Category: Money Tips Date: 2006-04-15
If investors can accurately grasp the pulse of the ebb and flow tape, in the broader market will rise in time for follow-up, and in the broader market down-turn, when there can get out, then it can effectively avoid systemic risk, but just bear with individual stocks to non-systemic risk
In the past, the ebb and flow of the tape of traditional research, we tend to focus on the market rose in a number of days to form a time series on the history of the index movement through research, using a variety of methods and indicators to determine the future direction of the broader market. Then, the movement of stocks in one day whether there is a certain law? Through research we found that the broader market up or down in one day there is a certain law, they just like human beings, not only the daily temperature will be different, but that is the day the body temperature will change.
We will Shenzhen component indices since 2002, March 6 to 22 5-minute chart K collected, we calculate the index within 5 minutes and 5 minutes between the volatility of volatility. Within 5 minutes is defined as the volatility index of 5-minute line, the highest price divided by the further reduction of the lowest one, 5 minutes between the amplitude of two adjacent 5-minute line, the closing price divided further reduce one. Within 5 minutes we look at volatility of indicators found in the March 6 to 22, between Shenzhen component index of the largest fluctuation within 5 minutes occurred in the opening period after 5 minutes, to reach 0.37% for the day the most. Volatility, the top five respectively in 9:50,14:25,14:20,14:30 and 14:05. In the top five among the two largest amplitude appear in the opening half an hour later, there are three in the afternoon between 14:00 to 14:30. It is noteworthy that within 5 minutes a day average volatility of 0.17%, and 10:40 to 13:50 am for 20 consecutive occurred within 5 minutes less than the average volatility of volatility during this period includes 11:25 and 13:50 two 5-minute time slots within the amplitude of the smallest.
5 minutes from the volatility of the data accumulated between them, and we see the obvious "two down three liters a correction" feature: "3 liters" is 9:40 to 10:05,13:30 to 14:00,14:45 to 15: 00; "two down" for 10:05 to 10:40 and from 14:00 to 14:45; "a correction" for 10:40 to 13:30. In this "two down three liters a correction" in the afternoon between 13:30 to 15:00, "up - down - re-up" of the fluctuations in the limelight, after a half-hour up to 14:00 PM the whole 5 minutes a day maximum cumulative rate of return 0.58%, followed down the slope is the day the largest and longest one down, in the closing 15 minutes before the broader market has recovered some lost ground. This basically reflects the recent broad market fluctuations in the day.
Within 5 minutes with 5 minutes between the cumulative amplitude and amplitude of the trend, we see that in the day's trading hours in the morning between 10:40 to 13:30 the broader market, not only in within 5 minutes of the less volatile, and the 5 minutes between the amplitude is not large, so that investors choose stocks Jiancang time, because in this period of volatility and little chips cost is relatively stable. Investors will have to throw the time the stock market's Kuari trend of combining characteristics of a trading day to determine which of the other time slots.
