Insufficient balance
Fainted, completely fainted.
At this time, January 31, 2008 at 2:30 pm.
The curve on the Shanghai Composite Index's intraday chart did not follow the design of stock analysts, the hopes of investors, or the consensus reached at the meeting. After touching the annual line, it stopped its downward trend and turned upwards, entering a reversal. The Shanghai Composite Index instead became like a knife, stabbing straight into the hearts of investors, and deeply so.
It's all over, it's completely over.
How can this be good!
In the trading hall of Rongxin Securities' eighth business department, in front of a row of computers, investors subconsciously leaned forward, staring intently at the screens. The light emitted by the monitors reflected faces that were either tense or gloomy.
Just now, Fu Zhi was still shouting with a triumphant tone: Everyone pay attention to the disk, the crucial moment has arrived. The result is like this, once again injured; heart, once again bleeding.
On the Shanghai market, despite CNPC's efforts to pull up and protect the market, trying to create momentum and stop the decline of the SSE Composite Index, its efforts were in vain against the backdrop of many declining stocks. As a result, the SSE Composite Index continued to fall, with green screens everywhere.
Stillness, deathly stillness. In the trading hall where hundreds of people gathered, even the sound of keyboards being fiercely pounded during a downturn was gone.
Fu didn't give orders anymore, and old stockholders didn't mention Fu's name when the market fluctuated. Stockholder Old Zhang didn't ask questions as he used to, and even his complaints were not as loud as usual. The uncles also surprisingly didn't scold loudly! Everything was very unusual, this wasn't the style of Rongxin 8 departments.
Rongxin Securities' eighth business department trading hall is like many other exchanges, rarely quiet. When the market rises, there's no need to mention it, triumphant boasts and uncontrollable excitement would blow the roof off if this weren't an 8-story building with over a dozen floors above; when the market falls, angry shouts and stern condemnations echo back and forth, making even ghosts and gods avoid the place. Even before opening and after closing, the scene is lively, showing that all stock investors are one big happy family.
Rongxin 8th Department has been bustling with people and full of energy since its opening a few years ago, forming a noisy style. The stock traders here, even the staff members, have gotten used to this loud and enthusiastic atmosphere, and as soon as they arrive, they involuntarily raise their voices by eight degrees.
What a difficult thing it is to quiet down a place similar to a free market or supermarket! There is only one situation, when a great danger appears, and this danger is enough to scare people silly, can be done.
Sure, here is the translation:
As expected, the terrifying thing has really appeared before one's eyes.
At 3:00 pm, it closed. A deadly bearish line is really there.
It's all over, it's really hopeless.
The market has closed, but people are still sitting in front of their machines. The trading hall of Rongxin 8th Department is still quiet.
Fu's fingers were still staring at the computer screen, constantly calling out various technical indicators, repeatedly calculating, trying to find the answer, and judging the trend of the market.
Old stockholders watch the Shanghai Composite Index on one side and the sector plate on the other, while watching the short-line elf, fully focused on analysis.
Shareholder Old Zhang stared nervously at his stocks, carefully watching every transaction, trying to figure out the intentions of the manipulators and whether his stocks would continue to fall tomorrow.
He grumbled as he looked at his stocks and checked his funds, carefully calculating.
The shareholders of Rongxin 8 are all nervously checking and calculating.
Of course, there were also those who didn't. Aunt Li stared at her stocks with her mouth half open, motionless; Aunt Jiao didn't move either, but the tears in her eyes grew more and more, threatening to fall at any moment.
Rongxin 8th department only has Lu teacher who is relatively special. He didn't look at stocks, but instead carefully browsed the data provided by the exchange on his computer.
This phenomenon is very unusual in the Rongxin 8 departments. In the past, no matter whether the market was rising or falling, the joint meeting of the Rongxin 8 departments should have started by this time, and various heroes would have taken the stage, with a lively atmosphere. Even on May 30th it was like this. Although today closed with a bearish line, there is Sinopec's support, so the bearish line is not big.
A decline of just a few dozen points in the stock market has plunged investors here into silence. Why?
The location of Rongxin Securities' eighth business department, from the time this building was completed and put into use, has always been a securities trading house. It's just that it wasn't originally the trading house of Rongxin Securities' eighth business department. In the spring of 2005, the original CEO of Fuda Securities couldn't withstand the torture of the bear market and chose to abscond with funds. He took advantage of the Spring Festival holiday to embezzle the margin and run away. Afterwards, Fuda Securities was taken over, and it wasn't until June of that year that it was acquired by Rongxin Securities and became its eighth business department.
Rongxin Securities' eighth business department stood firm here, for two purposes: to attract people and to guide the new investors attracted. The department arranged staff to do post-market analysis. It's said that Rongxin Securities' people are quite good, insisting on arranging someone to talk every day, doing some guidance. But later, from a certain day on, their speaking rights were taken over by the local investors, and the staff only played a role in opening: as soon as the market closed, the staff came, and what was later called the joint meeting or stock market salon began, then the staff became listeners.
It is said that the staff of Rongxin's eight departments were very depressed, and no one was willing to take on the task. Wu Meng, who later became a full-time stock commentator, even submitted several reports requesting a change of job. However, things cannot be done in a perfunctory manner, so Zhu, the head of Rongxin, carried out reforms. The post-market analysis was changed to intra-day analysis, scheduled at 2:00 pm, and the format was changed from face-to-face to loudspeaker broadcasting.
The staff of Rongxin 8th Department changed, but the stockholders here were used to the previous ones and still held meetings at 3:00. Every day after the market closed, the stockholders of Rongxin 8th Department spontaneously organized themselves to analyze and discuss the trend of the day and the stocks they held or targeted, and named it a joint meeting.
Today, January 31st, 2008, the market has silenced the Rongxin Baibu stockholders for a reason. Today, after more than three months of decline, the Shanghai Composite Index finally broke through its annual line. This bearish candle that broke through the annual line means that stockholders will start losing money collectively from now on. Moreover, Rich Point had previously said: A rapid break through the annual line would lead to a crash.
In addition, without any negative regulatory news, more than 50 stocks have fallen to the limit down, which has never happened before. This is even more shocking for the shareholders of Rongxin No. 8!
In fact, the stockholders of Yongxin 8th Bureau are quite bold and have a heroic spirit similar to that of Jianghu heroes. They are not afraid of falling, even last year's May 30th did not scare them off.
Last year, after the shocking 5.30 midnight rooster crowing incident, in the face of a green plate and stocks that had fallen to a halt, the investors of Rongxin No. 8 did not show fear. They stood firm like brave warriors, defending their position in the stock market. When news came back saying that investors from other exchanges were cutting losses and exiting, with a strong atmosphere of panic, they not only didn't get infected but also looked down on those who weren't determined.
Since the market began to fall in October last year, they have been actively operating, selling high and buying low. When the half-year line was broken, the people of Rongxin 8 did not fear at all, and someone even said: "No break, no stand." Only after breaking the half-year line and doing a thorough washout can we see above 8000 points. The stockholders of Rongxin 8 have high aspirations, so they are never afraid of market corrections.
However, after the half-year line was broken, the market did not go up. Today, it fell below the annual line again, and there is still no sign of a bottom. The annual line was lost today, which makes the stockholders of Rongxin Baibu have to face reality and believe that this wave of decline starting from October last year is not a washout or a manipulation by main forces, but a real decline. And the rise in November last year was just a rebound. The market has indeed changed, and the bear that crushed the market is back.
In the stock market, the bear has arrived, the most frightening!
