legendary trader

Chapter 350 Chapter 351
On Tuesday afternoon, the long-lost sunshine finally visited the land of China again, sweeping away the hazy weather of the previous few days.

Chen Fan was sitting on the teahouse outside the tennis court, enjoying the warm winter sun. His whole body was hot. Although the air was still dry and cold, it was a good day to see the sun.

Zheng Xiaopang is now playing inextricably with others on the tennis court. Seeing Zheng Xiaopang rushing to save the ball, Chen Fan felt a sense of joy, and a smile appeared on his face unconsciously.

After sitting for a while, he saw the traders drinking tea together in twos and threes, or exercising on the sports field. At this time, Chen Fan was also in a state of complete relaxation, and he didn't think about what the rice stocks would be like tonight. , who wants to think about those boring numbers all day long.

Seeing that Zheng Xiaopang was finally tired and got off the tennis court, Chen Fan smiled and said, "It's not good for you to be sweating like this, you'd better go back and take a shower before coming out."

Zheng Xiaopang nodded, and suddenly said; "Actually, it would be great if there was a hot spring here. This week I will go to your hot spring to soak in the bar. It seems that you have not lived in that house since you bought it, and you only hired someone there this time. .”

Chen Fan nodded, "Yes, the people hired with the courtyard house this time, if you want to go, just go, tell Li Wu, and he will notify there."

"You don't want to go to bubble?" Zheng Xiaopang sat down with a smile, "I don't have anything to do on weekends, and the landlord didn't go to see the house I bought with money."

"My parents are going to come over this weekend, so I won't go, just stay at home." Chen Fan said with a smile.

"Actually, if you exercise more, what's the use of getting up and running? It's better to play more." Zheng Xiaopang shook his head and laughed.

It was almost 9 o'clock in the evening when Chen Fan and Zheng Xiaopang walked from the tea room to the trading room together.

"I said that you are really stable, and you don't worry about the futures at all." Zheng Xiaopang complained as he walked.

"There's nothing to worry about. The futures are still upside down." Chen Fan replied casually, "Actually, the focus tonight is still on the stock market. Maybe tonight, tomorrow night at the latest, the market may really go downhill."

"Don't make it so scary, anyway, you've done everything possible, so I'm not worried about the stock market falling." Zheng Xiaopang said with a smile, "Maybe falling is not a bad thing, can't you continue to build positions at low positions? I said, did you hit this one?" idea."

"Hehe." Chen Fan just smiled without chewing.

The two quickly walked into the trading room, and the computer had already been turned on by the support staff. Chen Fan looked at the latest Nasdaq futures, which had been trading for a while now.

The Nasdaq futures contract in March continued to open higher, and continued to rise slightly after opening at 3 points. Now it has risen to 2521 points. It is estimated that it is also waiting for the stock market to open, so as to confirm whether the market has really stepped out of the upward trend, so Although the market is rising at the moment, the increase is relatively limited.

Seeing this, Chen Fan's heart skipped a beat, "Maybe it's high again today."

"It's up to you to say, most of them have been driving high lately." Zheng Xiaopang said cheerfully, sitting in his seat, and soon the logistics staff brought up the brewed tea.

Chen Fan glanced at the tea leaves in the cup, "Why isn't it your West Lake Dragon Well Tea, you're too picky."

"Next time, the tea is in the house, so I didn't bring it out." Zheng Xiaopang said with a smile, "This tea is actually pretty good."

Chen Fan just curled his lips and said nothing, but he still picked up the teacup and sniffed it gently.

The two chatted nonsense for a while, and the rice stocks opened at the opening price. The Dow and the S&P both opened slightly lower. The Nasdaq opened 2 points higher at 395.90 as usual, setting a new intraday high.

However, this time the Nasdaq futures did not launch an offensive immediately because the Nasdaq opened higher. Perhaps affected by yesterday's trend, the funds in the futures market today may still be a little worried that the market will adjust after the market opens higher, so this will maintain restraint. It should be I hope that the stock market will take action after determining the direction of operation.

Index futures began to follow the fluctuations of the stock market and lost their directivity. It also shows that there are no large institutions in the index futures market at present, otherwise they would not need to wait for the market trend to determine the direction of operation. Obviously, there are still some small and medium institutions in the index futures market. Fighting in the futures market.

A few minutes later, the market entered into the continuous bidding period. Sure enough, the opening trend was similar to that of yesterday. The Nasdaq index quickly reached 2 points after the opening, and then began to adjust.

The Nasdaq fluctuated all the way down, and some stocks of listed companies with poor performance and low market expectations were abandoned by the market, and the stock prices of blue-chip stocks were supported. Although there were many selling orders, the market price was not suppressed. So although the market is in a state of decline, the rate of decline is not fast.

"Someone should start playing the game of selling high and buying low." Zheng Xiaopang looked at it for a while and said, "In the past few days, the opening fell, and the end of the day pulled up."

"The chance is not good." Chen Fan simply replied.

"The blue-chip stocks haven't fallen, and it's really hard to make a difference in intraday price." Zheng Xiaopang said leisurely after watching the market trend for a while, "Now the market seems to be polarized, and the stocks with good performance are all doing well, at least Very resilient."

"No, if it doesn't fall today, it will fall tomorrow. Small funds should consider leaving the market now. That's what the traders below us should do." Chen Fan glanced at Zheng Xiaopang and smiled.

"But those large-cap stocks are very resistant to falling. Will there be a situation where these stocks will be supported again after falling?" Zheng Xiaopang looked at the large-cap stocks below and said, "The past few days have been like this. These stocks are obviously more sought after by funds today."

"Let's wait and see what the market forces are up to. It only takes two days. We'll find out later." Chen Fan said with a light smile.

The Nasdaq fell slowly, and closed today's gap after more than half an hour. The Nasdaq began to enter a sideways state around 2380 points, but soon Chen Fan and Zheng Xiaopang still noticed that the large-cap stocks that were previously resistant to falling fell again. There was an abnormal decrease in the buy orders below the meeting, which was obviously not due to the reduced transactions. The two looked at each other and knew in their hearts that someone should be canceling the orders.

"I'm afraid something will happen to today's trend. I didn't find anyone canceling the order a few days ago." Zheng Xiaopang said subconsciously, "Why is the move to cancel the order so big? Do you want to cause panic in the market?"

"Who knows, if they want to suppress the market, they will definitely use a lot of means to frighten the buyers. This may be just an appetizer." Chen Fan smiled, "But this time it's a bit big, and several index stocks are doing this. It’s like I’m afraid that others will not know.”

During the conversation, many bellwether stocks in the Nasdaq market began to encounter a large number of selling orders. It has attracted the attention of other parties in the market, and everyone is observing the subsequent development of the market.

Chen Fan didn't know what a large number of buying orders and withdrawals represented in the eyes of other investors, but soon there were corresponding changes in the market. With the decline of some index stocks, other stocks that had already proven their bottom and started to bottom began to fall again. Exploring, the Nasdaq fell below 2380 points.

After falling below 2380 points, the decline rate of the Nasdaq was significantly faster than the slow decline just now. The market quickly fell to 2370 points, but there is not much support here, whether it is technical or market, there is no support here. There was a lot of buying, and then the Nasdaq fell below 2370 points and returned to above the bottom area of ​​2360 points formed before the late pull-up yesterday. The selling orders that continued to enter the market here began to gradually decrease, and the Nasdaq finally organized resistance here. After bottoming out at 2362 points, a small rebound began.

The Nasdaq began to rebound from 2362 points, and the columnar trading volume below has also enlarged to a certain extent. Perhaps a large number of funds that failed to enter the market here yesterday felt that this might constitute the first line of defense in the market, so they chose to enter the market today.

With the slight increase in trading volume, the Nasdaq easily rebounded to 2370 points. It seems that the short-sellers did not plan to attack the market rising here, so the Nasdaq continued to attack, but at this time the trading volume below began to shrink. Although No sellers entered the market to disrupt the situation, but the market still lost its strength to continue rising. The Nasdaq began to pull back after rebounding to 2374 points.

Because there is not a large number of selling orders, the Nasdaq's callback speed is not fast, and it seems that the market is still in the hands of long funds.

However, when the Nasdaq index pulled back to around 2370 points, a sudden change occurred. Short sellers who had not shown any signs of selling before poured a large number of selling orders into the market. With the buy order on the price, the Nasdaq quickly fell below 2370 points, and began to show a slight diving trend.

At this moment, Chen Fan also found that there were not many selling orders in the market, but most of these selling orders were aimed at the buying orders below. Active transactions caused many stocks to fall off a cliff. Obviously, this is another Some people do it deliberately, wanting to further disrupt the long-term forces in the market.

"It looks like it's about to start today. The main force has used a lot of means to suppress the market in just two hours since the market opened. I think other people should find the problem as long as they are not blind." Chen Fan shook his head and said.

"But it's not right. According to you, the main force just wants to continue to wash dishes. Can he scare people away?" Zheng Xiaopang sighed softly, "If it was me, I would not run away, and even consider Where to increase the position."

"Huh?" Chen Fan hummed in surprise.

"Obviously the market is being manipulated, so why run away? As long as there is no explosion, it shows that there are funds fleeing, and there is no need to worry about the current market." Zheng Xiaopang said a little contemptuously: "I am afraid that the main force will throw stones at themselves. It’s too late, I can’t scare people and lose a lot of chips.”

"Are you saying that the signs of their manipulation are too obvious?" Chen Fan also felt this way. Now the market needs a high level of volume to scare off investors and have a chance to clean up the chips. Now this operation does not necessarily lead to anything. Effect.

But what happened in the market soon confused the two of them again. The seemingly scary dive of the Nasdaq stopped abruptly when the Nasdaq fell to 2361 points, because the speed of the decline was so fast that the two of them almost didn't understand what was going on. It is found that the market has accumulated a large number of buying orders around 2360 points, and these buying orders have firmly blocked the market's downward space.

The Nasdaq began to fluctuate within a narrow range again around 2362 points, and the trading volume burst out from time to time, but the buying below the market still firmly sealed the downside, just to prevent the Nasdaq from falling below 2360 points.

"This can't be contradictory, right?" Chen Fan asked in surprise at this time, although he knew that Zheng Xiaopang probably wouldn't be able to tell the result, but he subconsciously said it.

"I don't know, I feel that if your judgment is correct, all the orders in this meeting can only be the dealer's." Zheng Xiaopang said uncertainly.

"They plan to play here, resist for a while and then create a diving trend?" Chen Fan still felt a little weird. There was indeed an abnormal heavy volume at the end of yesterday's trading. At that time, the point was around 2380 points. Today's game is I plan to continue to make volume, and I will not give the above locked-in list a chance to tie the game.

"It's possible, make a bottom out of it, and smash through it later, and you can scare out some chips." Zheng Xiaopang didn't quite understand, and he said, "Maybe that's what it means."

The two feel that the main force in the market is operating too clumsily at the moment, and can such an operation meet expectations?

After the Nasdaq once again resisted the market's selling orders above 2360 points, it consolidated at a low level for a few minutes. When the trading volume began to shrink, the Nasdaq index began to lighten up. Perhaps it was because of the decrease in selling orders. Buyers who entered the market at this time The market has indeed continued unabated, and today’s market seems to be continuing the trend of the previous few days. Although the off-market funds felt a little weird in the market, they still regained their bullish mentality. The Nasdaq began to rise slowly. Although there was no transaction With the cooperation of quantity, the index is also rising.

As new funds continue to enter the market to buy, the bottom of the Nasdaq has become more and more obvious. The bears have hit 2360 points twice in a row, but the results ended in failure. The support of 2360 points has also been recognized by the market.

The Nasdaq rebounded back above 2370 points, but at this time the follow-up buying orders also began to decrease, and soon began to fall again without the support of buying orders.

The Nasdaq began to fluctuate up and down in the range of 2360 points to 2375 points. Whenever the market fell below 2370 points, the buying orders in the market began to increase significantly, and when the Nasdaq rebounded, the buying orders began to decrease significantly. .

The trend of the Nasdaq fell into a dull and volatile market, and there was no support from the top and bottom trading orders. Although the trading volume remained at the middle to low level, as time went on, Chen Fan also began to realize that such a trend had accumulated quite a lot. At this moment, he also somewhat understands the meaning of the market's main force's poor trading.

"The main force seems to want to mislead the off-market funds, thinking that they intend to suppress the market, and the position of 2360 points may be dangerous." Chen Fan shook his head lightly and said to Zheng Xiaopang.

(End of this chapter)