Qualcomm stock in a big way, especially in this position. He has sold a large number of stocks here before, and buying it back now means that all previous operations have been wasted.

After giving instructions to He Li, Chen Fan said to Ning Yongyou: "Now we will increase our efforts to open long positions."

Now Chen Fan really intends to take a gamble, betting that the main funds are here waiting for the short sellers to strike.

It's not that Chen Fan really didn't dare to gamble anymore, it's just that he is more cautious in betting now, and he won't choose to quit easily if he is not fully sure.

Now here to make a move, although he is not fully sure, but the current point is at 3680 points, calculate the time, hold it for more than half a month, wait for the market to return to 4400 points and leave the market, that is a huge profit.

Even if the Nasdaq falls below 3600 points, there is no problem even if it is even lower. Chen Fan believes that he has already eaten the most delicious piece of meat from the fish. As for the fish tail, he will give it to others.

After receiving Chen Fan's instructions, the futures trio began to increase their efforts to open positions. Although they bought frequently before, the orders were not large, and they were controlled within 10 lots. Now they are letting go, and large orders are limited to 100 lots. Inside, it directly increased tenfold.

They also have the confidence to operate in this way now. Although they are not optimistic about the long position, they have 6 empty orders in their hands. They really have the confidence to do so.

They also guessed what Chen Fan meant. Instead of closing empty positions, they opened long orders, which meant that the boss defined this market rise as a rebound, otherwise the empty orders in his hand would definitely be closed.

In this way, they didn't have much pressure to operate. At least Boss Chen knew that the market was going to die, so he went in to gamble on a rebound and then left.

The resistance of the bulls in the rice stock market soon ended in failure. The Nasdaq continued to slide, and the bears had an overwhelming advantage in momentum. Institutions and retail investors continued to join the short camp, which further fueled the arrogance of the bears.

Not long after, the Nasdaq fell below 3680 points, and then fell into a short-term diving trend, because everyone knew at this time that a second circuit breaker was inevitable, and more people joined the ranks of selling stocks. Who knows if today will be the first time? Three fuses, go early and feel at ease.

The Nasdaq directly dived to 3674.62 points, and finally when the rice stock market suspended trading again, the Nasdaq was firmly locked at 3673.93 points.

"Increase the strength of buying long orders, Xiaopang, and Xiaoye, you are all involved now, buying long orders."

Trading was suspended on the stock market, but the futures index market did not stop.

After the Nasdaq index fell below 3680 points, the Nasdaq futures ushered in a wave of slight diving trend. It dropped more than 20 points at once, and the point fell directly to around 3550 points. Long orders have obviously strengthened a lot, but they should still be within the tolerance range of short positions, so the transaction is extremely active at this moment.

Hearing Chen Fan's order, Xiaoye naturally did not refuse. She directly got the futures trading account from Li Fei and started trading immediately. After being idle for almost two days, Xiaoye also thought about making a few orders.

"Now we need to increase our long-term efforts? What if it continues to fall?"

Zheng Xiaopang did not obey Chen Fan's orders like Xiaoye did, but leaned close to Chen Fan and whispered.

"It's not a big problem. Even if there is still room to fall, as long as it takes a while, the market will definitely rebound. The short sellers are too greedy."

Chen Fan smiled at Zheng Xiaopang, now the smile was gone, and he seemed very happy.

Seeing that Chen Fan was so determined, Zheng Xiaopang couldn't say anything, just trust his judgment.

Immediately, Zheng Xiaopang also entered the futures index market to open orders, and a large number of long orders were issued from here and spread to the far side of the ocean.

Because the rice stock market has suspended trading, the eyes of the whole market are now cast on the maturity index market, which has also become the main battlefield for the final decisive battle between long and short. It can be said that the trend after the circuit breaker resumption will be largely Depends on the final direction of futures.

In fact, the global financial market was shocked after the first circuit breaker of the rice stock market. After all, it happened just yesterday, and the circuit breaker mechanism was triggered by a two-day plunge.

For the international hot money and predators who are immersed in the financial market at this moment, such a market must hide huge opportunities to make money.

When the rice stock market did not stop falling after the circuit breaker, but continued to fall, moving forward to the second circuit breaker point, global capital has already begun to mobilize funds to the US financial market silently, ready to invest in this wealth feast at any time Among them, the only thing that is uncertain is which side I will stand in the end.

Although the current market situation, bears undoubtedly have an absolute advantage, but for these old birds, everything is just a superficiality, and the winner is the one who has the last laugh. Before the market is still clear, they will not easily stand in line.

At this time, the futures market, which undoubtedly allows them to see the blue sky through the clouds, has become a guiding light for their operations.

At this time, on the Nasdaq futures market, a huge number of long and short orders are flying across the board, and the transactions per second are calculated in thousands of hands. The longs in the futures market are here to guard against death. It is also clear that once defeated this time, there will be no turning back, so the resistance is extremely firm.

However, more and more institutions and investors in the market are more inclined to be short. At this time, they are more or less involved, stepping on the bulls, determined not to determine the direction of the market, and the futures trading points are still slowly moving down. Gradually approaching 3540 points.

At this time, Chen Fan was of course staring at the Nasdaq’s June contract, and at the same time kept paying attention to the progress of opening positions. In just half a minute, Zheng Xiaopang and the others had placed more than 6 orders in the market. In the transaction, this order is of course nothing.

Slightly frowning, Chen Fan didn't know if the main funds were already in the field, and began to consume the short funds, but he still knew that this cannot be lost, and the consequences of losing will be very serious.

Constantly looking for solutions in my mind, is there any other way to stimulate the morale of the bulls in the market?
But soon, Chen Fan gave up the idea of ​​opportunism. Now the market is a bayonet-like game. Whoever wins at this stage may gain the dominance for a period of time in the future, and those vacillating funds outside the market will join to your side of the camp.

Stretching his brows, Chen Fan stared at the latest position. The long order has increased to more than 9 lots. Before he looked back, he had already jumped to more than 1 lots.

There are too many empty orders in the market now, and they can’t stand it. The transaction point is still falling, and the long orders placed are swallowed up by the empty orders in an instant. All signs show that the dominant position of the short sellers is becoming more and more obvious. up.

Suddenly, Chen Fan let out a long breath, and said loudly to Zheng Xiaopang and others: "Continue to increase the speed of opening long positions, and you can open positions with the maximum number of lots."

This time Chen Fan doesn't plan to do it himself, why should he end by himself, the final victory or loss is still in the mind of the main funds, whether they make a move, and what direction they will choose, this is the key to determine the victory or defeat of this time .

As for the current Nasdaq futures June contract, the trading point finally stabilized after falling to 6 points. Although it is still fluctuating up and down, it can be seen that the transaction price has always remained here, and occasional fluctuations have not been able to shake this price at all. defense.

The vicinity of 3540 seems to have become a black hole, devouring a huge amount of funds in the market crazily. After a period of crazily output, Ning Yongyou was about to take a breath, shake his already sore arm, and accidentally saw the latest position in the market It has soared so fast that today's opening is several times the open interest, and it is also frightened.

It is conceivable that in today's half-day trading, the number of new positions in the market has been several times that of the past month. What does this mean? Only one side can survive.

(End of this chapter)