This is once again a continuous decline limit, which is extremely favorable for the bears. As time goes on, lower and lower prices will gradually collapse the confidence of the bulls, and the more long positions with a stop loss, the more room there is for the price to break down.

Now it depends on when the bullish camp will diverge, once the bullish camp is differentiated, if someone takes the lead in stopping the loss and leaving the market, the price will be like a bamboo, and it will plummet.

Today's opening price is below yesterday's down limit, and continues to move away from the 5-day moving average, showing a huge advantage for the bears, after the official start of trading at 9:00, the down limit version has not been opened for more than an hour.

Perhaps the bulls who dared to buy the dip at the line of 32,000 yuan in the previous three or four trading days felt that the price below 30,000 yuan was really outrageous, so from 10:31 a.m., the buying orders on the dip gradually appeared again, and the fall limit was opened.

By 10:53 a.m., the price had risen to 30,190 yuan, returning to the integer mark of 30,000 yuan again.

However, the good times did not last long, and the price only lasted for a very short time before being suppressed, and by 11:16 in the morning, the price was hit to the limit again.

The return to the price on the lower limit further triggered the bulls' impulse to buy the dip, and buying surged again, and from 11:17 a.m., the price continued to move higher. By the time the market closed at 11:30 a.m., the price had risen to 30,080 yuan.

After the opening at 13:30 in the afternoon, the price fluctuated in a narrow range from 30,140 yuan to 29,700 yuan. It was only near the close that the price was suppressed from the position of 30,100 yuan to the fall limit of 29,540 yuan.

At 14:49, the price lasted on the falling limit for 6 minutes again, and at 14:55, the price was pulled up from the falling limit again, closing at 29,780 yuan.

Although the price rose slightly at the close, making today's K-line chart a small white candlestick, this closing point still fell by 1280 yuan compared with the previous trading day, a decrease of 4.12%.

Moreover, today's trading volume has been greatly enlarged to 96,000 lots, and judging from the form on the candlestick chart, the downward trend of breaking is very obvious.

It has to be said that compared with the bears, the strength of the bulls is still significantly insufficient.

On November 3rd, 4th, and 5th, copper prices fluctuated back and forth in the three days, and there was no direction at all, and there was a messy feeling. If you use an analogy, it is as if a person with a disordered mind is talking nonsense, and the words that do not match the preface and the afterword make it difficult to see what kind of way of thinking he is.

However, on November 6th, there was a falling limit, and on November 7th, most of the time on the falling limit, the trend was quite clear, although the closing broke through the falling limit, and the price closed a little higher, but the overall trend in the past two days was to break down. In particular, on November 7, the price of the falling limit has fallen below the integer mark of 30,000 yuan, compared with the situation of complete uncertainty and back and forth in the three days from Monday to Wednesday, the overall trend of copper prices in the future will continue to fall is very obvious.

Looking at this trend, Li Xin couldn't help but think in his heart: When will the copper price fall to the end? I thought that the integer mark of 30,000 yuan was already a price that could not be lower, but the situation in front of him was that there was not too much entanglement at the integer mark of 30,000 yuan, and such an important threshold was easily broken. Such a trend of two consecutive falling limits indicates that there is still a lot of room for copper prices to continue to fall. Where the hell is this? Li Xin couldn't think about it.

That is, on November 7th, the copper price continued to break downward, and the price continued to plummet close to the falling limit (of course, it is not just the copper price that breaks down like this, the copper price is just a good representative, and the asset price represented by it continues to fall sharply.) No one can estimate where this decline is), and it immediately triggered a shocking news.

At around 7 o'clock in the evening, Li Xin, who was sitting in front of the TV watching the news, suddenly heard the news that in order to hedge the risk of a rapid economic downturn, China will launch a large-scale infrastructure construction plan. This plan mainly covers the construction of roads, railways, airports, and bridges, with a total scale of several trillion yuan.

Li Xin was stunned when he heard this, he instinctively realized that this was an unprecedented major move, and the scale was unimaginable. Such a large-scale infrastructure plan will certainly bring an excellent opportunity to revitalize the current extremely sluggish economy. At the same time, it will also bring a very good boost to the capital market, which has been falling for a year. In this way, the fundamentals of the entire economy have changed.

It seems that he was right to close all the short orders not long ago, and judging from the price trend over the years, the copper price fell to the current position, which should be the time to buy the dip. If you also consider the economic stimulus plan broadcast on the news tonight, it should be a good time to go long on dips. And this opportunity to go long on dips is not only for copper, but also for stocks and some other important asset prices, compared with the price a year ago, it is basically only 1/3~1/4 of the original.

Thinking of this, and thinking of the fact that although the price of copper in the futures market has continued to plummet in recent days, there are more and more bulls buying on dips.

As the so-called Mo Daojun walks early, there are even more early pedestrians!

Although I have closed the short order early, I still don't have the confidence to go long on dips.

Compared with those who have already started to go long, they do not have the advanced vision of others, and they have not been able to foresee in advance that the economy is in such a downturn, and there will be some major changes.

But even if he thought of this, because he had never encountered such a situation before, coupled with the fact that the copper price had almost closed with a continuous decline in the past two days, and the living example of the Southern Group in front of him, Li Xinsi still did not dare to go long on the copper price backhand.

It should be a good opportunity to go long on dips, but the question is what to buy?

Li Xin felt an inexplicable excitement in his heart, he was very eager to find someone to talk to, but who to talk to?

Suddenly, he thought of Long Yunkai. Yes, just look for him, this guy is in business, and he has the most say in how much such a large-scale infrastructure plan will have a stimulating effect on the real economy.

So he quickly took out his mobile phone, found out Long Yunkai's phone and called: "Mr. Long, what are you busy with?"

"It's Li Xin, I'm at home. ”

"Are you free at this time?

"No problem, you're always welcome, you say. ”

"Did you just watch the news?"

"Look, you're not going to talk about the same large-scale infrastructure plan that was broadcast on the news just now, right?"

"yes, that's what I'm talking about, and you've noticed?"

"Such an important thing, I must have noticed. Just now I was discussing this matter with a few friends in the industry, and as soon as the call to them ended, your call came. ”

"What do you think about this?"

"This must be a good thing for me! From the beginning of this year to the present, the ex-factory price of steel is getting lower and lower day by day, and the profits in my factory are getting thinner and thinner day by day. But after this news came out, it was different, and it was almost a mountain and a river for me, and there was no way out! You think about it, such a large-scale stimulus plan will last at least 5 to 8 years, and it is strange that steel prices do not rise as soon as so many key projects are launched!

"I also think it's a good time to go long on dips, but I'm not sure what to buy. ”

"It's easy, buy steel. You're absolutely right to listen to me!" Long Yunkai said with an oath.

Li Xin smiled: "I don't understand this either, besides, this thing should also have an expiration date, I can't put it away when I buy it, what if it rusts? Where can I find such a big warehouse to store it?"

"Aren't you in the futures business?"

"That's right. ”

"Then you buy it in the futures market, and you don't need to find a place to store it, you should be familiar with this. ”

Li Xin thought seriously for a moment: "It seems that there are no steel futures yet." ”

"Yes, I don't know, but if there were, it would be profitable to buy steel on the futures market. ”

"Compared with this time last year, the current steel price should have fallen quite a lot, right?"

Long Yunkai said: "It's miserable, only about 1/4 of the original." Otherwise, what else can I say, my factory is now struggling. ”

"Mr. Long, are you sure that steel prices will rise sharply in the future?" Li Xin was still a little uneasy.

"Of course, don't tell lies in front of real people, do you know what I thought when I saw the news of the large-scale infrastructure plan in the news just now?"

"What do you think?"

"That's almost a shot in the arm for me, and it's the same for the entire steel industry!"

"Hehe, is it so exaggerated?"

"Of course. Isn't it often said in the newspapers that investment, exports, and consumption are the three driving forces of GDP, right?"

"Yes. ”

"Do you know who has the most weight in the troika?"

"I think it's like the largest part of the investment. ”