legendary trader

Chapter 338 Chapter 339

When the Nasdaq futures March contract price was still hovering around 3 points, the Nasdaq market index had followed the inertia of the upward rush, hitting a new record high of 2333 points and then began to decline slowly.

With a continuous increase of 30 points, the main market bulls still need to take a break, and the occupied positions also need to be consolidated, although there are not many sell orders entering the market at this time.

Zheng Xiaopang saw that the stock market seemed to be misfired, and it seemed that he planned to make a wave of adjustments, so he began to encourage Chen Fan, "I said, should we also pull up the futures here? Look, the stock market has rushed up." , the premium on our futures side is only a few hundred points, so there should be a premium of 150 to 200 points to meet the market's bullish expectations. Otherwise, the funds waiting to enter the market outside the market may not be bearish because of the direction of the futures market In the market, the enthusiasm for entering the market to do long will not be very strong, after all, the upside of the market is very limited now, and there is no need for people to enter the market to make such a small increase.”

Chen Fan just shook his head when he heard this, and said in a low voice: "Have you noticed, today there are more bullish ones, but fewer negative ones."

After hearing Chen Fan's words, Zheng Xiaopang immediately understood what he meant, "You said most people are waiting and watching?"

"On the first day, everyone was waiting for the main players in the market to move, but today it seems that those big institutions have not made a move, and are also waiting and watching to see the market's reaction. Muddy horses, everyone is waiting and watching. Be careful." Chen Fan thought about it and continued, "To be on the safe side, let's wait for Ha and pull it again, but don't continue until it reaches around 2340, and make it look like we have limited strength to the outside world. After all, we are still a small organization. "

"Huh? That's fine." Zheng Xiaopang was slightly surprised, but still nodded, "Then when will we do it?"

"Let's look at the stock market first. If we can resist the pull, we'll do it. If we don't, we'll find a chance." Chen Fan said without hesitation.

The Nasdaq market adjusted after reaching 2233 points. The index soon fell below 2230 points, and then began to decline continuously. It did not start to gain support until around 2220 points. The market has a tendency to stop falling.

After Chen Fan and the others waited for a few minutes, they saw that there seemed to be signs of stabilization in the stock market, while in the futures market, the price of the Nasdaq futures March contract remained oscillating between 3 and 2332 points, and it seemed to be stable in a short period of time. Lost sense of direction.

Seeing that the support of the Nasdaq is not strong and feels a bit shaky, Chen Fan feels that the market chances are not great today. Unless they fire all their strength, they may be able to support the market, but what is the point of doing so?They don't think they have the strength to dominate the current rice stock market.

"Little Fatty, you just pull it out and withdraw. The market may fall today. Maybe the main force still wants to wash the market. The stock market is likely to fall." Chen Fan said to Zheng Xiaopang solemnly, " Don’t wait, it’s not good to pull the futures after it really falls, then our long actions will be too conspicuous, and it’s hard to guarantee that others won’t come and check us.”

"Okay, then I'll start pulling it up." Zheng Xiaopang nodded in agreement and started placing the order.

According to Chen Fan's intention, Zheng Xiaopang made several double-digit multi-orders in a row against 2235 points, stabilized the March futures contract at 3 points, and then continued to attack upwards. This time he was very rhythmic, yes Follow the empty orders hanging above to sweep up, and basically keep pushing up the price at 2235 per minute.

The futures index still rose slowly, and the short sellers did not make any big moves during the period. They were still on the sidelines. There is not much trading volume in the market, but Chen Fan still noticed that the open interest in the market is increasing significantly at this time, which is basically the same as the current trading volume. Obviously, there will be no liquidation orders, and they are all newly opened short positions. market.

However, it is clear that the rise of the Nasdaq futures has not brought any vitality to the stock market. The Nasdaq market is still showing a weak adjustment trend, and has not strengthened with the rise of the futures market. This trend is not beyond Chen Fan. He did not expect that, and he did not expect that this symbolic increase in the market would cause any strong reaction from the stock market, it was just a show.

After Zheng Xiaopang pushed the Nasdaq to 2341, Zheng Xiaopang still seemed to be hesitant. He didn't take a look at Chen Fan's side, because what Chen Fan said before was that he could let go after reaching this point, but Zheng Xiaopang seemed to be hesitant. Still want to keep going up.

Chen Fan is also a little annoyed at this time. The Nasdaq futures have already reached 2340 points, and the empty orders in the market are still the same, and have not been significantly enlarged. If the market is put down like this, it seems too contrived. I became a little irritable.

Seeing Zheng Xiaopang glance at him from time to time, and at the same time slowing down the movements of his hands, Chen Fan understood Zheng Xiaopang's thoughts in his heart, "Keep pushing. Now that the empty order has not been enlarged, it seems inappropriate for us to let go."

Zheng Xiaopang nodded when he heard the words, "I also think it's inappropriate to stop now, at least we have to wait for the short sellers to make a little effort before we can retreat, otherwise this appearance is a bit too much."

"Well, I think the stock market seems to be unstable. Maybe when the stock market falls again, the short sellers will start to step up their actions. At that time, it will be more logical for us to go down." Chen Fan nodded and said, "Today's market performance is too bad. Now, the main force will not come out."

Zheng Xiaopang began to slow down the speed of placing orders, and only set a price up from time to time in order to keep the rising graph, and this time on the Nasdaq market, although the index was faltering, it just didn't fall below 2220 points. It seems that it is about to fall, but it looks like it can't go down. Under such a trend, Zheng Xiaopang will suffer a bit. If the stock market does not fall, he can only slowly push up the Nasdaq futures. At the top, he found that the empty orders entering the market began to show signs of shrinking.

Chen Fan also noticed this situation, and he was a little confused about what was going on in the market, and he was a little undecided.

In this way, the market fell into a dilemma. Zheng Xiaopang also pushed up the Nasdaq futures March contract to around 3 points. At this time, the empty orders above began to no longer shrink. With the posture of heavy volume, Zheng Xiaopang did not want to wait. The stock market has fallen, so I put up some long orders around 2351 to resist, and no longer continue to attack upwards.

Zheng Xiaopang finally found a way to stop trading high Nasdaq futures. As the empty orders from above kept popping up, Zheng Xiaopang also began to gradually lower the transaction price, acting as if he was powerless to resist. At that time, the long funds on the Nasdaq market finally couldn't withstand the continuous selling orders, and the Nasdaq began to decline rapidly. After falling below 2220 points, it quickly fell below 2210 points in a diving posture, and the index fell rapidly. At 2203 points, the decline was barely stopped, and the Nasdaq began to rely on 2200 points to start a shocking trend, digesting the selling orders above.

Seeing the decline in Gushi, Zheng Xiaopang didn't get angry. When he barely maintained the market, the stock market didn't fall, and he finally felt the itch of the short position, and the short position began to increase. Edge also dived.

"I said, should I withdraw some of the orders that were put out earlier? The stock market crashed, and I also drew out the empty orders." Zheng Xiaopang said to Chen Fan, he was a little uncertain about Chen Fan's thoughts, Logically speaking, it should be possible to cancel the order now, but thinking that Chen Fan has always wanted to expand the long order, he opened his mouth to ask one more question.

"Let's withdraw a few. I think the stock market is not looking good, and these short orders may be dropped." Chen Fan nodded and said, "It's money to drop a few points, don't want it for nothing."

Zheng Xiaopang hastily withdrew one order at 2349 and 2348 points, and only kept one double-digit multi-order order at the following prices, watching the short sellers in the market start to exert their strength, taking advantage of the opportunity of the stock market falling Suppress the Nasdaq futures.

The Nasdaq futures also began to fall slowly. Perhaps it was because the stock market had just had a sell-off, so the shorts on the futures index were also encouraged. The short positions for opening positions continued to appear, and the Nasdaq was soon smashed back to around 2340 , The trend of empty orders smashing the market has not weakened in the slightest, and it seems that they intend to take advantage of this opportunity to smash the bulls on the ground in one fell swoop.

Chen Fan is only using small orders to resist. Zheng Xiaopang will occasionally enter two small and long orders in a row to make a show, but the orders are not too large. In short, the trend of the Nasdaq futures market will give people the feeling that they are bulls. Insufficiency and limited strength have begun to show signs of decline.

With the weakening of the stock market and the futures market, the popularity of the market began to slacken, and the bulls also began to put their tails between their legs and dare not show their heads at this time. They had no power to fight back.

"Today is a little bit bad." Zheng Xiaopang looked at the trend of the stock market, combined with the current Nasdaq futures market, he began to feel that the market today is serious and a bit dangerous.

"It's not a big problem. It seems that today's big institutions don't intend to end operations at all. We just look at the current market capital movements. In fact, it seems that we shouldn't start. We should wait and wait until they make a move and beat the side drums. "Chen Fan said with a wry smile, "At first, I thought it would hit a new high in the late trading today. It seems that the stock market can keep 2200 points. It's good, and our futures side can only make a small list. , We will take away all the orders below 2310, and you can also take away the above ones, so as not to make the board look too ugly."

"Then let's put our flags to rest?" Zheng Xiaopang said a little uncertainly, "If the market is really taken down by short sellers, our position will be quite large, and we will lose money at that time."

Before Zheng Xiaopang finished speaking, Chen Fan waved his hand and interrupted: "It's not as scary as you said, the rice stock market is definitely going to rise, but today the main force seems to have no end, as I said earlier, maybe they are also observing The sentiment of the market, if the market is really bad, I guess the main force will start to activate tomorrow at the latest, otherwise if the market sentiment completely turns to the bear side, then we will definitely not lose the most, hehehe"

Seeing Chen Fan's forced smile, Zheng Xiaopang just curled his lips and said nothing. Although he didn't understand why Chen Fan insisted on bullish rice stocks, but based on his undefeated myth, Zheng Xiaopang felt that he was still not qualified to question it. Yes, if you have any questions, you can raise them, but in practice, Chen Fan's opinion is still the main one.

Zheng Xiaopang only placed several long orders in a row to support the market after the Nasdaq futures fell below 2310 points, and did not continue to attack upwards. He just maintained the sentiment of the bulls in the market.

In the stock market, the bulls only defended the market around 2200 points. Although they were pierced by the shorts twice during the session, they all held up the index strongly. It is a sign of high, but obviously, the bad trend of the market today has greatly dampened the sentiment of the bulls. Although there are funds to continue to push up the large-cap stocks, there are also a large number of selling orders at this time. Although there are signs of heavy volume in the late trading, but The corresponding index showed a trend of heavy volume and stagflation.

"Today's bulls have no rules at all, and I don't know where there are so many shorts at this time, and there are still people selling a lot of stocks." After the market closed, Zheng Xiaopang said a little sullenly.

"It's not bad. I saved 2200 points. I was shocked when I fell from 2215 at the end of the day. I thought I couldn't stop the pass." Chen Fan just smiled, "I don't have anything in the second half of today. Looking forward to it, I just hope to keep 2200 points, the stock market is so-so."

"What about the futures side? We are doing well, but the stock market is not cooperating, and they are too weak." Zheng Xiaopang thought that he had been long, and pushed the Nasdaq futures from below 2300 points to today's high point , almost dominated today's Nasdaq futures trend, but why do you feel so uncomfortable? Maybe it didn't stick to the end.

"I'm a bit regretful about the futures, we shouldn't make a move." Chen Fan shook his head when he heard Zheng Xiaopang talking about Nasdaq futures, "But it's nothing, just wait two days for us to change positions, I'm not afraid they will miss you .”

"Don't make any moves on your side, just keep the market stable above 2310 points." Chen Fan did not forget to add, "There is still a while for futures to close, so let's not make any moves. The stock market is not good. At this time, if you do it sharply upwards, it will be easy to be noticed.”

"You still want to open a long position. Today's trend is good. I listen to you. We are still long." Zheng Xiaopang continued to enter a few long positions from time to time to maintain the Nasdaq futures, which continued to decline due to the pressure from short positions, and finally closed at 2312 point.

After a night of trading, the Nasdaq Index finally closed at 2 points. A cross star with upper and lower shadow lines appeared on the K-line chart. As for what this cross star represents, it can only be seen by the benevolent and the wise.

The stock market has already closed, and in Shencheng Jinxin Building, because it is the first trading day of the year, Chinese people value a good start, and transplanting to the United States should be a green start, so Mr. Li is still sitting on the sofa in the core trading room I paid attention to the stock market online, and did not go home from work as usual.

"What do you think of today's trend?" Mr. Li asked Xiao Yang who was sitting beside him.

(End of this chapter)