"Mr. Chen, is it really as serious as you say?"
After the traders left, Ma Guoliang inquired and made sure to remember Chen Dong's earlier words, "The 63-day moving average is the lifeline."
Even if he doesn't understand these operations, he'll still have something to boast about and show off in the future, right?
"That's true, and that's not true either!"
Chen Dong didn't explain in much detail that there are many ways to determine whether the 63-day moving average is a lifeline, and the results of different methods will vary.
Take the Nikkei index as an example.
The overall market candlestick chart shows that the moving averages are arranged in a bullish pattern and are spreading out evenly upwards.
The order of the moving averages is as follows: 5-day moving average, 10-day moving average, 20-day moving average, 33-day moving average, 43-day moving average, 53-day moving average, and 63-day moving average.
After a surge, the market index began to decline.
At this point, the index will successively fall below these moving averages.
Moving averages are not static; they can deviate slightly depending on the movement of the index.
When the index falls to the 33-day moving average, there is usually a certain degree of rebound, and it may even refuel in mid-air and enter a second upward movement, which is what we commonly call wave 2 or wave 3.
(Especially those who trade stocks should take note when the price first touches the 33-day moving average.)
After the index rebounded, it fell again. The 33-day moving average offered almost no protection and failed to become a support line.
At this point, the 63-antenna becomes particularly important.
Once the index falls below the 63-day moving average, it often foreshadows a new sharp decline.
At this point, the moving averages will turn downwards and spread out in the opposite direction.
"Manager Ma, now is a very important time. Let's talk about it later. Also, I have a personal matter that I need your help with."
"Okay, Mr. Chen, I'll come find you after the market closes."
"Um!"
Chen Dong nodded, then glanced at Wangcai, signaling him to return to his seat.
"Boss, should we close out all our short positions as well?"
Wangcai opened the software and asked cautiously.
At this time, the market index continued to plummet.
point.
point.
point.
In just the short time it took to speak, the market index plummeted by 230 points.
230 points, in stock index futures, is a lot of money.
However.
Chen Dong nodded, his tone resolute.
"If we were to go back to the pre-liberation era, we would have to level it today."
Well......
Wangcai was stunned.
This was the first time he had seen Chen Dong speak so seriously.
It seems that the seriousness of the matter far exceeds my expectations.
Time passed little by little.
The morning session has ended.
The market index is stable above, but it is still nearly 300 points away from the 63-day moving average mentioned by Chen Dong.
Is it really possible to do that?
Before the market closed, Wangcai glanced at the index displayed on the screen.
It's 300 points away from the 63-day moving average, which is no small amount.
......
On the other side.
George and his companions were enjoying a delicious meal: tender, roasted Wagyu beef, 1982 Lafite, and several other exquisite and delicious dishes.
Their faces were flushed, partly from the satisfaction of enjoying the food, and partly from the decline in stock index futures.
Enjoying delicious food while making a fortune sounds like an incredibly pleasant life.
George chewed on the Wagyu beef in his mouth, the bouncy texture bursting in his mouth, and he exclaimed in genuine admiration.
"This beef tastes really good."
"Um!"
Robertson nodded with a smile, this was the first time he hadn't refuted George's words, and agreed.
"People from island nations really know how to enjoy life. If I hadn't come here, I wouldn't have known that such delicious food exists in this world."
On the side.
Dario chuckled and replied.
"That's easy, just bring this kind of Wagyu beef back to America."
"I'm afraid it won't be that easy."
George shook his head. Some time ago, he attended a high-level party where, after tasting Wagyu beef, he immediately wanted to import the Wagyu breed back home.
The result was predictable.
The offer was immediately rejected by the island nation's officials, who stated that Wagyu beef is a non-export product of the island nation and cannot be valued in monetary terms.
George scoffed at these words.
When it comes to capital, islanders don't even have the right to refuse.
However, out of consideration for their relationship, George did not retaliate.
Hearing Dario say this piqued his interest, and he replied.
“Dario, if you have a way to get those damn islanders to agree, I’m willing to fund half of the project.”
"George, you're joking."
Dario rolled his eyes dramatically.
Wagyu beef does indeed have a top-notch taste, if managed properly.
Soon, it will become a new favorite in Western high society.
This is a foreseeable "money-making prospect".
One more person?
Wouldn't that mean sharing the profits he'd already earned? Does that make Dario look like a fool?
"Let's put that aside for now and talk about the matter at hand."
Robertson wiped his mouth and recounted the strange events that had occurred that day.
"Today's market is strange; we haven't encountered any significant large orders."
"Isn't this good?"
A fund manager countered with a question.
In his view, the more stock index futures fall, the better, as it means a lot of dollars can be put into pockets.
Robertson's words did not alert him; on the contrary, they made him look down on him.
Does he really think he's a big shot just because he has some fame on Wall Street?
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