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Data:2009-12-12 2:34
When the market entry in May since the bull market of the concept is widely spread, market analysis logic is: continuous heavy volume rose mark the arrival of the bull market. Here, the bull market has been interpreted as a real-time concept, of course, such a message is from the perceived fool people, but stay in a vague knowledge base. Now, I tried to analyze quantitative and logical point of view to explore the "what is a bull market."
First of all we have to borrow the mathematical tools commonly used: coordinate system, and will coordinate to make some application changes.
Next, I need to define a most basic concept: the standard unit of a bull market. Once the bull market of such a standard unit, market analysis, many problems will be solved. Above diagram is a standard bull market unit, it is unique.
1. An index of the percentage of coordinate system 2. To the index as an index of a certain high percentage of coordinate system origin O3. An obvious low X-, recorded as fall-Z% 4. An obvious high point of X +, the rate of increase recorded as + Z% 5. Low X-, and high points X + and the rising rate of decline in the absolute number of very 6. The origin O with the low X-connection, the low X-and high-point X + connection 7. Low X-point of X + and high connectivity of the intersection with the horizontal axis O1 credited here, needs to be stressed is the standard unit of the bull market is unique. The following is the standard unit of a simple inference bull market, as shown below:
Bull market in the standard units actually encompasses a hypothesis: index off across the horizontal axis. From a logical perspective, the index of a one-off if you can not pass through the horizontal axis, there will be a second, third, until the first N times through the horizontal axis to form a clear high point of X +, I put this logic is called the standard form of a bull market unit of inference. In general, I put through the second through the horizontal axis to form a clear high point of X + in the form of a bull market is called the standard unit of simple reasoning.
Now, there may be readers may ask: in the actual stock market movements can not be there is such a standard. Yes, because the existence of expectations and game behavior, the market highs and lows will be a certain degree of deviation, or even the larger the deviation, but the market structure can not be changed. This market structure has the inevitability of unique.
With the standard bull market units and their corollary of these two concepts, we can define the standard of the bull market. Standard bull market is a bull market in two or more standard forms of stacking units and their corollary of the market structure.
At this point, we have a clear concept of the standard bull. So what is the standard bull market and bull market of the relationship? Is very simple: because of the existence of expectations and game behavior, low X-, and high-point X + will be a certain degree of deviation, but the market structure will not change. It is worth mentioning is that: The above discussion does not involve any one particular stock market, but it certainly can be used to analyze any one country's securities market.
Through analysis, a standard unit has been running bull market in place, of course, that may occur in the X + at a certain degree of deviation, but the market is bound to proceed to the next bull market in a standard unit, that is, no matter how deviate, no matter how long deviation will become a a high point. Here, the passing reference to look at risk. Many investors do not know why the risk of material fact, in the standard form of a bull market unit and its corollary, one can see: index fell, the release of risk; index rose to gather risk, the greater the rate of increase, the greater the risk. This is the most intuitive understanding of risk. Wang Gang Bing î—?î—?/span>