legendary trader

Chapter 157 is Technical Adjustment

(Thanks to An Zhiqianmu/I’m here, I’m fucked/Ahaifa Fa Satan Fa/Yang cx/Bingyue Xinkong’s monthly ticket support, Pisces cat’s reward)
Hearing Zheng Xiaopang's question, Chen Fan thought about it before saying: "Today's market doesn't look like a counterattack by the bears, but a bit like a technical adjustment. It was a bit ruthless yesterday. I need to take a breath and look again."

After hearing Chen Fan's words, Zheng Xiaopang felt a little relieved, although these words were the same as what Zhang Ping said.

When the time passed by 12 o'clock in the morning, the trading in the market began to become active. Obviously, the short sellers wanted to test the market's carrying capacity, and carried out a small suppression. The index fell step by step. In the gradually enlarged trading volume , the Nasdaq index fell below the 1500-point mark.

Affected by the decline of the Nasdaq, the Nasdaq futures showed a slight diving trend, but it began to consolidate around 1520 and no longer fell with the market index.

The Dow Jones index and the S & P index have not been significantly affected, and they are still in a sideways state.

After the Nasdaq fell below 1500 points, there was no panic scene that short sellers hoped to see, and the buy orders below began to increase instantly. The index only fell to 1496.59 points before rebounding, and was soon pulled back to around the 1500 point mark.

Obviously, the main force of the market has been watching every move of the market. When the short sellers want to attack again, they first take action to stabilize the index futures market, and then maintain the stock market.

When Chen Fan saw this, he said to Zhang Yang: "Yangzi, activate the trading robot to buy stocks, just collect money."

Zhang Yang can also see that the probability of the stock market falling is not high. It seems that the main force of the market has taken action to protect the market. It should be to clean up the profit below 1400 points. It is a technical adjustment. Now that he heard what Chen Fan said, he got up and walked to the side to start the computer Automated trading by robots.

Zhang Ping was not familiar with this thing, so he came over to watch Zhang Yang's operation with great interest.

Chen Fan and Zheng Xiaopang looked at each other and laughed.

Chen Fan said to Zheng Xiaopang: "Zhang Ping is similar to you, he still likes to play."

Zheng Xiaopang rolled his eyes and said: "Don't you, when you first got the robot, you were very happy to play."

After thinking about it, he asked again: "Xiaofan, do you think the market in the United States can really go up to the end of the year like in previous years? Isn't it going to reach 1900 points?"

Chen Fan looked at the board and said: "I think it should be. This time the market's main dealers are very wild. You can see it from this dishwashing. It's too dark, both long and short kills, my fat brother."

While talking, he moved the mouse to the daily chart, switched to the weekly line to stretch the long-term period, and then continued: "This market has been brewing since three years ago, but it is only a small increase, and it rises every year. Two waves, it stands to reason that this year will be no exception. The only difference is that the adjustments in previous years are not as severe as this year. I don’t know if there is a big move, so we have to keep an eye on it.”

Zheng Xiaopang nodded while listening, and felt that Chen Fan's fortune-telling was very accurate, so he answered the question and asked: "Then where do you think the high point of next year will be? Do you speculate based on the growth rate of previous years? Or is there something else to say? ?”

Chen Fan shook his head and looked at Zheng Xiaopang and said: "Next year's increase may far exceed that of the previous few years, and this year's market washing is a bit ruthless. For example, you entered the market before, regardless of whether you were long or short, but this time you were wiped out by the dealer, and now the market is pulling up." Now, do you still dare to pursue immediately?"

Zheng Xiaopang said without hesitation: "Of course I chased after it. I'd be a fool if I knew it was going to go up."

Chen Fan said with a look of resentment: "I mean you don't know if the market is going to rise, and you can predict whether the market will rise or fall. You first use your acting skills to put yourself in the role of a person who has suffered heavy losses in stocks. Do you dare to chase after it?"

Zheng Xiaopang touched his smooth chin with his left hand and pondered for a long time before he said, "Maybe we need to wait until we know the direction of movement before we dare to enter the arena again. After all, once bitten by a snake for ten years, I am afraid of well ropes."

Chen Fan clapped his hands and said, "That's right. I guess that's the mentality of the funds in the early stage. When the banker pulls up, no one will grab it, which will create a good opportunity for him to attract money at a low price. You can eat whatever you want, eat If you have enough, continue to pull up, and everyone will see, oh, it is going to rise, and you will lift the sedan chair when you go in."

Zheng Xiaopang suddenly said: "Your words are so familiar, how do you mean the same as your original explanation of the Greenfield shares? If everyone doesn't believe it, I pull it, and if you believe it, I throw it at you. Psychological warfare?"

Chen Fan nodded and said: "I understand that being a banker is actually playing psychological warfare with retail investors. When the position is low, it is scaring, and when it is high, it is coaxing. The uglier the low position graph is, the better it can attract people to sell; The more attractive the graph is, the better it can attract people to enter the market. The best ascending channel, ascending triangle, as long as you can make good graphs, you can use them all, and I don’t believe you can’t attract retail investors.”

Zheng Xiaopang also became a little stubborn, so he said: "What if you still can't attract? Then how can we fix it?"

Chen Fan picked up a cigarette from the table and lit it, took a deep puff, looked at Zheng Xiaopang and said, "What I said earlier was about technical matters, and you have to throw out some news from time to time during the process of pulling up, to bombard you." Retail investors. But this news can’t be too much, it’s better to let the people who pay attention guess randomly, and the difficulty of pulling up will increase if there are more participants, because the market liquidity will become uncontrollable. Only when the goods are shipped, they will be bombarded with good news on a large scale.”

Taking a deep breath again, he said, "If this doesn't attract anyone to take over the offer, then it's Lu Tian's practice. If it makes him doubt his life and makes him a popular stock in the market, there will always be people who are serious about gambling. But so You have to be prepared for the back road, it is easy to overturn, of course, those who can do it are those who have capital, and if you don’t have capital, you can’t do anything."

Zheng Xiaopang looked at Chen Fan suspiciously and said, "Is that what you plan to do with the Bodao shares?"

Chen Fan shook his head, "No, I think Bodao shares are not bad. Although the current performance has declined sharply, it is still not irreversible. And I believe more and more that it will launch a new project, which is mobile phones, or else the southern department Why did you enter the venue? Old Liu also said that that organization is terrible."

Zheng Xiaopang curled his lips and said, "You dare to touch the tiger's whiskers if you are so powerful, and if you want to be a banker, what else do you do?"

"That's why I said that I want to rob it. I haven't figured out how to rob it. I'll talk about it later." Chen Fan replied with a smile.

As soon as he spoke, the Nasdaq index began to turn from sideways to a slight upward trend, but the rising speed was not fast. Chen Fan estimated that there would be nothing to watch in the short term, so he picked up the teacup on the table and drank, saying: "Wine is nothing. Good stuff, my mouth is very dry after drinking too much."

Zheng Xiaopang turned his head to look at Chen Fan and said, "You are the boss now, you need to practice your drinking capacity."

Chen Fan chuckled and said, "I don't practice anymore, I feel uncomfortable if I drink too much, besides, there are you and Zhang Ping. I suspect that your drinking capacity may not be as strong as Zhang Ping, Sao Nian, you still need to work hard."

(End of this chapter)