Jin Xuewei: Next Target 2730 Points.

Technically speaking, we have two clear objectives for this market: one is 2400 points, two is 2700 points.

The technical basis of the 2400 point is that we have already said that the first wave from 1991 to 2087 is the first wave of the first wave. According to the calculation of the maximum wave length equal to 1 times the wave 4.236 times, the 2397 point can be obtained.

A little bit larger, 2406 times for 4.33 times.

It is the first stage or pitional goal of the bull market.

But it is far beyond our expectation that we can create a new high so quickly.

It seems that in front of the bull market, all rationality and stability are self handicapping and self binding.

The bull market is dripping with its legendary legend.

The 2700 point, as an important target of the first bull market, has been put forward for more than 3 months. Some readers have been asking, how did it figure out? Because the market now generally expects 2500 points, 3000 points, 5000 points, no 2700 points.

In fact, its technical basis is very simple, that is, the high and low average we have said.

Last week, we used the cumulative average of 2087 points, 2248 points, 2347 points and 2391 points for each wave since 1991 points.

It is a small band, only using the fractal of the sun line to calculate the basis.

But for large wavebands, the daily line is meaningless. The monthly line fractal should be used to calculate and calculate the regression target.

Since the 3478 point, there are 5 fractal high points on the monthly line: 3478 points, 3186 points, 3067 points, 2478 points, 2444 points.

In the 5 fractal highs, 3 are at the same level at the morphological level: 3478, the 1 wave starting point of the bear market, the C wave, the 3186 point, the 3 wave starting point of the big C wave, 2444 points, the starting point of the 5 wave.

Therefore, there are two algorithms: coarse and fine.

Coarse, only the same level of morphological points, that is: (3478+3186+2444+1849) point 4=2739.

Fine, include 5 fractal highs: (3478+3186+3067+2478+2444+1849) point 6=2750.

The results of the two calculations are the same at more than 2700 points.

In other words, this market, even if it is just a corrected return to the big C wave after the bear market, will eventually be between 2730 and 2750.

Of course, like the goal of return, this average regression target calculation is also carried out in two ways.

The other is the cumulative average of low points, that is, (2319+2132+1959+1849+3478) 5=2347 point.

After seeing 2347 points in the market, the market has been very repetitive and frustrating. That's why.

After weeks of tossing, this

The next goal should be taken to 2700.

This method of measurement includes two ideas.

First, the market is king. The theory is only theoretical, but in reality it is very contrasting.

For example, according to wave theory, 0.618 is the most important callback ratio.

But look at the actual trend of the market, you can know: 1558 points, callbacks 79%, 1052 points, callbacks 51%, 2242 points, callbacks 55%, 6124 points, callbacks 73%, 3478 points, callbacks 47%.

What is the average amplitude of the 5 wave of large scale callbacks? It just proves the correctness of the wave theory: 61%.

If we throw away 0.618, we will only look at the actual price movements in the market, and find the average point from the actual price movements of the market. The situation will be different. For the 2242 point, the 3 highest points in the same level are 1052 points, 1510 points, 2242 points, plus the lowest 325 points, and the average of 4 figures is 1282 points.

The 3 low points of the same level are 325 points, 512 points, 1025 points, plus the highest 2242 points, and the 4 figures average 1026 points.

They point to 1300 points, 1000 points, two major return targets, of which 1000 is the ultimate return point.

Another idea is mean regression. This is one of the basic rules of running things as we all know. There is no need to explain too much.

The reason why many things are complicated is that we have not found a correct way.

The wrong method and the correct method are often separated by a layer of window paper. Once it is broken, it is very simple, without any complicated and profound theory.

After that, I hope this method can be remembered and widely used in our investment practice.

In fact, after a long period of practice, I would like to turn the focus of this column, from talking about the market to talking about specific investment operation, which is the key to win the market.

Because it is easy to break the rules about stocks, old Jin has not consulted for more than 10 years, and still wrote such a column. First, some readers need, and the two is the long-term recognition of the management department. Therefore, I want to focus on some methods or methodologies which are directly related to investment operation.

In this issue, let's first discuss a problem: construction.

The basic idea.

More than 20 years ago, I just read some papers about portfolio, and I found it very reasonable that the purpose of combination is to eliminate the risk of stocks. Therefore, it is a key or basic idea to build up investment portfolios when there is no correlation or even negative correlation.

For example, fine cloth shoes sell well, umbrellas sell well in rainy days, so you should buy a share of cloth shoes and a stock that produces umbrellas at the same time, so that you can be safe on sunny days and rainy days.

This idea has always been the mainstream ideology of investment circles, but it is wrong.

In my opinion, the focus of investment is profit. Profitability is far greater than safety. Building a portfolio from safety considerations can only maximize market average profits, or even no profit.

Therefore, the correct combination of ideas is the same direction - the same strength, also has great potential to rise, also in line with the current market trend, or may also become a new market trend of the stock.

The purpose is sometimes because of the large amount of capital and the need for multiple stocks to meet the needs of positions and avoid liquidity risk.

Generally speaking, only the number of shares held does not exceed 60 days average turnover of 1/3, your stock will certainly have no liquidity risk.

But for more people, the purpose of the combination is simply "not sure which stock will perform better", because there is a way to choose a good stock, but ultimately it depends on luck.

Not to avoid risks, but to maximize profits.

As for how to choose good stocks, I'll talk about it later.