At the same time, copper prices in London have also moved out of the corresponding trend in the process of the Dow Jones index volatile and stretched. At 22:08, the London copper price recovered to $5,118, a decline of 4.5%.

She's right, and it's undoubtedly a sharp rise and fall, as the London copper price has risen by 10% in less than half an hour from the lowest point to now.

Li Xin now thinks that there must be some bad news, otherwise the trend of copper prices will not be like this.

But what kind of news will it be?

Just when he was using his brain to figure out what kind of bad news would come out, from 22:09, the Dow Jones index began to gradually decline from 8662 points.

At 22:18, the Dow Jones fell to 8431 points, falling below the close of the previous trading day, falling by 147 points, or 1.72%.

But at this time, the decline was not over, at 22:21 the Dow rose to 8517 points, and then began to fall, and at 22:43, the Dow fell to 8232 points, down 346 points compared with the previous trading day, and the decline expanded to 4.04%.

At the same time, copper prices in London also started to move down with the Dow Jones Industrial Index.

At 22:46, the London copper price fell to $5,033, down 6.1% from the previous session.

By 23 p.m., the Dow Jones Industrial Average fell to 8,079 points, down 499 points, or 5.83%, compared to the previous trading day.

The London copper price also fell to $4,961 at this time, a decline of 7.4% compared with the previous trading day.

Li Xin scratched his head and thought: No, what kind of trend is this? If there is really bad news, the Dow Jones and copper prices should continue to rise, but the trend after 22 o'clock in the evening is obviously a trend of rising and falling.

Xia Xiaona, who was watching TV while paying attention to Li Xin, saw Li Xin's behavior like this, so she asked, "Is there something wrong again?"

Xia Xiaona's question dragged Li Xin back from her contemplation: "Well, oh, no. I thought it was some bad news, but after 10 o'clock, the decline continued to expand, and this trend does not seem to be the trend after the bad news, but like a trend of over-falling rebound. ”

"That means it's still down a lot, right?"

"Yes. Even if the London copper price does not take into account the previous decline, the biggest drop today alone fell by 14.73%, which is already an unprecedented decline. As for the Dow Jones Industrial Index, it fell by 7.33% yesterday and fell by 8.1% today, with a total decline of more than 15% in two trading days, which is also an unprecedented decline. ”

"Could this be the bottom?"

"I don't know. But even if this is the bottom, the Dow Jones and London copper prices should be struggling back and forth around today's lows for quite some time, and there is little chance of a V-shaped reversal immediately after such a historically rare decline. Because even if there is news that is bearish for the bears, it is impossible to completely change the very bad fundamentals in a day or two. Therefore, even if you want to close the position, you can wait and see, otherwise it is likely to be disadvantageous to close the position after chasing the highest price in the process of a sharp rebound. ”

Xia Xiaona looked at her watch and said, "In this case, let's rest early, it's past 11 o'clock now." ”

"Why don't you go to sleep first, I'll wait tonight to see what the closing point of copper in London is. Li Xin said.

Xia Xiaona raised her eyebrows: "No, you promised that I wouldn't stay up late, and I would go to bed after 11 o'clock." ”

"If you don't go to work tomorrow, you can sleep in. Li Xin quibbled.

"Your words don't count, then I'll stay up all night with you, and I'll go to bed at 2:30 at night!" Xia Xiaona made a killer move.

When Li Xin heard this, he had no choice but to raise his hand and surrender: "Okay, okay, wash your face and sleep." ”

Day 2, Saturday, October 11.

After getting up in the morning, Li Xin opened his laptop and saw the long black line that the London copper price closed last night, and he was very happy. The opening price of this black candlestick is $5,200, which is the highest price of the day. The lowest price was $4,570 and the closing price was $4,615, down $745, or 13.9%, from the previous trading day.

London copper prices began to fall on September 24 and continued to last night with a total of 13 candlesticks. In these 13 candlestick charts, not to mention that almost every K-line chart has the lowest price and closing price of the day is pressed below the 5-day moving average, which is the highest price of the day, except for the upper shadow of the K-line chart on October 8, which slightly punctured the 5-day moving average, the highest price of the other 12 K-line charts did not break the 5-day moving average.

Last night, the long black candle, which fell by 13.9%, kept the closing price and the lowest price away from the 5-day moving average, showing an accelerated downward trend. This trend proves that the rapid rally after the collapse of copper prices last night is nothing more than an over-falling rebound, and in the absence of fundamental changes in fundamentals, London copper prices will continue to be beaten down by short-selling forces when they rise to high levels. This is the best news for the 4,000 empty orders held by Li Xin.

But when he opened the Dow Jones Industrial Average chart last night, the excitement just now disappeared in an instant: last night the Dow Jones Industrial Index closed a small black candle with very long upper and lower shadows, the opening point was 8568 points, the closing point was 8451 points, the lowest point was 7882 points, and the highest point was 8901 points. Compared to the previous trading day, the closing point was only 128 points, or 1.49%.

This is a drop in the bucket compared to the 13.9% drop in the price of copper in London.

There is a pattern in the candlestick chart called the golden needle bottom, which refers to the situation like this candlestick chart that the Dow closed last night, and the lower shadow on the candlestick chart is very long.

The upper shadow on the candlestick chart is very long, indicating that the selling pressure on the upper band is very heavy, while the lower shadow is very long, indicating that the buying power of the lower band is very strong.

The pattern of the golden needle probing the bottom on the K-line chart is that in the process of plunging, the market quickly probed the bottom of the price, and then quickly rebounded from the bottom, which is shown on the K-line chart that there is a long lower shadow line, commonly known as the golden needle bottom. This candlestick chart pattern indicates that the price will bottom out.

After carefully studying the time-sharing chart of the Dow Jones Industrial Average last night, Li Xin saw the reason why there was such a big gap between the decline in copper prices and the decline in the Dow Jones.

I turned off my computer at 23:00 last night and went to bed, but the Dow Jones Industrial Average began to fall gradually from 8366 points at 23:01 last night, and after back and forth tangled shocks, at 23:56 in the evening, the Dow fell to 8079 points, a decline of 5.83%.

From 23:57 in the evening, the Dow Jones index began to rise gradually from 8080 points, and by 00:42 in the morning, the Dow rose again to 8327 points, and the decline narrowed to 2.93%.

At 00:47 a.m., the Dow began to fall again, gradually falling from 8,331 points, and this decline continued until 1:56 a.m., when the Dow fell to 7,978 points, down 600 points from the closing point of the previous trading day, and the decline expanded to 7.01%.

At this time, the Dow Jones Industrial Average has once again reached the point near the lowest point of the day, which quickly fell after the opening of the market at 9:36 p.m. yesterday.

The Dow Jones Industrial Average continued to decline towards its lowest point of the day near 2 a.m., which led to a 13.9% decline in London copper prices that closed near the lowest point of the day at 2:00 p.m.

However, after the London copper price closed at 2 a.m., the Dow Jones Industrial Average came out of a wave of low-level rebound.

At 2:01 a.m., the Dow Jones Industrial Average began to rise gradually from 8,006 points, and by 2:12 a.m., the Jones index had risen to 8,272 points, and the decline narrowed to 3.58%.

This was followed by a wave of back and forth that lasted for more than 40 minutes, and the Dow Jones index gradually fell from 8272 points to 8040 points at 2:55 a.m., and the decline expanded to 6.28%.

At 2:56 a.m., the Dow Jones index began to rise gradually from 8267 points, and this wave of gains continued until 3:35 a.m., and the Dow Jones Industrial Index rose to a maximum of 8901 points, a full 322 points, or 3.75%, compared with the previous trading day.

In the more than 20 minutes before the close at 4 a.m., the Dow Jones index gradually retreated from 8901 points, and finally closed at 8451 points, and the decline finally stabilized at 1.49%, forming this small black candle with a long upper and lower shadows.

This trend makes Li Xin a little difficult to figure out. If the Dow Jones Industrial Average moves like the London copper price with a long black candle, it proves that copper prices will continue to fall in the future.

But the Dow Jones Industrial Average chart, which closes at 4:00 a.m., shows some different information. This kind of trend is not only like the market really has some bad news, making the Dow trend bottom out, but also like short-term speculators' bargain speculation. Because the U.S. stock market can be traded in both directions, and it is a T+0 trading mechanism. If you go up too hard and fall too hard under this trading mechanism, there may be a huge opportunity to go short or long.