legendary trader

Chapter 792 793 Fall
The Nasdaq continued to decline after quickly closing today's gap, maintaining a unilateral downward trend throughout the day.

Zheng Xiaopang didn't come here today, he had a phone call with Chen Fan before, and it would take two days for him to go to Shanghai for business.

As the market continued to fall, signs of capital flight began to appear in the intraday market. Many stocks had huge selling orders and smashed orders from time to time. Today's unilateral downward trend has begun to arouse the vigilance of funds in the market.

When the market trading came to the second half, the market still did not improve. Although resistance began to appear in the market, the resistance was not strong, and the downward channel formed after the opening of the market was not broken.

When the Nasdaq fell nearly 4200 points, the panic in the market was finally aroused. The market experienced a wave of slight diving half an hour before the close. In the end, the Nasdaq closed at the lowest point of the day at 4188.2 points, a sharp drop of 258.3 points throughout the day. , a drop of 5.81%.

However, under the frenzied selling of He Li and another share of funds, Qualcomm’s stock price fell sharply, and finally closed at a sub-low of 70.59 yuan, a drop of 7.26%. The number of shares traded throughout the day was 2019 million shares, and the turnover was close to 1.5 million yuan. .

However, He Li's side only sold more than 5 million shares, and the other party's shipment volume is estimated to be similar to this side, accounting for more than half of the whole day's trading volume.

"The shipment in the first half of today was relatively smooth, but at the end of the trading period, it was basically unable to sell. It is estimated that it will be more difficult to complete the transaction in the next two days."

He Li reported to Chen Fan in a low voice after the market closed that today, because the market was still bullish at the beginning of the period, there were still a lot of buying orders entering the market at the beginning of the stock price drop, but as the market continued to fall, the off-market funds were not fools. I saw that something was wrong, and a large part of the reason for the accelerated market decline in the second half was also caused by the sharp drop in funds entering the market.

"I understand, I did a good job today."

Chen Fan knew that He Li was worried that he thought it was too easy to sell the goods, and he might not be able to sell as many chips as today in the next two days, so he said this, how could Chen Fan not think of this.

With the end of trading on Monday, the media finally began to appear bearish remarks on the market outlook again. However, with the big reversal last week, these remarks are undoubtedly very conservative. They are not so resolutely bearish on the market. They just repeatedly remind investors to pay attention risk.

The opening of the rice stock market on Tuesday showed something unusual. The opening index directly gapped and opened nearly 4094.6 points lower, opening at 94 points, down [-] points.

At this time, Qualcomm’s stock price has lost the protection of He Li and others. Maybe both parties want to go together, hoping that the other party will place a protection order on the following purchase price. In the end, everyone chose to throw a lot of chips at the opening stage. , and the result of this operation is that Qualcomm opened at 67.75 yuan, and the opening fell sharply by 2.84 yuan.

After the rice stock market opened, the stock price began to rebound rapidly, and the index went straight to the closing point of the previous trading day, as if it was about to close the gap in one go.

Then the index encountered a selling pressure around 4160 points. After a brief correction, the index continued to launch a second wave of upward rush. In the spotlight, it still failed to completely close today's gap and began to fall back.

This pullback is different from before. It is obvious that the market is taking the initiative to pull back after a weak rise. The intraday trend has dealt a huge blow to the confidence of the bulls in the market. After that, the market has never been able to organize an effective rebound. trend.

It seems to be back to yesterday. The index began to fall unilaterally. Although the speed was not fast, it became more and more like a negative trend. When the Nasdaq fell below 4100 points again, the market's downward trend finally began to accelerate.

This time, the Nasdaq fell directly to around the 4000-point integer mark before stabilizing. The sluggish trend continued until the close. Finally, the Nasdaq closed at 4055.9 points, a 3.16% drop for the whole day.

However, Qualcomm’s stock price today did not show the scene of the two stocks competing for shipments yesterday. Perhaps the opening price also surprised the opponent at the same time. , but they all began to restrain themselves.

At least it didn't compete for a few buy orders in the intraday market. Qualcomm's stock price also rose by 70 yuan as the market rebounded. However, without the support of strong funds, naturally it can't go far.

Under the circumstances that both parties were unwilling to break the tacit understanding, Qualcomm’s stock price closed at 68.72 yuan, down 2.65%, and the turnover of the whole day also fell below the 1 million yuan mark, with only less than 1 million shares traded.

In today's operation, He Li communicated with Chen Fan in time after he found out that the other party was also unwilling to break the market balance.

Chen Fan guessed that it might be that the main force of the market wanted to create resistance at the 4-point mark to attract more buying orders for the subsequent market trend.

"Tomorrow's trend is very critical. It depends on whether the market will adjust here for two days."

Chen Fan hopes that the main force of the market can consolidate around 4 points, so that it may be possible to sell more stocks around 70 yuan. It is also because of this consideration that Chen Fan asked He Li to reduce today's selling speed. But will the market on Wednesday really go to the market he expected?

When the rice stock market opened on Wednesday, Chen Fan breathed a sigh of relief.

The Nasdaq opened at 4050.3 points. Although it opened lower by 5 points, the lower opening range was very small. There were obvious signs of market stabilization, and it did not continue to fall because of yesterday's sharp drop.

At least He Li did not manipulate Qualcomm's opening price. As a result, Qualcomm's stock price opened at 68.97 yuan on Wednesday, a slight increase of 0.25 yuan. Judging from the opening price, it seems that another fund that has been vying for the runway has not continued to wantonly Shipment.

"This is a good sign. The market should be able to stabilize today. Don't deliberately suppress the stock price, just keep shipping slowly."

Seeing the opening situation like this, Chen Fan whispered to He Li.

"What if the other party tries to grab the order?"

At this time, He Li still asked about the possible changes in the market, hoping to get Chen Fan's order first.

"What if the other party continues to ship aggressively?"

Chen Fan hesitated for a while and said: "There is nothing to say, we are going to run, if they don't care about the overall situation, let's not talk about other things, I still don't believe it, the other party shipped faster than us.

Now we only have tens of thousands of shares left in our hands. If we sell wildly, we will only need two or three days to polish it regardless of the cost.

At that time, they should be the ones who regret it. "

Soon, when the rice stock market opened for trading, although the Nasdaq still fell, this time the decline seemed to be forced. The buy orders below were obviously much stronger than the previous two days, and the market ushered in a rebound after only falling by a dozen or so points. .

It didn't take long for the index to rise back to the opening point, and then continued to rise, and the gaps of those few points in today's session were closed.

When the Nasdaq rose to around 4060 points, the index showed a lack of energy to continue to rise, and then the index began to fall.

Ten minutes after the market opened, the Nasdaq began to fluctuate back and forth in less than [-] o'clock. It seemed to be gaining momentum, and it seemed to be looking for a breakthrough direction. The trend was very vague, and today's wind direction could not be seen.

The trend of Qualcomm's stock price is slightly stronger than that of the broader market. After two days of decline without the pressure of the two large funds to reduce their positions, the market has already had a certain rebound momentum. It was only because of too much selling pressure that the rebound was delayed It has not appeared for a long time, but now that the selling order is gone, the rebound is coming.

Qualcomm's stock price easily reached 69 yuan after the opening of the market. Of course, the target of the rebound is definitely not here, but it is continuing to rise, trying to hit the 70 yuan mark, but it is obvious that the rise in the stock price is caused by the reduction in selling orders, but There are still not enough buy orders to enter the market, as can be seen from the trading volume during this period.

Chen Fan quickly made a judgment on Qualcomm's stock price, and it couldn't go up to 70 yuan. Although he didn't know how many selling orders were piled up there, there must still be hundreds of thousands of shares. As far as the current buy orders are concerned, even if they touch 70 yuan , and certainly cannot sweep away those selling orders.

As the Nasdaq fell into a volatile trend, Qualcomm's stock price gradually showed weakness around 69.6 yuan, and began to fall into an adjustment trend.

At this time, He Li and others are still shipping in small orders. Although there are very few stocks sold during this period, it is better than nothing, and they must find something to do.

More than half an hour after the market started, the Nasdaq has fluctuated around 4050 points for half an hour. After investors gradually realized that the market's upward momentum was insufficient, some cautious investors began to reduce their positions.

Selling orders gradually began to increase as the market fluctuated, and the Nasdaq began to be unable to withstand the market pressure. Gradually, the support was gradually consumed, and the index began to decline slowly, and finally fell below the intraday low of 4034 points. Close to the integer mark of 4 points.

Last trading day, the Nasdaq found support near 4009 points and started a small rebound trend, but today it is not known what will happen to the support at the 4-point mark.

After the Nasdaq fell below the low point, Qualcomm still did not see a large number of selling orders, and the stock price remained above 69 yuan. Although the high point began to gradually decrease, the stock price could barely stabilize.

He Li and the others slowly sold some small orders to cash out, while paying attention to the market, worried that another stock of funds would suddenly enter the market and sell aggressively. Fortunately, this situation did not happen, and they did not know whether the other party was also selling in small orders. Although Qualcomm's stock price has been falling steadily.

Chen Fan was smoking a cigarette and quietly staring at the changes in the market. The Nasdaq has already fallen below 4020 points. The closer it gets to 4 points, the market support has not only not strengthened so far, it seems to be weakening.

"Maybe only when the threshold is approaching will there be funds to enter the market and rebound."

Chen Fan could only think about it this way while puffing. Looking at the market trend after the opening of the market today, he can't see the slightest sign that the main force of the market is planning to kill the market. Today seems to be a retracement after two consecutive days of downward trend.

Of course, Chen Fan will not be bullish on the market outlook, and he is still firmly bearish, otherwise he will not continue to increase his short position. Now the restrictive factors affecting his short position are the number of transactions and the total open interest in the market.

When the Nasdaq fell to around 4010 points, the low point of the previous trading day, the expected buy order finally appeared. It can be seen that the power of bulls and bears seems to be changing, and the energy of bulls is gradually becoming stronger.

After the Nasdaq fell to around 4002 points, the downward trend finally stopped. As funds entered the market again to buy bottoms, the Nasdaq began to recover slowly.

The strength of the market's recovery seems to have strengthened this time, and the rising speed was significantly higher than that of the wave after the opening.

While Qualcomm's stock price was above 69 yuan, after the market bottomed out and rebounded, intraday buying orders gradually increased, and the stock price began to rise.

"Stop selling."

Chen Fan noticed that Qualcomm's buying orders seemed to be insufficient at the moment, at least not forming a strong buying wave, so he decisively stopped He Li's selling action, let them rest, and see where the market has risen go.

This time the Nasdaq rebounded fairly well, and the index gradually regained its lost ground, and soon touched near today's intraday high. Although it still showed insufficient strength, the market's selling orders did not increase too much at this time, and the upward trend was still possible. maintain.

When the Nasdaq broke through the high point, the market briefly ushered in a climax, and the Nasdaq quickly rushed to around 4070 points. However, by this time, the market's ability to continue to attack has been exhausted. Powerless to attack.

In this wave of rebound, Qualcomm's stock price touched the threshold of 70 yuan, but faced with more than 60 selling orders above, it was unable to maintain the stock price after sweeping away more than [-] shares. After the Nasdaq began to fall, Qualcomm The share price also gradually began to decline.

"Come out."

Seeing that Qualcomm's stock price was unable to hit 70 yuan, Chen Fan asked He Li to start shipping again. There was no need to look forward to it. Today's market lacks the driving force to lead the market. The main force of the market must not want to push the market up, and even a decent rebound I don't want to do it, I'm just consuming the energy that the market doesn't have much to do.

Thinking of this, Chen Fan suddenly felt a little creepy, could the market still plummet next?
Maybe tomorrow, there will be a sharp drop in the market. They are now attracting those who are interested in entering the market, betting on a rebound, and entering the market at a high level. These funds will inevitably rush to flee for their lives.

At this time, Chen Fan began to re-examine the stocks that may be left in the hands of the main players in the market. Maybe they may not have more chips than himself.

Of course, this comparison is not a comparison of absolute amounts, but a comparison of positions.

Calculated according to the peak stock market value, the market value of the Qualcomm stock held so far is more than 6 million and less than 7 million, accounting for about 4% of the position. Chen Fan suspects that the bargaining chips of the main players in the market are probably very low, otherwise how could it be so? operate.

However, these are all Chen Fan's guesses, and we can only be sure when the market plummets.

While Chen Fan was thinking about it, the Nasdaq's pullback continued.

Although this rebound refreshed the intraday high, the weakness of the market has also been exposed. In fact, this rebound has sounded a wake-up call for the funds on the market, and while Chen Fan was still thinking wildly, selling orders on the market was quietly increased.

(End of this chapter)