274: The power of a bearish engulfing pattern!

Piercing Dark Cloud Candlestick.

Its official explanation is: composed of two K-lines, where the second K-line completely engulfs the first K-line.

And today's stock market trend perfectly matches this pattern.

Therefore, tomorrow's trend is self-evident.

As a typical K-line signal indicating a market top, when this pattern appears, the market performance the next day is usually not good.

Especially at this particular time, the destructive power of this pattern is even greater.

No wonder Xu Xiang would say such a thing.

Looking at the stock market, those experienced Stock Investors, seeing today's closing price at its lowest point, with no funds resisting.

Those without positions were fine; they could sit back and watch the fight.

But Stock Investors who still held positions were already in despair.

They probably already knew how tomorrow would unfold.

A gap-down open is certain; now it's just a matter of how far emotions will collapse.

.

That evening, or rather, when the dragon and tiger list was released that afternoon.

Countless Stock Investors were asking in various Stock Bars, under various dragon and tiger lists, and even among the Hot Money groups on Stock Picking Bar.

What should they do?

With this kind of market, can it still rebound tomorrow?

Regarding this situation, some top Hot Money groups had already received instructions from above, so naturally, they didn't dare to speak carelessly at this time.

Being cautious in words and deeds was the most important thing to understand at this juncture.

As for Wang Lin, he was also waiting at this moment.

This stock market crash was different from before.

Stock Investors who hadn't exited today were beyond saving.

Wang Lin saw it very clearly: any Stock Investor who didn't exit during the rebounds over the past two days, if the market later crashed, it was their own choice.

However, after the market closed that day, it was the weekend.

During this weekend, many Stock Investors holding positions basically couldn't eat or sleep properly.

Work?

It had long been forgotten, nobody knew where.

When you can earn tens of thousands of yuan in a day, who cares about a monthly salary of 3,000?

Now, all they were thinking about was how to earn back their previous floating profits.

Even at this point, most Retail Investors still didn't think it was a stock market crash, because most Stock Investors basically don't look at the overall market; they just think the stocks they bought are bad.

Didn't you see that all the individual stocks with merger and acquisition concepts were ignoring the overall market during this period?

What does this indicate?

It indicates that the market isn't bad; they just didn't pick the right stocks.

"Next week, we must buy merger and acquisition stocks!!"

"Right, on Monday's open, I'll mindlessly place a limit down order to run, then go buy merger and acquisition themed stocks, or some strong growth enterprise market stocks are also good!"

"Why haven't I seen any impressive stocks? They basically just follow the overall market's ups and downs. After playing for a few days, I check and end up owing more than ten points. It's disgusting."

"Who isn't saying that? I've already lost more than half of the money I earned in a few months!"

"Chuanhua Shares, it had 8 consecutive limit-up days; Jinying Shares, 9 consecutive limit-up days; Chengtou Holdings also had 7 consecutive limit-up days. Aren't these all big gains?"

"That's true, it makes sense! Go hard next week!!"

During the weekend, Wang Lin went to Modu to attend a conference led by regulatory authorities.

The theme of the conference was how to effectively protect against this stock market crash.

With the appearance of this Piercing Dark Cloud Candlestick, they all understood that a market collapse next week was inevitable.

As for making proposals or anything, it was too early to publish them now.

It hadn't reached the time of true panic yet.

Didn't you see that some people online were still discussing what to buy next week?

Monday arrived quickly.

After all the discussions over the weekend, when it was time to act, everyone surprisingly started to flee.

Because the bidding was too fierce.

The overall market opened with a gap-down of 1.3%, and many individual stocks opened directly below 5 points.

This situation was simply a bloodbath!

The most critical thing wasn't this gap-down; a gap-down could always be pulled back up.

The key was that this gap-down caused another portion of funds to be liquidated.

This time, it truly triggered a chain reaction.

If the previous collapse only saw about 3% of people liquidated.

Then the situation this time was different; many Stock Investors previously had profit buffers and could withstand declines.

But with this decline, their profits had long been exhausted by their aimless operations over the past few days, yet they still charged forward so bravely.

In fact, sometimes, many Stock Investors are like this.

The more they earn, the more stable their mindset becomes.

The more the market collapses, the more their funds decline, the more they start to panic.

Especially after being trapped, they still think about adding to their positions.

The result is that not only is their original principal lost, but the money they borrowed is also trapped.

When they finally settle accounts, they are directly liquidated, and even lose a significant portion of the borrowed money.

This kind of thing is most likely to happen in the early stages of a bear market after a bull market.

In a certain place in Su Province, a white-collar worker named Xiao Hou, who spent his days in office buildings, experienced such a thing.

Today, he decisively sold his almost limit down stocks, then added 300,000 borrowed yuan, and went all-in on Chengtou Holdings, which had already risen to +5.8%!

A total of 615,000, he went all-in on Chengtou Holdings, buying at the 6% mark.

Oh no, for him, it should be considered full position with full margin.

Because he only had 315,000 yuan left.

At its peak, 790,000!

This shows how badly the stocks he held had lost money during this period.

Halving doesn't even begin to describe his operations.

Immediately after he bought in, the stock market further declined, but Chengtou Holdings fluctuated around +7% for a while, then surged straight to the limit up.

At this moment, Xiao Hou felt nothing but surprise and comfort in his heart.

He sat at his desk, shouting in his heart: "Nice! That's it, this is the stock market I'm familiar with, this is the operation I'm familiar with!!"

He glanced at his holdings.

After cutting losses on the previous stock with a full position, his account's profit and loss had reached around -6%.

But because he added another 300,000 yuan and went all-in on Chengtou Holdings at 6 points.

In the end, he actually made about 10,000 yuan.

With this, he was already very satisfied.

Because in the Stock Bar, someone was already shouting about 11 consecutive limit-up days.

"Let it fall, the more the stock market falls, the more Chengtou Holdings will rise. This stock is a group-held stock!!"

"Haha, I think so too. Are you all well-fed today, brothers?"

"So sweet, now I increasingly love this market. Watching others suffer and wail, but we are fully invested and hitting limit up. Only those who experience it know this feeling."

"The limit up was so firm today, there will definitely be another one tomorrow!!"

"Another one isn't enough, it needs to hit consecutive limit-ups all week!!"

Xiao Hou looked at the lively atmosphere in the Stock Bar, a smile on his face, and commented: "Today, I got on board with a full position and full margin at 6 points. Let's all get rich together with Chengtou!!"

After speaking.

He put down what he was holding and left his workstation to go to the restroom.

On the way, he was still thinking that if it hit limit up tomorrow, he could earn over 60,000 yuan in a day.

A few more days like that, and he would seemingly quickly reach his peak of 790,000 yuan.

If he was lucky, he might even break through 800,000 yuan in funds, who knows?

Xiao Hou thought happily.

As he sat down at his workstation, just as he was about to open his software, he heard a colleague next to him say: "Xiao Hou, the boss just called you to his office. He sounded quite urgent, and I saw his face was very grim. You'd better hurry."

Xiao Hou was startled and said: "Okay, I'll go right away."

Xiao Hou, standing up, wanted to take one last look at his limit-up stock.

But with that look, he was completely stunned.

Chengtou Holdings, which had been sealed at the limit up, had now actually opened the limit up and was continuously being dumped.

"How is this possible, this is impossible, it must be a shakeout, the final shakeout!!"

Chengtou Holdings' gains were still falling.

+7%!

+5.4%!

+3%!

It fell very quickly.

So fast that Xiao Hou didn't dare to look.

He quickly closed the software, his heart pounding.

He murmured: "Fake, it must be fake!!"

"The boss is looking for me, I need to go to the boss first."