Chapter 542: Where's the End?
Li Xin took out a cigarette, took out one and handed it to Wang Minghui, and then continued: "You pay attention here, on November 28 last year, the market index has fallen from 6,100 points to 4,765 points, and the decline is already considerable, right? But after falling below 4,800 points, in just a few days, by December 11, the market index rose again to 5,204 points, which seems to be a sign of wanting to rebound." Since then, although the broader market index has retraced from 5204 points on December 11 to around 4790 points on December 18, you should pay attention to this: 4790 points at this time and 4765 points on November 28 formed a very typical W bottom pattern. Once this pattern is formed, the rise becomes a high probability event. The lowest point of the day on December 18 was 4790 points, but it closed sharply higher at 4836 points, and the effect of the double bottom pattern has appeared. Sure enough, on December 19, the stock market index rose sharply, and the stock market index rose sharply by 105 points on this day, and the closing index was 4941 points, an increase of 2.18%. On December 20, the index rose by 101 points again, an increase of 2.08%, which is obviously relying on the double-bottom pattern to continue to attack. Interestingly, on this evening, the news of the sixth interest rate hike last year was broadcast. That is to say, when the stock market index has fallen from 6100 points to around 4800 points, as long as the stock market continues to rise, in order to cool down the overheated stock market, it will still use interest rate hikes to suppress it. So with this in mind, I didn't dare to buy even if the index broke through the 60 moving average in early January this year and rose to around 5,500 points. Because I think that if the market index continues to rise again, it will face more stringent regulatory measures in the future, and it will not rise. The subsequent trend verified my judgment, and the rise of the broad market index from 4,800 points to 5,500 points is just the second wave of the five downward waves, which is a correction wave, which cannot change the entire downward trend. ”
"Well, where did I expect to get this! I don't know what I thought at the time, but I actually bought it at that price. Not to mention 5,300 points, in fact, looking back at May, when the market index pulled back from 3,000 points to around 3,600 points, you shouldn't buy it. At this time, the index is still pressed below the 60 moving average, and the downward trend has not changed, don't you say?" Wang Minghui said dejectedly.
"Yes, the correction of the broad market index from 3,000 points to 3,600 points is just the fourth wave of five declines. This wave was followed by the 5th wave, which fell the most ferociously, and it has not ended until now. You see, the market index fell to a low of 1,802 points on September 18, but it rebounded sharply to 2,333 points on September 25 in the next five trading days. This is not a small increase, but its highest point is still pressed below the 60 EMA, and as you said, the downtrend has not changed. So now it's October 9th, and the broader market index has fallen to around 2,100 points. ”
"It's really up and down, when do you think it's the bottom?"
"It's hard to estimate. It is said that the bull market does not say the top, the bear market does not say the bottom, and no one can say where the real bottom is. However, I think the previous low of 1800 points on September 18 is already very low. If you look at the starting point of this bull market rally the year before last, that is, around 1,600 to 1,700 points, right? The broad market index fell from the end to the beginning in this year's time, and there won't be much room for further down. Now the question is when will it reverse, is it a V-shaped reversal or an L-shaped reversal? If it is an L-shaped reversal, it means that the market index is likely to fluctuate around 1800 ~ 2000 points for a long time. ”
"That's going to be tough. ”
"It's all fallen to this time, and I have to stay up, otherwise what should I do?" Li Xin said.
"You haven't bought stocks in more than a year, so what have you done?"
"I'm going to do futures. ”
"Which breed to make?"
"Copper. ”
"The stock market has fallen like this, there should be a lot of people who pump funds to do futures, right?"
"It seems that yes, there were fewer people doing futures during the bull market in the stock market last year, but when the stock market was in a bear market this year, there were relatively more people doing futures. ”
"Did you make any money?"
"Earned a little. ”
"You kid can, you escaped the bear market in the stock market and made money in the futures market. ”
"Hey, it just happened. Why doesn't Long Yunkai come here often?"
"It's nice for him to come over once or twice a week, and I heard him say that his stock is also trapped. ”
"Oh. ”
"I haven't seen you come over for so long, are you going to come here now?"
"No, I'm just passing by today, so I'll come in and talk about it. My position in the futures market has not been closed yet, and my mind is still on the futures market, and I have not seen the opportunity in the stock market, so I dare not enter the market rashly. ”
"My funds are trapped, and there is no extra funds, otherwise I would like to make up some more positions in this position. Compared with the price I bought twice, the current stock price is only 1/3~1/6 of the price, so it's a pity that I can't buy it. ”
"But the current economic situation is really not optimistic, the stock market at home and abroad is still plummeting, the financial turmoil on Wall Street is now intensifying, and it is still unclear when it will be a head. In this case, the stock market may continue to fall, even if there is not much room to go down, but the pattern of hovering at a low level for a long time is difficult to change for a while. ”
"Well, that's right. ”
Li Xin persuaded: "The trend is difficult to change, if you want to buy, you might as well wait and see, there will be opportunities in the future." I'll give you an analogy, Newton's first law, which we learned in middle school, says that an object always remains at rest or in a straight line at a uniform speed until an external force acts on the object to change this tendency. He's talking about the concept of a trend, and the trend in the stock market has a similar phenomenon. Whether it is an upward or downward trend, once it has formed, it is difficult to change. For example, the bull market before November last year will not change until several consecutive interest rate hikes appear. The same is true of the bear market from November last year to the present, and it will continue unless there is a very significant event that can change the trend. At least time will be exchanged for space, and only when quantitative changes lead to qualitative changes will the market reverse. So I just said that even if the bottom is not far away, but if it is an L-shaped bottom, it is very likely to linger at the bottom for a few months or even half a year, and it is not very uncomfortable for you to face shocks and fluctuations when you go in now?"
At this time, a person next to him turned around and said, "Hey, your statement is quite novel." ”
Wang Minghui introduced Li Xin: "This is Wang Haoqiang, that is Zhang Shaohui." Then he introduced Li Xin to the two people and said, "This is Li Xin." In the future, there will be 5 of us in this large room. ”
Li Xin said: "Yes, yes, communicate more in the future." ”
Although Li Xin's resignation Jin Changxing and Jiang Hua handled it in a low-key manner and did not publicize it too much, there is no impermeable wall in the world, and many people still knew about it a day later.
Lin Li almost couldn't believe his ears when he first heard about it. He quietly ran upstairs, pretending to have something to do upstairs, walked through the door of Li Xin's office, and saw that Li Xin's office was tightly locked, so he believed the rumors.
After walking a few steps from the door of Li Xin's office, he immediately turned around, turned into Yu Hong's office diagonally opposite, and asked Yu Hong: "I heard that Li Xin resigned, is this matter true or false?"
"Can this be fake? It must be true. ”
"Why is this?" After getting Yu Hong's affirmative reply, Lin Li made a surprised expression on his face, but he was secretly happy in his heart.
"I don't know. ”
"No, you, the chairman's secretary, will always know some inside information. ”
"Well, I really don't know. ”
"Did Xia Xiaona resign too?"
"No, I don't. ”
"Then this is strange, Li Xin resigned as soon as they came back from their honeymoon, and Xia Xiaona is still staying in this company, it can't be something wrong with these two people's honeymoon, right?" Lin Li rolled his eyes and inquired in a roundabout way.
"You can really guess, what are you doing on someone else's honeymoon about resignation?"
"There's nothing going on now, and the two of them divorced a lot just after their honeymoon. ”
Yu Hong frowned: "I said that your psychology is really dark enough, a colleague in the company, can't you expect others to be good?"
Lin Li was a little embarrassed by Yu Hong's words: "I don't mean anything else, I just think this thing is quite strange, so I asked casually." After speaking, he left Yu Hong's office and hurried downstairs.
Although he still hasn't figured out why Li Xin resigned, and he doesn't know whether Li Xin's resignation is something wrong with Xia Xiaona's relationship.
But he believes that this incident is a sign that Li Xin and Xia Xiaona's future outcome is showing signs of developing in the direction he wants.
Although Xia Xiaona is already Li Xin's wife, Lin Li's thief heart towards Xia Xiaona is still immortal.
Before, Li Xin was waiting around Xia Xiaona, Lin Li didn't dare to act even if he had an idea in his heart, but now that Li Xin has resigned and left the Southern Group, Xia Xiaona has no protection around her, which brings Lin Li a great opportunity.