Chapter 16
(4) The market maker has always placed a huge sell order on the selling position, which shows that the selling pressure seems to be heavy, but the stock price does not drop significantly. From the transaction details, it is rare to see large direct sales transactions (internal transactions) , showing that there are not many bargaining chips to take the initiative to smash the market, and the intraday transactions are very active.At this time, there is a problem. It is impossible for retail investors to place large sales orders, and the sales orders placed by market makers just appear on the market and refuse to take the initiative to sell them. The stock price does not fall. This is often a manifestation of ulterior motives. In this case, if the cumulative increase of this stock at the bottom is not large, it is likely to be a precursor to a pull-up.The practice of placing a large amount of sell orders in the market is just a feint. Investors who find such stocks in the market must carefully observe the changes in the order. If the pen pressure order is suddenly withdrawn, it is a good time for short-term intervention.

As shown in the figure below, 600301 minutes before the market close on August 2009, 8, the dealer of 14 reversed the weak trend of the day and went up with heavy volume, raising the stock price vertically by about 10%. It can eat up all the selling orders of retail investors, so as to easily achieve the purpose of pulling up, and can effectively save the cost of the dealer.However, in the end of the market, the pull-up generally has display elements, and the purpose is mostly to attract the attention of retail investors and follow suit.This kind of handicap phenomenon should be vigilant.

The 69th move to grasp the characteristics of the pull-up index
Indicator characteristics when pulling up:

(1) Moving average.In the process of pulling up, the moving averages are arranged in a typical long position. The rising angle of the 5-day and 0-day moving averages is steep. It is the basic trend of big bull stocks to maintain the closing price above the 5-day moving average. The daily moving average will also get strong support at the l5-day moving average, and will soon return to above the 0-day moving average. The 5-day, 5-day, 10-day, and 30-day moving averages are arranged in a long-term manner, supporting the stock price to extend upward in a streamlined manner.The market at this stage is the most explosive main growth stage, with fast profits, attractive market and considerable growth, which is the goal that investors are diligently pursuing.

(2) Indicators. MACD, DMl, RSI, OBV, BRAR, CR, VR, PSY, KDJ, w%R and other major technical indicators are in an obvious strong zone, and some indicators even become passivated at high levels under the continuous sharp rise in stock prices. BIAS, 36 BIAS index value increases, the value of BIAS reached more than 6% on the 5th, 12% on the 0th, and more than 72% on the 25nd.

(3) Trading volume.Continue to expand steadily, showing the characteristics of increasing volume when rising and shrinking volume when falling, and the price and volume are well coordinated.

As shown in the figure below, in the bull market of 600188 in 2007, the 5-day, 10-day, 30-day, and 60-day moving averages were arranged in a long way to support the stock price to extend upwards. The stock price basically went up around the 5-day moving average. The ideal price-volume coordination is a typical main Shenglang market.

Move 70 Grasp the characteristics of the rising wave
In the wave theory, the pull-up stage mostly appears in the third or fifth wave of the rising wave.

The 3rd wave is an explosive upward wave, usually in the form of an extension.Its running time and rising range are also the longest among impulsive waves, and its rising range is l of the first wave. 1 times or 618 times.In the third wave, the trading volume increased greatly, and various charts at the bottom of the silence were broken through one after another, and rose in the form of gaps, and the lost confidence of the investing public was regained.The fundamentals of the stock market continue to be positive and popular, and external funds continue to join the stock market under the effect of making money and promote the rise of stock prices.

The fifth wave is a rising wave that continues to rise.Usually the strength is weak, and the increase is smaller than that of the third wave. If the first and third waves have already increased considerably, the fifth wave is likely to come out of a failure pattern, that is, its peak cannot exceed the top of the third wave.If the rise in the first and third waves is small, the fifth wave may also become the main rising wave, and its trend is the same as the third wave in the usual theory.Regardless of whether the 5th wave is the main rising wave, a failure wave or a general rising wave, the popularity reaches its peak, and optimism covers the entire market, and only a few prophets leave the market here.

第5浪通常与第1浪等长或上升目标是第l浪至第3浪升幅的0.618倍。若第5浪以倾斜三角形出现则后市会急转直下,快速下跌至倾斜三角形的起点;若第5浪高点达不到第3浪高点,则形成双头形态。

The 71st move to grasp the shape characteristics of the straight line

The technical form of the pull-up stage is relatively simple, and the common form is straight.

In the pull-up stage, there is often a straight-line pull-up, which can be seen on the daily K-line and time-sharing charts.On the daily K-line, after the banker enters the role of pulling up, it will appear in the shape of a big Yang line or "one" and "T" continuously, showing a straight-line rise on the daily K-line.In the time-sharing chart, the stock price rises in a straight line, with an angle greater than 60 degrees. Sometimes the stock price is near yesterday's closing price or even in a falling market, pulling the stock price to the limit position in one breath.These two trend patterns are often seen in a big bull market. When the news is calm, a certain stock can boldly follow up when this happens for the first time.

As shown in the figure below, 600562 was on the first day of the continuous daily limit market in April 2009. The stock price rose at an angle of almost 4° in the time-sharing trend chart. The daily limit, so it is an opportunity to boldly follow up when this happens for the first time in the stock price.

No. 72 Grasp the characteristics of the relationship between price and volume
The characteristics of the price-volume relationship during the pull-up are as follows:
(1) Price increases and volume increases.The stock price rises and the trading volume increases than usual, which is a positive performance of buying.Generally speaking, it reflects the high buying and selling sentiment of market investors, which is a typical rising market phenomenon.If the stock price shows an increase in price and volume in the early or middle period of the rising trend, it reflects that market makers and retail investors are chasing up and absorbing it, forming sufficient upward momentum, and indicating that there is a great chance for the market outlook to continue to rise.

In a rising trend, if there is an increase in price in late trading, it is a sign of bullish sentiment, also called late trading grabbing.If the 5-day deviation rate is less than +5, investors can boldly pursue the rise, and the next day will still go higher.Even if the deviation rate is greater than +5 on the 8th, this kind of market will open higher the next day, and there will be opportunities in the short term.

In the later stage of the rising market, if there is an increase in price in the late trading, and the market suddenly launches an offensive in the late trading, at this time, if the consolidation time is not less than the period of the rising process, and the adjustment depth does not break the 25-day moving average, the adjustment is over. The signs can enter the market.If the adjustment time is longer than the rising time, and the adjustment depth is too deep, this kind of rushing to the end is mostly the performance of the dealer's temptation to buy more, and the position should be cleared the next day. This trend is often accompanied by the top.

(2) Price increase and volume flat.The stock price has risen, but the trading volume is similar to that of the previous few days, reflecting that the banker's chips are locked in well, the upward pressure is light, and the market outlook is optimistic.If the phenomenon of flat price growth and volume is due to the daily limit and stockholders have no chance to buy goods, there should still be high levels the next day, and stockholders should not rush to clean up the goods.

If there is a flat price increment in late trading, this phenomenon has two situations for the development trend of the next day. If the moving average system is in the early stage of forming a long arrangement, the price increment is a phenomenon of reluctance to sell, which means that the buying orders are far greater than the selling orders. You can actively intervene. Once you lose the buying opportunity on the same day, you can intervene the next day, but it is not suitable to chase the rise.This is mainly due to the pull-up at the end of the day before yesterday, and under the condition that the trading volume cannot be effectively enlarged, there will be a trend of opening higher and rushing higher the next day before pulling back. Therefore, in this case, you can boldly intervene in the callback.If the moving average system forms the end of the long-term arrangement, that is, the weekly KDJ enters the overbought zone, especially when the J value exceeds 100, the price increment in the late trading is purely a climax of the rally, and scattered people are reluctant to sell. , It is not allowed to chase in, and there is no need to kill out. In this case, there will usually be a process of opening higher and rushing higher the next day, during which the chips in hand are distributed.In the midway of the upward trend, most of the late price increments are caused by index stocks, and the next day's trend will still be consolidated, and it is not suitable to enter or exit.

(3) Price rises and volume shrinks.The stock price rises but the trading volume fails to match the rise, but decreases instead, and the volume and price diverge. If this situation occurs at the end of the rising trend, it indicates that the follow-up energy will continue, and you should be cautious about holding shares.If the price increase and volume shrinkage are caused by the daily limit, the upward trend can still be delayed.

(4) The price fell and the volume was flat.The stock price fell while the trading volume was the same as usual, reflecting that there was no major change in the upward trend at that time, and it is expected to continue to operate along the original trend.In other words, in an upward trend, the price decline and volume balance only reflect that some retail investors sell goods for arbitrage, and the main large investors have not yet sold their stocks sharply, as long as the decline is not too deep.Its upward trend can continue.

(5) There was a sharp drop in late trading and a large volume.This kind of situation is called late trading diving. If this kind of situation occurs in the late trading when the increase is too large, that is, when the deviation rate is greater than +5 on the 8th, and there is a decline all the way throughout the day.You should resolutely leave the market, and avoid diluting operations and rushing to rebound. This kind of late trading will mostly open lower the next day, and may form a top.If the deviation rate on the 5th is less than +3, and the whole day's market rises strongly, the price and volume cooperate well, and there is a sharp drop only in the last quarter of an hour, it is often the dealer's late-market washing action, and it is not suitable to rush out, you should be patient The next day of holding shares will be determined to enter and exit, and the next day will still open high and go high if there is no negative condition.

In the middle of the rising market, the price fell and the volume increased in the late trading, so it is not easy to rush in rashly. Most of the next day's opening is flat and low.If this kind of market occurs at the 10-day moving average, or falls below the 10-day moving average, and the 30-day moving average is close to the 0-day moving average, the market of that day may be a turning point in the rising market, and investors can abandon stocks and wait and see .If the trend falls below the 0-day moving average or occurs at the 10-day moving average, but the 30-day moving average still rises at the original rising angle, at this time, investors may not be out and wait for the disk performance at the 30-day moving average to decide to buy again.

Move 73 Grasp the characteristics of lifting speed
The speed characteristics during lifting are as follows:
(1) The lifting speed is fast and explosive.In the initial stage of individual stocks, there is a trend of continuous short squeeze. At the same time, with the development of the market, the trading volume continues to increase.For this type of dealer, time is more important than money, and the nature of lightning strikes has been deeply ingrained. Continuous short squeezes are the best portrayal of this kind of operation.Therefore, the dealer's promotion is generally very fast, because after all, there are not many good opportunities suitable for promotion. The dealer must seize these opportunities in time and quickly raise the price, so as to fully achieve the effect of getting twice the result with half the effort.At the same time, the huge profit effect generated by the rapid increase can better play the role of temptation.

(2) The most important thing to pull up short-term dealers is to take advantage of the momentum.Taking advantage of the trend of the market rebound, the trend of the rising market, the trend of good news, and the trend of breakthroughs in the form, it is often done in one go.Duan Zhuang's method of raising the price is relatively simple, focusing on speed and ruthlessness, sometimes so fast that investors who want to chase in have to withdraw orders again and again to raise the price.Generally speaking, the pull-up of short Zhuangzi mostly occurs in the late market, because if it is pulled up prematurely, it is very likely to face the risk of selling pressure and smashing the market, and the pull-up in the late market can often catch investors by surprise. Those who buy can't buy, and those who want to sell are reluctant to sell.A few vicious market makers even sealed the stock price to the daily limit in large orders, so that investors can only look at the order and sigh.

(3) Pull up and down.While accumulating chips at the top, while constantly pulling up the stock price from the bottom, the stock price rises rapidly.The reverse is different from the reverse. The reverse may greatly increase the stock price, but the reverse may not increase the stock price. In addition, the nature of the reverse is more about the trading volume of the stock price, while the nature of the reverse is more important than the trading volume. rise.

(4) Once the individual stock market starts, its trend is relatively independent, and its rising speed is obviously faster than that of the market or the sector, and it mostly occurs when the market is relatively optimistic.Because, at this time, the market shows obvious bullish characteristics, which makes the rise of stock prices have a good market sentiment as a basis, and can make individual stocks go out of a trend that is obviously stronger than the market.It is rare to choose to launch an attack when the market is not clear, but if you find that individual stocks launch an offensive at this time, there are generally hidden corresponding themes or it may be that the dealer is pulling up and building positions, and the future space is extremely huge.

(5) When the market maker attempts to raise the stock price significantly, they will release the subject matter through the media or stock reviews, spread all kinds of vague and profitable news, and contact the big players to help the dealer, and at the same time create large trading volume and large transactions (can also create changes, such as a special High or ultra-low transactions), in order to reduce selling pressure and attract buying momentum, thereby accelerating the rise of stock prices.

(6) The typical characteristics of the middle and late stages of this stage are that the stock price rises more and more, the angle becomes steeper, the speed becomes faster, and the trading volume becomes larger and larger.However, stocks with large gains, steep angles, fast speeds, and large trading volumes have a short duration, and investors should be prepared to be out at any time.If the trading volume is in a state of decreasing, then such stocks can either be sold sideways at high levels slowly, or use ex-rights to reduce the absolute value of the stock price, and then pull up or sell sideways.

The 74th move to grasp the characteristics of the daily limit market

It is early to seal the daily limit, and immediately after the daily limit is closed, the selling volume decreases, the trading volume is extremely shrinking, and the stocks with huge buying orders to seal the daily limit have the ability to continue to rise and can continue to be held.On the contrary, those stocks that closed the daily limit later, and were opened by huge selling orders after the daily limit was closed, have weaker ability to continue to rise.

For stocks with continuous daily limit closures, we should not only look at the sooner or later the daily limit closures and the number of closed orders, but more importantly, observe the changes in trading volume.As long as the trading volume remains in a relatively shrinking state, it can continue to be held.Because in the case of closing the daily limit, the lot size of each transaction can be regarded as the suppression of the short side, and the long side is buying a huge cover order to eat all the selling orders.The shrinking trading volume shows that the short side is unable to break through the defense line of the multi-side, and the multi-side has an absolute advantage, and such stocks can continue to be held.

With the increase in the number of daily limit boards, the stock price has soared sharply and more and more profit-making orders have accumulated enough short-selling energy for the short side.At this time, if the trading volume enlarges, it means that the profit-making orders have poured out, and the short side starts to attack the long side. The opening of the daily limit caused the stock price to plummet downward.At this time, many parties will also stubbornly resist issuing huge buy orders to bring the stock price back to the daily limit.If the daily limit is opened several times a day, accompanied by the continuous enlargement of trading volume, it means that the upward momentum of many parties has reached the end of its strength, and the holdings should be sold in time to take profits.

For stocks with a daily limit, it is necessary not only to judge whether they have the ability to continue to rise, but also to judge the dealer's intentions.For example, the daily limit is sealed shortly after the opening of the market, and the trading volume shrinks sharply after the daily limit. The number of each transaction is only dozens of hands, and there is a huge amount of trading at the buying place, which seems to be normal.But it is intriguing that there are also big purchase orders in the two places of purchase.If this stock is really favored by the market, investors will never queue up after buying a huge order in order to "save" a penny.Then the buy orders to buy two places may be deliberately piled up by the dealer. The purpose is to show the "hot" scene of the stock being highly sought after by the market, so as to attract investors to follow suit and buy.At this time, the dealer continuously withdraws the previously entered buy orders at the position of the daily limit, giving up opportunities for the buy orders of the retail investors who are chasing up, sells the stock to the retail investors, and at the same time (almost at the same time) re-enters the buy orders to continue. Maintain a huge closing volume and continue to attract retail investors to follow up.Under the trading principle of price consistency and time priority, stocks are continuously sold.From this, it can be judged that the strong upward trend of stocks is false, and the dealer wants to ship.

Move 75: Analysis of Shrinking Volume and Large Volume Trading Limit

There are two types of sealed daily limit: shrinking daily limit and large volume daily limit.

Shrinkage daily limit.The movement of the stock price is interpreted from the intraday, that is, the comparison of buying and selling forces. If the expectation is high and there is no difference between long and short, it will form an infinite short rise.The shrinking daily limit sometimes indicates that the market’s selling pressure is relatively light or that the dealers who have controlled the market can easily lift up. Sometimes there are also elements of stockholders who are optimistic about the market outlook and are reluctant to sell, and it is often easy to form a continuous daily limit.But if it is a big bull stock that has been hyped, once it enters the downward channel, the upper part is far away from the lock-in-intensive area, and the lower part is far away from the dealer's cost-intensive area. Investors should be careful about holding shares.

Heavy volume daily limit.Especially in the early stage of the high-volume daily limit at the small head, on the one hand, it shows that the dealer is determined to go long, and he does not hesitate to release all locked-up stocks to show his lofty ambition; on the other hand, it also shows the dealer's strong capital and strong strength.As long as it is not far away from the cost-intensive area of ​​the market maker, the large-scale daily limit will often form a big market.However, the increase rate is slightly lower than that of the former category, because some bearish sells, but there are more bullish ones, and there are always huge buying orders, refusing to open the market.The reasons are as follows: first, the market maker has extraordinary strength; second, there is a period of hype in the sector; third, there are potential major benefits for individual stocks;

Whether it is a shrinking daily limit or a large volume daily limit, it is a good variety if there is no big sell order after the daily limit!Only when breaking through the transaction-intensive area and confirming the early head pullback (washing the market and measuring the support strength), the volume must be reduced.In particular, the shrinkage after a new high shows that there is no selling pressure on the full market, and what cannot be washed away is the dealer's chips, which are high-control stocks.It is hard to imagine how high a stock that has never had a daily limit can go.

(End of this chapter)

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