The SGX market opened, and the SGX 50 index opened at a gap of -1.63% at 10772.70 points. It had previously stopped falling at 10022.79 points on March 10. In more than a month, it has embarked on an upward rebound channel and rebounded from its highest point.
By 11142.41 points, the cumulative rebound exceeded 11 percentage points.
During this period of rebound channel, the NSE 50 Index fell back twice but did not hit a new low, and finally rebounded. Today is the third time it has stepped back.
The NSE 50 Index opened lower and moved lower, and finally closed down -3.08% at 10,613.80 points, with a turnover of 1.58 trillion. The closing price just hit the lower support level of the rebound upward channel.
Fang Hong was paying attention to the market trend throughout today. He came to the conclusion that the short forces were just trying to smash the market today and did not use much effort. Fang Hong chose to sit on the sidelines without any movement, but the people under his hands
The trading team is waiting for his instructions.
…
The next day was Friday, April 23rd.
Today, the NSE 50 index opened lower again, opening sharply lower at 10476.98 points -1.29%. It made two downward gaps in two consecutive days, and broke through the technical level, directly falling below the rebound and ascending channel.
After the market opened, the New Securities 50 Index plunged sharply, and opponents began to increase their efforts to smash the market.
In just half an hour, the decline quickly expanded to 4 percentage points. At about 10 o'clock, the decline further expanded to more than 5 percentage points. The market's panic surged significantly. Xingangtong data showed that foreign capital in the north was fleeing frantically.
When Fang Hong looked at the data, he knew that Sia Ang Capital Group's diving funds accounted for the majority.
At that time, the NSE 50 Index fell to 10,050 points. It was about to fall below the previous low of 10,022.79 points this year and hit a new low. The trading team under my command was waiting for the instructions from the big BOSS.
"Okay, let's start to enter the market to protect the market. We must not fall below 10022 points today, but we cannot fill the gap and turn up. Let the index close at a decline of no more than 3 percentage points and no less than 2.5 percentage points. It will close in this range.
Okay." Fang Hong finally issued the trading order.
After receiving the clear instructions from the big boss, the traders immediately started to protect the market.
Fang Hong's decision was to create smoke bombs for his opponents. It would be wrong to not protect the market. Moreover, in March, the Stabilization Fund made a strong move to support the bottom, causing the market index to stop falling at 10022.79 points. At that time, the market formed a
The consensus is that the management does not want to fall below the 10,000 point mark, and you can play with it as you wish above 10,000 points.
Today, opponents began to exert force to smash the market. If there was no protective action at this time, it would be very abnormal for the New Securities 50 Index to easily break through the previous low, or even break through 10,000 points.
The opponent is not a fool, he can also analyze and guess the opponent's thoughts, and he is extremely shrewd and alert.
However, at this moment, the NSE 50 Index fell to the level of 10027.57 points, and the decline expanded to -5.52%. It was just over 5 points away from the previous low of 10022.79 points, breaking through a new low.
Countless pairs of eyes are staring closely at the trend of the SGX market index at this moment. Just when all kinds of funds thought that the SGX 50 index would break the previous low of 10022.79 points today, it stopped falling at 10027.57 points, and the index suddenly pulled straight.
1 percentage point higher, causing the decline to quickly narrow to -4.50%, and continue to rise.
At this time, the short sellers once again exerted their strength to smash the market.
The NSE 50 index has stepped back to the -5.07% level, and the protective funds have once again pushed up the market with greater force, quickly raising the index by 1 percentage point and narrowing the decline to -4.02%.
Next, hundreds of millions of shareholders and investors from all walks of life witnessed the fierce long-short battle on the NSE 50 Index, accompanied by an increase in trading volume.
Fang Hong commanded calmly and resolutely, and at the same time, he also asked the stabilization fund to take action from time to time. He wanted to interpret today's market into a super intense long-short game and make his opponents believe that the 10,000-point mark would protect the market.
But at the same time, it should not be too strong, but it should end with a short victory, so that the opponent dares to go deeper and launch an attack, and in this way can achieve the effect of luring the enemy deeper.
Retail investors did not know the inside story, and most people attributed the sharp drop in the NSE 50 Index to Big Go being punished. There were also many retail investors who joked that Big A's investors would foot the bill.
What is certain is that in this round of fighting between gods and immortals, there will definitely be mortals who will bring disaster to Chiyu.
There must be unlucky retail investors who are affected. Fang Hong doesn't want to, but there is no way. He can only say that it is purely an accidental injury, but it is not a big problem. He will get his money back in the future. If he can withstand the violent fluctuations in the market these days, he will be fine.
occur.
If you sell now and hold the currency and wait and see, you will make a lot of money by buying the bottom when the time comes, and even financial freedom is not impossible.
As of the close of trading, the SGX 50 index had a long lower shadow line that bottomed out, and finally closed down -2.86%, at 10310.12 points. The SGX market's full-day trading volume reached 1907.2 billion, an increase from the previous trading day.
The amount of energy of 320 billion can be said to be a substantial increase in volume.
Fang Hong was quite satisfied with this. He basically followed his script without any major deviations, and closed down exactly within the range between -2.5% and above -3%.
Judging from the market, today it was holding on to 10022.79 points, almost breaking through. Many investors thought that they would break through the previous low, but they did not expect to hold on in the end. This actually made many people more firmly believe that there is strong support at 10,000 points, and
When it rebounds, there are still many people buying the bottom and going long.
This trend, as well as the fierce intraday game, convinced everyone that the stabilization fund had taken action to protect the market.
This chapter is not over yet, please click on the next page to continue reading! After the market close, the SGX Stabilization Fund did routinely issue operational announcements, confirming everyone’s guesses. Now the investors who were originally panic felt a lot more at ease. There are super
The main force was sitting in the position, buying at will when the price dropped to around 10,000 points. Many people felt sorry for not taking action, saying that they knew they should buy the bottom.
…
In the evening, stay quietly in the villa.
Tian Jiayi received a call from his subordinates and immediately found Fang Hong: "You accurately predicted it. Just now, the Federal Reserve announced that it would raise interest rates for the second time this year, and this time the rate increase is very severe."
Hearing this, Fang Hong smiled and said: "How much was added? 100 basis points?"
Tian Jiayi replied: "The Fed decided through the meeting to increase the federal funds rate by 1.25 percentage points, that is, by 125 basis points, and to raise the target range of the federal funds rate from the 0.25% to 0.5% range to the 1.50% to 1.75 range."
Fang Hong couldn't help but be slightly stunned: "This intensity is really cruel enough."
Well, after the Fed announced the interest rate hike, the whole world was shocked. No one expected that the Fed would raise interest rates so violently for the second time this year. It raised interest rates by 125 basis points in one go, which also set a historical record.
As a result, the global capital market fluctuated violently, and the funds flowing back to North America did indeed increase. Ah Mei launched a set of combos. If there was no money flowing back to North America, Bei Mei would not be able to bear it. This intensity exceeded everyone's expectations.
Before the interest rate hike, external institutions generally predicted that the interest rate should be raised by 75 basis points, and the conservative rate was 50 basis points. However, we never expected that the Federal Reserve would violently raise interest rates by 125 basis points in one go.
Investors all over the world said that their eyes were opened and they were witnessing history with their eyes.
After a while, Fang Hong said with a smile: "Okay, this will give those rentiers confidence, haha."
That's right, when they saw this news, the group of financial rentiers who cooperated internally and externally with Squidward Capital Group to short the SGX market were so excited that they couldn't sleep. They were already gearing up to attack the SGX 50 Index tomorrow.
Attack.
…
Monday, April 26th.
The market was already panicking in the morning. After the news that the Federal Reserve announced a 125 basis point interest rate hike, the market began to panic, and it further intensified during the weekend.
As time went by, the SGX market call auction ended, the SGX 50 index was broken through the previous low, and the important psychological integer mark of 10,000 points was also easily broken down, all during the call auction stage.
It passed through and opened sharply downward with an opening price of 9921.87 points -3.76%.
When the opponent saw this opening situation, he was so excited that he opened the champagne.
On the other side, the trading team under Fang Hong didn't understand why the big BOSS didn't protect the market strongly in bidding. It wasn't that it couldn't be protected. It was no exaggeration to say that despite its own strength and foundation, as long as you think about it, even if you think about it,
Violent fucking to a record high is effortless.
But the big boss seemed to choose to remain indifferent.
Fang Hong's next instructions made the people under him even more stunned: "Today, we will divide it into two. The stabilization fund will be divided into one. It is expected that the net purchase will be 175 billion yuan. The rest will be responsible for smashing the market and setting up the 'Northbound Fund'."
Capital investors also followed suit, amplifying the net outflow data of foreign capital."
One of the traders came back from his shock and couldn't help but said: "Boss, this...don't we want to protect the market?"
Fang Hong said with a smile: "Today we will give our opponent a big assist. Just do what I say and you don't have to worry about the rest."
