Chapter 1648 [Luring the enemy deep into our territory]

The next day, Thursday, April 22.

When the SGX market opened, the SGX 50 Index opened at 10772.70 points, down -1.63%. Previously, it stopped falling at 10022.79 points on March 10. In the past month, it has gone out of an upward rebound channel, with the highest point rebounding to 11142.41 points, with a cumulative rebound of more than 11 percentage points.

In this rebound channel, the SGX 50 Index had two retracements without setting a new low, and finally rebounded. Today is the third retracement.

The SGX 50 Index opened low and fell, and finally closed down -3.08% at 10613.80 points, with a turnover of 1.58 trillion. The closing price just stepped back to the lower track support level of the rebound rising channel.

Fang Hong has been paying attention to the market trend all day today. He concluded that the short-selling forces today were just tentatively smashing the market, without exerting much effort. Fang Hong chose to watch coldly and did not make any movement, but his trading team was waiting for his instructions.

…

The next day, Friday, April 23.

Today, the New Certificate 50 Index opened lower again, opening sharply lower at 10476.98 points -1.29%. In two consecutive days, two downward gaps were made, and the technical position was broken, directly falling below the rebound rising channel.

After the opening, the New Certificate 50 Index plunged rapidly, and the opponent began to increase the intensity of the market smash.

In just half an hour, the decline quickly expanded to 4 percentage points. At around 10 o'clock, the decline further expanded to more than 5 percentage points. The panic sentiment in the market has obviously increased. The New Port Connect data shows that foreign capital from the north and the south is fleeing frantically.

When Fang Hong saw the data, he knew without thinking that the diving funds of the Shua Capital Group accounted for the majority.

At that time, the Xinzheng 50 Index fell to 10050 points, and it was about to fall below the previous low of 10022.79 points this year, and the trading team under him was waiting for the order from the big boss.

"Okay, start entering the market to protect the market. It must not fall below 10022 points today, but it cannot fill the gap and turn up. Let the index close within a decline of no more than 3 percentage points and no less than 2.5 percentage points. It can be closed in this range." Fang Hong finally issued a trading order.

After receiving the clear order from the big boss, the traders immediately started to protect the market.

Fang Hong's decision was to create a smokescreen for the opponent. It was wrong not to protect the market. In addition, in March, the stabilization fund took strong action to support the bottom, so that the market index stopped falling at 10022.79 points. At that time, the market formed a consensus that the management did not want to fall below the 10,000 point mark. You can play with it above 10,000 points.

Today, the opponent began to smash the market. If there was no support at this time, it would be very abnormal for the New Securities 50 Index to break through the previous low and even break through 10,000 points.

The opponent is not a fool. He will also analyze and guess the opponent's thoughts, and he is extremely smart and alert.

At this moment, the New Securities 50 Index fell to 10027.57 points, and the decline widened to -5.52%. It was only 5 points away from the previous low of 10022.79 points.

Countless eyes were staring at the trend of the SGX market index at this moment. Just when all funds believed that the New Securities 50 Index would break the previous low of 10022.79 points today, it stopped falling at 10027.57 points. The index suddenly rose by 1 percentage point, causing the decline to narrow rapidly to -4.50% and continued to rise.

At this time, the shorts once again smashed the market.

The New Certificate 50 Index has fallen back to -5.07% again, and the protective funds have once again pulled up strongly, with greater force, quickly pulling up the index by 1 percentage point and narrowing the decline to -4.02%.

Next, hundreds of millions of stockholders and investors from all walks of life witnessed the fierce battle between long and short positions in the New Certificate 50 Index, accompanied by the increase in trading volume.

Fang Hong calmly and confidently directed, and also asked the stabilization fund to take action from time to time. He wanted to interpret today's market into a super fierce game of long and short positions, and make the opponent believe that the 10,000-point mark will protect the market.

However, while being fierce, it cannot be too strong, but should end with a short victory, so that the opponent dares to further launch an attack, so as to achieve the effect of luring the enemy in.

Retail stockholders do not know the inside story. Most people still attribute the sharp drop in the New Certificate 50 Index to the punishment of the big goose. There are also many retail stockholders who joke that the big A investors will pay for the fight.

What is certain is that in this round of battle between gods, some mortals will be affected.

There must be unlucky retail investors who are affected. Fang Hong does not want to, but there is no way. He can only say that it is purely 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 in the next few days, nothing will happen.

If you sell now and wait and see, you will make a lot of money when you buy at the bottom, and even wealth freedom is not impossible.

As of the close, the SGX 50 Index has a long lower shadow line that is probing the bottom, and finally closed down -2.86% at 10310.12 points. The turnover of the SGX market increased to 1907.2 billion throughout the day, an increase of 320 billion compared with the previous trading day, which can be said to be a large increase in volume.

Fang Hong is quite satisfied with this. He basically follows his script without any major deviations. The closing decline is just below -2.5% and above 3%.

Judging from the market, today it was barely holding on to 10022.79 points, almost breaking through. Many investors thought they were going to break the previous low, but they didn’t expect to hold on in the end. This actually made many people more determined to 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.

After the close of trading, the SGX Stabilization Fund did issue a routine operation announcement, confirming everyone's guesses. Now the investors who were originally panic felt a lot more at ease. There was a super main force sitting in, and they bought as much as they wanted when it fell to around 10,000 points. A few people also felt sorry for not taking action, saying that they should have bought the bottom earlier.

…

In the evening, stay in the villa quietly.

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 Federal Reserve 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 directly 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 amount of 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, they 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 call auction in the SGX market ended, the previous low of the SGX 50 index was broken down, 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 he couldn’t protect the market. With his own strength and foundation, it was no exaggeration to say that as long as he thought about it, even if 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, the stabilization fund will be divided into two. It is expected to buy 175 billion yuan in net, and the rest will be responsible for smashing the market and setting up the 'Beijing' The capital market also followed suit, amplifying the net outflow 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."

…