CH8 证券投资之形态理论和波浪理论.pptVIP

* * 第十四讲 1、关注最近的资本市场 2、CH8 证券投资之形态理论和波浪理论 3、课堂讨论 证券投资学 ON INVESTMENTS / 美国市场 上证综合指数的走势： 讨论： 股价趋势的力量对比及结构？ 形态理论 根据价格运行的轨迹 揭示价格变动的规律 判断多空力量的强弱 持续整理形态 反转突破形态 掌握要点： 突破方向的判断 经典型态点评论 案例分析： 波浪理论 R. N. Elliott 1871，7，28出生 1927退休 Robert Rhea的忠实读者，欲补充其理论 1934年与Charles J. Collins建立联系 1938-1939出版《波浪理论》 1946，Nature’s law----The Secret of the Universe 1978, Prechter and Frost, Elliott Wave Principle Action is followed by reaction. There are five waves in the direction of the main trend followed by three corrective waves (a 5-3 move). A 5-3 move completes a cycle. This 5-3 move then becomes two subdivisions of the next higher 5-3 wave. The underlying 5-3 pattern remains constant, though the time span of each may vary. The basic pattern is made up of eight waves (five up and three down) which are labeled 1, 2, 3, 4, 5, a, b, and c on the following chart. The Elliott Wave Theory is named after Ralph Nelson Elliott. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. In fact, Elliott believed that all of mans activities, not just the stock market, were influenced by these identifiable series of waves. With the help of C. J. Collins, Elliotts ideas received the attention of Wall Street in a series of articles published in Financial World magazine in 1939. During the 1950s and 1960s (after Elliotts passing), his work was advanced by Hamilton Bolton. In 1960, Bolton wrote Elliott Wave Principle--A Critical Appraisal. This was the first significant work since Elliotts passing. In 1978, Robert Prechter and A. J. Frost collaborated to write the book Elliott Wave Principle. * * *