Stock price patterns

Author: Liu Weicheng
Publisher:
Publish Date: 2002-01-01
Features: This book is based purely on technical principles, with the philosophy that stock price trends encompass and digest all factors, denying the decisive role of value, policies, information, indices, and themes. People instinctively tend to view the factors influencing stock price fluctuations in a one-sided manner. In reality, no one can guarantee the correctness of speculative behavior simply by understanding and recognizing information, policies, concepts, value, and market trends. The reason is straightforward: any stock price fluctuation is not determined by a single factor or the result of a single action. Stock price fluctuations are the result of the comprehensive interaction of various factors. They are also the result of the understanding or lack thereof, recognition or lack thereof, support or lack thereof, actions or inactions, correct behaviors or incorrect behaviors, etc., of market participants regarding all factors that influence stock prices. This comprehensive result cannot be predicted or determined by any individual or any information. The only reliable basis for predicting whether a comprehensive result can occur lies in the cyclical nature of stock price trends itself.