Detailed Analysis of "The Analects": For All Those Who Misinterpret Confucius (51)
2007/2/8 15:08:59
The Master said: May those of upper wisdom associate with those of lower foolishness and remain unmoved.
Yang Bojun: Confucius said: "Only the supremely wise and the most foolish cannot be changed."
Qian Mu: The Master said: "Only the supremely wise and the lowest fools cannot be moved."
Li Zehou: Confucius said: "Only the smartest and the most stupid do not change."
Detailed explanation: This chapter is simple on the surface but riddled with misinterpretations. The key to explication lies in "与," which all three above and conventional interpretations render as "and" — but this is only a later-developed meaning. The original meaning of "与" is "to bestow/to give," originally referring to mutual cooperation and bestowing among party members, thus extending to "associate with, attach to."
From the Confucian standpoint, "上知" (upper knowledge/wisdom) is the junzi, and "下愚" (lower foolishness) is the xiaoren. Why? Because without "upper wisdom," one cannot become a junzi. Confucianism places the greatest emphasis on wisdom, and the acquisition of wisdom is one and the same with "seeing, hearing, learning, and practicing" the "Way of the Sage." "Seeing, hearing, learning, and practicing" the "Way of the Sage" must reach the level of non-retrogression before true wisdom — that is, the manifestation of "upper wisdom" — becomes possible. To achieve non-retrogression, one must trace things to their ultimate source. "Learn as if you cannot catch up, and still fear losing what you've gained" — without "catching up," there can be no "upper wisdom," and without "upper wisdom," one cannot become a true junzi. As for the xiaoren — they diminish the person, drift with the world like rootless duckweed. Where can wisdom be found? For human beings, the greatest foolishness is this very "self-diminishing." The xiaoren is the true embodiment of "lower foolishness."
Why should the junzi "associate with" (与) the xiaoren — befriend the xiaoren? Because all junzi come from xiaoren, transforming from xiaoren. Before "seeing, hearing, learning, and practicing" the "Way of the Sage," everyone is a xiaoren, having once diminished themselves. The "Way of the Sage" is the great Way, not a private path. It is eternally vibrant, manifesting in the present moment. Even without Confucius, the "Way of the Sage" would not be obscured. And only by "seeing, hearing, learning, and practicing" the "Way of the Sage" can anyone possibly obtain true wisdom and transform from xiaoren into junzi. The junzi cannot be enemies of the xiaoren — instead, they must befriend them, "not attaching to appearances" regarding their xiaoren characteristics. But ordinary people, if they have not reached non-retrogression, will face the situation described in the previous chapter when associating with xiaoren: "Indeed! When your children follow petty people in 'hearing, seeing, learning, and practicing,' disaster and affliction result. Clinging to petty people, one loses one's offspring; going against petty people, one sows hatred." Therefore, from a practical standpoint, Confucius still advocates "keeping distance from petty people" — especially children, who absolutely must not be entrusted to xiaoren for "education," lest endless troubles follow.
But the true junzi must not only emerge from the mud unstained — they must also brave fire and flood, "seeing, hearing, learning, and practicing" the "Way of the Sage" amidst wicked eras and wicked people. Without this, one cannot achieve true non-retrogression, nor can one transform a world where "people do not understand" into a world where "people are not resentful." "唯" here — unlike the previous chapter — expresses hope and exhortation. This is Confucius's hope and expectation for all who aspire to become junzi. "上知" — the junzi possessing true wisdom, having reached the level of non-retrogression, capable of "not moving" under any circumstances — this naturally includes situations of "associating with xiaoren." Only through being tempered by "associating with xiaoren" can one achieve true non-retrogression. "不移" means not changing, not retrogressing.
Chán Zhōng Shuō Chán's Vernacular Direct Translation
子曰：唯上知与下愚不移。
Confucius said: May the junzi who truly "see, hear, learn, and practice" the "Way of the Sage" associate with and befriend xiaoren who lack wisdom and are filled with greed and fear, thereby achieving non-retrogression in "seeing, hearing, learning, and practicing" the "Way of the Sage."
(To be continued)
Plagiarism is strictly prohibited; violators will be prosecuted.
Replies
缠中说禅 2007/2/8 15:17:55
Someone listed out everything this ID has been doing in detail — that's fine. This ID's results — the ambush points were all based on this ID's theory. Looking back, it's plain for all to see.
[Anonymous] 罗锅
2007-02-08 10:43:16
Math sister's first 5 stocks, mentioned mid-December: 000999, 000777, 000600, 000778, 600777.
Three mentioned after New Year: 000915, 000416, 000099.
Late January mentions: 600343, 000998, 600649, 600578, 600432
Recent days: 000938
Note — these stocks have all been mentioned for quite a long time. Some for almost a month and a half, so they're all very far from this ID's buy points. Therefore, I don't recommend anyone else get involved anymore. Once you've mastered this ID's theory, what stock can't you find buy points for? That's what's truly important.
However, stocks this ID works on will ultimately all double — that much is pretty certain, otherwise why would this ID bother with them? Some will definitely more than double — that's also certain. Of course, this is all calculated from this ID's buy points. If you haven't bought, absolutely do not chase the highs. Find them yourself.
After this ID uses the "double to negative cost basis" method to slowly recoup capital, I won't be ambushing small fry anymore. I'm preparing to ambush a big one — I can say it publicly: China Unicom. This ID hasn't really entered yet — just a tiny base position, swapped from today's 777 sale. Note: this ID is waging a battle here, and Unicom isn't like the others — this ID can't temporarily control the price movement, so absolutely do not follow and buy.
缠中说禅 2007/2/8 15:19:27
[Anonymous] Little Bird
2007-02-08 15:16:11
Sis, please never leave us. From now on we'll absolutely never mention stocks again, okay?
As long as this place can be preserved, giving me a place to visit every day — even without stocks, it's great! Listening to your Analects is already the greatest harvest of my life!
==
Horses keep racing, dancers keep dancing — fight the traitors' white terror with revolutionary pink terror.
缠中说禅 2007/2/8 15:20:51
[Anonymous] Xiao Ming
2007-02-08 15:17:39
Today's 777 was really fun.
One thing I don't understand — the stock should be from Jiangsu, so why do you always call it the Zhejiang fellow? I've even passed by the company's front gate several times, haha.
Boss, the five-fingers-gripping-one-thing did well today too. I bought some. Don't know if there'll be a sudden execution coming?
==
The name naturally has its reasons. Don't ask why — it's enough that everyone knows who it is.
缠中说禅 2007/2/8 15:31:35
[Anonymous] 满目山河
2007-02-08 15:24:57
==
Horses keep racing, dancers keep dancing — fight the traitors' white terror with revolutionary pink terror.
------
Haha, reminded me of Chan sis's piano piece. This sentence expresses something similar to the piano piece. By the way, there was a section in your piano piece that sounded very agitated.
==
That's because the sound conversion wasn't done well. If it were a live performance, the effect would be much better.
Also, someone said they wanted to hear 1812. The past few days have been too chaotic — I've already set it as background music today. Enjoy it.
缠中说禅 2007/2/8 15:35:00
[Anonymous] 呼呼
2007-02-08 15:31:46
Let me ask this question strongly again:
[Anonymous] 呼呼
2007-02-08 15:18:40
A weak question:
Is it true that all gaps, whether in the broader market or individual stocks, will eventually be filled?
==
This question was already answered before. Not necessarily — like the big gap above 325 points on the Shanghai exchange from 1994, it still hasn't been filled.
缠中说禅 2007/2/8 15:36:55
[Anonymous] 中间体
2007-02-08 15:29:51
Today Chan sis sold 500,000 shares of 777. Looks like there are still 500,000 shares inside.
==
Who told you this ID only sold 500,000 shares? Stop making wild guesses about irrelevant questions. The key is to learn well yourself.
缠中说禅 2007/2/8 15:39:59
[Anonymous] Xiao Ming
2007-02-08 15:17:39
Today's 777 was really fun.
One thing I don't understand — the stock should be from Jiangsu, so why do you always call it the Zhejiang fellow? I've even passed by the company's front gate several times, haha.
Boss, the five-fingers-gripping-one-thing did well today too. I bought some. Don't know if there'll be a sudden execution coming?
==
As long as you don't chase the high, it's fine. This ID doesn't like people who chase highs.
缠中说禅 2007/2/8 15:41:38
[Anonymous] 插班生
2007-02-08 15:37:58
Hello OP,
I still can't handle hub identification — it's all because of "trend completeness."
Can you explain today's market hubs?
Many times, once you explain it, I immediately understand. But when I try to find them myself, I get confused.
==
From the divergence that started after 11am yesterday: down-up-down. Look at the 5-minute or 30-minute chart — it's very clear.
缠中说禅 2007/2/8 15:42:36
Note — everyone, don't be impatient. Posts are coming too fast; this ID simply can't keep up with answering.
Please be patient.
缠中说禅 2007/2/8 15:43:26
For simple questions, please help answer if you know. Like this one:
[Anonymous] 长大
2007-02-08 15:42:41
Boss, what's the code for "five fingers gripping one thing"? Thanks!
缠中说禅 2007/2/8 15:47:17
[Anonymous] 满目山河
2007-02-08 15:19:50
Chan sis, a question: yesterday 600160 had a 5-minute divergence — how come it surged strongly again today? Can you analyze whether this stock has potential (momentum)?
==
After divergence, if you got out, you must find an opportunity to buy back. Nobody said that after a divergence, it must drop 50% — especially small-level divergences within large-level uptrends. In many cases, a single intraday pullback completes the process. You need to look comprehensively.
缠中说禅 2007/2/8 15:51:31
[Anonymous] 小牛
2007-02-08 15:45:53
Chan sis, a question:
Does a daily-level divergence necessarily involve sub-level or even sub-sub-level divergence?
Yesterday I sold 000919 in the morning. I thought it was an hourly divergence. Then it rallied in the afternoon. Did I mistake a consolidation divergence for a sell point?
==
Did it hit a new high yesterday morning? On the hourly chart, it seems the last hour yesterday afternoon was when it hit a new high. For precise handling of the 60-minute, you need to monitor the 15, 5, and even 1-minute movements after entering the divergence segment — that's how you can grasp the precise position. Still need to study more.
缠中说禅 2007/2/8 15:58:12
[Anonymous] Little Muddled Little Dance
2007-02-08 15:29:35
Report to OP — I only gave you a small verbal show of support, and they actually banned my IP!! Strongly despise this!!
==
No need to bother with them. Only cowards play those games.
缠中说禅 2007/2/8 15:59:21
[Anonymous] 新股民
2007-02-08 15:57:46
Hello Chan sis, please help me look at 600220 Jiangsu Sunshine — how will it move? I'm very confused. I've asked you many times. Eagerly hoping for your reply. Many thanks. Waiting...
Class monitor, could you help me take a look? I feel like Chan sis seems very busy. I don't understand anything at all. Many thanks.
==
It's moving very well — shouldn't be any problems mid-term. Just waiting for the timing of a breakout.
缠中说禅 2007/2/8 16:03:48
[Anonymous] 铁弹子
2007-02-08 15:37:00
Chan MM: I asked about hub identification yesterday and didn't get a reply. A classmate graded me and sent me back to kindergarten — depressing!
Take today's 5-minute K-line: the oscillation is gradually tightening. My understanding is that the hub should be the low of MAX and the high of MIN, resulting in a very narrow hub band. Is this understanding correct?
I've been studying the material seriously!
==
It's not necessarily very narrow. The low of MAX and high of MIN is correct. Generally, look at the first three segments — what follows is either extension through oscillation around it, or expansion. Each needs to be treated differently.
Generally speaking, the more complex hub patterns are triangles or rectangles — this will be covered later.
缠中说禅 2007/2/8 16:05:15
[Anonymous] 外科医生
2007-02-08 16:01:22
Boss, so depressing.
Why am I always empty-handed when the big rallies come?
==
Why didn't you buy when divergence appeared the past few days? The key is that understanding of market structure isn't deep enough. "Learn as if you cannot catch up, and still fear losing what you've gained."
缠中说禅 2007/2/8 16:14:23
[Anonymous] 缠文观止
2007-02-08 16:00:38
Let me ask a few more times — these are theoretical questions, not individual stock questions. Seeking MM's guidance:
Three basic movement types — uptrend, downtrend, consolidation — have six combination possibilities representing three types of structure:
Trap type: uptrend + downtrend; downtrend + uptrend.
Reversal type: uptrend + consolidation + downtrend; downtrend + consolidation + uptrend.
Continuation type: uptrend + consolidation + uptrend; downtrend + consolidation + downtrend.
If a downtrend completes (divergence appears), then only uptrend and consolidation are possible afterward. The uptrend should be at the same level as the downtrend, while the consolidation should be one level higher than the downtrend, right?
After a downtrend completes (divergence appears), does this mean: the downtrend must contain at least two same-level hubs, and the same-level hub appearing after the downtrend's completion must be in the opposite direction to the downtrend's two hubs? Otherwise, if another same-level same-direction hub appears, it would be a continuation of the downtrend (not considering hub expansion for now).
Why must two same-level trend divergence segments necessarily produce a reverse same-level movement type? And why must it at least return to the hub of the consolidation between the two trend segments? A rigorous proof would really help understanding.
Using the moving average zone area to represent momentum and demonstrate divergence — is this a rigorous definition or just a reference?
Also, could you explain in detail the various movement combinations after hub expansion occurs?
Chan MM, when will you do a dedicated analysis of hubs? So many details can't be figured out. It's very hard to fully solve the divergence problem.
==
Many of the concepts you currently understand are wrong. For example, after a 5-minute level divergence, what necessarily appears is at least a movement type in the opposite direction at or above the 5-minute level — not necessarily at exactly the 5-minute level. Also, regarding the momentum issue, this was answered before: ideally, you'd code a new set of indicators for the most precise measurement, but ordinary people simply can't do that, so using MACD is sufficient. Other questions are mainly because you haven't digested the previous content well.
Regarding the same-level issue — I believe this was answered a few days ago. Simply put, a hub is a concept within a movement type. Uptrend + consolidation etc. are connections of different movement types — they're not at the same conceptual level. Get that straight first. Study some more.
缠中说禅 2007/2/8 16:31:37
[Anonymous] 中间体
2007-02-08 16:15:34
A very important question for Chan sis:
Is the second-type buy point about looking at the third segment of the hub,
and the third-type buy point about the first segment? Is that right?
===
Not entirely correct. After a sub-level uptrend, the second-type buy point formed by the first sub-level pullback will certainly have profits afterward, but it often evolves into larger-level consolidation — especially at super bottoms. So at that point, you need to watch how the hub evolves and use the hub's sub-level movement to determine the second-type buy point of the large-scale hub. The only difference between a third-type buy point and a second-type buy point in terms of judgment is that the hub level of a third-type buy point is smaller than the hub being broken through below.
The specifics of these distinctions will all be covered in detail later. There's still a long road ahead.
缠中说禅 2007/2/8 16:36:39
[Anonymous] 巴索林
2007-02-08 16:26:37
OP, didn't you say the day before yesterday that you'd assign us homework every day? We've been waiting for the next assignment for a long time...
===
Okay, but the answer can't be revealed today because tomorrow's post will address this issue.
Everyone pay attention — here comes today's homework:
After a 5-minute downtrend divergence, what is the minimum position the subsequent rebound can reach? Provide a classification of the corresponding rebound positions, and correspondingly determine the rebound's strength.
缠中说禅 2007/2/8 16:41:12
[Anonymous] 清
2007-02-08 16:24:03
The main reason for asking is that when doing swing trades on small levels, if the adjustment amplitude isn't large and it rallies quickly, one often misses the buy opportunity, or ends up working for the brokerage. So I want to figure out how to judge divergence on small levels. Even after pullback to the zero axis, a new high appears, but the MACD area is reduced compared to before — but standing in the present, how do you determine whether it will dip and then rally again, making the subsequent area larger than the previous (pre-zero-axis-pullback area)?
Thanks. Hope to get an answer!
==
This question has actually been answered many times. For small-level divergence to exert major force, the first scenario is when it's within a large-level movement's divergence segment — otherwise, small-level divergence won't trigger large-level reversal and naturally won't produce much impact. The second scenario: in sharp, swift movements, small-level divergence often leads to particularly large reversals — this is also especially worth watching. For example, ICBC's top after New Year, Beichen, liquor stocks, etc. — all were this type.
缠中说禅 2007/2/8 16:42:16
[Anonymous] 中间体
2007-02-08 16:40:03
[Anonymous] 中间体
2007-02-08 16:15:34
A very important question for Chan sis:
Is the second-type buy point about looking at the third segment of the hub,
and the third-type buy point about the first segment? Is that right?
===
Not entirely correct. After a sub-level uptrend, the second-type buy point formed by the first sub-level pullback will certainly have profits afterward, but it often evolves into larger-level consolidation — especially at super bottoms. So at that point, you need to watch how the hub evolves and use the hub's sub-level movement to determine the second-type buy point of the large-scale hub. The only difference between a third-type buy point and a second-type buy point in terms of judgment is that the hub level of a third-type buy point is smaller than the hub being broken through below.
The specifics of these distinctions will all be covered in detail later. There's still a long road ahead.
====================================
Thanks. Can we say for certain that if the hub level of the third-type buy point is larger than the hub below being broken through, then it's not a third-type buy point?
==
Of course. That would evolve into hub expansion or a new hub in a movement extension, etc.
缠中说禅 2007/2/8 16:43:04
This ID has to go now — will come back tonight if there's time. Goodbye.
缠中说禅 2007/2/9 5:30:58
Download Guangfa's software — it has 1-minute charts.
缠中说禅 2007/2/8 15:10:09
Nothing to say about the broader market — it's just what was said yesterday: forming a hub here. This afternoon's rally constitutes a consolidation divergence on the 5-minute chart, and this 5-minute hub will expand like the 30-minute hub. Tomorrow still needs to continue confirming this hub. If you can't read hubs, just watch the 2720 level. Until it holds firmly above that point, oscillation persists. Once the hub is confirmed and a sub-30-minute divergence occurs with a firm hold above 2720, then a new wave up will emerge — but pressure above 2850 is significant.
But for individual stocks, the broader market doesn't matter much. As everyone saw, some of this ID's stocks were quite excited today — that's normal. Breaking out during the broader market's oscillation has its benefits: at least if the market suddenly deteriorates, the room to fall and the swing spread are already created; and once the market turns positive, momentum-chasers will join in enthusiastically. These are all tactical matters. But note — this ID most despises momentum chasers. Anyone who chases highs, this ID happily teaches them a lesson. Chasing highs has zero technical merit. If you've got the skill, buy at the first, second, and third buy points. Sell at the first, second, and third sell points.
Today is the memorial day for the gentle Zhejiang fellow. This ID has a notorious bad habit that makes countless market makers tremble in fear: once an ambushed stock reaches a 100% gain, this ID will definitely find an opportunity to sell off half the holdings. Then this ID's cost basis becomes negative, and after that, no matter how things play out, this ID is guaranteed to win. However, 777 still has its catalysts and mid-term upside. It's just that this ID's negative-cost-basis plan has once again been successfully completed after 999 — naturally, I must document it here for the record.