Saturday, October 25th.

London copper closed at $3,715 at 2:00 a.m., down $268, or 6.73%. The low of the day was $3,665, and this candlestick chart set a new record for the closing price and the lowest price of this wave of decline.

The Dow Jones Industrial Average closed at 8,378 at 4:00 a.m., down 312 points, or 3.59%. This yin candle engulfed all the gains of the white candle on the previous trading day, and the pattern is somewhat similar to the trend of London copper, which is suppressed by the 5-day moving average and continues to go down.

Last night, the Dow Jones and London copper fell one after another, especially the London copper price continued to hit a new low of the closing price and the lowest price, which was even more favorable to Li Xin than the trend in the two markets on the previous trading day.

But the weekend of October 25th and 26th, Li Xin was more entangled than the weekend of October 18th and 19th. Because the copper price has just been hit from the limit to the limit again last weekend, the trend of continuing to decline after the copper price fell below the 40,000 yuan mark is relatively clear, and Li Xin is more confident.

But now that the price of copper has fallen to around 33,900 yuan, at such a low point when encountering the news that the exchange has suspended copper trading, Li Xin is really worried that the price of copper will rise sharply after the futures market opens on Monday.

Because this is the second time that the exchange has suspended the trading of copper metal for one day, counting the other three intraday trading suspensions of 10 minutes, the copper metal has been suspended by the exchange for 5 consecutive times. If such a situation accumulates, it will definitely be detrimental to the short orders you hold.

This is like more than a year ago, when the bull market in the stock market rose to the middle and late stages, and there were five consecutive interest rate hikes, and the negative factors continued to accumulate, and finally the stock index began to turn around and fall in mid-November last year.

After thinking of this, Li Xin felt a cool breeze swishing in the back of his head. Not to mention that such a cumulative effect will eventually lead to the low copper price to begin to rise, let's just say that the current price of 33,900 yuan has already exceeded his prediction that the copper price will fall below the 40,000 yuan line. At such a price, take profit and leave the market, from any point of view, you have already obtained excess profits.

After considering these aspects of information, Li Xin secretly made up his mind that if the price is not too outrageous after the opening of the market on Monday, he must take the opportunity to take profit and leave the market. Because he felt that he had gone too well so far, and that it had gone more than he expected. There is an idiom called "The Extreme of Things Must Be Reversed", and many things are often reversed when you don't think of them. What he has to do now is to take measures to avoid this kind of thing that will inevitably happen, so as not to be happy and sad.

Monday, February 27th.

At 8:00 a.m., after opening slightly higher at $3,750, London copper fell a little under the influence of the decline in the Dow Jones index in the previous trading day, hitting a new intraday low of 3,590 and then began to rise slowly. By 8:59 a.m., when the call auction was about to take place in the domestic futures market, the price of London copper had risen to $3,825. This price is $110, or 2.97%, from the previous trading day's closing price of $3,715.

This trend makes Li Xin very worried, and the opening price in the domestic futures market will suddenly open with a gap in the domestic futures market in a minute.

But his worries proved to be unfounded.

At 8:59, the call auction was opened, and the opening price was 32,540 yuan, which was another falling limit.

Although the notice issued by the futures exchange on Thursday night not only suspended the all-day trading of copper metal on Friday, but also adjusted the down limit from 6% to 4% on Monday today. But today's opening price of the falling limit board is still a sharp drop of 1,360 yuan compared with the closing price last Thursday!

This is already the 12th fall limit since October 6th, such a trend is breathtaking even for Li Xin, who has huge profits from shorting, I really don't know how many people who have not appeared before October 6th feel in their hearts.

Li Xin looked at the price falling again, and the idea of choosing the opportunity to take profit and leave the market that had been sprouting at the weekend began to loosen again. He thought: Since it is a one-word drop limit, it means that the strength of the above short escape has not been fully released, in this case, you might as well wait and see, maybe there will be a better price? Anyway, as long as the price is not rushed to the price limit, his 4,000 hands of short orders should be able to close all positions within half an hour. Today, the domestic futures market is on the falling limit as soon as it opens, and this trend is obviously making up for the fall. As long as the London copper price does not rise sharply in intraday trading today, the copper price in the domestic futures market should not rise. After all, the London copper price fell by 6.73% last Friday, even if the London copper rose by more than 2.00% after the opening today, but the two-day rise and fall degree is a hedge, and the decline in London copper prices is still close to 4%, which is roughly equivalent to the current decline in the domestic futures market on the fall limit.

Because he was worried that the price would be repeated at such a low position, Li Xin's eyes did not dare to leave the time-sharing chart on the computer screen for a moment. Fortunately, it lasted until the close of trading at 15:00 in the afternoon, and the down limit was not opened.

Li Xin breathed a sigh of relief: It seems that there will be a chance tomorrow!

At 21:30 that night, the Dow Jones Industrial Average opened at 8,375 points and then began to fluctuate widely, and the trend before 2:00 a.m. was higher than the wave. At around 1:50 a.m., the index rose to a maximum of 8,599 points. At 2:00 a.m., the Dow closed at 8,532 points, up 1.84%.

The Dow Jones index rose more than one wave before 2:00 a.m., which greatly affected the trend of London copper prices, which closed at $4,000 at 2:00 a.m., up $285, or 7.67%, and this closing point was only $70 different from the highest price of $4,070. Moreover, the highest point of the London copper price in the day was also set at 1:50 a.m. when the Dow Jones index rushed to the highest point, and the signs of London copper prices following the Dow Jones index appeared again.

However, the trend of the Dow Jones changed greatly again after 2:00 a.m., and it began to fall sharply from 8532 points. By the end of the 4:00 a.m. close, the Dow Jones was at 8,175 points, down 203 points, or 2.42%, and this closing point set the lowest close for the Dow Jones Industrial Average since the beginning of the year.

Tuesday, October 28th.

Li Xin looked at the sharp decline trend of the Dow Jones Industrial Index before the close, and immediately judged that although London copper closed a long white candle last night, the London copper price will definitely fall sharply after the opening today.

At 8:00 a.m., the opening price of London copper came out, which was $3,930, down $70 from yesterday's closing price.

And as expected, after London copper began trading at the opening price of $3,930, it began to gradually bottom out due to the downward trend of the Dow Jones at the end of last night.

However, the price only fell to $3,825 and immediately began to rise, and by 8:59 a.m., when the domestic futures market called for auction, the London copper price had risen to $4,034, and the fluctuation range from low to high was more than $200. And this latest price of $4,034 is already standing above the 5-day moving average of $3,991.

At 8:59 a.m., the result of the call auction in the domestic futures market was 32,600 yuan, which did not continue to fall sharply on yesterday's fall limit.

This does not bode well for Li Xin, who has always been worried that the price will rise in an instant, with a vengeance. Just as he was speculating about what would happen after the price opened slightly higher, trading began at 9:00 a.m.

The opening price of 32,600 yuan was instantly knocked down, and just three minutes later, the price of 9:03 was hit to the fall limit of 30,910 yuan, which fell by 1,630 yuan compared with the previous trading day, a decrease of 5.01%.

"Damn, it's another drop limit!" Li Xin exclaimed.

Now even he feels that this price has fallen a little outrageously, and he secretly thinks in his heart: Could it be that this copper price is really going to break the 30,000 yuan mark? Now this situation has not left any room for the bulls to maneuver, and what they can do is to quickly find the price above the falling limit board and stop the loss as soon as possible, because the decline accumulated from October 6 is an unimaginable loss for any bull. In the same situation, the bears are completely on a smooth boat, they don't have to do anything, and over time, the bulls flock to the sell and close orders will make the price fall limit after limit, and the scene in front of us is the best example.

Perhaps, as Li Xin thought, the price that is close to the 30,000 yuan mark is indeed a bit outrageous, and the short side that has been shorted all the way can't help but start preparing to close the position in the face of excess profits. Or maybe it is that many bulls who are waiting for the price to fall to a low level and are ready to buy the bottom see that the price before falling to the 30,000 yuan mark is already an excellent entry point. After two hours of brewing at noon, their respective ideas involuntarily came together, forming a huge buying force, and after the afternoon market opened at 13:30, the fall limit was instantly broken.

At 13:31, the price rose to 31,210 yuan.