legendary trader

Chapter 131 Short Squeeze (for Subscription Support)

At 9:[-] p.m., the U.S. stock market opens.

Due to the sudden force of short funds at the end of yesterday to suppress the end of the day, today's stock market opened lower yesterday after opening at 1572 points, rebounded slightly and dropped to 1543 points again, and then began to fluctuate within a narrow range above 1550 points .

For this opening, Zheng Xiaopang was mentally prepared for the possibility of adjustments because of what Chen Fan said. He didn't panic, but began to think about whether to turn on the fund-raising robot to accumulate funds again.

Thinking of this, Zheng Xiaopang said to Chen Fan who had been watching the changes in the market, "Xiaofan, let's drive a robot to attract goods. Now that the price is back to yesterday, it is an opportunity to attract money."

Chen Fan frowned and said, "Let's take a closer look at the situation, now we have quite a lot of positions."

Zheng Xiaopang shook his head and said: "We've only used more than 5 million credits to earn more than 1 million. The remaining 4 million credits are not wasted. Let's absorb more now. If there are adjustments, we will buy more and more. Just build up positions slowly.”

Chen Fan smiled wryly: "Now this is not like the double dip I imagined. There should be a rebound later, but I don't know what point the rebound will reach."

Zheng Xiaopang got more excited when he heard it, and said: "Since we are going to continue to rebound, let's start accumulating money now. After the rebound reaches 1, we can slowly sell it out. It would be great to make money back and forth."

After thinking about it, Chen Fan thought it was feasible, so he said, "Well, let's use the settings last night to open a position and accumulate money."

Zheng Xiaopang smiled and shouted: "Okay, let's start to attract money."

After speaking, he turned on the computer next to him, connected to the trading system, and clicked on the program start button. Trading orders began to be issued, and small purchase orders began to enter the market and be traded.

Chen Fan stared at the transaction for a while, the transaction order was normal, and there was no error. He felt that the program design was not bad, but it was a bit painful to set only one setting for each program, or buy more sets of programs and set more than one. Setting, otherwise you can only temporarily compile settings as needed. It would be great if you can store more settings in one set of programs, just click on that if you need it.

Chen Fan thought it was a good idea, and planned to go back to Xiao Lu and the others to talk about it and assign the task.

Since the government has not released substantial good news for a long time, and the market seems to have stabilized and rebounded, many off-market funds feel that the follow-up opportunities may not be great, and they have withdrawn their continuous tracking of rice stocks. Today's trading appears to be very light, and there is no scene of fierce confrontation between long and short in the early stage.

The Nasdaq market has been fluctuating between 1550-1565, without any trend.

The dull market knew that it was broken at 2 o'clock in the morning, and the main force of the bulls began to attack upwards. The bears found that the bulls attacked violently and did not resist. In fact, the bears have been covering their positions. Shrunk sharply.

This round of main force pulls up very violently. Chen Fan and his fund-accumulating robots closed after the Nasdaq index rose to 1590 points. They no longer continue to increase their positions and buy, but are going to choose to actually sell some of their chips. Sell ​​high and buy low.

Although Zheng Xiaopang and Zhang Yang were not very sure about Chen Fan's judgment, but based on Chen Fan's habit of accurately judging the market trend, they had no reason to object.

The Nasdaq index was pulled up all the way to 1620 points before it stopped rising, and then began to adjust again.

Chen Fan said with a smile: "It seems that the bulls don't intend to make it easy for the shorts to quit, but also want to force them, haha"

Zheng Xiaopang asked suspiciously: "What do you mean?"

Chen Fan pointed to the computer screen and said: "This wave of upswing, I guess the bulls want to annoy the shorts, and they don't want to let them slip away so easily. I guess if the shorts quit now, [-]% of them will lose money."

Zheng Xiaopang nodded after thinking about it, "Yes, the main transaction is below 1500 points, and there are some transactions above 1800 points, but it can't make up for those losses. Will there be some shipments later?"

Chen Fan didn't answer, but looked at Zhang Yang. Zhang Yang had been watching the market all night, but he didn't express any opinions. Chen Fan felt that he should listen to Zhang Yang's opinion first.

Chen Fan said to Zhang Yang, "Yangzi, what do you think?"

Zhang Yang was surprised when Chen Fan asked his opinion, and said with a smile: "I don't have any opinion, just do what you want, anyway, you haven't missed it yet, I believe you."

Chen Fan laughed and said, "That won't work, the three cobblers are better than Zhuge Liang, the three of us had better be honest about our opinions before making a decision."

Zhang Yang looked back at the market operation and said: "I think the bears still don't seem to be resisting. A few people Xiaofan said that the bulls may still want to use the bears to wash the market. If the goal is not achieved, there may be further stimulating actions, such as continuing Pull up."

Zheng Xiaopang clasped his fists to Zhang Yang and said, "God Zhang shares the best opinion."

Zhang Yang also clasped his fists in return and said, "You're welcome."

The three laughed again.

After laughing, Chen Fancai said: "Zhang Yang probably got it right. It's a bit similar to what I thought. It is estimated that there will be a wave of rise before the market closes. We will wait for the bears to counterattack next week."

Zheng Xiaopang then asked: "Then shall we hit the end game or not?"

Chen Fan shook his head and said with a smile: "No, we won't operate today, we will pull it up next week before throwing it out. I estimate that after this round of washing is completed, the subsequent market may be relatively large. The accumulated chips have to be concentrated and sold."

After listening to Chen Fan's words, Zheng Xiaopang switched to the Nasdaq index chart, and asked Chen Fan after a long time: "Do you mean that the rise in the past few years is a continuation of strength, that is, the rise of wave A, and the adjustment of wave B now?" , the C wave is about to rise? Is this A wave too long? How much strength does it need to accumulate?"

Chen Fan said with a smile: "The number of waves is usually seen more clearly after you come out. I can't draw a conclusion now, but I just think that if the market starts this time, it will be very powerful. The chips accumulated over the years must be concentrated. , It is impossible to get out without a huge increase, and it needs a lot of good news support to get out of such a market.”

Speaking of which, Chen Fan shrugged and said, "In fact, I also have doubts about my guess. It's really a bit unreliable. Let's take it easy. When the time comes, we'll see what happens."

Half an hour before the close, the market bulls really started to pull up the market again. The Nasdaq index was pulled up all the way, and finally closed at the highest point of the day at 1680.43 points, closing a bald and big positive line with a negative line. The chart shows the strength of the bulls. Although the bears in the market have resisted, it is completely useless, because a lot of market funds have been on the side of the bulls in the early stage, and most of the off-market funds have not continued to pay attention to the stock market at this time. Come more bull funds hunt them down.

This week's turbulent market ended with the excitement of long institutions and traders and the collapse of short institutions and traders.

(End of this chapter)