Chapter 1119 [The situation is clear, competition to enter]
The next week is the last five trading days before the Spring Festival.
As Fang Hong stood up and roared, raising a hand on the stock market, not to mention the immediate effect, the effect was extraordinary. The market had indeed bottomed out, and many bearish institutions did not dare to open short positions at this time. The market index also truly confirmed that it was effective.
A consensus was reached on the support level.
The main boards of the two cities did not show a sustained unilateral rise, but they also maintained a volatile upward trend. The pattern shown in the technical graphics is that the lows do not hit new lows, the high points hit new highs, and gradually rise upward.
This is because at the same time, the short forces in the foreign exchange market are still counterattacking, and many funds are still quite cautious, because most of the funds from all walks of life are only profit-seeking, and few people will do things that harm themselves and others. Their attitude is
Help whoever wins.
Now they feel that Fang Hong has a greater chance of winning, so they are no longer bearish, but they have not struck hard, as if they are trying to avoid the rabbit.
It’s not that he hasn’t won yet, he just thinks that Fang Hong can win, so he will take a look first. As reflected in the trend of the stock market, the bulls did not show a crushing upward trend, but a twisting and oscillating upward trend.
In the foreign exchange market on Monday and Tuesday, short capital once again launched a counterattack. The exchange rate depreciated continuously in the past two days and reached the 6.6257 level again.
However, all these seemingly ups and downs are still under the control of the stars. In the past half month or so, the international short sellers have not taken any advantage in their several attacks. Often, their efforts for many days in a row lead to a failure in one day.
He was quickly knocked back to his original shape.
On Wednesday, February 3, international short sellers once again exerted their strength, and the exchange rate of RMB against the U.S. dollar in the offshore market further depreciated to 6.6507, resulting in a depreciation of nearly 600 basis points in three days this week. It is already more than 1,600 points away from the 6.5 level expected by Fang Hong.
base point.
At the same time, the A-share market was also affected. The market index was running underwater almost all day today, and once again fell below the 2,700-point mark in the afternoon, a drop of nearly 2 percentage points.
At 13:50 in the afternoon, the foreign exchange market trading team of Stars Capital took action. They had received the latest instructions three days ago to make efforts today to launch year-end efforts against short sellers.
Moreover, the international short sellers, who have long since declined, have almost exhausted their last remaining strength in suppressing the exchange rate to 6.6507 in the past three days. At this time, no one is assisting them. The momentum ahead is because there are many domestic investors and opportunists who are taking advantage of others.
They think that the international short sellers can win, so they all become the accomplices of the international short sellers.
But now, those people have either liquidated their positions long ago, jumped into the sea, or jumped off the building, and their wealth has been reduced to zero overnight.
Either they saved their lives or escaped a disaster, but now they are just watching from the other side, watching the gods and gods on both sides fighting each other. The situation is unclear and they do not take action easily.
This has obviously lost a big boost to the international short sellers, and the original boost is very likely to backfire on the international short sellers. The advantage of the competing stars is that they are actually expanding, and the overall strength of the short sellers is actually constantly increasing.
Exhaustion.
As long as one of the sides is certain that the defeat is irreversible, those watching from the shore will rush to finish the damage. This way they can steadily grab some meat, which is also good, and the risk is relatively small.
They are submissive when charging into battle, and they will definitely strike hard when someone adds insult to injury.
In fact, even if they all stand together on the opponent's side, the stars can calmly and decisively defeat them. On the other hand, the current international short sellers are already having more difficulty. Without the assistance of this group of people, then
Not to mention.
At this moment, as the stars struck again, the tight string of the short army was broken at any time, and the intraday low of the offshore exchange rate was fixed at the 6.6507 water level, without further depreciation, and it continued all the way.
Lift upward.
Nowadays, both sides of the stock market are highly interconnected, and I don’t know how many pairs of eyes are watching.
"The offshore exchange rate is rising rapidly. The short side finally managed to beat down but was easily pushed up. It seems that they still can't beat Fang Hong..." At this moment, a trader of a capital market affiliated to a mainland investment institution immediately made a decision: "No need to hesitate anymore.
Come on, let’s go long and take a look at the third floor.”
The RMB appreciated rapidly in the foreign exchange market, and the stock market also responded promptly and rebounded in the last hour of the trading session. The Shanghai Stock Index time-sharing trend showed a unilateral upward trend.
Many funds on the sidelines began to tentatively enter the market to do long positions, because they felt that the stars in the foreign exchange market were becoming more and more likely to win, and the situation was becoming clearer, and it was time to take action.
Last month, when they opened the operation, they were still shouting that this was a legal and compliant technical operation. How can they say that the technology is innocent and betrayal?
Now they took out the embroidered red flag that was placed in the trunk and waved it vigorously. They began to wave the flag and shout to blow up the international short sellers. The east wind will definitely prevail over the west wind. The emotional slogans were shouted loudly.
At the close of the foreign exchange market today, the offshore RMB exchange rate against the U.S. dollar rose by more than 450 basis points, closing at 6.6040. The three-day counterattack of the short army was easily reversed by the stars in just half a day.
The foreign exchange market is traded 24 hours a day. As the saying goes, it is better to take advantage of the opportunity to chase the enemy. The stars continue to take action, and the choice is to take advantage of the victory in the evening.
At 7 a.m. on Thursday, February 4, the next day, the retreating international short capital fell below the key 6.6 water level.
At around 8 o'clock in the morning, it was raised to the level of 6.5621 in one breath, and the RMB exchange rate against the US dollar in the offshore market once again appreciated strongly by more than 400 basis points.
The situation could not be clearer now. If you still don’t understand the situation, there is no need to play. International short sellers have also begun to stage a rout. The funds on the shore are no longer hesitant. If they don’t let the hawks and rabbits run away, they will disappear.
They began to compete to enter the market, and stopped testing and directly and clearly stood on the side of the bulls.
This chapter is not over yet, please click on the next page to continue reading! Affected by the trend of the foreign exchange market, the A-share market opened this morning. The three major stock indexes all jumped short and opened higher, and stock index futures also strengthened.
Regardless of the foreign exchange market, the stock market, or the futures market, the short side is completely suppressed by the bull army and has little power to fight back.
The short sellers in the offshore market still resisted, and the RMB exchange rate finally closed at 6.5789. However, this episode did not affect the general trend at all. The fence-sitters on the shore had already chosen to help Fang Hong and had already placed their bets. At this time, only Fang Hong was the one.
Only when they win can they eat meat. This is the general trend now.
In the stock market, the three major A-share indexes all closed higher today. The Shanghai Stock Exchange Index rose 1.52% to 2781.02 points, with a turnover of 175.3 billion; the Shenzhen Component Index rose 1.60% to 9793.07 points, with a turnover of 266.6 billion; the New Securities 50 Index rose sharply.
3.95%, reported at 935.63 points, with a turnover of 93 billion.
The total turnover of the three major markets was 534.9 billion.
…
On Friday, February 5, the last trading day before the Spring Festival, the offshore exchange rate market experienced three consecutive rises. Today it appreciated again by nearly 100 basis points, closing at 6.5690.
However, the big A side had mixed gains and losses today, with the main boards of the two cities pulling back. Only the NSE 50 index closed up 0.46%, closing at 939.97 points after the market.
It is normal for the main board to pull back. The New Year is coming, and most investors choose to wait until after the New Year. Moreover, there are still some funds that want to follow the stars in the foreign exchange market to qiang and rouge international short positions.
Now that the situation is so clear, there is an opportunity to make money right in front of you. The foreign exchange market can also increase leverage. Funds are obviously more willing to make a fortune in the foreign exchange market because they can earn more and the risk is not high.
The market conditions in the last week before the Spring Festival, whether it is the stock market or the foreign exchange market, have come to a successful conclusion, and you can spend the New Year safely, at least you no longer have to worry about the big A.
The happiest people at this time are undoubtedly the investors of SGX.
Because the NSE 50 Index had five consecutive positive days this week, the strength of the bulls far exceeded that of the main board index. Counting last Friday, it was six consecutive positive days. Four of these six days were positive, especially last Friday.
That super positive line is almost at its daily limit.
In the past six trading days, the Singapore Securities 50 Index rose 9.35%, 0.03%, 3.36%, 1.71%, 3.95% respectively and closed up 0.47% today. The index was finally locked at 939.97 points, which is close to returning to the initial value of 100 points.
It's in front of you.
Since the NSE 50 Index rose from the all-time low of 780.15 points last Thursday, the cumulative increase in six days has been 20.49%. According to the stock market, the NSE 50 Index has entered a technical bull market stage.
