legendary trader

Chapter 112 The Nightmare in Progress

"I'm exhausted, shit, it's not easy to be short." Zheng Xiaopang slumped on the chair, kept shaking his hands, and repeated these words in his mouth.

Zhang Yang was also leaning on the chair, the teacup in his hand seemed to be shaking.

"Take it easy." Chen Fan looked at the cowardly appearance of these two guys, and said with a smile.

Zheng Xiaopang said unhappily: "You, when it hits 1570 points, your kid will go to the sidelines. You only know how to yell at us. Fatty is exhausted."

Chen Fan immediately suppressed a smile and said, "Then I don't just want to observe the market, but also the position. Look, how successful we have been, and now we are falling, hehehe" I couldn't hold back Stopped, Chen Fan still laughed.

Zhang Yang took a few sips of water before recovering, and asked, "How much was the deal? How much did you earn?"

Chen Fan replied: "4126 lots were traded, with an average price of 1588 points. The current price is 1546 points, and the floating profit is 170 million. It only takes 5 minutes." He stretched out his palm and gestured.

"What will happen next? Holding a position or something?" Zhang Yang asked again.

Zheng Xiaopang couldn't help but interjected and said: "Don't talk about closing the position immediately, let the fat man earn more. Last time we closed the position at 1700 points, we lost a lot. It's you, the stock god, I am. "

Chen Fan looked at Zheng Xiaopang speechlessly, and said in his heart that it wasn't me who named him the stock god, and you didn't call me the stock god. Now all the classmates in the class call me the stock god when they meet each other, so they changed the nickname of Tutu later. , what a shame.

Turn around and continue to observe the changes in the stock market. After the futures market was smashed to 1550 points and stabilized slightly, the price only briefly rebounded to 1558 points and then lost its upward momentum. Crossing 1550 points, a small bottom was built around 1540 points. At this time, the transactions began to be intensive and frequent, and a large number of new short and long stop loss orders poured in. The futures price was firmly pressed here and could not rebound at all.

The Nasdaq in the stock market also quickly fell to the lowest point of 1552 points before stopping the decline. After a few points of rebound, it began to drop again, and finally fell below 1550 points, and the lowest reached 1547 points before it stabilized, but it also rebounded only at 1550 points. This former bull pass.

The worst thing was the Dow Jones Index. After falling below the integer mark of 8000 points, it fell to 7900 points and 7800 points with almost no resistance. It stopped the decline around 7760 points, but the rebound was still weak.

After seeing the weakness of the stock market to such an extent, a large number of off-market funds also began to participate in the market in a small amount. Many new funds chose to go long to gain rebound profits. After all, in just a few days, the Dow fell from 9500 points The high level slipped to 8500 points before it stabilized.

But it didn't stabilize for long, and now it's directly diving to around 7760 points because of the impact of technology stocks, and the drop of more than 1500 points is not insignificant.

The other part of the funds chose to take refuge in the ranks of the Air Force, which is now gaining momentum, and began to sell short in the market.

The inflow and outflow of over-the-counter funds actually formed a delicate balance. Stocks were suppressed below, and the index was also unable to move.

Many bulls have chosen to stop losses and leave the market during this short period of shock, and went home to lick their wounds.

Chen Fan also gradually saw the clues. Although he wondered why the market's main bulls are so vulnerable, but now the market is indeed filled with a strong bearish atmosphere. No one can be with the bulls, otherwise they will be ruthlessly destroyed by market forces Lose.

Of course, Chen Fan wouldn't immediately jump out and shout that I'm a dead bull at this time. He was also afraid that he would be dragged out and beaten to death by the two bastards around him, so he just shut up, quietly observed the market, and looked for the market. The movement of the main bulls is ready to flip more at any time.

However, after observing for a long time, Chen Fan did not find any trace of bulls' activities, as if there were no longer any major bulls in this market.

After a brief adjustment, the main force of the air force seems to no longer intend to wait any longer, and is ready to further expand the results. With new funds joining the short camp, a new round of decline seems to have begun.

The Nasdaq futures and the Dow futures were the first to bear the brunt. After a brief adjustment, the Nasdaq took the lead in falling below the previous low and rushed directly to 1530 points. The Dow futures were not far behind and fell below the 7700-point mark. With a diving posture, he rushed to the bottom of the water without hesitation.

As the Nasdaq futures price fell below 1520 points, the Dow futures also fell below 7600 points, and the S&P index futures fell below the [-]-point integer mark, which made everyone fearful. After the surge, there is no doubt that the market has been conquered by the bears.

The funds that had just entered the market and planned to gain a rebound were also frightened at this time, and immediately stopped.

The buy orders below the market have almost been cut off, only a few.

At this time, the major stock indexes and index futures have gone out of the graph that makes all technical analysts despair. The price has fallen and the volume has shrunk, and no one dares to enter the market to gain a rebound.

In such a boundless slump, the power of the shorts can't be vented at all, and the bulls on the market who missed the short-term U-turn opportunity before are now the fish on the chopping board, and they are left to be manipulated by the shorts in the market.

Zheng Xiaopang and Zhang Yang were completely excited when they saw such a situation, they danced and shouted what.
Chen Fan looked at these two speechlessly, and gave them the middle finger in his heart.

Chen Fan shook his head, flung the figures of the two bastards out of his mind, and began to think about what the bulls were up to, or maybe the current main force of short sellers is actually the main force of long sellers in the market.
But this plunge was too violent. This is a tightrope walk. If you are not careful, the market may really be a short market.

Chen Fan was a little unpredictable, and he began to feel a little irritable.

Suddenly thought of something, and immediately shouted excitedly: "Fatty, come here quickly, stop making trouble."

"It's complicated, the market has changed?" Zheng Xiaopang said in an uncertain tone, then walked back and sat down, "The market is still going down, why are you shouting."

Zhang Yang also stopped carousing and walked back, sitting in his seat, but staring at Chen Fan instead of the computer screen.

Chen Fan said to Zheng Xiaopang: "Fatty, you are good at foreign languages. Now I have a task for you. Watch a few news websites. I need to know the decision of the US government as soon as possible, you know?"

Zheng Xiaopang also came back to his senses, "Okay, I understand well, I'm in charge of watching the news right now, and shout out if there is any news."

Zheng Xiaopang also began to blame himself, you bastard, why did you forget the government over there, the government came out to speak out when it was still falling yesterday, and it is still smashing like this today, there will definitely be an emergency bailout measures.

Zhang Yang frowned while listening and said, "Should we be more on the safe side, let's back out a little bit first." Seeing Chen Fan and Zheng Xiaopang turning their heads to look over, he said a little nervously, "I mean close the position a bit, just close the position." A little bit."

(End of this chapter)