Thunder only dares to bear 40 billion risk exposure, but with the cooperation of institutions can take greater risks, the question is how to make the volume explode?

"Increase the thickness of the sell accordingly!" The answer given by Lei Hao is this. Pen, fun, pavilion www. biquge。 info

If you don't take the order, I won't suppress the index, I will hang a large number of sell orders and force you to take the lead, do you dare not take it? Think about the consequences.

When the selling order and volume are disproportionate, the market outlook is almost firmly bearish.

The risk is that the opponent may shelve the project, wait for the low level to rush to build a position, and then slowly pull it back, when the exposure is too large, will the group of Mayor be inclined to bear the reality of the book loss in the year-end statement?

If this is the case, the market will not have a result in a short period of time, but will need to be decided on a monthly basis.

And there has been a lot of change in the technical side.

On November 21st, a large number of selling orders piled up, as if the dark clouds were covering the top, pressing the market out of breath, and everyone knows that the final hedging began, and in the short term, the Korean market cannot afford to bear the amount of energy.

In other words, if the time for hedging and opening a position is limited to one or two weeks, the most exaggerated amount of energy is like this, unless you let the index fall and rise, otherwise, there is only so much.

From the opening until 10 a.m., the selling in the Korean market exploded, but there was no buying to follow.

Obviously, after a night of deliberations, the bulls still did not agree.

Without capacity, the work of building a position on behalf of the Thunder cannot be completed, but other institutions are pulling funds and pooling them here.

It's like a beacon, you light it, but no enemies appear, then ...... Thunder, who plays the role of Bao Xi? Is Lei Hao planning to come to the Beacon Fire Show Princes?

"Damn, I know." Leo's somewhat depressed voice sounded: "Ray, that group of eggless guys have shrunk, the same market, different quantities and energies, there must be different hedging positions." ”

Leo is talking about a financial theory, the market does not change, and the increase or decrease of quantity and energy means that the position of quantity and energy will also change.

This is due to the imbalance of the long-short power ratio, based on the hedging baseline, the larger the amount of energy, the greater the impact factor, under the premise that the hedging disk remains unchanged, the volatility will be narrowed, and the median line will definitely float up and down.

The bears are strong, and according to common sense, the hedge must be lowered, because everyone knows that the upside is compressed by the increasing force, and the pressure is increased.

"Something that can be measured." Lei Hao muttered: "Leo, the probability of quantitative energy appearing is much higher than you think, you are not Chinese, you don't understand." ”

It is difficult for foreigners to experience China's diplomatic environment, not to talk about politics, only about the economy, what is the cost of Chinese capital from going out to fully gaining a foothold? $3 trillion in foreign exchange reserves!

Considering money as an accumulation of value, where does the $3 trillion in foreign exchange come from? The blood and sweat of the Chinese are there.

The United States does not have foreign exchange reserves because it does not need it, the dollar is the hegemonic currency, and everything that the world can use to buy and sell can be priced in dollars, in other words, the world is lending money to the United States.

And the relationship between China and the United States ...... Don't talk about it.

Yu Rong, Su Yiwen, and Xiang Yongze did not question Lei Hao's decision, and Qingyu, Hanlong, and Xinfeng did not drag Lei Ting back, because everyone is Chinese and Chinese-funded institutions.

Only from China's perspective will it be seen that the Korean market is definitely more likely to come out to undertake the sale.

The bears will change from a thunderbolt to a combination of Chinese-funded institutions, and the bulls will immediately get greater political support, which is the basis for the emergence of quantitative energy.

"Capital has a political position." This thought silently appeared in everyone's hearts.

"We are a Chinese-funded institution!" Everyone is starting to think about it.

"So, how much support will we get? How much hostility do we need to face? "This is where everyone is uncertain.

But in any case, the probability of the amount of energy can appear is far higher than Leo imagined, he thinks it is less than 50%, but Lei Hao's group of Chinese is very sure, less than 50%, they will eat the file!

"It will definitely happen! And as soon as it appears, the central bank will definitely communicate with us! Lei Hao was very sure of this in his heart.

At 10:10 a.m., the Korean market continued to be shrouded in a large number of selling orders, but when everyone was nervously watching, the selling orders began to decrease at a very fast speed, and the volume column suddenly rose a large section.

"Take over!"

“2570！”

The amount of energy blowout, the funds seem to have no technical content to hedge at a certain characteristic point, but in fact, every number has been calculated by both sides for a long time.

As soon as the capital moved, the information surface also began to make waves, and the thunder became busy.

However, before the two sides complete the opening of the position, there will definitely be no big movement on the information side, and there are many problems involved in the capital confrontation at this level, especially this time the operation is different from the past, and the operation that touches the basic market is more complicated and the consequences are more serious.

The South Korean market has also been fluctuating in a narrow range in a specific area, and the amount of energy has exploded for several days, in addition to the main force, other funds have entered one after another, but they are only hedged against each other, and there is no imbalance in the balance.

Everyone is waiting, waiting for the time when the volume can shrink back to see if the bulls' top is successful.

On Friday, November 24, the first day after Thanksgiving, the Korean market broke out for five consecutive days, and both the trading volume and turnover rate rewrote the historical record.

Thunder's risk exposure finally widened to $40 billion, and the bullish positions were collectively sold out, with Hanlong, Qingyu, Xinfeng and other institutions following the entry, and the holding positions probably reached $40 billion.

In the five trading days, the market confrontation dazzled all financial practitioners, and the long-short confrontation was like a textbook, and the rhythm of hedging, the timing of the negative or positive appearance, and the competition for the index were enough for the research department of the institution to write an analysis report of hundreds of thousands of words.

After the position is sufficient, everyone tacitly understands that Mingjin withdraws the troops, and the next thing, both sides also know it: the time has come to show the hole cards.

"The expansion of the US-South Korea Free Trade Agreement intends to negotiate import tariffs on automobiles and restrictions on the import and export of agricultural storage products, and the South Korean president will visit the United States in December......" On Friday afternoon, the bulls couldn't bear it for a moment, and directly released a long-suppressed message by Yonhap News Agency.

As we all know, the impact of the US-South Korea FTA on the South Korean economy is almost the most important thing, and the release of such a signal on the occasion of the military exercise can be imagined as the stimulation of the South Korean market.

Financial institutions know better that this is the big move of the bulls, and there is no need for a favorable outcome for South Korea in the negotiation of the free trade agreement, but as long as there is a probability of a good result, it will eventually stimulate the Korean market.

But the bears are not impatient, Lei Hao knows very well that the next thing is the time for him and Wang Huachen and his group to exchange interests.

You must know that the trade volume between China and South Korea has gradually caught up with the trade volume of the United States and South Korea in recent years.