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Data:2009-12-12 2:34
Volume name implies, refers to the stock market or individual stocks transaction amount. Volume size, you can measure the stock market or individual stocks trading level of activity, and thus to observe and understand the main buyers and sellers enter or exit the market situation. Experienced stock investors, often the entire market or individual stocks as a measure of the volume and observe the market trend changes in the premise, and to look for the main body or Zhuanggu movement, select entry or exit the market opportunities.
The classic theory of stock market investment or speculation, all that volume will not be deceptive. The size of trading volume and stock price rise or fall is proportional to the specific sum up, that is, one, increase in volume before prices go; 2, volume shrinkage of the stock price would not be dropped; 3, prolonged consolidation of the stock with a volume of a breakthrough plate when the Bureau of upward Zhang Sheng, which means the dealer should be pulled; 4, the stock price at a high level after massive definitely will put a record high. These views are sometimes correct, but in many cases is one-sided, or even completely wrong. Old-yu also put in the investment practice, the changes in the stock trading volume as an important target for observation, and once the amount of price in accordance with the classical theory of operation and found that volume will not only deceptive, but also making the best way to set the trap, it For some understanding about the number of price-volume relations, technical analysis Sidongfeidong people a lie, a quasi-, so that many people suffer. Banker is how trading volume traps, how to prepare for medium and small investors do?
Trap 1: a sudden high volume, breaking long-standing after-hours.
The long drive is sometimes said here refers to the share price pushed up quite a large range of high post-consolidation, and some pushed up the stock and then diluted Transmission and Distribution of the consolidation, as well as the daily news bulletins or annual reports shortly before the correction. The so-called consolidation refers to a period of time (eg two months, three months, or half a year, etc.) stock in a relatively narrow price range for fluctuations, uplink weakness, fell immeasurable, trading very active, not to be market concern. Such shares are sometimes held in a day was found hanging after opening a large number of buy or sell securities, put on an upward pulled the rack. After the opening half an hour to an hour, pay a lot of layers to seal hung on to buy one, buy two, buy three of the price on the same token, a large number of large sell orders are also hung in the selling price one to sell three of the. Sharp increase in trading volume, propelling the stock. Investors will find it an immediate turnover of abnormal changes, many people even tentative buying. However, due to foot the bill had been choked, in order to ensure that transactions can only be bought directly from the market selling price. It is precisely because more people are buying this market, even though throwing a single heavy, stock prices still rising, further enhanced the confidence to buy and produce the unit will exceed the amount of disk Council with up to launch a new round of rally associations. An hour or so, the share price may be jumped to about 8%, and some even pay for a short time a large number of letters daily limit. But soon later was a large number of sell orders to open limit-callback to hover around the 7-8% rise. Consolidation, when to buy two, buy three of everything without a lot of buying one of everything without a relatively less. However, selling one to sell three of the three-priced sell orders are not many, but a lot of volume but obviously there is a market price of selling price in buying a throw. Until the day of closing, the majority of stocks are in the vicinity of 7-8% increase in turnover. The next day, the unit may be slightly lower opening, and then quickly pushed up to around 5-7%. Or sometimes just a high-opened high-go, a great breakthrough in the formation of gap rack. When many people see the stock break through plate Bureaux chase, the stock rose to 5-7% of the sudden U-turn down a lot of throwing everything without a single thrown to those who chase the morning without withdrawals, failure to complete the medium and small retail. Although this will be followed repeatedly pulled up, but the bottom-up initiative to pay less, while the single has been thrown down in the stock gradually lower, to close the first half hour or even fell below the closing price the day before yesterday. The subsequent days, the unit volume decline, stock prices will soon fall below the starting up the previous point, and way more than Yindie. If investors do not stop in time, prices will continue to accelerate the decline fell hard to believe that the degree of investors stuck with depth.
A closer look, why the stock will suddenly break up heavy volume Shiyou U-turn down, and even accelerate the fall? This is the trap of making use of volume settings. The usual situation is that the dealer know that in a long time after the force plate upside can hardly be effective, if they can not find a long-term consolidation continues to do more subjects, and even potentially bad news has been making known. In order to quickly get out of the banker in a long time after-hours and take Gunda their own way of chips, resulting in large volumes of the illusion, causing concern about the short-term speculation in hand, to induce people to blindly follow. At this time, the dealer just launched its own shares when Gunda, in pushing the process, many people chase the banker took up a large number of sell orders. Chase those who did not buy the stock, and then will pay hung in there, people are even more enhanced buying power, and provides an opportunity for the dealer to ship. Makers is the price of l used in this way increase in volume generally been accepted that the principle of creating a false impression that to achieve the purpose of shipment.
To "Jingwei Textile Machinery" as an example, the Unit on June 24, 1997 listing of employee shares a few days ago, the dealer resulted in a small Yangxian Jigen made Xihuo the appearance of, 24, after opening down, the rapid turnover amplification, the stock almost pulled daily limit. The day on heavy volume of more than 1500 shares, but then again and again Yindie more than a drop of up to 50%. Obviously the dealer pulled up on the 24th day of shipment. There is a similar situation April 20, 1998 the "Guangdong Fortune" (0828), August 6, 1998 of the "Wuhan Industry" (600,168), etc. shares exactly the same way its operation. For this technology is not easy to guard against cheating line, but it is worth to remind that once the share price fell below the amount that it brought the day's opening price upside, you should stop playing to avoid face a significant loss.
Trap 2: mid-year report or annual report announcement, stocks suddenly larger volume.
Daily news or annual reports before the announcement, many companies have done out of performance. Therefore, the company's board of directors, accountants, accounting firms, as well as on mid-year report or annual reports will be one step ahead of the news media aware of the message. So shares in the newspaper or annual report is published before the news leaks a result of abnormal volatility. Good performance of companies, their operation is already in the brokerage and research among large organizations, their operating results have already come out may be predicted. Thus making them long ago took over, the stock prices to achieve a high position correction, waiting for good public ship. But there are also some listed companies to disclose confidential information on a good job, until a few days before the announcement leaked out in the relevant areas. At this time, the bookmakers to low-priced collection of chips was too late, but excellent performance and indeed are doing short-term opportunities. Therefore, some funds will quickly enter these stocks, how much can buy buy a lot of the stock to rise from the fire is not no quick fix to moderate volume amplification. Pending the announcement, investors share the common stock is worth buying, the Unit will place a high limit-open. Then, early access to news people will share all the throws, making a nice short-term speculation. For example, 99 years prior to the announcement, July 10, Gree Electric Appliance (0561) suddenly gone against the tide and, on moderate volume amplification. The next few days, despite the general trend callback, heavy volume pushed up. To July 29, the stock rose from 32 yuan 38 yuan more. July 30, released mid-year report, the Unit 0.96 yuan per share benefits, performance-qi good. As a result, the afternoon of July 30, the stock opened higher at 42.75 yuan's daily limit on-board a large number of investors bought the same day, trading volume from the normal two to three million shares of larger more than 600 million shares. Earlier access to one of the people on this day shipping purse profit up 25-30% or so. Jue the stock was a weak, all the way Pandie. Clearly there is no long-term speculators, are some short-term speculation in hand. Like this stock, do not chase the stock to resume trading day after the high bid, should calmly look to see whether the phenomenon of the main ship. If the stock really rose up later, you could not resume trading day of buying, do not regret it, because you avoid a risk.
Statements before the announcement, there is a situation where a stock would have been more than Yindie to form a downward path. But for one day prior to the announcement, the stock opened down suddenly, or in intraday fiercely suppressed, resulting in abnormal stock price volatility in order to attract market attention. Subsequently, the Unit will have a large number of buy orders or sell orders simultaneously. Volume soared, the stock has also been pushed up. At this time, the majority of investors think the stock mid-year report or annual reports will announce a significant improvement in performance, so, like stroke statements about the Unit for a short-term speculation, on the day follow-up bold. Who would have expected the next day, the unit is not heavy volume up, and some even Suliangpandie, then it is all the way drop quickly. Results to be announced, the stock performance of large landslide, stock prices fell immeasurable, and some even limit down again and again, so that investors stuck with depth. For example, 99 years Luzhou (0568) on July 29 had previously been in a downward spiral in the Pan Die, volume shrinking. However, the August 3rd day, the stock opened at 16.10 yuan, and rapidly down to 15 yuan. Then throw a large number of single-and pay emerge, it will push up stock prices up to 17.70 yuan, the day of amplitudes up to 2.7 yuan. Many people follow the principle of amplification based on volume, on the day the stock. Did not think up the next day the unit is not going down, and then all the way Yindie than to the announcement on August 13 reported that only 0.1 yuan per share earnings, compared with last year-end statements, performance dropped significantly. The stock then dropping three daily limit has been dropped to 11.30 yuan. Within a few days, or up to 6 yuan more than a lot of people up in heavy volume after the day of buying high stuck. Why is there such a situation? Old-yu think the stock has previously been part of the body fitted, but considering the good performance of the stock had been hoped that some of the performance before the publication of interim reports. But in fact, the market decline on the stock performance has long been rumored, so no new main intervention. The more close to daily news published quilt makers also know that stock performance is not good, some sort of relief hopeless, had to backhand short, in order to reduce the cost of Chi Chou. As a result, making use of statements before the publication of a number of short-term speculation in hand pump create a false impression loving message to Gunda way in opening the trap caused by large volumes. Actually push up their stock out of the process is much more into less, and the war and go to reduce the chip. The next day is still possible to barely push, but a little too much into the volume is not an effective amplification, and even the amount of shrinkage, causing the market vigilance. Buying less, and some even leave open positions. At this time, making further use of the hands of the remaining chips, the backhand short. In particular the decline in performance following the announcement, investors panic, there is more than the phenomenon of killing many, bookmakers simply a way to again and again to block lower limit price, not killing some investors lost their reason, even after the lower limit again and again hung in the daily limit selling single. At this time, the bookmakers see short successful, will double to buy low-priced stocks, smoothing costs to plan the next round Quotes profit.
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Sum up, the old stupid think that before the publication of annual reports or stock movements quotes, have the following three ways:
1, the stock has been rising in a long run channel, the stock steep rise, and some even doubled, the general performance of the stock outstanding, there must be a long village stay. Excellent performance to be announced, usually accompanied by high-Match in the message. Resumption, will release a huge volume, the dealer shipped by the good.
2, the share price before the announcement in the report, has been made narrow consolidation, but that some day a moderate contribution, steadily pushing up stock prices. Unit performance is usually good, but making no long-term speculation. Results announcement for restoration of large volumes of shipments for the short-term speculation in hand.
3, the report before the announcement, the stock has been declining channel, performance reporting deadline for all statements few days delay in appearance, but the price is that some day a sudden heavy volume. This is usually mostly empty anti-quilt maker to create large volumes of trap. This trap is most worthy of prevention.
Through the ignorance of the two volume set on the old trap of the discussion, and some shares of the Friends seem to feel some sense, they called to tell me that they are the increments of rising values in accordance with the principle of buying the stock, but later is still stuck with the . They do not understand, then the large volume, should individual investors are buying it? If the dealer Gunda's own stock, they do not have to pay a large cost?
Is indeed the case, the dealer at the Gunda shares a lot of time to pay the costs. However, the bookmakers Gunda's own stock, often in the opening and closing long before. Open Soon, many people do not know if a stock will go up, very few hang sell orders, so little money as long as the dealer will be able to hang on selling stock on the eating, and eating while hanging out of its own shares. Once the market was followed up, as long as the dealer to buy one to hang on to buy 3 of the price surge of buy orders, resulting in the impression that someone wants to buy a large number, it will make some people chase the market price, ways to buy hanging in the selling on the stock. The dealer bought the stock you really are very limited. Makers not only to buy less, but also own shares to buy everything without throwing those people, whoever Jiu Ji who, if they are not asking for lodging, bookmakers pay pushed up again linked to stock prices and then to a higher level, but also to induce others to follow-up. Although the makers are pushing up the process of buying a lot of hanging out of their own stock, but the throw will be more to go. Similarly, in about ten minutes away from the day before closing, and some bankers will suddenly take off on the stock price pulled way down, and some even pulled the location of limit-closed, resulting in Jiashengliangzeng scenario. The next day the media and stock analysts who also will remind investors concerned about this unit. The next day opened, the unit and usually quickly pulled up, and then saw pay follow-up, do not hesitate to ship.
Making use of volume manufacture of traps must choose the time, usually this time period is short-term investor expectations. Plate after a long break, before the publication of performance reports are very easy to create a false impression, so that investors hallucination period. Next, talk about the other trap.
Trap three high Transmission and Distribution of large volumes of diluted
Zhuang Gu speculation of an iron law of the Unit must have a large proportion of the Match in the message. In the large proportion of bonus, transfer and placement of shares with the provident fund was announced before the Zhuanggu usually fried very high. At this time, the general experience of buying and selling stocks little people do not buy at a high level. The share price after a sharp rise, the dealer lift does not make sense. So, stock should be stabilized at a high level for some time, waiting for Song Honggu or provident fund transfer information. Once the announcement, also pushed up shares of large ex-dividend, so that price down to very low, 30 yuan of stocks, 10 to send only 15 yuan in 10. At this time, making use of extensive psychological Dazhong Xiao retail chase, in the ex-dividend day lift stock prices sharply, resulting in huge volume. Reasoning and methods, and the two traps set up exactly the same time. When the retail fantasy Tianquan Quotes arrives, the dealer shipped it took the opportunity to wantonly.
Quotes are usually only two or three days of this. To "Amoi Electronics" as an example, the Unit had this year, from 12 yuan 41 yuan more than Chaodao. July 17 interim results announcement, bookmakers take good ship, and then walk part of the subsequent shock has been at a high level, no one chasing a high. August 24, the Unit 10 Song Honggu five shares of stock, and the other two shares of fund donation. Diluted, the bookmakers at the open, there are clear acts of Gunda large volumes, many follow-up to the dealer to obtain excellent shipping opportunities. The next day, the Unit continued to ship, and then enter the consolidation.
Substantial number of shares diluted, it is certain that Tianquan market, but a specific treatment. In general, the ex before the stock price doubled, tripled or even tripling of the stock is difficult to immediately Tian Quan. In addition, the diluted share capital expanded to 9,000 million shares, or even 100 million shares of stock, diluted difficult Tian Quan. Only those who take a long time in the ex before the banker, is preparing to dramatically pulled the stock in the only possible Tianquan ex.
It is worth noting that the bookmakers use of large volumes of diluted create traps, it is possible in the ex-dividend the same day, it may take a few days, according to the overall situation was determined. Some shipping entirely once, on the diluted several shocks, set up a variety of seemingly bottomed illusion of success, in heavy volume on the way upside shipping. To "Wandong Medical" (600,055) as an example, the Unit first half of 1995 from 15 yuan Chaodao of 27. April 6 per share, send the unit, transfer 10 shares, diluted, making April 15, respectively, 16 and June 1 with the amount of upside manufactured to create the illusion Tianquan, but the real purpose is a goods.
A sharp diluted shares, investors should carefully study whether the rate of expansion of its share capital and performance growth to keep pace. Should also examine the number of diluted shares outstanding size and follow-up to speculation whether the subject matter. Must not see heavy volume Jiugen, see the prices go on the chase.
Sini trend trap upside down and the heavy volume
Some stocks may be a long time on a platform or a box within the consolidation. However, one day fall in the trend of heavy volume, stocks have turned green, and the market a sigh of decline, the stock contrarian rosy, heavy volume upside, resulting in a "pair of little red 10000 green" market effect. At this time, many people would think that as a contrarian stock'm sure there is good potential to be announced, or there is a large number of new funds assigned to them, so bold and follow-up. Shuiliao stock often only one or two days of the stock market, and then drop has accelerated, so that many people who follow up on heavy volume day stuck upside.
With "ST Southeast Asia" as an example, the Unit began in July 1997, from 6 yuan has been Chaodao more than 16 yuan. November 28, the unit sent for every 10 shares, transfer five shares, diluted stock has not been any overtures. To April 8, 1998, the unit volume from the past three million shares, to zoom into the more than 1,300 shares, April 9, 10, peaked callback in Shenzhen, most of the stocks fell sharply, but the shares bucked the market, high turnover, attracting a number of short-term speculation hand chase. However, after April 14, the stock has Suliang fall, it is a wave and then drop ruthless Bobby has been a downward spiral in the run. To August 31, 1998, for a whole fell more than 4 months, the share price of 10.50 yuan from the diluted fell 4.80 yuan or so has been. And then drop appalling, so many people chase the depth of stuck.
Clearly, the unit making use of the reverse operation of the psychology of people in the general trend of decline go against the tide and attract a wide range of market concern, then lift up into shipping purposes. In this case, the bookmakers are often desperate, desperate one stroke, set traps, and many short-term speculation in hand just would also like to gamble, chasing a high risk one's life, just in line with the banker's wish. Frankly this trap quite easily so that those who experience short-term speculation of people fall for.
Makers in the accumulation of time, not volume, so long as patience, more consolidation in the bottom line for some time. Dealer to ship, because of the hands of too many chips, it will always find ways to set the volume trap. Therefore, we studied the relationship between volume and price should be a comprehensive survey of a stock a long time (six months or a year or more) of the running track, understand its price and its live performance of the relationship between the activities of bookmakers to find out signs of and its laws in order to avoid making heavy volume when the ship blindly follow-up.
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