Category: Money tips Release Date: 2007-03-01
Market participants often say, "What the stock market can be deceiving, only volume is real," can be said that the size of the volume directly shows the long-short market, at some point both the technical form of the final level of acceptance. Gann 12 of Article VII of trading rules is to observe the volume, pointing out that study was designed to help determine the trend changes, so the market there is "quantity is the price in advance, the amount of foresight days after the see astronomical, to the amount of premium, after there is" inč¯? Nor can the role of trading volume, however simplistic, absolute, because the domestic stock market there is a lot of right knock behavior, turnover can also be deceiving to some extent, it still has a concrete analysis of actual conditions. Although the amount of price first, but it does not mean that volume is everything, in the price, volume, time and space the four elements, the price is the most basic starting point, leaving the price and other factors has become a river without water, forest without trees. Volume can be judged with the price, but never will decide the price changes, this point should have a clear understanding, do not be fooled by false claims.
So what is the volume of it? Volume is a performance of supply and demand, when the stock is in short supply, the crowds surging, we must buy volume of natural amplification; On the contrary, the stock oversupply, the market deserted no one to buy gas scarce volume is bound to shrink. But will the crowd be numerical, that is, volume. A broad sense, including Chengjiaogushu volume, trading volume, turnover; the narrow sense is the most commonly used to refer only Chengjiaogushu. As long as the stock traded every day, there will be more or less volume. Generally speaking, break up neckline bit, strong pressure takes place heavy volume attack, which should increase with the volume; but down Po Wei Shi Que no volume or downstream co-ordination of immeasurable fall down every day, until once again a big bang, shows out of new capital into the market rebound, or bargain-hunting so far. Rising values increase in volume, a fall in price as volume and price with the amount of shrinkage, otherwise do not meet the volume and price.
Chengjiaogushuo VOL, this is the most common indicators, is also common to talk about the turnover referred to, it is very suitable for turnover of individual stocks do vertical comparison, that is, stocks historically observed the relative Suliang heavy volume. The biggest drawback is that ignores the difference between the size of individual stock liquidity is difficult to accurately represent the extent of active transactions is not easy to do horizontal comparison of different stocks, is not conducive to grasp the main access level. Of course, when judged on individual stocks, the most commonly used or Chengjiaogushu.
Turnover AMOUNT, directly reflect the amount of money in the market the amount of tape used in the analysis, because it excludes the broader market stock price of various different levels of interference, by turnover volume judged to have the tape longitudinal comparability. Commonly referred to as the turnover of the two cities tape refers to the number of 100 million turnover. For the analysis of individual stocks is concerned, if the stock price can vary widely, with Chengjiaogushu or turnover of funds would be difficult to reflect the banker out of the situation, but with the volume of transactions is more clear. Such as the drawings of the Shanghai Pudong Development Bank (600001) in the first half of 2003, five months to build a head when making Chengjiaogushuo VOL point of view, high heavy volume is not obvious, the main seems to be no signs of shipping, but come with the turnover AMOUNT see, we have already had a high contribution, the main shipping process.
Turnover TUN, the daily turnover / circulation of capital stock can be used as plug-in is fixed at the use of indicators, more objective, is conducive to horizontal comparison, can accurately grasp the level of activity in individual stocks and the main dynamic. Turnover can help us track the level of activity in individual stocks, find the "heavy volume" and "Su Liang," objective criteria to judge the state trend, especially in the purchase and pulled up the main stage, estimate the amount of the main controllers of chips. Of course, most of the analysis software does not provide turnover rate trend chart, only the day of the turnover value, so when the use of turnover needs to find a good software Caixing. Generally speaking, Japanese turnover "3% when deserted, a situation is that the unit belongs to the retail market, another case is already highly Kong Pan, Zhuanggu shock at a high level when the volume is often a substantial shrinkage of the low turnover . Day turnover "of 3% and the" 7% when active, that there is devoted to active. On turnover "7% for the warm chips rapidly changing hands, such as occurred at a high level, especially after the high Suliang sideways there, most likely the main shipment; when it occurs in low, especially in a strong resistance to break through the first zone, it may be the main force in a positive purchase.
Can also be used in both the amount of actual line (moving average of the amount of lines) on the VOL, AMOUNT, TUN to support judgments, and can be set up three parameters, namely, average daily volume of 5 lines, 10 lines and 20-day average daily volume of traffic lines. Because both the amount of line reflects the main trends in market turnover period of time, with the usual moving average line on the same principle, can be used golden cross and death cross and so on average the theory to study them.
