Chapter 547: Over-Falling Rebound?

If he had been like him at that time, he had been able to express his true thoughts, or if there were a few more people in the group who dared to speak the truth like him, and if Liu Zhongzhou, Jin Changxing, Xue Chenzhi and others could listen to different opinions, then the Southern Group might not have come to this point.

Alas, it seems that sometimes not telling the truth is actually a kind of irresponsibility to oneself.

But now it's too late to regret it, even if you can tell the truth now, you still have to be listened to by the people above. And Zheng Guorui can't do this by himself, he can only control himself.

Because the copper price in the domestic futures market opened on the fall limit, the London copper price immediately continued to expand the decline, and after just ten minutes, the decline in the London copper price expanded to 7.8%.

The drop is the biggest intraday drop in London copper prices since February, and it has hit a new low.

In the following trading hours, because the copper price in the domestic futures market was pressed motionless on the falling limit, the domestic copper price had no suspense, and Li Xin paid attention to the trend of London copper price.

Since 9:30 a.m., London copper prices have been hovering back and forth at a low level, and by 3 p.m., domestic copper prices closed on the fall limit without any suspense, and London copper prices have gradually recovered from 7.8% to 6.5% in the course of this period of trading. The whole trend is showing a pattern of low shocks.

Judging from this trend, there is no suspense that copper prices in the domestic and international markets will continue to accelerate their decline.

What Li Xin didn't expect was that the change appeared at 21:30 in the evening.

At 21:30 that evening, the Dow Jones Industrial Average opened at 8568, 11 points lower than the previous trading day's close. There is nothing inherently surprising about this.

However, the change occurred within a minute of the opening, and at 21:31, the Dow Jones Industrial Average had fallen from the opening price to 8,355 points, and the decline expanded to 224 points, or 2.61%.

But that's just the beginning of change.

At 21:32 p.m., the decline of the Dow Jones Industrial Average continued to expand, showing an avalanche-like decline, and in just one minute, the decline continued to expand to 4.12%, a decline of 353 points.

The Dow Jones Industrial Average fell 7.33% yesterday and fell 4.12% just two minutes after the opening today, a decline that came as a surprise even to the bearish Li Xin. But this trend is obviously good for his short orders, so he is also happy to see it happen, and quietly waits to see how much the Dow will fall today.

After all, the news of the bankruptcy of the big Wall Street conglomerate reported in the financial news this morning has too much impact on the global financial market, and it should be a normal reaction for the Dow to continue yesterday's decline and get out of such a trend.

By 21:36 p.m., the Dow Jones Industrial Average fell below 8,000 points, falling to 7,908 points, a 7.82% drop from yesterday's closing point.

In other words, in just 6 minutes after the opening of today's market, the Dow fell more than yesterday's all-day decline.

"Damn, this is the trend of a crash!" Li Xin couldn't help but exclaim.

"What's wrong?" Xia Xiaona, who was sitting on the sofa and watching TV while munching melon seeds, turned her head and asked.

"Wall Street stocks have plummeted another 7.8%!" Li Xin replied.

"Really? I'll see. Xia Xiaona leaned over and looked at Li Xin's laptop on the coffee table.

Before Xia Xiaona could understand, Li Xin hurriedly said: "You will see it later, and you will see it later, I have to turn around now to see what the trend of copper prices in London is." After saying that, he was busy replacing the trend of the Dow Jones Industrial Index with the trend of copper prices in London. Because after the domestic futures copper price closed at 3 o'clock in the afternoon, the decline in London copper prices has been fluctuating back and forth between 6% ~ 7%, hovering at a low level. Now that the Dow has plunged 7.8% at the open, London copper prices will definitely be affected.

Sure enough, when he called up the time-sharing chart of London copper prices, he found that the London copper price, which had been maintained at a low level of 6% ~ 7% before 9:30, was affected by the Dow Jones' plunge of 7.8% within 6 minutes, and the decline quickly dropped from less than 7% to 12.5% now!

In Li Xin's impression, this should be an unprecedented decline in the history of copper prices in London.

Even though he has been bearish on copper prices all this time, he was stunned that the Dow Jones and London copper prices fell so much as soon as they opened today.

"The price of copper has plummeted again!" Li Xin jumped up from the sofa and startled Xia Xiaona.

"Look, where are you happy? ”

"Here, look, it's down 14.25% now!" Li Xin said to Xia Xiaona, pointing to the curve on the time-sharing chart that fell like a cliff.

"Really, how did it fall so much?"

Li Xin said: "The Dow Jones index plummeted at the opening, and copper prices fell with it. ”

But just when Li Xin happily reached out to the coffee table to get a cigarette, it seemed that his words had not yet fallen, and the situation suddenly changed again.

"What's going on, it's going up again?" Xia Xiaona said.

"Really?" After listening to Xia Xiaona's words, Li Xin hurriedly walked back from the TV cabinet. Just now, he took a cigarette from the coffee table and put it in his mouth, and then walked to the TV cabinet and picked up the lighter and lit the cigarette, he didn't believe that the market would reverse in these ten seconds.

But when he returned to the sofa and sat down to take a closer look, the time-sharing curve on the laptop screen that had just flowed down 3,000 feet was falling to a low of $4,570, a minimum decline of 14.73%, and then quickly rebounded like a ping-pong ball falling from a high place hitting a hard concrete floor. The decline quickly retraced from the lowest of 14.73% to 10.34%. That is, in less than half a minute, the London copper price quickly rebounded almost 5% from its lowest point.

But that's not all, in the next two minutes, at 21:40 p.m., the decline in copper prices quickly recovered from 10.34% to 7.5%. Then the price of copper fluctuated in this place for about half a minute, followed by another wave of rapid rise, and at 21:44 in the evening, the decline in copper prices narrowed from 7.5% to 4.3%.

This drop is only about 60% compared to the 14.73% drop ten minutes ago, even compared with the 7.5% drop at 14:30 p.m.

Li Xin was stunned for a moment, and he muttered, "What's going on?"

Xia Xiaona asked: "Didn't you say that the fall in copper prices just now was caused by the collapse of the Dow Jones index? Could the current rise in copper prices also be due to the Dow Jones index rising again?"

A sentence woke up the dreamer, and Li Xin quickly replaced the graphics on the computer screen with the time-sharing chart of the Dow Jones Industrial Index. The results shown on the chart are exactly as Xia Xiaona said, the Dow Jones Industrial Average has just rebounded after a sharp decline at the opening: after the Dow Jones Industrial Index hit a low of 7882 points at 9:37, it also came out of a wave of patterns that exactly follow the trend of London copper prices. At 21:40, the Dow Jones Industrial Average quickly rebounded from its lowest point to 8253 points, and the decline quickly narrowed from the lowest point of 8.1% to 3.80%.

At 9:40~9:41, the Dow Jones stopped at the 8245 line for a while, and then quickly rose to 8459 in just three minutes, and the decline further narrowed to 1.40%.

"It's really because of the rebound of the Dow that copper prices have risen. Li Xin said.

"With such a sharp fall, can't it go down?" Xia Xiaona asked.

Li Xin thought for a while: "It shouldn't be, if it can't fall, it should rise as soon as it opens, but today's opening decline has never been seen." ”

"But such a sharp shock is not a good thing, you look at the low point to the high point, how much your 4000 hands of short order profit has shrunk in an instant, or you hurry up to close the position?"

"No, this situation is a bit abnormal, could it be that there is any news? But I haven't heard any bad news this afternoon, and I have to wait for the news to be implemented. Besides, it closes at 3 p.m., and even if I want to close my position now, I will have to wait until the market opens at 9 a.m. next Monday. ”

"And what kind of news do you think it will be?"

"I don't have a clue about this, I really can't guess. ”

"So just wait?"

"That's the only way!" Li Xin said helplessly.

"After the futures market closes at 3 p.m., if there is an adverse change in the price of the external market, is it often helpless?" Xia Xiaona asked.

"Hmm!" Li Xin nodded.

"That's a bit passive. ”

"No way, the transaction time is too short. ”

While speaking, the Dow Jones index rebounded to 8459 points and then began to oscillate, the lowest point recovered to 8309 points, and then it oscillated back and forth between 8450~8343 points, which lasted for more than 10 minutes.

At 22 o'clock in the evening, the Dow rose rapidly from 8380 points to 8662 points in just 7 minutes. This is an increase of 83 points, or 0.97%, from yesterday's close.