(This article is compiled by the official account Yuesheng Investment Consulting (yslcw927), for reference only and does not constitute operational advice. If you operate by yourself, pay attention to position control and risk at your own risk.)
Stock investment is not only a science, but also an art. Only investors who truly devote themselves to the stock market can understand the meaning. The key to success of stock market investment lies in whether investors have an effective set of analysis and operation methods. Short-term tactics are a very important part, and market analysis technology is the key to the implementation of short-term tactics.
Basic definition of trading
1. "Trading" is a common name for watching the market and observing trading trends during stock market trading.
2. For a professional investor, the ability to interpret the trading information language in the trading language marks the level of the market viewing, which will directly affect its operational effect. The correct cracking of the market information will enable us to analyze the strength and weakness of the long and short sides through the intraday stock index trend and individual stock trend characteristics, thereby grasping the rhythm and rhythm of stock speculation. This is also a key to the victory of investment profit, especially the investment mechanism. In order to better grasp the direction of stock price , we must learn to understand the intraday trend, understand the language of the market information, and make comprehensive judgments based on various tracking factors.
3. The most important part of the trading information refers to the information displayed on the time-sharing chart of the stock price or stock index. It outlines the complete daily trading process of stock prices. It can clearly reflect the trading price and transaction quantity of investors on that day, and reflect the investors' willingness to buy and sell.
4. The trading information mainly includes: time-sharing trend chart, entrusted trading table, each transaction volume, price and volume transaction details chart, large transactions, external transactions, internal transactions, total transactions, daily average price line, etc. Of course, it also includes the maximum trading volume price area of the day, the highest and lowest price, the opening and closing price, etc. The above handicap information constitutes a comprehensive handicap information language.
Important trading moments
1. The critical moment that determines the future market 9: 30
Generally speaking, the opening price plays a key role in the future market development.
can be divided into three types: high opening, low opening and flat opening. Although the opening price cannot be used as the only basis for judging the stock price trend, it can be used as a reference, especially some special opening prices can often predict the trend of the day. The so-called high opening refers to the price of the first matched transaction on the day higher than the closing price of the on the previous trading day. It generally means that the market has expectations for the future trend of the stock, which is a long-term opening of the stocks in . The flat opening refers to the opening price of the stock in the previous trading day. It indicates that the strength of the optimistic and bearish stock is the same, and the market is in a relatively balanced state; the low opening refers to the first trading price of the opening transaction is lower than the closing price of the previous trading day. It generally indicates that the market has no confidence in the stock and is looking at the future market. For most stocks, opening low or high is the norm. Investors need to judge the next trend based on the amplitude of the low or high opening and other factors.
In actual combat, investors are advised to grasp it from the following three aspects:
1) Check the quota immediately after the opening and analyze the long and short direction of the market . Generally speaking, if the opening term ratio is 200%, the buying momentum is very strong and investors can intervene in the short term; otherwise, it means that the short seller is very strong. Short selling on the same day is more favorable. Sell the shares you hold immediately and make up for when the price is low in the future.
2) Check the number of single transactions and judge the nature of active trading. If a large order enters and a small order exits, it represents the main force buying and appears repeatedly, indicating that the main force can take over the market, and it can boldly take over at a low price; otherwise, the stocks you hold should be sold in a timely manner.
3) track individual stocks with daily limit, pay close attention to changes in price and volume, judge the overall market power comparison, pay close attention to stocks with daily limit, and observe whether the main force is "fighting long" and "short short".
2. The main force raises the stock price and prepares for shipment. 10: 00
Generally speaking, 10: 00 is the first choice for most stock shipment times. Short-term highs often appear around 10: 00.If the stock price rises steadily as the trading volume increases, be careful that the market makers can ship the goods at any time. At this time, you can use the 15-minute or 30-minute stock price chart to analyze the stock price trend based on trading volume and technical indicators. When the short-term indicator diverges, you should ship the goods decisively. This method has been proven in actual combat.
3. Pay attention to the abnormal movement of the end market 15:00
The abnormal movement of the end market is also a sharp rise and fall, which refers to the abnormal fluctuations that occur when stock trading is approaching the closing. Although the intraday surge and sudden decline and sudden movement in the late trading are the same, their technical connotations are completely different. Usually, abnormal movements in the late trading include pulling up the late market and smashing the late market.
1) The technical significance of the market pull-up at the end mainly includes the following four aspects.
①The closing price of the dealer. The closing price has important technical value. The main force often pulls up or suppresses the stock price at the end of the trading day, forming a specific closing price to achieve the purpose of cheating, and this method costs less.
②The trading volume rose at the end of the market, and at a low level it is a signal that the market is about to start.
③In a continuous decline, grabbing the market at the end of the market is a signal of a reversal of the market.
④The market rise at the end indicates that the dealer blocked the decline space for the next trading day.
2) The technical significance of the market crash in the late market mainly includes the following two aspects.
① The final stage of the dealer shipment, at this time the main shipment is basically completed, and you can be eliminated regardless of the cost.
②Handler's wash-up behavior
Sample analysis of the main action of the market
In fact, investing in stocks is the same as the operation of war. When a stock undergoes a clear rise, fall, increase volume, abnormal fluctuation or abnormal stagnation on one day, the "enemy situation" will appear, and this is the best time to attack tactically. The following are several examples of the main moves found in the market that are easy to understand:
1, huge opening high
trading: In the early stage of stock price rising, if the stock price opens high and closes high on that day, it is the market makers who want to accelerate their efforts to attack to get out of the cost zone of building a position. If the volume is increased on the day (volume ratio is more than 3 times) attacks and the turnover rate is more than 5%, it means that the dealer invests huge amount of money to operate, and the stock price will enter the rapid rise trunk line, and there is huge room for upward.
2. Lower closing
Trading Notice: During the bottom position building stage, the market maker suddenly implements the trading method of lowering the closing, which may launch a move to suppress and lure short positions the next day. Therefore, you need to pay attention to the changes in the stock price the next day. If the stock price is suppressed to an important support level and there is a large order taking over, it means that the stock price is about to bottom out. The market maker successfully lure short positions, indicating that the opportunity for mid-term position building is coming.
3, false rise
The stock price showed a fluctuation feature that continued to attack in the process of intraday pulling up. The real-time waveform formed by this fluctuation feature is called false rise wave. There are two forms of false upward waves. One is false upward waves in the early trading, and the other is false upward waves in the intraday process. Both are the offensive results caused by the dealer raising the stock price through continuous pairs and during the intraday pull-up process.
false upward wave is not the result of the market maker's continuous investment, but the result of the market maker's continuous investment in funds, but the result of the market maker's continuous improvement in stock prices through countermeasures. It is reflected in the market, which is the lack of effective cooperation in trading volume during the pull-up process. Therefore, this is also an important feature for judging whether the stock price is falsely rising.
In actual combat, when the fake upward waveform appears at the end of the stock price increase stage, it means that the dealer suppresses shipments during the session and the stock price has peaked; when the fake upward waveform appears in the middle and late stages of the stock price consolidation stage, it means that the dealer raises shipments through the fake upward wave, and the future market will continue to fall sharply; when the fake upward waveform appears in the middle and middle stage of the stock price decline stage, it means that the dealer false upward shipments through a technical rebound, and the future market will continue to fall sharply.
Three common trading abnormalities analysis
1. Burst big pay order
The transaction volume of each big pay order must be used with larger funds. Such a capital volume is often not something that ordinary traders can own, and it is not necessarily something that big investors can own. When you see a large order transaction, the trader can calculate the transaction volume of the large order to see if this amount is affordable by an ordinary trader or a large player. If not, then most of them are the reflection of the main force's movements.Generally speaking, the turnover rate of each large order should be at least one thousandth. Generally speaking, large buy orders will appear in four situations, namely, counter-hit pull-up, interest transfer or position change, retail investors rush buying and institutional buying.
1. Cross-tap
When the main force raises the stock price, if the main force sells less or the main force does not want more chips, it will make a big deal. However, in order to prevent the price from falling after the cross-tap rush, the main force will often place a big pay order in the quotation column again. In addition, there are many big sell orders in the selling orders, but they are eaten one by one. Of course, there are some intervals in the middle, so as to give followers time to intervene.
2. Interest transfer or change of positions
The purpose of interest transfer is to give benefits to a certain party at one time, and the stock price will generally fall rapidly afterwards. For positions change, the emergence of large buy orders may also be that the main force is exchanging chips, because retail investors dare not ask for large sell orders, but institutions or funds may take over secretly, and the main force may also use several related accounts to perform necessary position exchange operations.
3. Retail investors rush to buy
When the market is optimistic, some stocks that make up for the rise may be rushing to buy by retail investors or institutions, and everyone will buy together. When the exchange server cannot react or the transaction number is delayed transmission, a "big pay order" will occur.
4. Institutions buy
When institutions or fund companies are optimistic about individual stocks, they often intervene strategically. The usual situation is to eat up several selling orders at one time. After a while, the market selling orders will surge out when the stock price falls, so the institution repeats the above actions. Generally speaking, these buying is proactive and will not appear in the quotation area of the buying order. It is a sudden action and will not prompt the stock price to continue to rise. There is another characteristic of institutional buying stocks: since it is not the main dealer, but is just a short-term position building process, the stock price usually falls after the end of this process (0.5-5 days).
When it is determined that it is an institution or fund company buying stocks, traders should not rush to follow up, because they still have no moves to pull up. Traders or mid-term traders with large amounts of funds can follow up simultaneously to avoid the cost of entering later. If a short-term trader holds this stock, he can sell it first at this time and wait until the stock price falls before buying. The following figure shows the trading situation between 10:02 and 10:03 in the morning. There were tens of thousands of large orders suddenly buying continuously, which instantly pushed the stock price up. Buy up to 52% of large orders and sell up to 41%. Obviously, there are both main players who absorb funds and retail investors who increase their positions.
2. Sudden big sell orders
Sometimes some stocks fell sharply and the trading volume was significantly increased. The rare big sell orders kept appearing, but they often couldn't figure out what the reason was. At this time, if the holder takes action in a hurry, a mistake may occur; if the holder hesitates and fails to take action, a loss may occur again. It can be seen that judging big sell orders is also a very important trading link. Generally speaking, big sell orders appear in four situations, namely, counter-detection wash-up, retail investors rush to sell, main players reduce positions or large investors escape, and chips change or change positions.
1. The main force of the counter-drag washing
allows floating chips to be sold out through the washing tray, either taking over by itself, or taking over by new investors. The continuous entry of new investors will help increase the trading costs of the stock and keep the stock price stable in the process of continuous upward movement. Since investors enter the market later, the less profits they make, they are often unwilling to get out soon. Therefore, when the main force pulls up, the seller will become less, and the pressure from the main force to push up will be reduced.
The market expression of washing the market is quite complicated, such as the market has an incredible huge sell order that intimidates retail investors; or eats the big buy orders of the market, but don’t even touch other small buy orders; or smash a buy order and stop breathing, instead of swallowing several buy orders in one breath; or the buy order shows a layer of large buy orders, and there are only sporadic small orders on the sell orders, but suddenly there are big sell orders in the trading session and then the buy orders quickly sweep the accumulated sell orders above, etc.
2. Retail investors rush to sell
When the market is very bad, especially when a certain sector leads the decline, there will be retail investors or large investors rush to sell, and everyone will sell together. When the exchange server cannot react or the transaction data is delayed transmission, a "big sell order" will occur (it is often meaningless to see the number of transactions). But such a situation often depends on the "face" of the market or sector. When the market or sector performs well, this situation will not occur. This is a main method to identify it.
3. Main force reduces positions or large investors escape
The market characteristics of the main force when reducing positions are: there is no large selling orders above, but once there is a large buying order below, it will sell orders and smash the order; or the sell orders appear layer by layer, and there are only sporadic small orders on the buy order. Suddenly, a small order appears during the trading session and continues to eat the sell orders above, but then there will be a large selling order quickly smashing the accumulated buy orders below. This is a typical strategy of playing hard to get. In addition, if the selling pressure at the end of the market is not high, the main force will often pull up the closing price, which is also an important identification feature.
When the main force is out, there is usually a clear operation plan. For medium and long-term main players, the deadline for their stock price operation is often when the expected performance of individual stocks is realized, the restructuring is successful, the theme begins to overdraft, or the 100%-500% increase reaches. If this situation does not occur, as long as the main force's capital chain is continuous and as long as the market is not extremely bad, the main force will often not ship all, and there will be no environment and opportunity for all shipments. The main force may sell high and buy low in swing trading, or reduce positions in advance due to unexpected reasons, but this is not a sign that the main force will escape unscathed. Reducing positions is part of the shipment, and there is often a higher shipping space later. Disposal is a crazy selling after several reductions. There is an essential difference between the two.
4. Chip change or position change
When the main force transfers part of the chips in his hand to another trader, or changes positions in several internal accounts, a big sell order will occur. Its characteristics are: a relatively low-price price continuously shows a trading volume similar to a reverse trading volume, and the closing price will usually be raised at the end of the market. Sometimes this phenomenon is also manifested as a transfer of interests. In essence, it is selling low-priced chips to another familiar trader, which is a type of insider trading.
In addition, the appearance of big sell orders may also be a non-main force's large order escape behavior. Generally speaking, the escape of large orders does not necessarily mean that there is a problem with the listed company. It may be that the fund has to sell some chips in order to deal with redemption and other reasons, or it may be that a large investor urgently needs capital turnover and has to close the position. If this is the case, medium and long-term investors should hold their shares and continue to buy what they want. Only when the fundamentals of listed companies or market trends undergo fundamental changes will the issue of selling stocks be considered. The trading situation of the stock before the closing of the market is shown below. At 14:59, a 11,759 big sell order was sold, with a large sell order of up to 55%, and a 42% buying order. Obviously, both retail investors fled and main players reduced their positions.
3. Pulse market
Pulse market is a market where the index rises rapidly by continuously pulling the positive line without any news. The expression on the index K-line of the pulsed market is like a human electrocardiogram, which produces pulsed radio waves displayed on a beating electrocardiogram monitor. The occurrence of the market is unexpectedly sudden, and disappears without a trace in an instant! This is a common phenomenon in the stock market. Short-term investors who like to chase highs need to understand their intentions. There are several obvious characteristics when the pulse-type market appears:
1, breaks out when major good news is announced. If it is an outbreak without news, it must be that a certain stock will continuously hit the daily limit by hitting the daily limit, and then the target stock sector will follow the trend, and finally lead the overall market outbreak.
2. The index has no hesitation to rise. The index has been continuously rising. The daily K-line usually closes with a medium or large positive line.
3. The market comes and goes quickly. Once the leading stocks that launch the market peak, the market will also peak immediately.
4. The continuous rise and rise time is generally between 5-10 trading days. The short-term market index usually increases between 5% and 10%. See the picture below.
has three reasons for the pulsed market:
1. Retail investors grab goods
sometimes it is not necessarily the main force that begins to raise the stock price. It may be that the funds are too rushed to intervene or the hot money grabs the market, which makes retail investors think that the main force has begun to rise, which leads to collective follow-up. This situation often occurs when sectors follow-up. If the sector rises without sustainability, sell decisively.
2. Fighting
When individual stocks are at a high level, in order to attract followers or reduce positions, the main force will also create a pulse market, using this market to promote the exchange of floating chips, thereby increasing the holding cost or the main force will directly sell some chips. Investors should be highly vigilant about this situation.
3. Test
. Before pulling up the stock price, the main force needs to test how much selling pressure is above to prepare for the timing and funds for pulling up, so the test move will occur. After the counter-test test action is completed, the stock price will naturally fall, and a pulsed market will appear. It should be noted here that the main force is often not afraid of the large number of sellers, so this move may also be to raise foodies. This situation generally occurs in the medium and low price range of individual stocks. Once you find that you can continue to hold or follow up, the identification technique is to pay more attention to individual stocks that often have long upper and lower shadows at the bottom or middle. These are often clues left by the main force after the trial.
How to identify the common handicap tricks used by the main force?
In the process of the main force taking the lead, they often use the [skills] of putting orders on the market to lure retail investors to make wrong buying and selling decisions. For example, the main force deliberately placed big sell orders in the five selling levels, which made investors mistakenly think that the selling pressure was heavy, and thus sold them one after another. But its real purpose is to create false selling pressure and thus secretly absorb goods. For retail investors, only by identifying these handicap tricks can they know the true purpose of the main force and follow the main force smoothly.
1. The scam of daily limit
The daily limit is often a very gratifying thing, and the main force often uses this to set up scams. After the main force pulled the stock price to the daily limit, it then closed hundreds of thousands of buy orders at the daily limit price. Since the purchase orders were not blocked, it attracted the intervention of short-term follower . As the following trends increased, the main force would quietly withdraw its own buy orders and secretly shipped goods at the daily limit.
When the following bids gradually decrease, the main force blocked hundreds of thousands of purchase orders, attracting the following bids to come in and chase the rise again, then withdraw the orders and quietly shipped the goods. Therefore, when a huge amount of daily limit is seen on the market, it is very likely that the main force is shipping.
The main force uses the limit down to ship the goods:
Sometimes when the market opens in the morning, some stocks open at the limit down to knock out all the orders of call bidding. Many people will buy at the bottom as soon as they see it, but if the main force is not shipped, the stock price will recover immediately. If you can still purchase goods calmly at the limit down, it proves that the main force uses the limit down to ship.
Figure 9-1 Example of daily limit fraud
Chinese media (600373) hit the daily limit on May 16, 2008. The stock price closed the daily limit as soon as the market opened, and then opened the daily limit, and finally closed the daily limit again. By bringing up the daily K-line chart corresponding to that day, you can see that the stock price was in the high area that day. The stock price hit a new high of 9.79 yuan on the second day, and then the stock price began to weaken and entered a downward market. In fact, the daily limit on March 16 is a scam for the main force. The main force uses the daily limit to attract more followers to enter, but he is quietly shipping, so the stock price will fall in the future.
2, the fraud of the handicap commission order
The main force likes to use the commission to sell the commission to perform. Why do you say so? Because when the orders of the Commission, especially those of buying three, four or five, are all three-digit large orders, and those of selling orders of the Commission, especially those of selling three, four or five, are all two-digit small orders, most people think that the main force is going to raise the stock price, so they enter the market to chase the rise. In fact, this is the main force’s reverse thinking. The main force’s real purpose is to ship, and they deliberately lure retail investors to come and buy goods.
Figure 9-2 Example of the market order
From the market situation of Zhongchuangxin Test (600485) on August 12, 2011, it can be seen that buying third, buying fourth and buying fifth levels are all three-digit buying quantities, while selling third, fourth and five positions in the selling order have only two-digit selling quantities. Judging from this situation, it is likely to be a commission order scam set up by the main force, which lures retail investors into the market to chase the rise, and its real purpose is to ship.
3, the fraud of abnormal trading
The abnormal trading tide is some phenomena that are different from the usual trends in the trading volume of the time-sharing chart, such as sudden pull-up, large buy orders, large sell orders, large stake orders, large stake orders, large press orders, etc., all of which are abnormal trading tide.
So what is the scam of abnormal trading? Some stocks were originally going very steadily, but suddenly a large order lowered the stock price by 5%, but the stock price soon recovered. At this time, retail investors who bought at a low price thought they had picked up a big advantage, while retail investors who did not buy also thought it was a cheap price worth picking, so they actively put on the orders at the low price just now, waiting for the next opportunity to come. Then the main force smashed the stock price again, and this time it smashed it even lower, knocking out all lower buying orders. At this time, everyone was very happy. Retail investors were happy to find a bargain, while the main force was happy to spend a large number of chips.
In fact, at this time, the real purpose of the main force is to ship, and the retail investors distributed the chips without knowing it, while the retail investors thought they had picked up a "golden doll".
Figure 9-3 Examples of abnormal trading fraud
From the time-sharing chart of East China Computer (600850) on March 1, 2011, it can be seen that the stock price has been stable after opening on that day. At around 10:30, the stock price began to fall suddenly, as if it was hit hard, but soon the stock price was pulled back to its original price. The stock price continued to remain in its original position until the market was closed at noon. After the opening in the afternoon, the stock price fell again. At this time, retail investors who did not buy it in the early stage were actively buying. In fact, this is the main force quietly distributing chips.
then draws out the daily K-line chart of the day. From this, it can be seen that the day closed at a mid-yin line. The stock price fell and opened low on the second day. Then the stock price began a decline, and investors who bought were trapped.
4. The scam that the market was rising at the end of the market
The main force used several large orders to increase the volume in a few minutes before the market close, deliberately raising the closing price. This phenomenon is most common on Friday. The main force makes the graph well and deceives investors into thinking that the main force is about to rise. If the market opens on Monday, these retail investors will boldly follow up. The main force of this type of trading technique is generally weak and has insufficient funds. He only dares to fight guerrilla warfare and does not dare to attack head-on. The market rose at the end, leaving retail investors without even time to enter the order.
Figure 9-4 Examples of scams in the market for pulling up at the end
Huafang Textile (600273) on the time-sharing chart and K-line situation on March 25, 2011 (Friday). First, from the time-sharing chart of the day, we can see that the stock price is in a volatile downward trend throughout the day. Before the closing, the stock price suddenly increased, and the trading volume also increased. Let’s take a look at the corresponding daily K-line chart of that day. You can see that a small negative line closed on March 25th. On the second trading day, the stock price continued to rise and hit a new high when the market opened on Monday. Seeing this situation, retail investors would boldly follow up, thinking that the main force would raise the stock price, but on the contrary, the stock price began to fall on Tuesday, and then came a long-term decline. In fact, the real purpose of the main force here is to ship, not to raise the stock price.
5. The trick of consolidating at high levels to make huge breakthroughs
The consolidation at high levels to make huge volumes refer to the sudden release of huge trading volume after the stock price consolidation at high levels for a period of time. Generally speaking, huge amount refers to a turnover rate of more than 10%. It is obvious that the huge amount of breakthrough here is a fake breakthrough, which is a scam designed by the main force. Because since it is already at a high level and the main force has made a lot of profits at this time, why is there a huge amount when breaking through? Where does this amount come from? It is obvious that the huge amount here is a short-term follow-up trend and the main force pulls and sends together to deal with it. The main force uses the large volume to attack to deceive investors.
Figure 9-5 Examples of high-level consolidation and huge volume fraud
National Oil Corporation (600583) entered the high-level consolidation stage in mid-February 2011. During this stage, the stock price never rose or fell, and was in a consolidation trend. At this time, retail investors had learned from the past, but mistakenly thought that the consolidation was the main force washing the market. After nearly a month of consolidation, the stock price opened high on March 9, 2011 and closed a large positive line. The trading volume on that day released a huge volume. Retail investors mistakenly thought that the main force began to raise the stock price, so they bought it quickly. But in fact, the huge volume at this time was a false breakthrough, which was a scam set by the main force for shipment, and then the stock price entered a downward trend.
If you like the above article and want to know more about stock market investment experience and skills, follow the official account Yuesheng Investment Consulting (yslcw927), there is a lot of practical information!
Statement: This content is provided by Yuesheng Investment Consulting, which does not mean that the Investment Express recognizes its investment views
