"The so-called iron rope is an iron chain, and each of its iron buckles is basically the same in shape and size. The iron cable Hengjiang on the K-line chart is sideways for a few weeks and months, and the opening and closing prices of each K-line are about the same, fluctuating in a narrow range every day, and the amplitude is very small. On the whole, a K-line for a few weeks or months is like a straight line. This is generally done by strong stocks, with large funds and more chips to control the market, otherwise it is impossible to control the stock price trend so accurately. The trend of SIPG Group from July 10 to September 25, 2006 is obviously the trend of this iron cable across the river. ”

Ding Xu explained, "The lowest price of SIPG Group on April 25, 2006 was 10.26 yuan, the turnover was 100 million, and the turnover rate was 1.89%, when its plate was only 500 million yuan in circulation, and the turnover rate was relatively low. However, it began to rise sharply the next day, and the volume rose sharply, and then it used three consecutive daily limits to touch a high of 18.72 yuan, an increase of 80%. The third daily limit on June 7, the board was opened on the same day, and it was only recovered until it turned green, and finally rose 5.58%, closing out a false yin line that opened high and went low, and at the same time the turnover was enlarged to 1.8 billion, and the turnover rate reached 19%, and the technical form was very ugly. Some retail investors say that it is a hanging neckline, some say that it is covered by dark clouds, and more people think that it is a sky-high price, because it has almost doubled in less than two months, and the main force must be shipping, so the timid will sell it quickly on the same day, and the bold still want to wait. ”

"And then?" Dumplings laughed happily, "In my opinion, the K-line chart is a simple process of rushing higher. But it was analyzed by a miracle. Say it like a war. I think it's very exciting and fun! ”

"Stock trading is a war! This is a war without gunpowder, and the cruelty is no less than that of a real battlefield! Ding Xu said, and then continued to tell, "After that, SIPG Group fluctuated for more than ten days, during which a lot of small entity negative lines were closed. During the period, almost all of the bottom chips that were originally around $10 were transferred to the top. We also know that most retail investors are accustomed to throwing away profits of ten pips. So when the stock price rises to $18 and then throw it off. It should be the bottom position of the main force. Now that the main force is shipping, not many technologists dare to keep this stock anymore. ”

"And later?" Dumpling asked.

"Then there was a period of boring market across the river, the closing price on July 10, 2006 was 16.98 yuan, and the closing price on September 25 was 16.37 yuan, and the stock price was less than 5 points before and after more than two months. The trend for many days during the period is basically a narrow range of 5-7 cents back and forth, which is very boring and very standard ECG trend. For example, on August 8, the highest price was 16.45 yuan and the lowest price was 16.41 yuan. The difference between the two is only 4 cents. This kind of ECG trend used to generally only appear in the low-price wave of two or three yuan. A stock of more than ten yuan goes like this, you can imagine how tormented retail investors are! ”

Ding Xu sent a K-line chart to everyone, explaining, "Short-term customers like stocks with large amplitudes every day, so they can do T intraday, and it is naturally impossible to enter this kind of backwater-like stocks." The long-term customers who originally insisted on value investment and were optimistic about the future prospects of SIPG Group, although they were nailers, but they encountered this kind of ECG trend for several months, on the one hand, they didn't even have the opportunity to do T, and they didn't have any fun watching the market, and on the other hand, they were also worried that the main force was shipping sideways, after all, the increase was nearly doubled. Therefore, this backwater and waveless iron rope across the river finally made retail investors lose patience and fall into despair, sell stocks one after another, and leave the market. ”

"These retail investors are so stupid." Four-eyed Seaman laughed happily, "This is a strong stock, engaged in air refueling, ready to rise for the second time." You see, he went up several times in one breath! Therefore, the trend of the iron cable Hengjiang in front is obviously to build a position at a high level to absorb chips, and quietly eat the chips of retail investors. ”

"Xin Shui, you are hindsight, it's 2008 now, you see the trend behind, of course you can judge it this way. But who could have judged at the time? How high the bull market can go, no one knows. After nearly doubling, all the chips at the bottom have moved up, isn't it the main shipment? Retail investors were right to run away at the time. It's just that if it were me, I should make sure that the second wave of the rise starts according to the trend behind, and then pick up the stock in time. ”

Xin Shui said, "I took a look just now, the period from July 10th to September 25th is still quite special, the market plummeted from 1734 points on July 10 to 1541 points, and then rose back to 1722 points on September 25, and the shock is very large." The Shanghai Port Group has been sideways, and the iron rope is across the river. According to my judgment, the main force at that time was likely to be in a position of more than 18 yuan, and it was really shipped in stages. It's just that later I felt that the market could still rise and do higher, so I kept selling high and sucking low, and finally in order to eat more chips, I was sideways at a position of more than 16 yuan, until the market rose again, and then suddenly re-attacked. ”

"Well, there's kind of truth to that." Xin Shui nodded in agreement.

"You also ignore one point, this should be the real reason for the iron rope Hengjiang - after the close of trading on September 25, the stock was suddenly suspended, and then the semi-annual report was announced, including a super-large proportion of 35 shares for every 10 shares, and then there was a classic digging action. It stands to reason that such a high transfer should be able to rise sharply, but after the resumption of trading on October 26, it only opened more than one point higher, and then rushed to the limit position and fell sharply, closing only more than five points, but the turnover rate was as high as 13%, which made the retail investors who still insisted on staying behind feel bad. High. The tide appeared on the second day, opening low and going low, plummeting 7.58%, and the turnover rate also exceeded 5%, making retail investors feel that everything was over, and they chose to cut meat or lock in profits. Including the short-term customers who came to do short-term on the day of the resumption of trading, they also fled one after another. ”

Ding Xu enlarged the K-line chart of that period and sent it out, "So the second high. The tide came, on November 1, with a thunderous momentum to close the limit, on November 2, it rose 7.58%, and then fell sideways slightly. During the period, the trading volume increased significantly. Retail investors who can still carry it hard in the trend of the iron cable across the river. In the past few days, guns have been handed in. And after that. The stock has never looked back, rising from 3.52 yuan after giving away the shares to more than 12 yuan. ”

"This main force is amazing! The first time I heard the term Iron Rope Hengjiang was when I watched Jin Yong's "Liancheng Jue", in which the protagonist Di Yun's master is called Qi Changfa, cunning and wise, and the people in the rivers and lakes call it 'Iron Rope Hengjiang'. Di Yun used to be very stupid and naïve, and always thought that the meaning of this nickname was to say that his master was powerful in martial arts. He is good at defending, and the enemy cannot attack his portal. Later, I found out that it was because his master was clever and extremely powerful, as long as anyone provoked him, he would definitely dig out his mind to retaliate, making people like a ship spinning in the whirlpool in the middle of the river, and he couldn't go up or down. "Dumpling is a fan of Jin Yong, and immediately remembers a fragment in the novel.

"Hmm. This iron cable across the river actually refers to the story of the Western Jin Dynasty and the destruction of Eastern Wu in the later period of the Three Kingdoms. Then. Wang Jun of Yizhou in the Western Jin Dynasty was ordered to build a warship, intending to conquer Eastern Wu, and the sawdust produced during the shipbuilding flowed to Jianping County with the water of the Yangtze River. After Jianping Taishou Wuyan found out, he presented the sawdust to Sun Hao, thinking that the Western Jin Dynasty was building warships and planning to attack Wu, and asked Sun Hao to send additional defenders to Jianping to defend, saying that as long as Jianping did not fall, the Western Jin Dynasty would not be able to cross the river to attack. But Sun Hao refused to listen to his advice at all to increase the troops. In desperation, Wu Yan had no choice but to organize craftsmen to make a long iron chain, put it down in a dangerous place, and cut the surface of the Yangtze River. Later, he made a large iron cone and placed it in the river in an attempt to prevent the Western Jin Dynasty warships from advancing eastward. As the so-called iron cable crosses the river, it is difficult for warships to cross! ”

Bao Erdan is a teacher who is very interested in history, and he is easy to use ancient allusions, explaining, "Later, Wang Jun led the army to press the border, and most of the defenders along the river fell to the wind, or were quickly broken, but Wu Yan, the Taishou, has been leading the army to stick to Jianping, Wang Jun because the water army was blocked by iron cables, and could not directly capture Jianping, so he had to take advantage of the lack of defenders on the other side of the Jianping River, go around to the river opposite Jianping, defeat the local defenders, and remove the iron cone in the river with a large raft, and use fire to break the iron chains. Only then did the navy successfully pass Guò Jianping County, and finally succeeded in destroying Soochow. Zhu Dunru, a poet in the Southern Song Dynasty, once wrote in a poem, 'Iron lock across the river, Jinsail surfing, Sun Lang is good and hard', which is the story of this story. ”

"Erdan, your memory is so good." Reversing Murphy's Law exclaimed.

"Interest is the best teacher, I like history and literature, but I teach mathematics." Bao Erdan said helplessly, "Twist, when I make enough money, I will go into hiding, devote myself to research, and then you will accompany me to retreat." ”

"Your sister!" Murphy couldn't help but laugh, "This girl won't accompany you to the poor, that's too boring." ”

"Well, Erdan is right, interest is the best teacher. Once you have an interest, you will not feel that doing research is boring, but full of fun, and the same is true for stock trading. ”

Ding Xu saw that the chat in the group gradually had a tendency to be crooked, so he quickly switched back to the topic, "In short, just like this allusion that Erdan said, this trend of the iron cable Hengjiang must have a strong intention." It is like a defensive strategy to prevent foreign enemies from invading and crossing an iron chain in the Yangtze River. Especially when the market plummets, such a sideways market can lock in the chips in the market, so as not to reshuffle after a large shock. Once this kind of stock is restarted, it is often a stormy attack. ”

"Then if you see this trend in the future, you can buy at the end of the consolidation, right?" YW asked with great interest.

"Not necessarily. This kind of trend, if it is at a relatively low level, is likely to be sideways to absorb chips, including opening positions after pulling a wave higher. In this kind of time, the K-line chart is the same as that time of SIPG, with very little fluctuation, and there is basically no upper and lower shadows. But if it appears after rising several times, it is often sideways after a wave of falling, during which it constantly fluctuates up and down, the upper and lower shadows are relatively long, and there is often a continuous trend of fishing lines, which is a typical shipment! ”

Ding Xu sighed, opened the K-line chart of Qinling cement, sent a picture out, and explained, "And most retail investors without technology will mistake it for refueling in the air and bravely rush in, and then the main force will finish most of the goods, and there will often be a fake breakthrough to attract more followers, and then suddenly fall off a cliff, and all the retail investors who entered on the iron cable and the fake breakthrough were trapped." And those who are trapped in this kind of iron cable across the river, if they do not escape in time, the consequences will be very tragic. If you look at the trend of Qinling Cement from 1999 to 2005, you can understand. ”

"Damn, it's so obvious that the iron rope is across the river. It's actually two or three years of iron cable across the river! And. After the crossing. It is a cliff-like plunge with a continuous drop limit, which has fallen by almost 80%! Isn't even the shorts being covered by Zhuang? When Bao Erdan saw it, he couldn't help but scream.

"Well, Qinling cement can be described as a typical Taiwan. The style of the trader is estimated to be a hardcore trader dug from there, and the plate is done without leakage. This trend is very classic, because there are dividends and ten-for-ten during the period, so we use the pre-weighting to observe. ”

Ding Xu nodded and sighed. "Qinling cement from the low point of 1.51 yuan on December 27, 1999, in one breath to the high point of 10.04 yuan on July 3, 2001, an increase of more than five times, the main force profits. During the same period, the market also rose from more than 1,300 points to more than 2,100 points, and then began to bear, until it fell to 998 points in 2005, entering a four-year bear market. Although Qinling cement has risen more than five times, at the beginning of the bear market, retail investors basically did not dare to follow suit, and how to ship was a big problem. So a classic scene. And so it goes. The classic iron cable crosses the river, plus the classic continuous fishing line shipping method. The classic continuous drop limit, the three in one, is simply a Romance of the Three Kingdoms. ”

"Keep talking, let's talk about it!" Dumplings are like listening to a story, and they are excited to listen to.

…………………………… Dividing line ..............................

(I sincerely thank "Li Quangen 2006" and other hardcore book friends for generously rewarding the leader of this book, welcome to enter the big family of the alliance leader group (miracle group) to communicate, I wish you a lot of money.)

Today is the weekend, and I want to write a weekend analysis, so I will say a few more words about the plate and the two sessions after the text, mainly the registration system that everyone is most concerned about.

As early as the evening of March 4th, I wrote a disk analysis of "When Will Large-Cap Stocks Dance" and uploaded it to the league leader group and the 6 V groups, which mentioned: "And readers who hold heavy positions in large-cap heavyweight stocks should not be discouraged, the bull market is not over." First, before and after the end of the two sessions, there should be an opportunity to hit the 3400 point mark again, in order to cover the retreat and shipment of small and medium-cap stocks (including theme stocks and concept stocks). ”

In last Sunday's weekend analysis, I once again reminded you that large-cap stocks will be in a wave of market before the end of the two sessions, in order to cover the retreat of the theme of the concept stocks, this week's trend we have also seen, indeed as I predicted ten days ago, once the large-cap stocks this week are a little stronger, the Shanghai Index will once again come to the city, pointing to the 3400 point mark, yesterday rushed to 3391 points, only 9 points to stand up. The Shanghai index closed this week up 4% of the big white line, and the yin line of last week was swallowed up, yang bao yin, last Friday weekly line has just died fork ten week line, this Monday rebound, and again the golden fork, the technology is repaired well, the market still has upward space.

Many retail investors were stunned by the sudden style switch of the market, and only made up their minds to sell large-cap stocks in the later stage of the two sessions to chase high-level small-cap theme stocks, and finally received two slaps in the face. Therefore, we must be cautious in chasing the theme stocks that have risen sharply, and without excellent technical and psychological qualities, it is easy to miss the chase high. In addition, you can predict the future trend every day, including the market and individual stocks, like me, even if the initial prediction is wrong, as long as you stick to it, continue to verify and learn, the level will be higher and higher, so as to ensure independent thinking and continuous profitability.

Before the shock adjustment in January and February, I have always said that this is the first round of the Shanghai Index after the air refueling trend, is the first half of the bull market break, used to build a consolidation center and chip defense, after the break, there is a second wave of rise in the market, the fattest market, everyone do not panic. In order to let you see the big trend, I also have a speech "Our goal is the sea of stars", you should still remember.

At that time, many stock commentators and retail investors said that the bull market had peaked, and this wave would fall to 2,800 points, and then continue to fall sharply after the rebound. Now they naturally won't say that, but if you listen to them, cut the meat when it fell sharply in January and February, and now come to chase the rise, this is really a cup.

Selling at a low price and buying at a high price is the only reason why retail investors lose money, and only when they do not do so can they make a profit. Everyone understands this truth, why can't it be done, or can't control their own greed and fear. Let's think about the reason. The article I recommended in the market analysis a few days ago "The true story of the loss of 90% in 2014!" (Must read for novices)", you can take a look at Baidu, and you may be able to experience some insights.

As I said in my market analysis, the strength of large-cap stocks is during the intensive subscription of new shares, so the market is not bad for money, but only a signal of a starting gun. In the future, with the continuation of the channel of interest rate cuts and RRR cuts, as well as the support of high-level management, the entry of pensions, and the inclusion of international indexes, funds will once again pile up.

At the same time, I showed you a lot of technical charts in my analysis a while ago, including the weekly, monthly, quarterly and annual lines of the Shanghai Index, mentioning that the technical and fundamental aspects fully support the evolution of this wave of small bull market into a big bull market like 07, and the launch time and content of the registration system is the only variable that affects whether the big bull market is established.

Judging from the current news, the implementation of the registration system will take about a year, and it will also be a moderate and steady progress, which will not cause the market to lose blood violently in the short term, so I put my mind at ease on the day I saw the report and wrote a disk analysis of "Good days are still ahead".

According to the content of the report of the two sessions, I said in the analysis of the disk such as "Good Days Are Ahead" that in order to launch the registration system, the securities law must first be amended. This year's two sessions are only drafts, the first draft, so the securities law will not be revised until October at the earliest, and it may not be revised until March next year. Therefore, the implementation of the registration system is actually still early, and the previously mentioned May and June decentralization of IPO review power to the Shanghai Stock Exchange and Shenzhen Stock Exchange is essentially a continuation of the review system, but the place is changed to review, the so-called "exchange is responsible for review, securities. The Supervisory Committee is only responsible for the Note. Before the revision of the Securities Law, it was still a modification of the audit system, which could only be regarded as the preparation of the registration system, and it could be regarded as a change of soup but not a change of medicine. To change the drug, it can only be done by the official launch of the registration system at the end of the year or in March next year.

Mr. Li. In this year's government work report, the ultimate goal of financial reform measures is expressed as follows: "Innovate financial supervision and prevent and resolve financial risks." Vigorously develop inclusive finance, so that all market players can share the rain and rain of financial services. The means to achieve this goal are to "strengthen the construction of a multi-level capital market system, implement the reform of the stock issuance registration system, develop a regional equity market serving small and medium-sized enterprises, promote the securitization of credit assets, expand the scale of corporate bond issuance, and develop the financial derivatives market." ”

It can be seen that the registration system is imperative, and the government also has high expectations, and it must be done well. Because China is now engaged in economic transformation, it must find a way out of innovation, and small and micro enterprises are an important force in innovation, but they are stuck in financial bottlenecks due to financing difficulties. The registration system is to solve this problem and enhance the vitality of China's economy.

During the two sessions, the chairman of the Shanghai Stock Exchange, Gui. Minjie recently said that the registration system does not mean that it will not be reviewed, and it is also necessary to review the applications submitted by enterprises, and special forces are indispensable. This, and evidence. The previous statements of the regulatory commission are basically the same, depending on how it will be implemented in a few months, and the number and quality of new shares launched in the first month are critical. And I still have the old saying, if the registration system can't be built, the bull market will not die. The registration system is out, and if the registration system is moderately and steadily promoted, the bull market may go again.

Therefore, I have repeatedly hoped that everyone will learn more to recharge, improve the level of stock trading, and strive to achieve financial freedom in this round of bull market. After all, the bull is short and the bear is long, and there are only a few times in a lifetime such a bull market...... To paraphrase a joke, we have to live well in a bull market, because in a bear market we will die for a long time, haha.

Regarding the content of the registration system, if you are interested, you can take a look at the old news such as "The Issuance Examination Committee Asks to Reveal the Regulatory Trend, and the IPO Review Power Will Be Delegated on June 1" and "The Shenzhen Stock Exchange Has Begun to Prepare for the Registration System and Prepare for the Decentralization of IPO Review Power", which is more thorough. The articles I saw today, such as "The Registration System Will Make the Supply and Demand of Funds "Face to Face", "Six Thoughts on Moving Towards the Registration System", etc., are the latest interpretations during the two sessions, and I also recommend them to everyone.

In short, the good days are still ahead, the fattest market is about to begin, let's work hard to make money and win a future for ourselves. (To be continued......)