The most commonly used chart in stock market analysis is the K-line chart. It analyzes the stock price changes within a period of time to find out the trend of future stock price changes. The K-line chart consists of the opening price, closing price, highest price and lowest price.

Be able to observe the real changes in the market comprehensively and thoroughly. From the K-line chart, we can not only see the trend of the stock price (or the market), but also understand the daily market fluctuations.

(1) The drawing method is very complicated and it is the most difficult to make among many trend charts.

(2) There are many changes in the Yin line and the Yang line. For beginners, it will be quite difficult to master the analysis, which is not as simple and easy to understand as the column chart. First give the coordinates on the graph paper, with height on the left and time on the bottom. Draw a horizontal line at the opening price and a horizontal line at the closing price at the day's position. Then connect these two horizontal lines with two vertical lines to form a small square. If the opening price is higher than the closing price, it is called a negative closing price, and this K line is called a negative line. This small square can be painted blue or black. If the opening price is lower than the closing price, it is called a positive closing, and this K line is called a positive line. You can paint this small square red, or you can leave it blank and leave it unpainted. Then find the highest and lowest price points and connect these two points with the midpoint of the horizontal line of the small square. If this line is above the small box, it is called the upper shadow line. If this line is below the small box, it is called the lower shadow line. Sometimes the two prices coincide, that is, the opening price or the closing price at the same time. There is no shadow line on one side of the highest price or the lowest price, which is called the bare head line or the bare foot line. That little square is called a solid. If we draw every day's K-line on one chart, it is called a daily K-line chart. We can also draw weekly K-line charts and monthly K-line charts. With the help of computer software, we can also see 5-minute, 15-minute, 30-minute and 60-minute K-line charts on the computer.

By analyzing whether the entity of the K-line chart is a negative line or a positive line, and the length of the upper and lower shadow lines, etc., it can often be used to judge the comparison of forces between the long and short parties and the direction of the market outlook.

Generally speaking, the Yang line indicates that the buyer is stronger than the seller. After a day of competition between the long and short sides, it ends with the victory of the long side. The longer the positive line is, the more power the bulls have over the bears, and the greater the possibility that the market outlook will continue to strengthen.

On the contrary, if the negative line is harvested, it means that the seller's power is stronger than the buyer's power. The longer the negative line is, the more the short side is stronger than the long side, and the greater the possibility of a weakening market outlook.

The K-line without upper and lower shadows is a K-line with bare head and bare feet, which is relatively rare in the stock market. It shows that the stock market moves higher (or lower) from the opening to the closing, and the market outlook will naturally continue to move in this direction. Similar to this are the bald Yang line and the bare foot Yin line, which at least shows that one party has an absolute advantage before the market closes, and is very likely to continue to dominate the next day.

If the K-line without a shadow line shows that one party has an absolute overwhelming advantage, the length of the upper and lower shadow lines shows the intensity of the struggle between bulls and bears. The longer the shadow line, the more intense the struggle. fierce. At this time, we must combine the entity and the shadow line to look at it.

The positive line has a shadow line, indicating that the short side is initially in a weak position. After the stock price rises to the highest price, the short side rebounds strongly, causing the price to fall slightly (below the highest price). In the end, although the stock price rose and many parties won, the victory was hard-won and it was difficult to continue to rise.

The Yang line has a lower shadow, indicating that the power of the long side is greater than that of the short side. However, during the battle between the long side and the short side, the short side once caused the stock price to fall, but the strength of the long side made the stock price rise again. The long side finally won. , there is a possibility of an increase in the market outlook.

The negative line has a shadow line, indicating that the power of the short side is greater than that of the long side, and the stock price falls to achieve final victory, and there is the possibility of continued decline in the market outlook (but the possibility of the dealer deliberately doing this is not ruled out).

The negative line has a lower shadow, indicating that the strength of the long side is greater than that of the short side. Although the short side has achieved temporary victory, its power is weakening, and it is unlikely to fall further.

The specific situation must be analyzed in conjunction with the trend at that time. While this is true in theory, it may be different in practice.

In any case, what is certain is that the impact of the small Yang line and the small Yin line is not as great as the impact of the big Yang line and the big Yin line.

When the body of the K-line becomes very narrow because the opening price and closing price are equal or very close, and the lengths of the upper and lower shadows are similar, we usually call it a cross star. It is the result of a temporary balance between the forces of the long and short parties, and is therefore often a precursor to a turning trend. But sometimes it is just a temporary pause in the rise or fall. At this time, we must put two, three or even more K lines together to observe.

If the cross star appears after consecutive days of rise, it may be a signal of decline, and if the cross star appears after consecutive days of decline, it may be a signal of rise.

If the body of the K-line is very narrow and one side of the shadow line is very long, forming a "lord" shape, which is the same as a cross star, it is often a signal of a turning trend.

In In actual analysis, we often need to study and judge the trend of the K-line chart over a longer period of time to find out its possible direction.

The weekly K-line chart is of special significance in analyzing the stock market. The trend is easily affected by human manipulation, and it is much more difficult for bookmakers to manipulate the weekly K-line, so the weekly K-line has a relatively high accuracy.

If two parallel K lines are discontinuous in price, that is, the highest price of one K line is lower than the lowest price of the other K line, this phenomenon is called a gap, and the price The broken part is called a notch. This is a sign of large changes in stock prices. A gap in a rising or falling stock price often makes the original trend stronger. Large gaps are especially likely to appear when there is major bad or good news.

It is generally believed that the gap left by a short jump must be filled. That is to say, the gap left by the rise will be filled by the fall of the stock price, and the gap left by the fall will be filled by the rebound of the stock price. In fact, this is not absolute, and it often happens that the stock price is not covered for a long time, which shows that the stock price has a strong trend in this direction.

What should be especially noted is the island reversal, that is, a large upward (or downward) jump gap appears shortly after a downward (or upward) big jump gap. This is A signal of a strong reversal in the stock market. It is plotted based on the opening, high, low, and closing prices of each analysis period. Taking the daily K-line as an example, first determine the opening and closing prices, and draw the part between them as a rectangular entity. If the closing price is higher than the opening price, the K line is called a positive line and is represented by a hollow entity. On the contrary, it is called a negative line and is represented by a black entity or a white entity. Currently, many software can use colored entities to represent the Yin line and the Yang line. In the domestic stock and futures markets, red is usually used to represent the Yang line, and green represents the Yin line. However, investors involved in European and American stock and foreign exchange markets should pay attention: in these markets, green is usually used to represent the positive line and red to represent the negative line, which is exactly the opposite of domestic customs. Use thinner lines to connect the highest price and lowest price to the entities respectively. The line between the highest price and the real body is called the upper shadow, and the line between the lowest price and the real body is called the lower shadow.

Using the same method, if one-minute price data is used to draw a K-line chart, it is called a one-minute K-line. Drawing a K-line chart using one month's data is called a monthly K-line chart. The drawing period can be flexibly selected according to needs. In some professional charting software, K-lines with periods of 2 minutes, 3 minutes, etc. can also be seen.

The K-line chart is intuitive, has a strong three-dimensional sense, carries a large amount of information, and contains rich Eastern philosophical ideas. It can fully display the strength of the stock price trend, changes in the balance of power between buyers and sellers, and predict the market outlook. The direction is more accurate, and it is a technical analysis method that is widely used in various media and computer real-time analysis systems.

K-line is a special market language, and different forms have different meanings. The so-called analysis of stock trends is mainly based on the K-line chart.

In order to meet different needs, the K-line chart can be subdivided into: 5-minute K-line chart, 15-minute K-line chart, 30-minute K-line chart, 60-minute K-line chart, and daily K-line chart , weekly K-line chart, monthly K-line chart, and even 45-day K-line chart.

The points of the market have the above K-line chart, and each stock also has the above K-line chart. Qianlong software is in the daily K-line chart interface, press F8 to switch, and the Great Wisdom software has "cycle switching" " directory.

Beginners like to look at time-sharing charts, where the stock price rises and falls more obviously. However, once they get started, they will use the K-line chart without exception. Those who like to do short-term operations can observe the 5-minute K-line chart and the 15-minute K-line chart at any time. For the long-term chart, look at the weekly K-line chart and the monthly K-line chart. Looking at the K-line chart is nothing more than to judge the trend of the stock price. If you find yourself paying more and more attention to period graphics over the course of a year or more, it's time to enter an intermediate class.

To judge the general trend, look at long-term charts, such as weekly K-line charts and monthly K-line charts. When the weekly K-line chart and monthly K-line chart are at a high level, the overall price risk of the stock market is greater, so be careful to keep your positions light. When the weekly K-line chart and monthly K-line chart are at a low level, the overall price risk of the stock market is smaller. When buying, you can combine short-term charts (5-minute K-line chart, 15-minute K-line chart, 30-minute K-line chart, 60-minute K-line chart K-line chart, daily K-line chart) The same goes for finding low levels to intervene and sell. Therefore, the stock market seems to have opportunities every day, but in fact, the big opportunities come once every period of time.

The noteworthy "moving average system"

On the "candle chart", there are also several curves of different colors covered, which are the moving averages, and there is a 5-day moving average (that is, every day based on the past Draw a point on the average of the 5-day closing price, and connect these points). There are 10-day moving averages, 20-day, 30-day, 60-day, 120-day, and 250-day moving averages. You can also set the date yourself, such as the 14th and 25th.. .....

The turning of the long-term moving average is often considered to be a trend change. Because the stock price can be "made" in a few days and can deceive people's eyes, but the long-term moving average is not easy to make. Therefore, the trend of the long-term moving average is often the trend of the market. If the moving average above 30 days stops moving in the original direction one day, experts will remind everyone to pay attention.

When the stock price crosses above or below important moving averages, experts will remind everyone to pay attention.

A few key points:

1. Look at the long-term chart and the short-term chart together

2. Combining the K-line chart with trading volume

(3) Combining the K-line chart with the moving average

The K-line chart is just a price list. No one has any unique tricks. If you look at the K-line chart, you will always hit the target.

When learning various "technical theories", you must combine your own market reading experience and summarize your own methods to be useful. In a sense, every experienced investor is an "Elliott" (the invention of the wave theory) who).

The K-line graphically represents the increase, decrease, transformation process and actual results of the power of buyers and sellers. After nearly a hundred years of use and improvement, K-line theory has been widely accepted by investors.

· When the closing price is higher than the opening price, the real part is generally drawn in red or blank, called a "yang line"

· When the closing price is lower than the opening price, the real part Generally drawn in green or black, it is called a "negative line" Doji (Doji)

The name of a candlestick line that can provide its own information and has the characteristics of many important patterns. When the market open and close prices are equal, the candle body is smallest and a Doji is formed.

Hammer

A price pattern on a candlestick chart that occurs when the market trades significantly lower than the opening price, but then rises again during the day and closes higher than or close to the opening price price. The pattern forms a hammer-shaped candlestick.

Inverted hammer

A price pattern in a candlestick chart that occurs when a security trades significantly higher after opening, but closes far away from the high, losing most of the day. In the case of earnings.

Gravestone

An upward market gap that opens higher than the previous day's closing price. It will go to a new high, then lose power and close near its lowest price, which is bearish momentum. An opening below the real body of the Shooting Star on the next trading day will confirm a trend reversal. If the open and close prices are the same, the indicator is considered a Gravestone Doji. Gravestone Doji is more reliable than Shooting Star mode.

Shooting Star

A candlestick reflecting a reversal. Previously, the stock price was at a high level and the candle body was large. A shooting star occurs when the day's opening price (usually) is higher than the previous day's closing price, then the stock price climbs to a high, but ends up closing below the opening price.

Three white soldiers (White Three Soldiers)

White Three Soldiers is a bull market reversal pattern, forming three consecutive long white candles. After a period lower, the White Soldier pattern indicates a change in market sentiment and a reversal from a bear market to a bull market. Confirmation of a bull market is unquestionable, and sometimes reversals create a price support level.

Three black crows

The bear reversal pattern consists of three consecutive black candle bodies. Each day opens above yesterday's low but closes below yesterday's low. Single-day K-line pattern

The uniqueness of the K-line chart is that the strength of the market can be preliminarily judged by using the K-line pattern of a single day

The following introduces several basic K-line patterns Line shape, for reference only:

·Dayang line (long red): The opening price is close to the lowest price of the whole day, and then the price rises all the way to the highest price and closes, indicating that market buyers are enthusiastic and the rally is not over.

· Big negative line (long black/long green): The opening price is close to the highest price of the whole day, and then the price drops all the way to the lowest closing price, indicating a strong market decline, especially in the high price area, and even more Danger

· Lower Shadow Yang Line: The price once fell sharply, but with the support of buying forces, the price rebounded upward and closed at the highest price, which is a strong form

· Lower Shadow Yin Line : After the price fell sharply for a time, it was supported by buying forces and the price rebounded upward. Although the closing price is still lower than the opening price, it can also be regarded as strong. However, when the high price zone appears, it means that the price has a callback requirement, and you should pay attention to selling

·Shangying Yangxian: The price fell back after rising, and the upward trend was blocked. Although the closing price is still higher than the opening price, there is a gap above it. Resistance, can be regarded as a weak point

·Upper Shadow and Yinxian: The price is blocked from rising, the upward trend is blocked, the closing price is lower than the opening price, and there is resistance above, it can be regarded as a weak point

· Lower cross line: The price fell sharply after the opening, but found support at the low level. The buying below was proactive, and finally closed near the highest price, which is a strong trend. When the long lower shadow line appears in the low price zone, it is often an important reversal signal

· Inverted cross line: The price encounters strong resistance at the high level after rising, and is finally forced to close near the opening price Close. Although there is a desire to go up, the market has correction requirements and is weak. When the inverted cross line appears in the high price zone, it is often an important signal of market change

·Cross Star: Buyers and sellers are evenly matched and the trend is stable; but in a strong market, the cross star often becomes the signal for market strength to change. At the intersection, the market outlook may change.

· One-line: The four-price-in-one K-line reflects that the market transactions are light, and it is difficult to see major changes in the market outlook; but if it appears at the daily limit (lower limit), it indicates that the power gap between buyers and sellers is too great, and the market outlook is unlikely to change. The direction is clear and difficult to reverse in the short term.

Two-day K-line combination

Test the market by observing the K-line pattern for two consecutive days and combining whether the current position is in a high-price area or a low-price area, which is more reliable.

High reversal pattern:

· It closed on the cross line yesterday, and the bullish attack was blocked; it opened higher and moved lower again the next day, and finally closed near yesterday's closing price, indicating that bullish prices The short competition is fierce, and the selling pressure above is heavy. You should pay close attention to the market outlook and pay attention to shipments

· Yesterday, the cross line was closed, and the price showed signs of reversal; the next day, it opened below yesterday's closing price, and then The price fell all the way, and finally closed on the negative line, indicating that the short side took the initiative, which mostly indicates that the market will turn downward, and you should pay attention to shipments

· Yesterday, the positive line closed on the positive line, and the buyer's momentum was strong; after opening higher the next day The bulls were unable to take advantage of the trend to attack, and fell sharply to close below yesterday's closing price, so the market weakened; this pattern appears after high consolidation, and you should be wary of dealers pushing up shipments

· Yesterday's closing of the positive line, the buyer's momentum is positive Sheng; the next day, the upward attack was blocked again, and finally closed with a negative line, but it was still above yesterday's closing price, indicating that the battle between long and short was extremely fierce, and the bulls won. We should pay close attention to changes in the market outlook

Low reversal pattern:

· The cross line closed yesterday, indicating active buying below, the price stopped falling and stabilized, and the price continued after the opening of the next day It moved higher and finally closed with a small positive line, so bulls' confidence increased and a price recovery was imminent. This combination appears in the low price zone, which is a standard rebound form

· Yesterday, the negative line closed, and the short sellers were fierce. The next day, they followed the trend and opened sharply lower, but the buyers actively entered the market at the low level and rose instead of falling. Finally, it closed on the positive line and was higher than yesterday's closing price, indicating that the short side's downward attack was weak and the price was likely to rebound

· Yesterday, it closed on the negative line, and the shorts were strong, but it opened sharply higher the next day , the price rose all the way, and finally closed at the highest price, indicating that many parties won a big victory, and the market outlook is expected to become stronger

Note:

There are many combinations of K-line, and their meaning is also They are not the same and should be analyzed based on different price levels and their changing trends. Parameter settings can be superimposed with other auxiliary indicators (such as moving averages, SAR, transaction accumulation) to analyze and judge together

The market trend after major disasters in history

10 transactions after the May 12 Wenchuan earthquake in 2008 Trend of Japanese stock index

Trend of stock index in the 10 trading days after the earthquake in Yushu, Qinghai Province on April 14, 2010

Trend of the stock index in the ten trading days after the debris flow disaster in Yunnan on August 25, 2010

Trends of stock indexes in the 10 trading days after the drought in Xinjiang on July 23, 2008

At about 22:00 on August 7, 2010, 1,434 people were killed and 331 were missing in a huge mudslide disaster in Zhouqu, Gansu.

The Shanghai Stock Index fell from 2,656 points on August 9 to 2,587 points 10 trading days later