Detailed Analysis of "The Analects": For All Those Who Misinterpret Confucius (48)

2007/1/22 15:13:39

The Master said: Learning while not yet reaching perfection — hesitation and fear cause it to be lost.

Yang Bojun: Confucius said: Pursuing learning is like [chasing something —] afraid of not catching up; [having caught up,] still afraid of losing it.

Qian Mu: The Master said: Seeking learning is as if one can never reach it, yet still fears losing what one has gained.

Li Zehou: Confucius said: Learning is like being afraid of not catching up, and then afraid of losing what you've caught.

Detailed explanation: Without understanding the previous chapter, this chapter can only be muddled through like the three above. The Guangya dictionary states "及 means 至 (to reach)." "不及" is the "不至" of the previous chapter. "如" means "and/while," indicating a connection. "学如不及" — learning while not reaching perfection. Why is this so? Because of "犹恐失之." "犹" is not the usual conjunction — it means "hesitating and fearful." The Laozi has "犹兮若畏四邻" (hesitant, as if afraid of neighbors on all sides). "恐" means fear, apprehension, doubt. "失之" means "causing it to be lost" — "之" refers to "learning." "犹恐失之" — hesitation, fear, and apprehension cause "learning" to be lost, and so perfection cannot be reached.

"Learning," in its most frequent state, is actually hesitation, fear, and apprehension — especially when facing various theories and situations, amid a cacophony of voices. Without sufficient wisdom to discern, one is caught between options, trapped in dilemmas, anxious about gains and losses, unable to let go at the cliff's edge and directly take up the burden. At root, it is a failure to dare to take up the burden. In Chapter Seven, this ID repeatedly emphasized the importance of bearing responsibility. One passage reads: "But only slaves need liberation, only slaves need freedom, only slaves need dignity. You are inherently liberated, inherently free, inherently dignified — what need is there for liberation to liberate you, freedom to free you, dignity to dignify you? You need only bear responsibility — bear it as a human being. Bear what? Bear this heaven and earth. The person is the heart of heaven and earth; heaven and earth are the person's bodily shell. If you cannot even bear your own bodily shell, can you still call yourself a person? Bearing responsibility — this is the true spirit of The Analects and of Confucianism."

The I Ching states: "Heaven moves with vigor — the gentleman ceaselessly strengthens himself; Earth's nature is receptive — the gentleman carries all things with broad virtue." The person takes heaven and earth as the subject of "learning," for comparison and calibration — not merely scratching the surface as today's so-called practical science does, still less fabricating a priori premises out of thin air as speculative philosophy does. Rather, one directly takes up the burden. The virtue of heaven and earth, most immediately and presently, is "heaven's ceaselessness" and "earth's carrying of all things." No science or philosophy can violate this most immediate and present logic of reality — this is what Confucian "learning" compares against, calibrates against, and takes up. And the real existence of the person, the real existence of the individual — this is equally what Confucian "learning" compares against, calibrates against, and takes up. Abandoning this burden, relegating it to some illusory God-like premise — all this comes from lacking wisdom and therefore being trapped in hesitation, fear, and apprehension. Any "learning" that lacks the person's real bearing of responsibility can only be the "learning" of the petty person, not the gentleman's "learning" or the sage's "learning" of Confucianism. What is a "petty person"? It is someone who, for lack of wisdom, hesitates, fears, and is apprehensive, thereby making the towering "person" who stands between heaven and earth into something small. What makes a person small is always self-diminishment. The petty person evades responsibility, goes through the motions of responsibility, but ultimately remains within responsibility — because responsibility is "不患" (positionless). Whether one faces it or flees, responsibility is a reality that exists.

Bearing responsibility — the most important thing is bearing the person's life and death, and all of humanity's errors and transgressions. Why does learning involve hesitation, fear, and apprehension? Because one tries to prove one's own correctness, tries to find a so-called "eternally correct path." But heaven and earth are yours. All paths within heaven and earth are your paths. If no one walks them, if no one goes, how can anyone know they are wrong? Every path can only be one that people walk out. Before it has been walked, who has the qualification to play God and declare it right or wrong? Confucianism does not aim to provide some so-called "correct standard" to regulate heaven and earth — rather, it demands "行之" (walking/practicing), demands bearing responsibility. All wisdom must take bearing responsibility as its premise — without bearing responsibility, there can be no wisdom whatsoever. Perfection is not a fixed, a priori state — at root, it is bearing responsibility itself. Only the wise, the benevolent, and the courageous will have true bearing of responsibility. This is the true great wisdom, great benevolence, and great courage.

Chán Zhōng Shuō Chán's Vernacular Direct Translation

子曰：学如不及，犹恐失之。

Confucius said: Hearing the "Way of the Sage," seeing the "Way of the Sage," "comparing" with the Sage, and continually "calibrating" in real society — yet being unable to reach perfection — this is because hesitation, fear, and apprehension cause it to be lost, preventing one from directly taking up the burden.

(To be continued)

Strictly prohibited to plagiarize, violators will be prosecuted

Replies

缠中说禅 2007/1/22 15:27:14

This stock market is truly without any surprises — no challenge at all. I said the triangle was highly likely, with the breakout expected by this Monday at the latest, and the result is what everyone saw.

A reminder: the triangle pattern generally appears in the final adjustment of a movement segment. So after the triangle appears, subsequent movements require constant vigilance. Of course, this is only regarding the 30-minute — for a major daily-level adjustment, it's still early. So closely watch the 30-minute or 60-minute charts — once divergence appears, you can play some short swings.

Also, today's market gap wasn't filled. Therefore, by Thursday at the latest, there'll be a retest to challenge this gap. Of course, filling the gap isn't guaranteed — it could easily break 3000 before retesting, and the retest may not even touch 2900. But the retest is necessary, and it will trigger a shock.

For individual stocks, it's still the domain of second and third-tier stocks — too many stocks to play with, won't enumerate.

As for the 8 stocks this ID is performing live with — this ID only has two hands and can't attend to each one every day. But attending to one or two is absolutely certain. This is called "rotational operations." Recalling the movements during this period, except for the medicine stock, all the others have been rotated through. Of course, this is all this ID's sleep-talking — just saying it for fun.

缠中说禅 2007/1/22 15:31:54

[Anonymous] Surgeon

2007-01-22 15:24:47
Basically sold everything this morning, haha.
The market kept showing 5-minute divergence but just wouldn't drop. Am I going to miss the boat?
Now I love drops the most.
Thanks to Sister Chan for the guidance.

==

The market's 5-minute doesn't actually show any divergence — when the MACD yellow-white lines make a new high, it generally won't be divergence at this level. The market actually only had 1-minute divergence, which triggered an afternoon dip that quickly adjusted the indicators. Note: divergence must be examined across up and down levels of movement — you can't just look at one level.

缠中说禅 2007/1/22 15:37:19

[Anonymous] Butterfly

2007-01-22 15:29:31
Hello, Sister Chan!!

==

Hello.

A bit of sleep-talking: the liquor this ID has been drinking daily recently isn't among those 8 stocks — won't say more. As for the medicine stock, it's been exactly one month now, going from under ¥6 to ¥11. I wonder if there's anything faster than this. The main issue is that recently it can only gain about 5% daily, moving a bit slowly. Sorry for not delivering a 100% month for everyone.

缠中说禅 2007/1/22 15:39:09

[Anonymous] Facing Chan Directly

2007-01-22 15:36:53
On the 5-minute chart, although the market briefly showed divergence, on the daily chart this is the first upward trend after breaking the original hub. According to "trends must complete," the impact of this divergence definitely isn't large — could easily lead to missing the boat. So I held throughout. Sister Chan, am I right?

===

It was 1-minute divergence — the 5-minute yellow-white lines made a new high. You need to look at the yellow-white lines and the bars together. The 1-minute divergence was resolved during the afternoon dip in the session.

缠中说禅 2007/1/22 15:47:03

This ID is too lazy to go searching — can someone tell me: from December 20 to today, has there been anything faster than this ID's medicine stock? The New Year holiday affected the one-month doubling. If you have it, hold it. Sometimes shakeouts are unavoidable, but mid-term — as mentioned a few days ago — ¥9 is merely the rim of a monthly saucer bottom. And it's still an S-share. Where should it be, in your opinion? Let me hear everyone's thoughts.

As for the rest, as I said — mid-term, no problems at all. Some just have messy intraday action requiring back-and-forth. Like the Zhejiang guy going up and down — if your short-term skills are decent, it's actually more fun to play.

缠中说禅 2007/1/22 15:56:37

[Anonymous] Watching Chat

2007-01-22 15:53:23
I can't see a gap on the 1-minute, 5-minute, or 30-minute — only the daily chart has a gap.

===

If even the daily chart has a gap, then lower levels have it even more. Not seeing it is just a software display issue. For gaps, just look at the daily chart — no need to look at others.

缠中说禅 2007/1/22 16:03:00

[Anonymous] Made Money

2007-01-22 15:42:01
Chán Zhōng Shuō Chán 2007-01-22 15:27:14
This stock market is truly without any surprises — no challenge at all. I said the triangle was highly likely, with the breakout expected by this Monday at the latest, and the result is what everyone saw.

A reminder: the triangle pattern generally appears in the final adjustment of a movement segment. So after the triangle appears, subsequent movements require constant vigilance. Of course, this is only regarding the 30-minute — for a major daily-level adjustment, it's still early. So closely watch the 30-minute or 60-minute charts — once divergence appears, you can play some short swings.

Also, today's market gap wasn't filled. Therefore, by Thursday at the latest, there'll be a retest to challenge this gap. Of course, filling the gap isn't guaranteed — it could easily break 3000 before retesting, and the retest may not even touch 2900. But the retest is necessary, and it will trigger a shock.

For individual stocks, it's still the domain of second and third-tier stocks — too many stocks to play with, won't enumerate.

As for the 8 stocks this ID is performing live with — this ID only has two hands and can't attend to each one every day. But attending to one or two is absolutely certain. This is called "rotational operations." Recalling the movements during this period, except for the medicine stock, all the others have been rotated through. Of course, this is all this ID's sleep-talking — just saying it for fun.

----------------
The market has now broken above the daily hub. If the upcoming retest falls below 2868, it would become hub expansion, resulting in larger shocks. Is this analysis correct?

===

In a strong scenario — that is, one that can produce hub generation — 2870 should not be retested and touched. In other words, today's gap must not be filled — otherwise it falls into a larger-level adjustment.

The strongest movement would be quickly breaking through or approaching 3000, then experiencing a shock with 2870 as support, and then standing above 3000 — that would be the most powerful movement. Whether it materializes, there's no need to predict — just watch. If 30-minute or 60-minute divergence appears without breaking 3000, then the adjustment's duration and magnitude will be somewhat extended.

缠中说禅 2007/1/22 16:06:30

[Anonymous] Leisurely

2007-01-22 15:33:28
Hello boss.

Practiced divergence today. Sigh — sold just before the limit-up.

Looks like I still need to work harder.

Boss, help me analyze — on 600217, I saw divergence on the 5-minute MACD and sold at ¥2.64. But then it hit the limit up.

Boss, is there divergence on the 5-minute chart or not?
====

600217 — the 5-minute yellow-white lines made a massive new high. How could there be divergence? For divergence, the yellow-white lines first need to pull back to the 0-axis again, then the yellow-white lines don't make a new high, and the bar area is also smaller.

缠中说禅 2007/1/22 16:09:30

[Anonymous] Butterfly

2007-01-22 16:06:12
The prescription Sister Chan gave us is truly miraculous. Those who took the medicine and have been taking it consistently are sleeping well and eating well.
Immensely grateful to Sister Chan. Saluting Sister Chan!!!

===

What this ID actually emphasizes more is the entire sector. Medicine is this year's liquor — seems like I've said this many times. The sector will be repeatedly pumped, just like liquor.

缠中说禅 2007/1/22 16:12:48

[Anonymous] whq999

2007-01-22 16:00:58
Sister Chan, what if Shanghai opens with another big gap tomorrow????

==

Then the probability of filling it intraday becomes very high. Actually, right now we shouldn't fear shocks — we should fear it rising too fast. Continuous gap-ups would quickly lead to death from overexertion.

缠中说禅 2007/1/22 16:14:13

[Anonymous] Leisurely

2007-01-22 16:12:26
[Anonymous] Leisurely

2007-01-22 15:33:28
Hello boss.

Practiced divergence today. Sigh — sold just before the limit-up.

Looks like I still need to work harder.

Boss, help me analyze — on 600217, I saw divergence on the 5-minute MACD and sold at ¥2.64. But then it hit the limit up.

Boss, is there divergence on the 5-minute chart or not?
====

600217 — the 5-minute yellow-white lines made a massive new high. How could there be divergence? For divergence, the yellow-white lines first need to pull back to the 0-axis again, then the yellow-white lines don't make a new high, and the bar area is also smaller.

＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝

The stock price made a new high but the yellow-white lines didn't follow, right?

===

How are "new highs" compared? They're compared between trend segments. You don't even know which segment to compare with which. First identify segments A, B, and C before talking.

缠中说禅 2007/1/22 16:19:29

[Anonymous] Butterfly

2007-01-22 15:58:36
Question for Sister Chan:
On 000503's 5-minute chart at 10:05 on January 22, MACD has already diverged and upward force has been exhausted. Selling at this position should be fine, right?

===

First determine whether it's in a trend. In consolidation, movements resembling divergence — their pullback force only reaches the hub area. Only suitable for playing short swings.

缠中说禅 2007/1/22 16:38:54

[Anonymous] Newbie

2007-01-22 16:20:15
Hello Teacher Chan. Did 000900 show divergence on the 5-minute this morning? And 600295 — looking at the afternoon 5-minute, is it about to pull back? I asked you about 000900 the other day and you called it exactly right. I'm now up 30%, though I haven't sold — it's only on paper. Please advise. I've read every one of your articles but still don't fully understand. First time trading stocks.

==

There's no divergence right now. Please first learn how to identify divergence. All those conditions must be simultaneously satisfied. This stock has its historical high at ¥14 — shocks at this level are normal. Once it effectively breaks through, the upside opens up considerably. Short-term, you can play swings on the shocks. If your skills aren't sufficient, then don't bother. Mid-term, no problems whatsoever.

缠中说禅 2007/1/22 16:44:04

[Anonymous] Surgeon

2007-01-22 16:26:44
So, Sister Chan, what should I do with an empty position?
When is the best time to get in?

==

Didn't I say already? Triangle. Look how standard this triangle is — of course the best entry is at the lower edge of the triangle. Talking about entering now is a bit late. You can only look for individual stocks that reacted more slowly.

The biggest mistake in a bull market is being empty. Just as the biggest mistake in a bear market is being fully invested. Bull market adjustments are characterized by speed — if you sell, you must find somewhere to buy back, otherwise you can't get back in. And for particularly strong stocks, once you sell, there's basically no chance of buying back. If you sold Maotai at ¥50, your bear market low N years later may still not give you a chance to buy back.

缠中说禅 2007/1/22 16:46:37

[Anonymous] Mountains and Rivers

2007-01-22 16:22:57
[Anonymous] whq999

2007-01-22 16:09:57
The medicine stock price should at least make a new high, ¥27...

=======

Too bad I didn't take the medicine. How come I didn't see LZ's dream-talk? I'm dizzy.

==

The medicine stock wasn't just mentioned today. "Announcement Regarding Abandoning Everyone for Two Days" — 2006-12-19 21:45:00. If that isn't obvious enough, this ID really has no way to communicate.

Logging off first. Sweet dreams, everyone. Goodbye.

缠中说禅 2007/1/22 20:35:02

[Anonymous] White Magnolia

2007-01-22 18:04:29
[Anonymous] salmon

2007-01-22 17:44:06
The blogger seems to have good character — even helps everyone make money. Best would be robbing the rich to give to the poor — take the big players' money and give it to retail investors to earn, haha. Just joking. Don't know if the medicine stock is still buyable? Recently light on positions — always feeling the risk is too high! Please advise, blogger!

+++++++++++++++++++++++++++++++++++++++++++

Didn't Sister Chan say it's currently only the upper rim of a monthly saucer bottom... and also that mid-term there are no problems?

Can't you think for yourself?

===

Note: ¥9 is the upper rim, not the current price. At the current price, mid-term there's certainly no problem. Short-term shocks are perfectly normal. Once the S-designation is removed, it should get at least a 10-for-3 bonus. At the current price, that's equivalent to ¥8-something. Generally stocks resume trading and immediately fill the rights gap. Most importantly, this stock's fundamentals support continued appreciation even after the rights distribution. Everyone needn't just listen to this ID — you can research the fundamentals yourselves. For large capital, to name just one thing: its pharmaceutical retail chain network is very attractive. Suning can achieve such a large market cap — why? But exploring these themes isn't something that happens overnight. Take it slow — first get the S-designation removed.

Note: absolutely do not chase highs on the short term. Otherwise, if you get trapped, don't come to this ID. After studying here for so long, you can't even find a buy point?

Same goes for the rest — absolutely do not chase highs. This ID most opposes people chasing highs. Unless the first, second, or third type buy point appears — don't even look.

缠中说禅 2007/1/22 20:43:40

[Anonymous] Deep Diver

1. In "Teach You to Trade Stocks 12: How Can a Single Kiss Be So Intoxicating?" you used Maotai as an example: "(2006) August 7, after the second entanglement with the male-dominant position, a decline occurred, but volume and other indicators clearly showed divergence, forming a small bear trap, constituting the first buy point around ¥41." But looking at the chart, I found that on June 8, 2006, the daily low was ¥41.01, and on August 7 the low was ¥41.08 — higher than the previous low.
   In "Teach You to Trade Stocks 14: The Maotai Climax Program!" you stated: "The simplest way to judge when a divergence movement ends is when the green bars shorten while the price continues to make new lows."
   In "Teach You to Trade Stocks 24: MACD's Auxiliary Judgment of Divergence," you gave a market example: "On the Shanghai 5-minute chart, this constitutes a standard consolidation divergence. 12th 14:35 to 16th 9:45 constitutes segment A, 16th 9:45 to 16th 13:30 segment B, 16th 13:30 to 17th 13:05 segment C. B creates the MACD yellow-white line pullback to the 0-axis. Segment C and segment A form divergence. Analyzing C more carefully, the first red bar at 9:35 doesn't constitute divergence because it didn't make a new high."
   I find contradictions in my understanding of these three passages — they seem to require that when judging divergence, the latter segment must exceed the extreme price of the former, making a higher high or lower low. But in the Maotai example, I'm not sure if there's an error?
   ===
   I said long ago — accurate judgment must use hubs. The so-called "kiss" is just a moving average relationship. MACD can completely replace it. With hubs, there's no need to look at kisses — that's elementary. Hubs are intermediate. Second, knowing that trends must complete means knowing there must be two pullbacks. The second pullback doesn't necessarily go lower than the first — this is very natural. Understanding hubs thoroughly makes this clear.

The latter question is the same reasoning. If you can't figure out the hub concept, then use kisses or MACD — but theoretically these aren't guaranteed by pure mathematical rigor.

缠中说禅 2007/1/22 20:48:49

[Anonymous] Student

2007-01-22 20:10:18
Question: did 600033 form a daily-level third-type buy point on January 9? If so, why did several days of adjustment follow?

==

How could a daily-level third-type buy point be completed in one day? It requires three clearly distinct segments at the 30-minute level — that can't be done in a single day. The day you're referring to is not a third-type buy point at all — it's just a mid-segment rest during the first breakout segment.

缠中说禅 2007/1/22 20:52:17

[Anonymous] Bull

2007-01-22 17:38:48
Blogger, question:
600000 — on the monthly chart, is the 03/1 to 04/2 fluctuation a monthly hub, composed of three overlapping weekly movements? And before this monthly hub, is 01/9/21 to 02/3/22 a weekly hub?

==

How could a monthly hub be completed in one month? Get the hub concept clear.

缠中说禅 2007/1/22 20:56:39

[Anonymous] Heart Chan

2007-01-22 20:51:01
Xiaoming

2007-01-22 20:46:46
Sister Chan is here. Thanks for the answer. I just set my target too high — affected my operations. I was hoping to double in a month.
One more question that's been bothering me for days:

Does the endpoint of a converging triangle consolidation pattern count as a first-type buy point?

Then the next buy point would be a second-type buy point?

Using 000878 as an example: 12/29 would be the first-type buy point; 1/18 would be the second-type buy point. Not sure if this understanding is correct.

-------------------
"Chan Master," I feel the endpoint of a converging triangle consolidation is a third-type buy point. Is that right?

===

The third-type buy point can only be outside the hub. The final buy point of a triangle can only be a sub-level buy point. Operating on a triangle means selling at highs and buying back at lows — playing the swings. Once it approaches or breaks above the upper edge with sub-level divergence, exit. When it comes back to the lower edge with sub-sub-level or sub-level divergence, buy back. Once it breaks above the upper edge without divergence, that's a genuine breakout — then you don't need to exit, just wait for the larger-pattern divergence to appear. The entire operation has great rhythm — short swings are played, and the breakout isn't missed. This is the correct operating method.

缠中说禅 2007/1/22 21:00:32

[Anonymous] My 2006

2007-01-22 20:53:07
Sister Chan: I'm still studying your theory — it feels very profound. One question: in Chapter 17, you said "a Chan-style trend hub is constituted by the overlapping portions of at least three consecutive sub-level trend types." Why must it be three or more? Why not two?

===

If it were two, then any random pullback during an uptrend would become a hub — that would be chaos. A hub is a confirmation concept — it requires two confirmations toward a position, and two confirmations necessarily produce three or more sub-level movements. Just draw a few chart patterns and you'll understand.

缠中说禅 2007/1/22 21:18:07

[Anonymous] Happy New Year

2007-01-22 17:00:38
I'm crying — spent forever trying to submit but it just wouldn't go through. This lousy network. Restarting my machine and trying again.
Chán Zhōng Shuō Chán
===
Another bit of sleep-talking: the liquor this ID has been drinking daily recently isn't among those 8 stocks — won't say more. As for the medicine stock, it's been exactly one month now, going from under ¥6 to ¥11. I wonder if there's anything faster than this. The main issue is that recently it can only gain about 5% daily, moving a bit slowly. Sorry for not delivering a 100% month for everyone.
====
Sister Chan is too modest. We've already made a lot following you. I really don't know how to thank you.
Also, Sister Chan, I couldn't see the 1-minute divergence on the broader market. Was it around 13:05 today? But the MACD didn't pull back to the 0-axis? Does pullback to the 0-axis mean MACD<=0?
===

Strictly speaking, it was a divergence that didn't even reach the 1-minute level. Since we can only see down to the 1-minute chart, I'll loosely call it 1-minute divergence. Generally, this kind of ultra-small-level divergence only has intraday significance.

Pullback to the 0-axis can cross below the 0-axis, but shouldn't go too deep — generally stays near the 0-axis. Look at more charts and you'll naturally understand.

Some more detailed uses of MACD will be covered in tomorrow's post.

缠中说禅 2007/1/22 21:28:19

[Anonymous] Win Without Contention

2007-01-22 16:21:30
I never had a chance to take the medicine, but last week after reading LZ's post, I speculated that automobiles might rise. So I bought an Audi — now it's on the highway. Could LZ advise: how do you judge divergence after a limit-up? Especially stocks with consecutive one-line limit-ups like 600385 — on the 5-minute chart last week you could see very obvious divergence. But for stocks like 600763, how do you judge? I was heavily positioned around ¥5. Last Friday when the limit-up briefly opened, I sold half. Then today it pulled another one-line limit-up! Damn it. Please teach me how to handle this kind of stock.

==

This question has been addressed before. Consecutive one-line limit-ups are continuously extending 1-minute hubs in an uptrend. As long as this trend keeps extending, there's no reason to exit. As for how to judge the movement using MACD, this involves some special MACD techniques that will be discussed tomorrow.

缠中说禅 2007/1/22 21:36:39

[Anonymous] Brewing and Prescribing

2007-01-22 21:11:39
Hello Sister Chan, today I picked up some Shandong People. Hope it's as good as the medicine. Very grateful. Here I've learned not just knowledge but many unexpected gains. Thank you!

==

This one's a bit tricky. The main issue is that Shandong People's intraday action is still quite messy — having this ID do the pulling isn't fair to this ID, is it? But mid-term, no problems. So patience is needed. Right now, the several parties in this stock are all waiting for the other to make the first move — pressure from above, support from below. But this stalemate will eventually transform suddenly. Once it does, it'll fly wildly. Be patient and wait. If your skills are good, you can play short swings along with the market — this stock's oscillation range is decent. Playing short swings well is actually no worse than a single rally. Once it breaks out, your cost is already very low, and that's a comfortable position.

缠中说禅 2007/1/22 21:38:58

[Anonymous] Learning

2007-01-22 21:35:01
Sister Chan, hello! Two questions, thanks!

If the first and third segments constituting a hub overlap at just a single price point, is that a hub?

When looking at hubs, should we ignore moving average interference?

==
Movements produce moving averages, not the other way around. Looking at MACD and moving averages can be combined — moving averages are more intuitive.

缠中说禅 2007/1/22 21:47:13

[Anonymous] Newbie

2007-01-22 21:36:55
Teacher Chan, may I ask you about 600295? I meant to buy at a buy point as you described, but today I couldn't resist and bought anyway. Could you take a look? Newbie.

==
Why didn't you buy on the pullback candles from the past couple of days? Buying stocks — especially in a bull market — you must dare to buy on down candles. Especially when combined with a sub-level buy point, regardless of which type — they all form during declines or retests. You must develop good habits. Don't be afraid to buy on pullbacks, then chase highs instead.

Second, this stock has no mid-term issues. ¥5.7 is the key mid-term level — as long as it holds on a retest, the mid-term upside opens up. The key resistance above is the 250-week moving average — this is the final test of how high this stock can ultimately go. If it effectively breaks through, eventually filling that huge gap on the weekly chart would be perfectly normal.