My Fintech Empire

As of the close, the three major A-share indexes fell across the board, with the Shanghai Composite Index plunging -7.70% to close at 3116.35 points; the Shenzhen Component Index plunging -6.61% to close at 10770.93 points; the ChiNext Index fell -0.58% to close at 1630.07 points. The total transaction volume of the two cities was 798.3 billion.

Today is destined to be a day that will be remembered in the history of A-shares for more than 20 years. Driven by huge panic, the entire market experienced a rare and serious stampede.

After the market closed, countless investors called today the "119 tragedy." Management's iron fist attack was regarded by the market as the trigger for today's plunge. However, the deeper reason was that the short-term periodic increase was too large and the market sentiment was overheated.

When it rises, it surges forward; when it falls, it recedes like the tide.

Many retail investors cried and cut their positions and fled in panic, because today's plummeting scene was really scary. Those who had profit margins were fine, but the profits were sharply retracted, and those who caught up at 3300 points were miserable.

Especially some novices who have just opened an account are immediately confused. Today's Big A taught them a vivid lesson.

When investors see this negative line in the market index, most people feel that they want to repair it. It cannot be done in a day or two. It may take two or three months of consolidation to repair it. This is still when the situation is good. .

If the market outlook gets worse, 3,000 points may not be able to be held, and 3,404 may even be this year's high point.

But in the next market trend, stock investors never expected that this huge gap and negative line would be repaired in only two days. This made people who were weeping and cutting off their positions scream in anger and go crazy. Pat the thigh.

After the plunge, the market began to rebound on Tuesday, January 20. The Shanghai Stock Index closed up +1.82% today at 3173.05 points, basically covering the physical part of this big negative line.

On Wednesday, January 21, both cities surged across the board. The Shanghai Stock Exchange Index surged +4.74% and closed at 3323.61 points. This big positive line directly filled the gap on Monday.

Investors believed that it would take two or three months of adjustment to repair the situation. As a result, the correction was completed in just two days, and the market index returned to above the 3,300-point mark. This market situation once again caught everyone by surprise. Defend.

The market lost 3,300 points in two days, but investors from all walks of life in the market were agitated. Because of such a short period of sharp rise and fall, the market was still over 3,300 points, but investors had already suffered heavy losses. Many people lost ten dollars in a short period of time. Multiple points, even twenty or thirty points.

Is this a bull market? If you don't scold, there will be ghosts.

Judging from the K-line technical form that has emerged in the past month or so, there are definitely only a few investors who can grasp the market and make money, because the daily K-line pattern of the Shanghai Stock Exchange Index in the past month or so has shown a "diffusion triangle" shape.

This technical graphic is just the opposite of the "convergent triangle", and some people call it the "trumpet-shaped" technical graphic.

It is difficult to make money with this kind of K-line form, but it is very easy to lose money, and it can also easily cause blood losses. The vast majority of investors simply cannot grasp such a market situation.

Because of the trend of this spreading triangle, when it rises, it will break through the previous high and reach a new high, making you think that a new round of market will start after the adjustment, so you increase your position and chase after it.

As a result, just when you thought it was about to start a new round of rising market, it suddenly changed its attitude and started to sell off. It didn’t matter if it was selling off, but more importantly, it would break through the previous low and hit a new low, making you think that the support was broken. When the market goes bad, it will enter a downward channel, so you are frightened and can't wait to cut your positions and cut your losses.

But just as you cut the meat, it reversed again, rose rapidly again, and would break through the previous high and hit new highs in one breath. The K-line combination graph that came out was like a two-sided continuous expansion. Triangular, also like a trumpet shape.

The highs create new highs and the lows create new lows.

When it hits a new high again, you get really angry, secretly thinking that the main force is washing the market, and they are washed out by the horse, so you get angry and go in again, but it changes its face again and falls again.

Then you were dumbfounded, saying that you had been fooled twice in a row, and secretly cursing yourself that you were a Sabi, but this time it fell again and broke the position to a new low. You were angry and scared at the same time, thinking that this time it must be an effective breakthrough, so I shed tears again and decided not to reach out again. I will watch his performance no matter what and will never get involved again.

As you expected, it hit a new low and then quickly reversed and rose to a new high again. This time, you accurately predicted it, but you were not happy, and you were even so depressed that you wanted to vomit blood.

Because this time you predicted it but chose to wait and see, without intervening, and just watched it rise rapidly, and it was the largest increase. You were short the whole time, which is very frustrating just thinking about it.

This is the power of the "spreading triangle" technical form. Once you fail to grasp the rhythm and make the wrong move, you only need to suffer one or two rounds of losses, start with twenty or thirty points, and even face a cut in half.

Not only will you lose money, but you may also become angry.

The current technical form of the A-share market is the diffuse triangle pattern where people are most likely to lose money. Although this month's index has reached new highs several times amid shocks, many people are actually losing money.

After the two positive lines reversed, on Friday, January 23, the market index reached a new high again, reaching 3406.79 points, with the largest intraday increase reaching +1.89%. It was quite a lot to see the market index break through again. All the investors came after him.

The result was dumbfounded, and it fell back in the afternoon. In the following week, Big A turned down again.

Many short-term investors who had wrongly followed the wrong rhythm were toyed with to death in this extended triangle range, and were exhausted physically and mentally from the torment.

When you think it has broken through, it turns negative and sells lower. When you think it has reached the support level, but it sells further and breaks the level. When you think the pattern is deteriorating and will enter a downward channel and you are bearish, it suddenly seems to be on drugs. Strike upwards.

The A-share market once again broke through a new high, and then fell for five consecutive times, breaking through the 3400 points, 3300 points and 3200 points in a row.

In the first month of the new year, the A-share market ended in such wide fluctuations.

…

On the morning of Saturday, January 31, the astronomical academic community and many melon-eating people focused their attention on the "Sky Mirror" research center, and a press conference was being held at this moment.

At the press conference, team leader Ning Xingqing officially announced to more than 200 media organizations present: "We discovered gravitational waves! We did it!"

Not only were there many important members of the "Sky Mirror" team, but there were also many people from Xincheng University.

Ning Xingqing, who was on the podium, said to the crowd with excitement: "January 2, 2015, is a very ordinary day no matter how you look at it. However, in the history of future generations, it will definitely be recorded like this: On this day, Human beings have a new tool to understand the universe. From then on, human beings no longer only look at the universe with their eyes, but also listen to it when facing the universe."

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