Category: Money Tips Date: 2005-12-19
1, more than six months of the horizontal fluctuations.
2, to settle down at 30% fixed rate fluctuations within the
3,8 weeks of trading up 40% of the total turnover
4, Zhou K-line pattern for the two folders a yin yang, Tai Yang Xian, or the morning star
Since 97 years, and the prices every year, a dark horse every year, but it can ride a real-time dark horse of the investors are very few, such as the Merlin shares, Maanshan Iron and Steel shares, Kazakhstan-year-old treasure, good Chinese industry and commerce, although the sensation caused by the market cohort, few investors are able to timely intervention. In a wave of big move, do not fall in stocks was up against a minority, such as a large number of investors are bullish on Sichuan Changhong, in early 2000 Quotes performance of the Shanghai Pudong Development Bank has failed to even it is not up anti-down, so many Investor disappointment. How can capture the activities of the main clues in the market, how to interpret the password which has become the subject of keen market investors. This paper from the market of the most common phenomenon of consolidation to start to explore the technical requirements resulting dark horse.
The importance of space-time
1, the sense of time
It has been observed, for most stocks, its most explosive rise Quotes are to maintain a 30 trading days to reach the top of the consolidation and reduction of time are often more than half a year, for example in Table 1 we have listed a few individual stocks.
As the consolidation time and the ratio of individual stocks rise time of up to 4 to 1, the absolute time long enough to consume the patience of investors, its sideways range of small, so that the vast majority of investors have suffered during the chase sideways Shadie a hard time. Once thrown the stock, we also found the original "plague stocks" became an instant eye-black horse. China's stock market over the past few years have been short-bear long dispute over cattle, from the operational characteristics of individual stocks to see that the feature does exist. At the same time, through the table can be found that the rising phase of individual stocks there is the time difference, the existence of this phenomenon to provide investors with more investment opportunities, has also increased the difficulty of operating stocks.
On the other hand, in recent years, China's stock market movements to see, almost every year a wave of market, but few maintain Quotes 3 months (13 weeks) than without adjustment. Dow Theory states: the index to reflect market fluctuations can be explained, and most of the acts. When the market is rising, and rising stocks increased significantly, the market adjustment, the same. Observations from the actual market, most stocks are indeed with the broader market fluctuations to maintain a certain degree of synchronization. But a more interesting phenomenon is that some stocks do not keep pace with the market trend, and the movement of these stocks have some commonality on these stocks will help us get beyond the common market's gains, that is what we have explore the phenomenon that purpose.
From the above is not hard to find individual stocks consolidation periods longer trend. If you start before 96 years of experience Dongdaapai about 5 months of consolidation, 98 years, Pearl of the Orient on the rise before the consolidation of 7 months, rocket stocks in 99 years to start in May through 21 months prior to the correction bottomed, The current glory for all to see. As a result, from a time perspective, consolidation should be defined as more than half of the horizontal fluctuations.
2, space the meaning of the concept of space can be divided into two categories: absolute space and relative space.
Absolute space refers to the size of the absolute value of share price movement. Absolute space is the meaning of the following aspects: first, a rise in stocks of space is infinite, while the downside is the limit of 0. This trend of our research individual stocks, there is no sense. Second, the stock market, the actual movement of space. Development path of the stock market, as the market matures, Qi Zhang a total or phenomenon is very rare, Stock Quotes come to dominate the broader market operations has significantly increased the degree of difficulty. First, the individual stock price increased polarization in this year of the stock market, the first time, more than hundred stocks, but in general most of the volatility of individual stocks in the range of 2.5-70 yuan. Second, from the start price of individual stocks to see, as the cap, lower the dark horse --- Maanshan Iron and Steel shares when the price is 2.5-3.0 starts yuan, while the high-priced stocks such as Blue Bird price of the flyover starts 20 -- 22 yuan, the launch price of individual stocks in the 2.5-23 range of basic yuan. Third, from the flow of the market value of view, little more than the market value from 1.5 billion in circulation started. If Merlin shares, start the flow of the market value of about 10 billion yuan, Maanshan Iron and Steel shares start the flow of market capitalization is 1.5 billion, Bluebird flyover is 1.45 billion yuan, Haihong Holding 15.4 billion, largely in 1.5 billion.
