Chapter 393: Demon Trend
"Not yet. ”
"Hurry up and sell it, this price is about to collapse!"
"Okay, okay. ”
Lin Li hung up the phone, wrapped his coat tightly and came out of the grocery store, and walked across the street towards the small restaurant. He thought as he walked: This Ma Tianming is also capable, yesterday he just said that the price of sugar was going to fall, and today he immediately fell by 200 yuan. This sugar has to be sold quickly, otherwise the price will fall too quickly, and it will be troublesome for Ma Tianming to blame it at that time.
Li Xin returned to the office after eating and slept on the sofa for a while, and before 1:20 p.m., he got up and sat at the computer quietly waiting for the afternoon to open.
To his disappointment, the afternoon disk did not continue the rapid decline in the morning, but out of a wave of sideways trend, and by the end of the afternoon, the price rose slightly from the morning close, closing at 4520 yuan.
This price is neither high nor low, which makes it difficult for Li Xin to do.
Looking at the candlestick chart, the two black candles yesterday and today look particularly eye-catching after the rise of 8 consecutive white candles, which clearly indicates that a wave of correction is coming.
Li Xin thought to herself: 200 points further down should be visible.
Xia Xiaona went upstairs to deliver the documents, and when she passed by the door of Li Xin's office, she saw him sitting in front of the computer in a daze, so she walked in and asked, "What are you busy with if you don't go back at noon?"
Li Xin came back to his senses from his contemplation: "Look at the trend of sugar prices. ”
"What's the trend today?"
"It's a little bit down. ”
"Are you still bullish?"
"Yes. ”
"Did you buy it?"
"Not yet. ”
"I heard from the people in the sugar branch that the price of sugar has risen sharply recently, will it be risky for you to continue to be bullish?"
"Of course I'm not going to chase high, I'm going to wait for it to pull back before I buy it. ”
"Oh. ”
Li Xin's idea is the same as Ma Tianming's, but Ma Tianming's imagination has much more room to fall than Li Xin thinks, and he thinks that at least five or six hundred yuan will fall at the current price.
He knows that futures prices tend to change faster than the selling prices in the market, and that the futures market has now begun to lead the decline, so the sales prices in each sales area will immediately follow.
So on this day, he stayed in the office, watching the futures price trend, and at the same time was busy calling the district managers in various offices, urging them to sell sugar quickly.
Now he has lowered the price authority for these district managers by 50~100 yuan. He didn't want to put this batch of sugar in his hand with a very advantageous cost price because of the rapid decline in prices.
He is now very good at the sugar business, and he never expects huge profits, he wants small profits but quick turnover.
This wave of prices is good, and after selling the sugar quickly, the profit obtained is more than the profit of last year. And it's still early, the crushing season has just begun, and after the funds are returned, they can do another wave when the sugar price falls.
For the long-term trend of sucrose, Li Xin is bullish and Ma Tianming is bearish. However, the two have roughly the same view on the short-term trend.
But the market did not go in the direction the two had envisioned.
On the next trading day, the futures price opened at the closing price of 4520 on the previous trading day, and then gradually declined, hitting a low of 4440 before 10:00 a.m.
This price trend is the same as yesterday, and the bears are obviously going to take advantage of the victory to chase down the price.
Just when Li Xin was waiting for the price to continue to break down, the downward momentum was suddenly contained. A wave of strong buying, within a few minutes the price quickly rose to around 4500, at 10:15 in the morning when the market closed, the morning after the opening of the decline was completely recovered, the long and short sides in this position game is very obvious.
In the remaining trading time, the price has been around the 4500 yuan mark, up and down a dozen or twenty points back and forth, to the afternoon closing, the price miraculously closed at the position of 4520.
On the candlestick chart, today is a Doji, and the lower shadow is much longer than the upper shadow.
The appearance of a doji on the chart generally means that a wave of market is about to turn around. If the lower shadow is relatively long, it means that the bargain buying is very strong, and it is obviously a signal that it cannot fall and wants to turn around.
Li Xin looked at this doji and wondered a little: If you fall to this position, you can't fall down? From the low point before the Spring Festival to the highest closing price of 4,707 yuan in half a year, a total of more than 1,000 yuan has risen, and it is only a drop of 200 yuan to this position, and the callback is far from enough.
Should you open a position at this position? If you don't buy at this position, you may miss the opportunity again.
But after thinking about it carefully, he rejected this idea again: it is better to miss than to do wrong. If you miss it, you miss it, it's always much better than a duvet cover. No matter how patient you are, you will always have a lot more chances to get in than to play.
After making up his mind, he immediately turned off the futures market software and concentrated on other things, he didn't want to be bothered by the candlestick chart anymore.
On the second day, sucrose futures changed the pattern of continuous flat opening in the past few trading days, gapped, opened 40 points higher, and the opening price was 4,560 yuan.
And in the next 5 minutes, the price rose rapidly by 30 yuan, and came to the 4590 mark, and it was about to hit the 4600 yuan mark.
Li Xin thought to herself: Sure enough, the trend has reversed, and it seems that yesterday's hesitation missed the best opportunity to enter the market.
But just when he was annoyed, the price of sugar turned down again, and walked out of a wave of lower and lower downward trend. By the end of the morning, the price had tested yesterday's low near 4440.
Today's long black candlestick completely covers yesterday's long lower shadow. Li Xin gasped: the original judgment was that the callback was far from enough, but now it seems to be correct, fortunately, I didn't buy it yesterday. If today's close is lower than 4440, then yesterday's Doji was just a stop on the way down.
Whether the market will continue to fall, or will it reverse, will largely depend on how it develops this afternoon.
So at noon today, like yesterday, he went downstairs to the cafeteria to eat, and then came back early to rest on the sofa for a while, and sat in front of the computer before 1:30 to stare at the price trend.
Looking at such a rapid downward trend this morning, there is a possibility of a downward breakout in the afternoon. If the price really falls by about 200 yuan from yesterday, he plans to buy and open a position immediately.
However, after the opening of the market at 1:30 p.m., the trend of futures prices once again exceeded his expectations: the price did not continue the rapid decline in the morning, but slowly and gradually climbed, one wave higher than the other.
Although the speed of the rise is far from being comparable to the speed of the decline in the morning, it is quite steady, and the price is back above 4,500 yuan by the end of the afternoon, and the closing price is 4,535 yuan.
Li Xin, who was a little dizzy and dizzy by the price trend within three days, secretly scolded: MD, no wonder you say that you are a demon candy, this trend is completely confusing!
Having said that, Li Xin calmed down and took a closer look at the K-line chart, but found some clues from it: the number 4440 sounds a little unlucky, and Li Xin, who has never been superstitious, does not believe in those vain things.
However, the two waves of rapid decline yesterday and today, the price has just fallen to the 4440 level, and it was immediately pulled up again by the surging buying.
These two long lower shadows in a row are not one golden needle to probe the bottom, but two golden needles to probe the bottom. This is clearly telling the market that the price can't go down.
In the view of Li Xin, who was originally a long thinker, the signal given by the market was completely in line with his own prediction.
And he looked at it from a different angle.
It turned out that I felt that based on the closing price, the decline from the 4700 mark was only 200 yuan, which was obviously not enough.
However, if you look at the lowest point of the lower shadow line, from 4440 yuan to 4707 yuan, the decline has been close to 300 yuan. The decline of 300 yuan has accounted for 1/3 of the increase of about 1,000 yuan, and from this point of view, the pullback is not low.
Especially now that it is clearly a strong pattern of bulls, it is impossible to expect a pullback that is too large. If the pullback breaks through a certain lower limit, the upward trend is broken again, and whether it is time to buy or not will have to be reconsidered.
Thinking about it this way, he suddenly realized that the price fell to around 4440 again today, in fact, the market was giving him another best opportunity to enter, but he missed it in hesitation.
He secretly made up his mind in his heart: if it does not fall below 4440 yuan before the close of trading tomorrow, he will resolutely buy and open 1,000 hands.
On the third day, the price of sucrose slightly higher by 10 yuan, and then fluctuated widely around the opening price, the highest did not break through the previous day's 4590 yuan, and the lowest did not fall below the integer mark of 4500 yuan.
Although the trend of price rise and fall is not obvious, there is an obvious phenomenon that is exactly the same as the trend of the previous days, that is, the price tends to fall in the morning, but the price is going up in the afternoon.
After 2 o'clock, looking at such a price trend, Li Xin decided in his heart that the bottom had been proven, and the price could not go down further, so he began to buy and open positions in batches.
More than 10 minutes before closing, he bought all 1,000 lots and opened a position, and the cost price was 4,531 yuan.
After all this, he leaned back in his chair and sighed: Finally, he didn't have to worry about it anymore!
Because of the lack of detailed data support, coupled with the volatile price of sucrose, he himself felt that this time to buy and open a position in sucrose futures was much more tiring than the previous investment decision.
It's like a person running around when you're lost, and you need to go back and forth to find your direction before the direction is determined, which is not only mentally tiring but also physically tiring. But once the direction is determined, the rest is to go in that direction. It's much easier mentally and physically.