买涨不买跌-股市必胜策略

买涨不买跌-股市必胜策略 Buy on the Upside 买涨不买跌 Introduction to Price Patterns 价格走势入门 To successfully implement the buy on the upside and not to buy on the downside strategies, you must obviously know whether current prices are on the upside or the downside. This article discusses the most frequently occurring price patterns so you can recognize them as you monitor a real-time price series. 要想成功地实施买涨不买跌策略，你必须清楚地知道当前的价格处于升势还是跌 势。本文将讨论最常出现的价格走势，从而让你在关注实时价格走势时可以认出 它们。 Knowing what to look for as prices change helps you make better-informed buy-and-sell decisions. Stock prices move up and down over time and these price movements have recognizable patterns. A price pattern describes how a stock, sector or market index changes over time. 知道在价格变化时该寻找什么可以帮助你做出更加明白的买卖决策。股票价格随 着时间涨涨跌跌，这些价格波动有着可以识别的走势图。价格走势可以描绘出一 支股票、一个版块或者一个市场指数随时间变动的情况。 The four basic price patterns are: 价格波动有四种基本走势: , Rising prices (Upside)涨价(上涨) , Declining prices (Downside)跌价(下跌) , Sideways prices 横盘 , Repeating cycles of increasing and decreasing prices 波段 The following charts show examples of these four patterns. Each example plots historical prices over time. Also, some chart includes a trendline, which is a straight line that connects: 下列走势图是这四种价格走势的实例。每个实例都描绘了价格随时间波动的历史 情况。另外，有张走势图还标出了一根趋势线，趋势线是一根直线，它连接了: , Significant lows of an increasing price series , 一系列上涨价格的重要低点; , Significant highs of a decreasing price series. , 一系列下跌价格的重要高点。 Therefore, prices fluctuate above and below the trendline. 因此，价格会围绕着趋势线波动。 Rising Prices (Upside) 涨价(上涨) A rising price (upside) pattern has a general trend of increasing prices. The chart for 3M (MMM), a conglomerate, shows a long-term rising price pattern with two trendlines. As prices move higher, the short-term tops in price increase. Also the short-term lows that touch the trend line occur at higher prices. Therefore, the short-term highs and lows move higher for an increasing price pattern. 涨价(上涨)走势总的趋势是上涨。企业集团3M(MMM)公司的走势图显示 了一个带有两根趋势线的长期上涨走势。随着价格的上涨，短期价格顶也在提高。 而且，触及趋势线的短期底点出现在更高的价格上。因此，短期高点和短期低点 在上升走势中都是向上移动的。 Declining Prices (Downside) 跌价(下跌) A declining price (downside) pattern is a trend of declining prices. The prices move up and down above the declining trend line. The chart for Hecla Mining (HL), a silver mining company, shows a long-term declining price pattern. The steep increase to $25 is an example of the volatile nature of price changes in silver- and gold-mining stocks. Also note as prices decrease the fluctuating short-term peaks become lower and the fluctuating short-term lows become lower. Lower highs and lower lows are characteristic of a decreasing price pattern. 跌价(下跌)走势是一种价格下跌的趋势。价格在下跌趋势线上方上下波动。银 矿开采公司海克拉矿业(HL)的走势图展示了一个长期价格下跌走势。暴涨到 25美元是金银矿开采股票价格变化剧烈特性的一个例证。还要注意，随着价格 下跌，波动中的短期高点变得越来越低，波动中的短期低点变得越来越低。越来 越低的高点和低点是价格下跌走势的特点。 Sideways Prices 横盘 A sideways pattern is a trend of unchanging prices. The prices move up and down within two horizontal trend lines, which are defined by the high and low prices for the pattern. The horizontal patterns ends when prices form a rising or a declining pattern. The chart for Southern Company (SO), a larger electric utility, shows the horizontal price pattern that ends when prices form a rising pattern. Notice that prices fluctuate within the upper and lower price bands. 横盘走势是一种价格变动不大的趋势。价格在两根水平的趋势线中间波动，这两 根水平的趋势线是由走势图上的高点和低点确定出来的。当价格形成上升走势或 下跌走势是横向走势结束。中型电力公司南方公司(SO)的走势图展示了价格 的横向走势。该走势在价格形成上升走势时结束。要注意，价格在上下价格区间 内波动。 Repeating Cyclical Prices 重复波段 The next chart shows repeating cycles for Kulicke & Soffa (KLIC). Each of the four cycles has a well defined upside, a sharp peak and a downside of prices. This cyclical pattern repeats itself cycle after cycle. You can makes lots of money buying and selling on the upside of cyclical price patterns. 下一个走势图展示了Kulicke & Soffa (KLIC)的重复波段。四个波段中的每一个 波段都有一个轮廓分明的上涨、一个顶点和一个下跌。这种周期走势不断重复出 现。你可以在周期价格走势的上涨期买卖股票赚钱。 Topping Patterns 见顶走势 Prices do not rise forever. The topping pattern is the end of the rising price pattern. When the topping process is complete, prices fall. 价格不会永远上涨。见顶走势是价格上涨走势的结束。当见顶过程完整时，价格 开始下跌。 Four topping patterns are: 见顶走势包括下列四种: , Sharp top尖头顶 , Double top双重顶 , Multiple top多重顶 , Head and Shoulders top头肩顶 The following examples show the topping patterns. 下列实例展示了见顶走势。 Sharp Top 尖头顶 The sharp top of Home Depot (HD), the large home building supply store, is well defined by a steep and steady price rise. The initial down move from the top is also steep and steady. The sharp top clearly stands out from the prices preceding the sustained up move. 大型家庭建材商店家得宝(HD)的尖头顶由一个急促而坚定的价格上涨确立。 从顶部开始下跌也是急促而坚定。尖头顶清晰地从先前的持续价格上涨走势中显 露出来。 Double Top 双重顶 A double top has two tops of approximately the same price. Prices rise to a peak, fall and then rise a second time to the previous high. After the second peak prices fall. The chart for Amazom.com (AMZN), an Internet retailer, illustrates the double top. 双重顶有两个价格几乎相同的顶部。价格上涨到顶部，下跌，然后又一次上涨到 前一个高点。到达第二个高点后价格下跌。互联网零售商亚马逊(AMZN)的走 势图展示了双重顶。 Multiple Top 多重顶 A multiple top has more than two tops of approximately the same price. The chart for Schering-Plough (SGP), a large pharmaceutical company, shows five tops between $53 and $55. 多重顶有两个以上价格几乎相同的顶部。大型制药公司Schering-Plough (SGP)的 走势图显示了五个顶部，价格在53美元至55美元之间。 Head and Shoulders Top头肩顶 A head-and-shoulders top has three components: a temporary top followed by a higher top, which is followed by a lower temporary top. The first rise, top and decline is called the left shoulder. The second rise, highest top and decline is the head. The next rise, lower top and decline is the right shoulder. Prices continue to decline after the right shoulder. 头肩顶由三部分组成:一个临时顶部，接着是一个更高的顶部，然后是一个低一 点的临时顶部。第一次上涨、见顶和下跌称为左肩。第二次上涨、最高顶和下跌 是头部。第三次上涨、低一点的顶部和下跌是右肩。右肩完成后股价继续下跌。 The chart for General Electric (GE), the well-known conglomerate, shows a head and shoulders top price pattern. 著名企业集团通用电气的走势图显示了头肩顶股价走势。 Bottoming Patterns见底走势 A bottoming pattern is the end the declining price pattern. When the bottoming process is complete, prices obviously rise. 底部走势是下跌价格走势的结束。当见底过程完成后，价格明显上涨。 The bottoming patterns are: 见底走势包括: , Rounding bottom圆形底 , Sharp bottom尖底 , Double bottom双重底 , Multiple bottom多重底 The following examples show bottoming patterns. 下列实例展示了见底走势。 Rounding Bottom圆形底 A rounding bottom is formed as prices decline gradually over time. Also, prices move off the bottom price slowly. Therefore, you don't know when the bottom price has occurred until well after the fact. The chart for Placer Dome (PDG), a gold mining stock, illustrates the price movement of a rounding bottom. 圆形底在股价随时间逐渐降低时形成。然后，股价缓慢离开底部价格。因此，事 后你才会知道底部价格何时会出现。金矿股Placer Dome (PDG)的走势图显示了 圆形底的价格走势。 Sharp Bottom尖底V形底 The sharp bottom is a well-defined end of declining prices. After the low price occurs, prices rise steadily. The sharp bottom for Eastman Kodak (EK), a photographic equipment manufacturer, is easily seen in the price chart. 尖底是显而易见的股价下跌结束。低价出现时，价格稳步上升。照相器材制造商 伊士曼柯达的尖底在价格走势图中很容易看出来。 Double Bottom双重底W底 The double bottom has two lows that share the same values. After the second bottom, prices rise. The chart for Weyerheuser (WY), a timber and pulp grower, illustrates the double bottom. 双重底有两个低点，股价相同。第二个底部出现后，股价开始上涨。木材和纸浆 生产商Weyerheuser (WY)的走势图显示了双重底。 Multiple Bottom多重底 A multiple bottom consists of more than two low prices that are close in value. Prices rise after the last low price. Diamond Offshore (DO), an oil-drilling company, has three lows at $20. 多重底包含两个以上价格相近的低点。最后一个低点过后股价开始上涨。石油钻 探公司Diamond Offshore (DO)的多重底有三个20美元左右的低点。