legendary trader

Chapter 352 Chapter 353
After the Nasdaq fell below 2340 points in an instant, the downward momentum did not slow down, and continued to decline rapidly. The market had almost no resistance, and soon fell below 2330 points.

Maybe today's decline is relatively large. With the rapid decline of the market, the bulls in the market have been suppressed out of breath, and there are not many buy orders below that can be traded. Under such circumstances, some investors who are ready to reduce their positions I had no choice but to give up the market for the time being, and the Nasdaq reached a weak balance around 2326 points, and the Nasdaq began to rebound in shock.

This time the rebound was exhausted, and the Nasdaq didn't even rise to 2330 points, so it couldn't hold on.

2 minutes before the close, the short-term funds who turned bearish once again smashed out the chips they held in their hands. They wanted to leave the market. Although they lost a little, once they found that the market direction was wrong, timely stop loss was their first priority. Operational imperatives.

The Nasdaq once again experienced a rapid decline before the close, and soon fell below the low point set a few minutes ago. In the end, the Nasdaq closed at the second low of the day at 2, plummeting 320.75 points, or 64%. The lowest point is 2.68 points.

The slump of the Nasdaq also had a huge impact on other stock markets. When the Nasdaq fell below 2360 points, the other two major indexes successively showed a trend of breaking positions, but the speed of decline was not as fast as the Nasdaq. After all, no matter the cumulative gains There is still a certain gap in market capital.

On the Nasdaq futures, the decline in September and December contracts is relatively limited, because not only is there less capital involved in forward contracts, but the market is not optimistic about the market in the second half of the year. The June contract fell more, but relatively Compared with the March contract, which is the main contract in the current market, it is much better.

When the Nasdaq fell below 2360 points, the March contract of the Nasdaq fell sharply along with the stock index, and the decline even exceeded the decline of the stock index.

The Nasdaq plummeted directly from around 2500 to 2460 points. With the second breakout, the Nasdaq directly fell below 2420 points. However, when the Nasdaq fell rapidly at the closing stage, it was close to the closing time, so the March contract did not appear to follow The downward trend, but when the Nasdaq market closed, more and more investors in the March contract were bearish on the market. At this time, the short funds had completely controlled the market. After the Nasdaq had closed, the March contract finally started again. A diving trend was staged, the quotation directly dived from 3 points to 3 points, and rebounded slightly at the closing stage, ending the whole day's trading at 3 points, with a sharp drop of more than 2430 points.

External trading room.

The man in glasses couldn't hide his excitement as he watched the Nasdaq futures contract plummet in March. He hoped that the market at the beginning of the year would end like this, and that labor and capital would turn around.

在纳指期货3月合约暴跌后，眼镜男果断在2453点加仓了50手空单，现在他手里拿着100手纳指期货3月合约的空单，现在的持仓成本在2474点。

When the contract fell below 3 points in March, the man with glasses wanted to close his position and enjoy the fruits of victory with peace of mind. However, when he heard that other colleagues were still struggling and planned to wait for the market to make a choice tomorrow, the man with glasses hesitated , he chooses to continue to hold empty orders, and is not in a hurry to close the position. Since he has made opponents with most of the colleagues in the group, he will continue to bet against each other to see who is the last one to laugh.

With the end of the futures trading, most of the colleagues in the group have left, and only a few team members who are still operating other markets remain in their posts.

The man in glasses has also put aside the index futures and focused on the spot gold market again at this moment, and it is still rising. I didn’t expect the recovery to be so strong. If I knew it, I should have placed long orders at a low level. It was all a waste.
On Wednesday afternoon, Chen Fan took a nap, got up and went to the tea room after lunch. He made a pot of tea and sat down with two newspapers and magazines to pass the time. It was easier to think about problems in such an environment. In fact, the news in the newspaper Just look at the title.

Not long after Chen Fan sat down here, Zheng Xiaopang came looking for him. Seeing that Xiaopang didn't stay in bed, Chen Fan felt a little surprised, "Why didn't you sleep more? You are so energetic in the early morning, so you shouldn't be sleeping late. ?"

Zheng Xiaopang waved his hand and looked around. The seats of other traders were still far away. He opened the chair and sat down, waved his hand, motioned for the waiter to bring tea, and then whispered to Chen Fan: "Zhang Yang made a phone call earlier. I came over and said that Lao Liu found out the news that Bodao’s performance increased by more than [-]% last year, mainly because of the shrinking of the pager, otherwise it is possible to double the profit.”

"That's a good thing." Chen Fan said with a smile after listening, "It is estimated that there will be a significant increase this year, and we should be able to continue to hold it."

"It's more than 20 yuan, do you still want to continue to hold it?" Zheng Xiaopang said a little surprised, "Zhang Yang means that he intends to withdraw after the release of the annual report. According to your intention, do you plan to continue to cover it?"

"Take it, there is no need to retreat for the time being. This industry should only start, and it should be several years before it can enter its heyday. There is no need to get off now."

Chen Fan put down the newspaper in his hand, lowered his head and thought for a while before continuing: "If there is funds to increase shipments during this period, we can ask Zhang Yang and the others to cooperate, and we can also go a little easier, and find opportunities to cover positions after callbacks. It’s not a fixed lock-up, but you have to do it if you have the opportunity to do it. By the way, when will the annual report be released?”

"It seems to be the beginning of March, it's still very early." Zheng Xiaopang thought about it.

At this time, the waiter also brought tea, and Zheng Xiaopang nodded at the little girl with a smile on his face.

After the people left, Chen Fan looked at Zheng Xiaopang and said, "Your smile is a bit vulgar, you'd better smile less in the future."

"I'll go." Zheng Xiaopang scolded with an unhappy smile.

At almost 9 o'clock in the evening, the two walked into the trading room talking and laughing.

Entering the room, Zheng Xiaopang became unhappy, because the Nasdaq futures rebounded slightly on the opened computer screen, and the March contract price had risen to 3 points, an increase of 2412 points.

"The futures group has shorted about 2 empty orders in total. Why are you so excited?" Chen Fan didn't pay much attention, thinking that Zheng Xiaopang cared too much about that little market change.

"The stock market may rebound today, but it fell too hard yesterday." Zheng Xiaopang said with wise eyes, "The futures index has pointed out the direction for the market rebound."

Seeing Zheng Xiaopang's pretentious behavior in front of him, Chen Fan stuck out his tongue and ignored him. He changed the subject and said: "The information given by the intelligence office said that a large number of external institutions have begun to be bearish on rice stocks. It should not be wrong to say that today's futures index This way."

"That's right, it should have fallen sharply." Zheng Xiaopang also reacted, and he also read the information sent in the afternoon, so he was looking forward to tonight's market. Although they are still big, they should do air conditioning properly Not bad at all.

"The trading volume of the futures index is relatively small. I don't think there are many people participating in the market. At least the stock market will be very cold before the market opens." Chen Fan said after looking at the March contract for a while, and looked up at the transaction data. , At this moment, the futures team is still continuing to open short positions on the March contract, but because there are too few buy orders, they can't open large positions and short positions, so they can only make small orders.

Following Chen Fan's gaze, Zheng Xiaopang also noticed the movement of the futures team, "Before the situation becomes unclear, should we ask them to stop for a while, maybe today will be a rebound?"

"Stop, stop, even if it rebounds today, it will still fall by itself tomorrow." Chen Fan shook his head and smiled, "Are you still worried that the market will reverse today and fail?"

Soon the stock market will open, Chen Fan is still sitting on his seat calmly, holding the hot tea that was just delivered in his hand, he is a little thirsty at the moment, but the tea is still a little hot, he can only wait for the water to cool down. Drink, take small sips and blow on air.

But when the Nasdaq made its opening point today, Haoxuan didn't throw out the teacup in Chen Fan's hand.

The Nasdaq opened at 2 points, and a gap as high as 222.28 points appeared directly. The difference from the past is that this time it is a downward gap.

When the Nasdaq showed its opening point, the index futures market plummeted across the board, whether it was the March contract or other forward contracts, all fell sharply, and even the Dow and S&P index futures, which opened slightly lower today, all dived downwards. Huayi is comparable to Huaguo's military parade.

The March contract of the Nasdaq collapsed directly from 3 points to 2411 points, but the downward momentum has just begun. With the entry of more empty orders, the March contract quotations instantly broke through 2370 points and rushed towards the 3 point mark. It looks like it's about to break.

"I'll wipe it." Zheng Xiaopang swears on the side, unexpectedly, really did not expect such a result.

Chen Fan hastily put down the teacup in his hand, lowered his head and thought for a while, then immediately picked up the intercom and sent a new instruction to the futures trading team: "I, Chen Fan, will gradually close positions in the March contract at 3. After the position is closed, it will be sold immediately. More, the price is limited to 2300 points."

After turning off the communicator, Chen Fan closed his eyes to calm down his nervousness, and then opened his eyes to look at the computer screen, waiting for the storm after the rice stock market opened.

Obviously, there may be violent fluctuations in the market today, and it may continue to rush downwards, but if that happens, the market may get out of control. Although Chen Fan is very confident in the main force in the rice stock market, it has now reached a point where The moment of life and death, now that the market has just started, it is the moment when the market atmosphere is unstable. At this time, a little too much force may lead to the premature death of the market.

I'm afraid the main force is playing too big.

Thinking of this, Chen Fan suddenly thought of something, pretending to be inadvertent, stretched out his hand to wipe his forehead back and forth, and soon heaved a long sigh of relief. The brightness of the Nasdaq did not change, and 2500 points should be reached.

For a moment just now, Chen Fan suddenly worried that his massive intervention would cause the main players in the market to give up starting the market, but it was okay, he was just thinking too much.

Then the next step is to see how the main market players plan to continue to play this scene.

When the Nasdaq market entered the continuous auction trading session, the Nasdaq once again showed a surprising trend. It did not fall sharply at the opening as most people thought, but directly launched a retaliatory rebound. To fill in the gap.

Although there is cooperation with the trading volume, most market participants at this time regard it as a counterattack by the bulls in the market. As for whether the counterattack is effective, we will wait and see.

The Nasdaq rebounded to 2260 points a few minutes after the market opened, and it rose by more than [-] points in one breath. The strength of the rebound was also amazing, but here the market bulls began to encounter heavy selling orders from above.

When the market opened sharply lower today, some institutions that are bullish have already begun to change their positions, and they plan to turn short.

For two consecutive days, the bulls in the market have been rubbed against the ground by the shorts, especially yesterday's weird trend, which has begun to make some institutions suspect that some bulls have turned short, so there will be high-volume situations.

Since most of the heads are turning empty, they who don't want to be cannon fodder must of course follow up decisively.

After encountering a large number of selling orders at 2260 points, the Nasdaq had no choice but to turn around and look for support when it was unable to break through the continuous heavy volume.

At the same time, the March contract has fallen below 3 points. Although the rate of decline has slowed down significantly, it still lacks enough support for long positions. So vulnerable and helpless.

"The liquidation has already started over there, with a price difference of almost 2 points, hehehe." Zheng Xiaopang said with a smile, "But I am a stock god, isn't it too early to start closing the position now? We should wait until tomorrow or It would be more reasonable to get out the day after tomorrow.”

"I'm dead long. Since I'm bullish, there's no need to take such small profits so seriously." Chen Fan responded lightly.

"Fuck, a profit of 2000 yuan per lot is good. We have an order close to 2 lots, almost 4 million." Of course Zheng Xiaopang disagreed with Chen Fan's statement. For petty profits, Uncle Zheng likes this kind of petty profits.

As the Nasdaq returned to near 2230 and stabilized, selling orders began to decrease at this moment, but the market was still in jeopardy, and the trading volume began to shrink rapidly due to the continuous decline of the market. There was no new funds entering the market to absorb stocks. The market The bear capacity of the market has reached a critical point. As long as the bears start to exert their strength again, no one believes that the market can still live stably.

The external trading room of Shencheng Jinxin Building.

The man with glasses was happy in his heart when facing his colleagues who were surrounded by mourning, but at this time he still chose to be a quiet handsome man, don't touch this bad luck, so as not to arouse public anger, let that annoying guy first bear the burden of his colleagues Let's complain and anger, quietly earning money is the business.

Looking carefully at the changes in the market, the Nasdaq has indeed clearly turned into a short market, and the bulls in the market seem to be unable to organize any powerful counterattack.

In the eyes of the man with glasses, it should be the market crash caused by the main bulls in the field. The weird trend of the previous two days was too obvious, and he was secretly happy, but he just couldn't laugh, and felt uncomfortable.

At the moment, the man with glasses is still mainly watching the trend of gold prices in the gold market. He just looks at the prices of rice stocks and futures indexes every few tens of seconds.
(End of this chapter)