Category: Money tips Release Date: 2007-04-19
Middle line in the technical analysis generally refers to 250-day moving average line, without considering the case of volume factors, the annual value of the line that is 250 days, the average transaction costs. Years, the role of the line is mainly used to determine the broad market and individual stocks big trend. If the index (or stock) in the year above the line, while maintaining upward year trend line shows that when broad market (or stocks) in a bull market phase, the current stock price has been higher than that 250 days Jiancang investors, the average cost, the vast part of the funds in a profitable, indicating Quotes to many years of line at this time can be used as a signal to buy or holdings; if the years to keep down trend line, and the stock (or stock) in the year below the line, indicating broad market (or individual stocks), Office of In the bear phase, most of the money market, quilt, then at this time meant that the majority of investors bearish market outlook, inside a small loss-win. Therefore, the annual market known as the line was again CBBC lines.
From this we can see that line for years, long-term investment more important guiding significance. Among every bull market to adjust lines to reach year stopped, every time a bear market rally into the year-line Service disruptions were common occurrences. For small investors, the years of guiding significance to the operation line is that if the lines have been up year, we should wait for an opportunity to intervene and insist on holding; if lines have been down years, you should avoid short positions, or appropriate rebound lighten up; while the year-line, if maintained go flat posture, can be combined with the prevailing market environment in the years near the line for short-term opportunities.
In fact, in addition to determine CBBC, the annual lines in different circumstances, there are many specific applications, for a larger increases have occurred early after the significant drop in stocks peaked, once the effective annual line below to prove that to adjust the pattern has been formed; right to run the year below the stocks for a rebound to a new year if the line near the drop is very likely meet resistance.
Some years, is running above the line of stocks the way, If there is short-term pullback, line at the year tend to be supported by a high probability of subsequent rebound. Guidance in the application of years of line operation, investors should be noted that the annual target line as long-term investments are the advantages of high accuracy, but also the shortcomings of slow response, it should also be combined with other indicators of a higher sensitivity at the same time to study them.
Year Line (250 days average) is mainly used to determine the broad market and individual stocks a big trend, if the index (or stock) in the year above the line, and the years to keep up-trend line, indicating broad market (or stocks) in a bull market phase, this when buying or holding the signal; if the years to keep down trend line, and the stock (or stock) in the year below the line, indicating broad market (or stocks) in a bear market phase, this time to buy a small loss-win. Therefore, the annual line, also known as CBBC lines, individual stocks are "cattle" or are "Bear", a contrast with this line, like candid mirror-like particularly efficacious. In fact, the annual lines in different circumstances, there are many special applications, summed up is: escape lines, power lines, and life-saving line.
1, lock-person escape lines. Has emerged one of the larger increases in early peak after the fall of the Zhuang Gu, once below the year-line was confirmed to adjust the pattern formed, afternoon adjust the time and space are difficult to predict, hold-up should make a prompt decision in years as a stop-loss line line, as soon as possible for their lives. At this point, the annual line of play "escape line" role. For example, last July 30 years of broad market fell below line, a large number of stocks in the previous break even after years of line, form a bearish pattern and finally blew out. Recently a group has fallen below a year old Zhuanggu line, the signal sent fleeing for their lives.
2, the high-voltage rebound. Operation in the year below the stocks, if the rebound to a new year line in the vicinity, it would meet strong resistance, meet resistance drop is considerable, and therefore once the stock price close to the annual lines in the vicinity are advised to lighten up is appropriate, try not to touching the root "high-tension line."
3, down the way of life-saving line of some of the lines running on top of years of individual stocks, on the way If there is short-term pullback, are often obtained at the year-line support, followed by a very high probability of a rebound, it could take years, called the fall line on the way The "Help Line", in this line near the hold-up can properly cover their short positions, short positions can venture into rebound.
To grasp the line of good years, then we must first understand the mechanism of year-line operation. We have already talked about earlier years, the share price line is the average cost of running the year range. For the individual stocks are concerned, if within a year, the year the Unit has always been near the line movement, not far from this area, then the line often represents the year in which the cost of the main positions, when at the end of warehouse building is completed, the first wave of the pulled Quotes also subsequently launched its breakthrough is often the option year line.
From experience, the bottom line of the year to run for a longer time individual stocks, shares the breakthrough year for line up is bound to wave to confirm year after a breakthrough line of effective correction, if the stock after this wave of correction, the stock price correction the end result remains the year online side (mostly just hit a year-line), then the unit will soon usher in a wave of fast away from the main l-year-line Quotes. On the contrary, when the stock started its rapid decline from the peak, especially in the slump years of being hit lines, most of the stocks in that location stabilized, and launched a strong rebound, because at this time of year-line regions is the main force over the past year the cost of the regional , the main force would most likely strive to support the market, and may take this as an opportunity for Xi Pan. However, the stock rebounded after the decline, if not changed and once again line breakdown year, and after several years of confirmation can not return to the line side, so long I am afraid we must adjust Quote this started. From this point of view, when investors confirmed that only the bottom of the consolidation of a longer term stocks will line up when you can be the breakthrough year for short-term intervention, while the midline investors should choose to confirm the callback after Jiancang. Callback in the stock price, the short-term share price for speculators in the first line when the rebound hit the year, while the middle line of investors should consider the individual stocks, as the fate of years. Therefore, lines that can be used as annual short-term investors bargain-hunting magic weapon, but also become a long-term investors an important weapon to determine price trends.
Moving average line is an important tool for analysis of the stock market is one of a different length of time by taking the corresponding time period can reflect the situation. A long-term trends in the analysis, the annual line (typically MA250), six lines (usually MA120) who judged the most market attention, in which year the long-term trend line in the tape is known as CBBC boundaries. Based on previous run, the annual long-term trend line in the broader market has an important direction in effect, we combine the Shanghai Composite since 1990, the day K-line diagram (Figure 1), for the next line in the concrete application of actual combat skills (individual stocks, when the use of may refer to the law).
Year-line has always been regarded as the dividing line CBBC. In the years of online party run and the bottom line of the year to run, the market is fundamentally different from the pattern. Throughout the development of China's stock market history, can be very clearly divided into four stages: â‘?in the first half of 1993 prior to the year on the basic line side line runs below the year-line time is very short, the bull market patterns significantly; â‘?1993 Nian June -1996 years, in May between the three-year period as long as China, Japan and the bottom line of the basic line of the year to run, adjust the pattern evident; â‘?1996 Nian 5 Yue -2001 6 months 5 years, Japan and the basic line of the year online party running bull market still makes interesting reading; â‘?2001 Nian 6 Yue 2245-point peak, the broader market into a nosedive into the avalanche, a year after the fall line has been adjusted to now, not really bottom. From this perspective, the year the line on the top line or below the importance of self-evident to investors to decide the broader market is a cow or a bear in the market.
Transverse-year run, the index usually up to one year sideways. History, stock indexes around the repeated line of a period of years, there are two: the first one in the second half year of 1994 began to go flat-line results in 1995 to run sideways tape of one year; second half of 1998-year line has to go ping, there is second half of 1998 to 1999, 5 �19 Quotes for almost a year prior to finishing. Lateral line running the year when the annual index of fluctuations in line is often the axis fluctuated marginally.
Year-line response to the ebb and flow of the index is very slow and easy does not appear Guaitou, while the event of a turning point, the market's long-term trend will have far-reaching implications, but the years of short-term trend line and the market less the correlation between . Years, the formation of a certain angle line up or down run-time, the index followed by a longer period of time a large level of market, years, the trend line itself, as well as on the relationship between lines and years of basic on-line determined the nature of the market at some stage.
In the Shanghai stock market history, stock indexes and effective stand above the line years, often produce a big move.
But the years of transition lines are generally not a point but a region, and the upward trend appears significantly in the period before the turn of hovering over years of a downward trend line before the wandering period of transition. This is because to go through the full change hands, the chip flows to a particular investor, long-short roles of the conversion, a cow (Bear) city can start. Prior bull market index at a relatively low volume is too small, in order to fully change hands, often take a longer time to shock, so up and down repeatedly during this period index, trend is unknown, so lines are often long years of wandering; while the late bull market turnover large, short-term long-short translocation can be realized within a broader market reversed quickly, the annual line course Tingbu Zhu. This shows that the market often takes a long finishing period, in order to usher in a new bull market. Benchmark Shanghai Composite Index was started in June 1996, the annual line was run up to declare the bull market was launched, followed by a strong broader market rose a year-long; in June 1999 after the line started up years, followed even in the face a few months to adjust, but not change after mid-May 1999 to form the big bull market, the index was actually Zhang Sheng two years. The stock fell below year-line tend to have a crash, such as the July 1993 Hu Zhi-year line below, although the trial was repeated last years line, but only after the Fanchou Powei the broader market has dropped by more than 900 points, 325 points was stabilized; July 27, 2001 tape of years below 2067 points, lines, in August 2001 after years of line was turned down, marking tape into a major adjustment, until today, not to adjust the signs of ending.
After the formation of the trend, the annual line is very strong support or pressure position. Launched in May 1997 after a wave of restructuring, to September 1997 will be entitled to annual line support; in July 1999 began to adjust, at the end of 1999 had just touched down on the launching of years, supported by strong offensive line; in the main Shenglang The end of the Shanghai Composite to Xiangxingzhengli, late in February 2001 fell to an annual line of office to be supported, followed by a final wave of the more reluctantly climb Quotes. In line turned down years later, it became the most important pressure on the file bit, 2002 6 �24 Quotes in the 1748-line high-point is suppressed by the premature end by the year 2003, 1311-point rally in the hit 1649 launched high point, although the lines have been around five years on five under, but ultimately hampered by the shackles of returning empty-handed option year line of downward adjustment.
As the years have so much power line, in turn, when the line is not formed, we can not assert broad market has formed a new trend. However, more years of delay lines, the starting point of a wave Quotes from the year in the more distant line will be officially launched, which makes the analysis may have large errors. Therefore, can sometimes be a combination of half-line MA120 to study them, and half of the line is basically the same as the main use of skills-year line, but not as good as the long-term stability of the Year with the line, line and half years, the golden cross and death-line cross has become a judged that the long-term broad market and individual stocks an important basis for bears and bulls alike. Adjusted from the 2245-point benchmark Shanghai Composite Index since, the annual line and half-line has been a strong rebound in the resistance, rebound several times in the years of delay line and the half-line spaces (Figure 2). In January 2002 after the upside to 1339 points, 1693 points, stabilized after the tape had to build a triple top, that is, six lines are subject to the constraints; 6 �24-year blowout subject line and following the broader market down Zhu Bo; 1311 points this year, after stabilizing upside hit 1529 high, followed by shock line in six months, although one go hit a 1649 high, but then was in position 5 on the five-year line under the alignment shows that the pressure of years of very heavy, followed by reintegration broader market decline, indicating out-year line, six lines in a bear market has a unique strong resistance on the file.
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