At 10:49, the broad market index fell to 1973 points, a decrease of 2.81%.

At the close of trading at 11:30 a.m., the index corrected slightly and closed at 1,982 points, down 2.35%.

After the opening of the market at 13:00 noon, the trend of the broader market did not improve, and at 13:18, the index fell to 1955 points, and the decline expanded to 3.70%.

Perhaps investors who were trapped at a high level saw that new funds were not enthusiastic after the key point of 1996 was broken, so from 13:30 in the afternoon, there were gradually more and more selling orders, and the market index was getting lower and lower. At 14:20, the broad market index had fallen below the round figure mark of 1,900 points, and at the level of 1,889 points, the decline expanded to 6.92%.

Although the index rebounded to 1928 at 14:36, the index moved lower again before the close, and finally the index closed at 1902 points, a decline of 6.31%.

This long black candle, which fell by more than 6%, not only swallowed up all the room for the rise of the two white candlesticks in the two trading days on November 14 and 17, but also swallowed up at least one-third of the rise of the long white candle on November 13. It is not an exaggeration to describe the trend of today's market with a dark cloud cover.

In terms of individual stocks, Liugong Machinery opened low with a price of 11.95 yuan, and fell 2.05% as soon as it opened. And when the market index hit a new high of 2050 points at 9:58, the highest share price of Liugong Machinery only reached 12.18 yuan, and even yesterday's closing price of 12.20 yuan was not reached.

In the process of the gradual decline of the market index from 2050 points after 9:58, the price of Liugong Machinery began at 10:01 a.m., and the price also gradually fell from 12.17 yuan. By 10:15, the price had fallen to 11.49 yuan, and the decline had expanded to 5.82%.

Since then, its stock price has been getting lower and lower, and at 10:51, the stock price has fallen to 11.23 yuan, a decrease of 7.95%.

What Li Xin didn't expect was that after the opening of the market at 13:00 in the afternoon, the share price of Liugong Machinery continued to decline, and at 13:17, the stock price fell to the limit of 10.98 yuan.

Starting from November 7th, Liugong Machinery is almost the strongest stock in the stock market, it closed out of 7 positive lines in a row, and the price rose from 7.66 yuan on November 7 to 12.20 yuan yesterday, a considerable increase.

And just as Li Xin expected, starting from November 7, these 7 white candles closed out a near-perfect upward trend on the right side of the bottom of the arc. Yesterday's closing price of 12.20 yuan was only two dollars away from the 14.25 yuan that began to fall on October 24.

Li Xin originally thought that the upward trend on the right side of the bottom of the arc of this stock was so intact that as long as there were two or three more trading days, the stock price could almost rise to the neckline of the bottom of the arc at 14.25 yuan. Once the price breaks through the pressure of the neckline of $14.25, theoretically speaking, its stock price will have such a large upside from the bottom to the neckline. That is to say, if its stock price continues to rise strongly in the next two or three trading days and breaks through the integer mark of 14.25 yuan, then it still has such a large space to go up from 7.66 yuan to 14.25 yuan.

The space from 7.66 yuan to 14.25 yuan is 6.59 yuan.

After the price breaks through $14.25, it should continue to rise by $6.25, and the short-term target can be directed at $20.84.

But people are not as good as heaven, and today's sudden fall limit completely shattered the upward trend on the right side of the arc bottom of Liugong Machinery. Li Xin knows very well that once such a trend is broken, it is impossible to continue, and it is almost a fool's dream to expect its stock price to continue to rise to 20.84 yuan in the short term.

Li Xin was a little at a loss by this sudden scene, although he still insisted in his heart that the long-term upward trend of the market and individual stocks is still there, and there is still a lot of space, but the scene in front of him made him lose his judgment on the short-term trend of the stock price in an instant, and he can't predict what the stock price trend will be in the next few days.

Although Jingxi Coal Industry has not been suspended today, its trend is not optimistic at all. It opened at $10.14 and then continued to decline, falling to $9.83 at 10:15, a decline of 4.56%. At 10:51, the stock price fell to 9.61 yuan, and the decline expanded to 6.70%.

After the afternoon opened, the price of this stock fell to the limit of 9.27 yuan at 14:09 in the afternoon as the broader market index continued to decline.

So far, the highest prices of the two stocks in Li Xin's hands today have not even touched yesterday's closing price, and they all closed with a falling limit.

Before 10:00 today, the broad market index hit a recent high of 2050 points, which is entirely due to the banking sector and the brokerage sector. Therefore, in the process of the market rushing up before 10:00 a.m., Sanjiang Holdings in Wang Minghui's hand once rose to a high of 19.48 yuan at 9:58, an increase of 4.06%. However, this good situation did not continue, in the process of the market crash, the stock hit a recent high of 19.48 yuan after also going lower and lower, and closed at the 16.85 yuan limit at the close.

Compared with the stocks in the hands of the other three, the development bank in Wang Haoqiang's hands rose to 11.32 yuan at 9:58 this morning, an increase of 2.82%, although the stock also fell sharply in the case of the broader market lower, but it fell only 8.27% at the close.

Today's market can be said to be full of green, with more than 200 stocks on the falling limit.

Looking at this sudden scene, the joy of several people yesterday was gone, and they sat in front of the computer without saying a word, dumbfounded.

Especially Zhang Shaohui, on November 13, Liugong Machinery was suspended on the day of the highest price on the price limit, the increase narrowed to only 2.8% at the close, the difference between the high point and the low point that day was close to a price limit, that day missed such a good opportunity to sell high and buy low made him regret it, today this fall limit and yesterday's closing price, there was a 10% price difference. If you sell at the closing price yesterday and buy it back today, you will reduce the holding cost by 10% back and forth. But such a great opportunity in front of me was missed again. What's worse is that the closing price of this stock today is sealed on the down limit, and it looks like this trend will continue to fall sharply tomorrow. If he sells it at the close of trading yesterday and buys it back tomorrow when the stock price falls to a lower position, wouldn't it reduce the cost of nearly two falling limits?

Thinking of this, he secretly complained to Li Xin in his heart: Alas, he was fooled again yesterday and the day before yesterday, if you don't listen to his fools, sell at any high level yesterday and the day before yesterday, and buy again at the closing price today can reduce a lot of costs.

But he didn't dare to say this kind of thing in front of Li Xin, not to mention that he didn't want to talk to Li Xin anymore at this time, so he turned his head and asked Wang Minghui: "Lao Wang, this trend is not good, the market index has fallen so much today since June 10th, does this indicate that the market will continue to fall, and may even hit a new low?"

Wang Minghui was also stunned at this time, Zhang Shaohui's words reminded him, he called up the trend chart of the market index and took a closer look, and sure enough, as Zhang Shaohui said, the latest decline of more than 6.3% only appeared on June 10, and the decline on that day was 7.73%, and since then the market index has not fallen by more than 6%, and today's 6.31% decline is really a bad omen.

Li Xin was completely unaware of Zhang Shaohui's resentment towards himself at this time, and he listened to Zhang Shaohui's worry that the market index would fall below 1664 points to create a new low, and said: "The possibility of falling below 1664 points to create a new low is very small, and today's sharp decline is likely to be the end of the first wave of this wave of bull market rally, and it has begun to enter the second wave of pullback." ”

Zhang Shaohui was too lazy to pay attention to Li Xin's statement at this time, but Wang Minghui asked with great interest after listening to Li Xin's judgment: "Why do you say that this is the end of the first wave?"

Li Xin said: "At the end of the bull market last year, in the process of turning from bull to bear, the broad market index fell from 6,124 points in mid-October to 4,778 points on November 28, a decline of just 21.98%, which was the first wave in the bear market decline. When the first wave ended and the second wave of the pullback began, it was the same as today, and the gold standard of the 20% decline began to pull back. Didn't you calculate it yesterday? The broad market index rose from 1,664 points to 2,030 points yesterday, an increase of exactly 21.99%, which is similar to the second wave of correction that began when the first wave fell by 21.98% last year. It is said that there are striking similarities in history, and I think that now the first wave of the bull market has ended and has begun to enter the second wave of the pullback, maybe this explanation will be more reasonable. If this is the case, there is no need to worry about the current pullback, and there is still a rise in waves 3 and 5 to be expected in the future. ”