Chapter 529: Jedi Rebound?
"Isn't it, are you going to play the Jedi Rally?" This trend made Li Xin a little frightened. If the Dow suddenly rises, the price of London copper may also rise.
But just when Li Xin was worried that the Dow would rise in a straight line, at 1:54, the Dow began to fall from 10,817 points.
Five minutes later, at 2:00 a.m., the Dow fell to 10,699 points, down 444 points, or 3.99%, compared to the previous trading day.
Li Xin has been paying close attention to the London copper price at 2 a.m. during this time, so he has formed an inertial thinking at this point in time, thinking that the time-sharing chart should close at this time.
But in a hurry and anxiousness, he forgot that the chart he was looking at was not the trend of London copper, but the trend of the Dow.
It wasn't until 2:02 a.m. that he suddenly reacted when he found that the time-sharing chart was still moving to the right, and he was not looking at the trend of London copper, but the trend of the Dow Jones. At this time, the London copper price had already closed, and what kind of impact would the rapid rebound of the Dow Jones just a few minutes ago and the decline before the close have on the trend of London copper? He quickly switched the screen to the price chart of London copper.
The trend of London copper was indeed affected by the trend of the Dow Jones.
At 1:46, the price of London copper rushed from the lowest point of the day to $6,539 following the rebound of the Dow, and then fell rapidly before the close, and finally closed at $6,400. Compared to the previous trading day, it fell by a full $420, or 6.16%.
This decline has broken through the new low of $6,625 set on September 18, and a new round of decline in London copper has been fully established in the early hours of this Tuesday morning.
Li Xin was ecstatic to see such a trend: this shows that his judgment is correct, today is Monday, and the copper price in London is such a trend as soon as it opens, indicating that if there is trading in the domestic futures market today, copper prices will definitely fall sharply.
London copper has already closed, but the Dow will not close until 4 o'clock in the morning, Li Xin very much wants to stay until 4 o'clock to see what point the Dow is closing at today. But he has been in front of the computer since 8 o'clock last night, and he is so sleepy that he can't open his eyes at the moment.
He turned off his laptop and went back to bed.
He secretly said to himself: The Dow Jones has fallen so much now, I don't believe that it will rise sharply in the next two trading hours.
Based on the current price and point, the closing price of London copper and the current real-time point of the Dow Jones have hit a new low this year, and the decline has undoubtedly been determined, and the probability of falling in the next four trading days is far greater than the probability of rising.
Li Xin's heart, which had been hanging for two days on Saturday and Sunday, is now completely relaxed.
At around 9 o'clock in the morning on the second day, Li Xin got up to see the closing point of the Dow last night.
Judging from the time-sharing chart, the trend of the Dow after 2 o'clock at night did not appear as the upward trend that Li Xin was worried about, but went lower and lower.
At 2:08 a.m., the Dow fell to 10,539 points, and then there was a wave of rebound, which rebounded to 10,705 points at 2:23 a.m., and then continued to move lower. By 4 a.m., it closed at the lowest point of the day at 10,365. Compared to the previous trading day, it fell by a full 777 points, or 6.98%.
Such a long black candlestick with a bald head and bare feet has completely opened up the downward space. In such a trend, whether it is London copper prices or the Dow, the trend in the coming week is really worth looking forward to.
Because of staying up late during this time, the work and rest time is very irregular, so Li Xin's heart rate has a little problem, and there are more premature beats. After Xia Xiaona found out about this situation, she said that she would not let him stay up late.
At 10:00 every night, she asked Li Xin to turn off the computer and go to bed on time, and she didn't let him get up at night to watch the trend of London copper and the Dow, so she could only watch it on the morning of the second day.
Therefore, starting from September 29th, Li Xin can only see the trend of London copper and the Dow Jones on the morning of the second day.
Tuesday, September 30th.
Early in the morning, Li Xin got up at 8 o'clock, and he hurriedly walked to the computer and turned on the computer after holding back for two days on Sunday and Monday, unable to see the trend of the Dow Jones and London Copper.
London copper prices opened slightly lower at $6,375 under the influence of the sharp drop in the Dow Jones last night, and then fell rapidly after opening low, with the lowest price falling to $6,170 in just over an hour.
But the good times did not last long, after the sharp decline, followed by a wave of rapid rebound, this wave of rebound was also very strong, three hours later, actually hit the highest point of the day at $6440, this price is up $40 compared with yesterday's closing price.
However, this rally did not last long, and in the following period, the London copper price hovered back and forth between $6,400 and $6,200.
At 2:00 p.m., the London copper price closed at $6,380, down only $20, or 0.31%, from yesterday's close. Today this candlestick is a white candlestick and a doji.
This trend is very different from the trend that Li Xin expects to continue to fall sharply after breaking the position and hitting a new low, and Li Xin is a little drumming in his heart: What is the situation, after a sharp fall, a doji appears in this position? Doesn't the appearance of a doji mean that the market is going to reverse? How is this possible? But the question is that this doji is just in front of you, how do you explain it? Could it be that I was a little too happy yesterday?
Li Xin's questions about the trend of London copper all dissipated after he looked at the trend of the Dow last night.
On Tuesday, September 30, the Dow opened at 10371.5 and has continued to rise since then. By the end of the day at 4 a.m., it was 10,850, just one step away from the day's highest point of 10,868. That is to say, today's Dow K-line is almost a bald and barefoot long white candle, which has risen 485 points compared with the previous trading day, an increase of 4.68%.
Li Xin now understands a little: the Dow, as the most hyped stock market index in the world, can be traded in both directions, so after a sharp decline in the last trading day, bookmakers in the international market will definitely not let go of this rare opportunity to buy dips and short-term longs. If you analyze it carefully, in fact, today's bullish candlestick that rebounds on dips can be expected. It's just that I'm negligent, or my short-term hype skills haven't reached the level it should be.
However, many investors in the round copper trading market expected such a trend of the Dow Jones in advance. Therefore, this is why London copper fell rapidly after the opening of today, and then rebounded sharply, and then it has been in a relatively high position to continue to fluctuate and finish. Such a trend in London copper is completely waiting for the trend of the Dow Jones to rebound on dips last night.
Judging from this result, investors who predicted in advance that the Dow would rebound on dips today bought long on dips on London copper and made a lot of money today.
So here's the truth!
Li Xin, who saw that the Dow Jones today's long white line is just a rebound, took a closer look and found that the closing point of the Dow 10850 had just come to the 5-day moving average of 10841 points, although it was a little higher than the 5-day moving average, but there was still a long distance from the 10-day moving average of 10909. As long as tomorrow's close and highs do not effectively break above the 10-day moving average, then this downward trend will continue.
In other words, as long as the Dow continues to fall two days later, London copper will definitely continue to fall. Because the small red doji of London copper today is caused by the rebound of the Dow Jones, as long as the rebound of the Dow Jones is not sustainable, what reason does London copper have to continue to rise?
Seeing this situation, Li Xin walked to the side of the bed and called Xia Xiaona: "Let's go, let's go out to play." ”
Xia Xiaona said: "Two days ago, you asked you to go out with me to play, and you were still absent-minded, why did you come to be interested early this morning?"
"Let me tell you, the empty order I made is a show!"
"Is it? already making money?"
"The domestic futures market has not opened, how to make money?"
"Didn't you say there was a play?"
"I'm talking about the fact that copper prices will definitely fall after the market opens next Monday, October 6. ”
"Really? That's great! I'll tell you the truth, I've been sweating for you for the past two days. ”
"Well, I just said that these things should not be told to you, and when you worry, it makes me even more worried. ”
"Actually, I think it's better for you to be honest with me, otherwise it's even worse for me to guess around. ”
"Didn't I tell you? What else can I hide from you now? Don't say anything, hurry up and go out to play, I'm in a good mood today!" Seeing that things are developing in the direction he hopes, Li Xin's heart is indeed a lot more relaxed.
Wednesday, October 1st.
Copper prices in London flattened out and then rose slightly, then turned around and fell, closing at $6,165 at 2:00 p.m., down $215, or 3.37%.
At the same time, the Dow's move is more intriguing.
The opening level of the Dow at 10847 is almost flat compared to yesterday's close at 10850.
Six minutes later, at 21:36, the Dow had fallen to 10,727 points, a decline of 1.14%.
Then there was a wave of reverse, and at 21:46, the point came to 10770 points.
This was followed by another wave of decline, and by 22:09 p.m., the index had fallen to 10,650 points, a decrease of 1.85%.