Hearing Li Xin's words, Zhang Shaohui said: "Then I'll buy it back now, and I won't be entangled anymore!" His words seemed to be cheering himself up, and like answering Li Xin.

At this time, Liugong Machinery's share price is 12.12 yuan, slightly higher than yesterday's closing price of 12.08 yuan.

But after Zhang Shaohui bought Liugong Machinery at this price, Liugong Machinery's share price rose to 12.23 yuan at 9:44 a.m. and then started a wave of decline.

At 9:49, the stock price fell to 11.72 yuan, a decrease of 2.98%.

At 9:57, the stock price fell to 11.40 yuan, a decrease of 5.63%.

Based on Zhang Shaohui's purchase price of 12.12 yuan, it fell to 11.40 yuan, a decrease of more than 5.9%. In less than 20 minutes, he lost so much money in his account, and the number of shares in his account was less than 90% compared to when he was just trapped.

The grievance in Zhang Shaohui's heart at this time really responded to that sentence, if people don't go well, they will stuff their teeth when they drink cold water. He also couldn't figure out what kind of shit luck he was taking, why did the stock price fall as soon as he bought it, and rise as soon as he sold it?

He let out a long sigh: "Alas, it's high again!"

After Zhang Shaohui bought, the share price of Liugong Machinery fell sharply by more than 5%, and Li Xin can see this trend clearly. Listening to Zhang Shaohui sighing beside him, he kindly persuaded: "Since you have decided to hold shares for a long time, don't care too much about short-term fluctuations in the day." If you can't stand the back and forth fluctuations of stock prices, it may be better to give yourself two days off and go out for a walk. ”

Wang Minghui smiled when he heard this: "Do you see that Lao Zhang seems to be willing to leave?"

Liugong Machinery's share price did not continue to decline after falling to 11.40 yuan, starting from 10:00 a.m., the stock price began to gradually go up from 11.40 yuan near the position, and at 10:21 the stock price rose to 12.00 yuan, and the decline narrowed to 0.66%. By 11:03, the stock price had risen to $12.50, an increase of 3.48%.

In the subsequent trading hours, the stock price was as wide as the market index, and at the end of the day, Liugong Machinery's share price closed at 11.70 yuan, a decline of 3.15%.

Its trend is comparable to the trend of the broader market, although it set a new high for this wave of rise during the day, but closed with a small black candlestick at the close.

Today's high point of the broad market index is 2030 points, which is only one step away from the 60 moving average at 2042 points, but at the end of the day, the broad market index closed at 1983 points, down 1.67%.

After the closing, Wang Minghui asked Li Xin: "Today's high of 2030 points of the large market index has decreased a little compared with the high of 2050 points on the 18th, and the trend of various stocks is also rising and falling." Judging from this situation, it seems that it will not be easy to break through the pressure of the 60 moving average in the short term, huh?"

Li Xin said: "It seems that the pullback of wave 2 has begun, and the task of breaking through the pressure of the 60 moving average may be handed over to wave 3 to complete." ”

Zhang Shaohui asked: "So where will the second wave of the pullback go?"

"It's hard to tell where the low point of the wave 2 pullback is, but there is an iron law in the Elliott wave theory, that is, the wave 2 pullback will not completely engulf the first wave," Li said. The starting point of wave 1 is from 1664 points, then the low of wave 2 retracement will certainly not be below 1664 points. ”

Wang Minghui asked: "I remember you said before that there are three iron laws in the Elliott Wave Theory, can you tell us which three are in detail?"

Li Xin said: "The first and second wave pullbacks will not swallow up the gains or losses of the first wave. The 2nd, 3rd wave will not be the shortest wave. Wave 3 and Wave 4 do not overlap with Wave 2. ”

Wang Minghui thought about it carefully, and then said: "It seems to make a lot of sense, if the second wave swallows up all the gains or losses of the first wave, then the end is not back to the beginning, and there will be no upward or downward trend." And if Wave 4 overlaps with Wave 2, then Wave 3 has zero room to go up or down, and then there's no Wave 5, right?"

Li Xin said: "Yes, these three iron laws seem simple, but if you think about it carefully, there is indeed a lot of content in it. ”

"But what does the third wave not mean by the shortest one?" Wang Minghui was a little puzzled.

"In the Elliott Wave Theory, waves 2 and 4 are pullbacks, and waves 3 and 5 are major rising or falling. Because they are the two most important waves in an uptrend or downtrend, waves 3 and 5 are generally the longest of the five waves. Wave 3 may be longer than Wave 5 or shorter than Wave 5. However, it is generally not shorter than the 1st, 2nd or 4th wave, otherwise it will not be the main rising wave or the main falling wave. This is not difficult to understand if you look at last year's bull market and this year's bear market. Whether it is a bull market or a bear market, after entering the third wave, the rise or fall is much larger than before. ”

Wang Minghui nodded thoughtfully and said, "It seems to be the case." ”

Li Xin chatted with a few of them for a while, then got up and went downstairs, ready to drive to the swimming pool to swim.

As soon as he arrived downstairs in the parking lot, his cell phone rang. As soon as he saw that it was a strange caller, he asked, "Hello, who is it?"

"It's Li Xin, right? I'm the old Yang of the bank. The person on the phone said.

"Old Yang of the bank, oh, it's President Yang that we talked about last time, right?" Li Xin hesitated for a moment, and immediately reacted.

"Yes, yes, I'm President Yang, we talked last time. President Yang on the other end of the phone said as he muttered in his heart: It seems that this young man doesn't remember his phone number at all. His phone number can't be obtained by many people who have sharpened their heads, but after he took the initiative to call Li Xin last time, he didn't even write down his phone number, and this young man was too blind.

"Governor Yang, what's the matter?"

Two weeks ago, the price of copper was around 33,000 yuan, but since then, it has not risen, but has gone lower and lower. Today is even more surprising, and when it closes, it is actually a falling limit, closing at 27,690 yuan, what is going on?"

Li Xin was taken aback when she heard this. During this time, his mind was on the stock market, and since he closed all his positions in futures copper, he rarely paid attention to the trend of futures copper prices. He clearly remembered that the price was around 31,850 yuan when he first closed the position. Now it has only been a long time, and the price of futures copper has fallen by nearly 4,000 yuan!

When he closed the position, he felt that the copper price was already a little low, but he didn't expect that the copper price would fall below the integer mark of 30,000 yuan.

Even if Li Xin was bearish on the price of copper half a year ago, he would not dare to imagine the current price of about 27,000 yuan, knowing that this price has fallen back to the level of four or five years ago. And judging from what Governor Yang said just now, copper prices are a falling limit today, which means that copper prices will continue to fall in the coming period.

If we take into account the importance of copper metal in various fields of the national economy, it is not a problem at all to say that it is the most important non-ferrous metal.

Li Xin remembers very well that the bull market in copper prices came much earlier and rose more than the bull market in the stock market last year. But now that the stock market has risen more than 20% from the bottom of 1664 points, there are obvious signs of bottoming, why is copper prices still falling?

Now that copper prices have repeatedly hit new lows, and the broader stock market index has also shown signs of correction near the 60 moving average, is this a coincidence or is there an inevitable connection?

Does the fact that the price of copper metal cannot rise shows that the economic recovery is not obvious from another level? In this case, it will certainly be difficult for the stock market to continue to rise sharply, because my view of the trend of the market is completely wrong? Or at least I am too optimistic, there will definitely be a bull market in the future, but it will not happen in front of me?

"Is the copper price really a falling limit today?" Li Xin asked.

"Of course, this price has hit a new low for this round of decline. Why, haven't you paid attention to the trend of copper prices?" Governor Yang thought it was very strange.

"I didn't pay much attention to the trend of futures copper prices after I closed my short position, and now I mainly focus on the stock market. Li Xin told the truth.

I remember last time you said that about 30,000 yuan should be the bottom area of copper prices, but now why does it continue to fall after falling below the 30,000 yuan mark?"

"I don't understand this, to be honest, I can't imagine that the copper price will fall below the 30,000 yuan mark, otherwise I wouldn't have closed those positions around 32,000 yuan. ”

"Alas, this price is really eyeglasses, I don't know where it is. Governor Yang said.

Li Xin asked: "President Yang, what about the assets pledged by the Southern Group in the bank now?"

"That's the biggest headache right now: copper prices are falling, and the assets of the Southern Group are not being cared for. Governor Yang said.

Li Xin felt very strange: "It stands to reason that it shouldn't be like this, after the large-scale infrastructure plan was introduced on November 7, how much should have an effect on copper prices, how can it go lower and lower?"