legendary trader

Chapter 726 727 Big Drop
As if it was a signal, after the Oracle software stock price started a period of violent rebound independently of the Nasdaq's continuous decline, more and more stocks in the market followed suit, and stocks that launched a rebound trend continued to appear.

With the increase of rebounding stocks, the decline of the Nasdaq slowed down significantly after falling to 2150 points, and there seemed to be signs of bottoming out.

And Oracle Software also temporarily shifted to the adjustment trend after a rapid rise of 3 points, and he needs to consolidate before it is possible to launch the next wave of market prices.

And the one after another rebound trend on the disk seems to give a blow to the investors who have been, prepared, and plan to reduce their positions before. The current market is indeed very sensitive. Although there are a lot of profit taking in the market, the strength of the funds on the market is not bad. It's easy to leave the field, but once you leave the field you come back
After the chaotic rebound in the market began, the strength of the selling order slowed down significantly, and many investors began to feel depressed again, wondering whether they should sell and leave the market.

At this time, Qualcomm's stock price also quietly stood at 46 yuan under the cover of the chaotic market, and the stock price continued to rise slowly and firmly.

Chen Fan has been staring at the Qualcomm trend chart, and of course he also looks at the index and other stocks from time to time, as well as the changes in the Nasdaq futures.

However, the trend of the Nasdaq futures now seems to have lost its previous role of leading the market and indicating the direction. It has followed the stock market in the past two days, but the total open interest that Chen Fan is more concerned about is still slowly increasing.

The trading of rice stocks continued. When the Nasdaq was still tossing and turning at the bottom, more and more investors also saw the familiar company-Qualcomm on the list of gains.

Up to the current position, Qualcomm has risen by more than 7% in intraday trading today. Although it did not rank at the top of the list, it has also squeezed into the bottom position of the first list. At the top of the day, it can be mixed into the back position of the second edition.

More and more eyes are beginning to pay attention to Qualcomm's every move, but on the market, it is still stable and continues to climb along the upward channel formed at the opening.

When the spontaneous rebound of individual stocks in the market ended, the Nasdaq began to decline again.

Yes, affected by the correction of those rebounding stocks, the index began to adjust downward again, and the 3150 point position was broken.

In fact, today, although there are many stocks that fell, the stocks that really led the decline did not appear. The market is still in a general downward trend. Most of the stocks in the market have accumulated a certain amount of profit. When it showed weakness, these profit-making orders began to be released collectively in the intraday, which led to the downward trend of the index.

Now the negative line entity of the Nasdaq has cut into half of the positive line entity on Wednesday, which is a very worrying trend in terms of form. If the Nasdaq continues to fall and completely covers the gains of the previous two days, then Tuesday’s gains are bound to be lost. A negative line envelops several positive lines. Everyone knows that this is a very bad figure.

Today's trading time has passed halfway, but now the decadent trend of the Nasdaq still makes Chen Fan frown a little. Although he doesn't really want to intervene in the market, but if the current situation continues to deteriorate, Chen Fan is a little bit uncertain, and he wants to rush higher to attract Whether the plan for a wave of funds to come in and be set up can be successfully completed.

When the market starts to pull back, it may become more difficult to attract off-market funds.

Unconsciously, Chen Fan lit a cigarette in the trading room and started to think about whether it is necessary to modify the operation plan a little bit. When the market stabilized slightly, he would give Qualcomm a quick boost, so that the sharp rise of Qualcomm's stock price would stimulate a wave. Popularity, even if it can't reverse the market's decline, at least stabilize it.

And Chen Fan also understands that there are actually many benefits to pulling Qualcomm at this time, at least it will attract enough attention.

However, the waiting time is still long. After the Nasdaq fell below 3150 points, neither 3140 points nor 3130 points could form effective support. The market easily fell to 3120 points without any resistance.

If the market continues to decline, the Nasdaq's gains this week may be wiped out on Friday. Chen Fan is a little panicked, but the Nasdaq has not shown any signs of stabilization, and he dare not make decisions on his own to rush Qualcomm to rescue popularity.

Finally, when the Nasdaq fell to 3124.77 points, without any warning, the trend line of the Nasdaq suddenly turned up, and the index began to rise inexplicably.

At this time, Chen Fan was staring at the trend of the Nasdaq, and at the same time was constantly checking the trend of large stocks in the market. Almost at the same time, Chen Fan also noticed that although there were obvious signs of buying intervention in the market of these large stocks, the stock prices did not rise The rebound was just maintained and did not continue to decline, but the index began to rise.

"What happened?" Chen Fan said casually suspiciously.

"What's going on?" Zheng Xiaopang answered, but he didn't understand what Chen Fan was asking.

"The index rebounded, and I didn't see any stocks going up." Chen Fan said with a frown.

"Our stocks didn't go up, but they seemed to be stable. It was the new stocks listed a while ago that were going up. Look at the UPS, last week, it was probably listed at that time."

As Zheng Xiaopang said, he clicked on a computer screen and switched to the UPS stock price trend interface, which clearly showed that just now, the stock price of UPS skyrocketed from 11.2 yuan to 12.9 yuan, just like that. At that time, the stock price of 13 yuan had already stood up.

"Is the new stock going up?" Chen Fan asked in amazement. In his perception, the new stock will usually go up within a week or so after listing. If not, it must be a long way to go.

Last week, there were indeed two new stocks on the Nasdaq market. There were actually a lot of stocks listed this year, but it seems that there were no new stocks listed this week.

Of course, Chen Fan paid little attention to these newly listed companies. They have not passed the test of the market, and God knows what will happen in the future.

Maybe one year, two or three years will automatically disappear in the market. Chen Fan still likes companies that have passed the market test and can survive in the market.

Chen Fan understood what happened. It wasn't a problem with the index, but a problem with the stocks he was concerned about. The stocks that are rising in the market are all eliminated by him. Of course, their price increases are invisible to him.

opportunity!

In an instant, Chen Fan felt that this was an opportunity. What would happen to these stocks in the end?

Is it continued to strengthen or is it like the previous stocks, a short-lived rebound, and then continued to pull back after the end, accelerating the decline of the index?

Chen Fan didn't want to wait any longer. Now that the index has stabilized and started to rebound, and the large-cap stocks seem to have funds to maintain, he will give Qualcomm a hand to see the market reaction.

(End of this chapter)