TA学习心得# Stock
m*3
1 楼
自从跟随教授之后，深感TA的重要，开始努力学习。现在正在看John Murphy的
Technical Analysis of Financial Market，觉得有些地方写的真好。比如下面这一段
论述support的心理学解释：
The Psychology of Support and Resistance
Let’s assume that a market starts to move higher from a support area where
prices have been fluctuating for some time. The longs (those who bought near
the support area) are delighted, but regret not having bought more. If the
market would dip back near that support are again, they could add to their
long positions. The shorts now realize (or strongly suspect) that they are
on the wrong side of the market. (How far the market has moved away from
that support area will greatly influence these decisions) The shorts are
hoping (and praying) for a dip back to that area where they went short so
they can get out of the market where they got in (their break even point).
Those sitting on the sidelines can be divided into two groups – those who
never had a position and those who, for one reason or another, liquidated
previously held long positions in the support area. The latter group are, of
course, mad at themselves for liquidating their longs prematurely and are
hoping for another chance to reinstate those longs near where they sold them.
The final group, the undecided, now realize that prices are going higher and
resolve to enter the market on the long side on the next good buying
opportunity. All four groups are resolved to “buy the next dip.” They all
have a “vested interest” in that support area under the market. Naturally,
if prices do decline near that support, renewed buying by all four groups
will materialize to push prices up.
Technical Analysis of Financial Market，觉得有些地方写的真好。比如下面这一段
论述support的心理学解释：
The Psychology of Support and Resistance
Let’s assume that a market starts to move higher from a support area where
prices have been fluctuating for some time. The longs (those who bought near
the support area) are delighted, but regret not having bought more. If the
market would dip back near that support are again, they could add to their
long positions. The shorts now realize (or strongly suspect) that they are
on the wrong side of the market. (How far the market has moved away from
that support area will greatly influence these decisions) The shorts are
hoping (and praying) for a dip back to that area where they went short so
they can get out of the market where they got in (their break even point).
Those sitting on the sidelines can be divided into two groups – those who
never had a position and those who, for one reason or another, liquidated
previously held long positions in the support area. The latter group are, of
course, mad at themselves for liquidating their longs prematurely and are
hoping for another chance to reinstate those longs near where they sold them.
The final group, the undecided, now realize that prices are going higher and
resolve to enter the market on the long side on the next good buying
opportunity. All four groups are resolved to “buy the next dip.” They all
have a “vested interest” in that support area under the market. Naturally,
if prices do decline near that support, renewed buying by all four groups
will materialize to push prices up.
