legendary trader

Chapter 650 Chapter 651 Weakened
When the Nasdaq broke through today's intraday high, Qualcomm's share price had already skyrocketed under the support of buy orders.

Under Chen Fan's intervention, He Li and several other traders quickly entered the market one after another, and the number of purchases increased one by one, pushing Qualcomm's stock price to break through 27.5 yuan quickly, and completed the upward move ahead of the Nasdaq. breakout trend.

However, Chen Fan soon noticed that the market's reaction to the rise in Qualcomm's stock price was not as good as Chen Fan expected. Maybe some investors were very excited after seeing Qualcomm's strong rise, but judging from the disk, following the trend The entry into the market is still much less than Chen Fan expected, because at this time the market has a lot of rising stocks, and the rise of a large number of stocks will naturally divert a lot of long funds.

Chen Fan quickly and accurately grasped the weakness of the follow-up market through the transaction analysis of Qualcomm's market and the transaction volume of He Li during this period, so he had no choice but to admit defeat.

Obviously, yesterday's rise was far from allowing Qualcomm to be recognized by the market. At least most investors did not seem to agree that Qualcomm was the leader of yesterday's market rise, so after the sudden rise just now, there was little reaction in the market, and it also made Chen Fan start Pay more attention to the importance of an independent market, especially when pushing up the stock price against the trend. Although the risk is great, the ability to absorb money at that time is also leveraged.

When Qualcomm's stock price broke through 27.6 yuan, Chen Fan felt that the continued increase seemed to have little effect. Now the market is going up very well, a large number of stocks are generally rising, and the index has approached 2920 points. Although I don't know how much the Nasdaq can go today High, but he knows the height of Qualcomm. It is impossible for Qualcomm to gain market recognition by violating the original plan and increasing the height.

At this time, Chen Fan immediately asked He Li and others to suspend the promotion, and immediately asked Qualcomm to start a correction and wait for the next promotion action, because at this time, Chen Fan had realized that the timing of this promotion was not right. not good.

When the market as a whole is improving, the influence of Qualcomm stock on the market is too small. Qualcomm temporarily lacks appeal in the market. The rapid increase of the stock price on its own side will not attract much capital. The plan to dig a hole, of course, would not work.

You know, digging a hole is to bury people, but if the funds attracted by raising the stock price are not hot money in the market, but investment funds, when you suppress the stock price yourself, these funds will not run away. Digging your own hole may be burying yourself.

Digging pits is also a technical activity.

Chen Fan is just waiting for an opportunity at this time. If today's market trend is unilaterally rising, then he really doesn't have many opportunities. He can only give up the idea of ​​digging a hole, and start honestly pulling back to wash the market tomorrow and the day after tomorrow, stepping on the previous high point .

First reserve the space for subsequent pull-ups, wait and see, is it possible for the market to peak and fall at a certain point later, and start stocks after the market pulls back, and there may be a chance to attract hot money from the market to enter the market.

Qualcomm has once again led the market, but this time it is leading the market correction.

Of course, the Nasdaq will not react to Qualcomm’s callback, and the rise is still rising. With the strong performance of a large number of stocks, the Nasdaq also successfully stood at 2920 points, and once pushed the intraday high to 2926.72 points before starting to adjust.

Afterwards, the market seems to have fallen into a low ebb again. A large number of stocks began to pull back after the unknown excitement, and the index also began to fall again and again with the continuous adjustment of a large number of stocks, completely losing the aggressive upward momentum at the opening.

"It seems that today is not the case?"

After seeing the market pullback, Chen Fan felt relieved, because this kind of trend was exactly what he wanted to see, but the market softened, and Zheng Xiaopang seemed a little uncomfortable.

"What's wrong?" Chen Fan asked.

"Oracle Bone Inscriptions went well before, and they all rose to 11 yuan, but now they are starting to boil with the market." Zheng Xiaopang said, "Is it because the market is dead?"

"The big market is just a minor tune, it's not a big deal. I think Oracle can hold it for a while to see the situation."

After thinking about it, Chen Fan said, Oracle's stock price doesn't look high now, and it will be much higher by this time next month. There is nothing to worry about, it's just a phased adjustment.

It didn't take long for the Nasdaq to fall back to around 2920 points, and the index once again fell into consolidation here, just like the game above 2900 points.

"It seems that there will be another wave in a while. Three waves will rise, and only two waves will be pulled today. It is estimated that there will be a chance to touch around 2950 points today."

Seeing that the Nasdaq had stabilized, Zheng Xiaopang became optimistic again, and began to introduce the situation to Huang Tian using the more popular theory of counting waves in the market.

At this time, Chen Fan was also a little disappointed when he saw the trend of the Nasdaq. It seems that there may be a wave of gains today, so basically his idea of ​​dragging Qualcomm out to attract hot money was in vain.

Because the trading time of rice stocks is still long today, although the planned increase has not been achieved, He Li is not in a hurry to ask Chen Fan when it will resume its upward trend. It fell, but it maintained a certain tacit understanding with the broader market.

As the time passed by one minute and one second, the adjustment time of the market this time was significantly longer than the previous one. With the extension of the sideways trading time, the fluctuation space of the market was gradually enlarged, and the Nasdaq began to show signs of shifting its center of gravity downward. Obviously, the index has been maintaining The adjusted trend has led to funds starting to appear in the market.

The Nasdaq remained above 2920 for most of the time, but now the center of gravity has moved down to around 2918, and the trend of continued decline has not changed. The third wave that Zheng Xiaopang mentioned earlier seems to be going further and further away , never to be seen again.

However, he didn’t hear Zheng Xiaopang’s complaints. Chen Fan clicked on the trend of Oracle Software out of curiosity and took a look. Although the intraday peak reached 11.69 yuan, and although the Nasdaq Composite Index was pulling back, the stock price of Oracle Software remained at 11.6 yuan. The nearby strong shocks did not seem to be affected by the market downturn and fell.

No wonder Zheng Xiaopang didn't say anything now, Chen Fan thought in his heart.

However, at this time, there seems to be an increase in selling orders in the market, because the center of gravity of the index has moved down again, and it has fallen back above 2915 points, and the market is showing signs of falling.

Affected by the weakening of the index, some stocks that had been stable before also began to decline, because the result of the weak market trend was to attract a lot of selling.

"It's really weird. Where did the funds for long market go at the opening of the market today?" Seeing this trend, Chen Fan couldn't help but whispered.

(End of this chapter)