legendary trader

Chapter 143 The Bloody Massacre Begins (Thanks to all friends who subscribed and voted for recommendations)
(Thanks to Ya Kun\Lao Jinmo/book friend 141009100251089 for the monthly pass and Pisces cat/PM_chen for the tip)
The pre-market trading of rice stocks showed that the market sentiment was obviously bearish, which made Chen Fan even more worried about the market outlook.

At 9:30, the U.S. stock market opened on time, and the Nasdaq market gapped and opened at 1591.17 as no surprise. Domestic funds are unwilling to intervene in the market prematurely. With the lack of trading volume, the upward market only lasts until the gap is closed, and then stops abruptly.

Chen Fan has no plans to make a move tonight. The current position is more suitable. Nearly 8 empty orders effectively avoid the risk of market decline. Therefore, Chen Fan will not take any action until there is no bottom feature.

After the market closed the gap, it started a round of rapid decline. It is obvious that today the short sellers in the market began to suppress tentatively, trying to attract the long funds in the market to enter the market to protect the market, so as to judge the strength of the main bulls in the market based on this. Determine the operational direction for the next action.

The smoothness of the decline was beyond the imagination of the bears in the market. The bulls in the market did not organize effective resistance, and the crazy decline was almost completely unresisted. The Nasdaq index quickly fell to 1511.15 points before rebounding slightly, and the market remained at 1530 point nearby.

Faced with such a weak performance in the market, the bears in the market were overjoyed, while the bulls began to panic, which also surprised other investment institutions and traders who were watching from the sidelines. The short-selling momentum seems to exceed the previous short-selling institutions, and the market outlook is very bad, but I did not expect the market to be so weak.

And the three people in Chaofan Investment were also discussing the market situation intensely. Chen Fan never expected that the market would fall to around 1500 points so quickly, and the main bulls who pinned their hopes on it were completely gone.

After discussing for a long time, Zheng Xiaopang still insisted on his own analysis and judgment, and said to Chen Fan and Zhang Yang: "The last time the market was able to pull up, I don't think it was the credit of the main bulls in the market at all. There is nothing in the market. The main force of the bulls. In fact, it was driven by our insistence on long positions below 1 points, and we are the so-called main force of the bulls.”

Chen Fan also insisted on his own opinion, saying: "Don't think too highly of yourself, our little funds can't fight against the shorts, there must be longs' funds, otherwise the market can't go up for several years. As for why It hasn’t come out now, but I still think it’s a bullish market, as I said yesterday, looking at today’s market, the bulls should be planning to make a second dip, wash the market repeatedly, and consolidate the bottom.”

Zheng Xiaopang also said tit for tat: "Chen Fan, think about it carefully, what are we doing for the first time? When we hit the market for the first time, there was no resistance. It was because we turned around at the end of the game to reach 1. There was resistance at 5 points. After falling below [-] points, we were the ones who built positions below. It is estimated that our actions made other funds in the market mistakenly think that there is a main force of bulls, so it is best to swarm up the market and crush the short positions. .”

Zhang Yang watched the two go from discussion to heated argument, and now they can't stop arguing. He felt that this could not continue, so he said, "Stop arguing, and if you have an analysis opinion, talk about it. This drop is abnormal, but Chen Fan Yesterday, I also analyzed that the bulls may plan to wash the market again, so far, I still can’t see the place to get rid of the speculation of washing the market, let’s wait and see if Chen Fan said yesterday that there may be a second dip.”

Zheng Xiaopang sat there for a while before he said: "Then if the market falls below 1, do we need to enter the market and build a position?"

Zhang Yang stopped talking after hearing this, Zheng Xiaopang obviously meant that if we enter the market and build a position, the market may think that the main bulls are dispatched again, and the two had been arguing about it before.

Chen Fan knew in his heart that Fatty felt that he had lost a lot of profits by preventing Zheng Xiaopang from chasing short positions several times. Fatty seemed to like to make short money, and Fatty was a little unhappy because of his own blocking.

But today the bulls in the market have little resistance, which made the fat man think of shorting again.

Chen Fan now actually feels that it is necessary to test the bulls in the market, so he interfaced and said: "Simple, we will wait and see until the market stabilizes, and do not enter the market. This way we can know whether the main bulls in the market exist."

Seeing what Chen Fan said, Zheng Xiaopang felt that he would lose a lot of profits if he didn't sell short now, so forget it, just wait and see what happens.

Thinking of this, Zheng Xiaopang nodded and said, "Okay, let's see if the previous lows can be effectively supported. It's a pity that the market has fallen this time."

Chen Fan felt a little speechless. Damn it today, the market is actually like this, it's completely free fall.

Shortly after the debate among the three people stopped, the bears in the market began to press down again. This time, the bulls in the market also began to enter the market to protect the market to varying degrees. The Nasdaq index fell to 1500.60 before it stopped falling, while the Nasdaq Futures have fallen below 1500 points, seeing a low near 1490 points.

The Dow Jones Index and the S&P Index were obviously also shocked by the crazy decline of the Nasdaq Index, almost copying the trend of the Nasdaq Index, but the decline was slightly smaller.

But this time after dropping to 1500 points, the market bulls were more aggressive in protecting the market. After the shorts temporarily stopped suppressing, there was a sharp rebound. The Nasdaq index rose to 1577.87 points in one breath, and then the shorts made another effort Under the quick callback.

When Zheng Xiaopang saw the sharp rebound in the index, he nodded his head and said, "The bastard is so powerful?"

Zhang Yang chuckled and said, "The market is still bullish and the main players."

Chen Fan looked at it for a while and said suddenly: "This is not driven by the main force of the market. The stock rise is very scattered. It is more likely that the index rebounded caused by the small bulls protecting the market."

Zheng Xiaopang regained his energy when he heard this, and said, "Look, I said that there is no main force of bulls."

Chen Fan rolled his eyes at Zheng Xiaopang and said, "I mean this rally was not caused by the main force of the market, but by the small bulls. It doesn't mean that there is no main force of the bulls. There is a big difference, okay?"

Zheng Xiaopang said: "Regardless of whether there are main players or not, I think now is the opportunity to sell short, and the market will definitely fall."

Chen Fan said helplessly to Zheng Xiaopang: "Brother Fat, stop promoting your analysis, let's make an agreement, wait and see."

Zheng Xiaopang could only shrug his shoulders at Zhang Yang and spread his hands.

Zhang Yang only laughed on the sidelines, and when he had laughed enough, he said to Zheng Xiaopang: "I know you are arguing that there are no main bulls in the market because you want to be short. Well, wait and see."

It didn't take long for the three of them to calm down, and the suppression by the short sellers completely swallowed up the rebound space of the long fund organization on the floor, and the Nasdaq index was once again suppressed to around 1500 points.

As the soldiers approached the city again, Chen Fan began to feel a little scared. The market shouldn't be like this in his expectation. If the current market continues, Chen Fan knows that 1500 points may not be able to hold.

(End of this chapter)