2012-11-09_weekly updates on CHAN chart

austinjoe

5 CHAN charts as of 2012-11-09. Monthly / Weekly / Daily / 10Min / 1Min last 4 days to show spx drop from 11/06/2012 high 1433.38.

3 interesting points to watch -- on Monthly chart June / July / Aug spx low -- 1266.74, 1325.42, 1354.65.  My wild guess is bear will hit 1354.65 before a tradable bounce up -- BXZL.

天地

看得眼花缭乱, 1354, BXZL, 势目以待

quietplayer

好图！1354守不住的话，就是周线级别的调整或下跌了。。。

bucks

a question，please see the chart below.

cat2011

befriend

austinjoe

bucks 发表于 2012-11-11 07:09 PM
a question，please see the chart below.

1> The red line on weekly chart is 30F走势 from 1min chart 1F线段.

2> If you use new 笔的成立条件 posted on 忽闻台风可休市，聊赋七律说《风灾》 (2007-09-18 22:53:57), this is in fact 一笔.

3> You may have same question on 01/15/2010 -- 02/05/2010 on weekly, there is only 4 K线, no matter new BI or old BI definition, it does not fit. Again, it's 30F走势 from 1min chart 1F线段. You could refer to -- 缠师的"图上绿箭头所指位置" on post 3775点决定反弹能否延续 (2008-03-19 15:21:35). MACD has 红柱 show up.

bucks

austinjoe 发表于 2012-11-12 08:58 AM
1> The red line on weekly chart is 30F走势 from 1min chart 1F线段.

2> If you use new 笔的成立 ...

Now, I understand your bottom-up approach, which is certainly more consistent. Thanks for teaching. Really appreciate it.

milan1126

不知楼主用的是哪个交易平台，这套画图的工具实在很牛逼~

austinjoe

milan1126 发表于 2012-11-12 10:39 AM
不知楼主用的是哪个交易平台，这套画图的工具实在很牛逼~

I use TOS -- ThinkOrSwim, but it only supports up to 20 Day 1min data. Hence I have to rely on 飞狐软件 for CHAN chart on SPX on historic 1min / 10min chart. TOS could provide up to 180 day 60min chart, which is good enough if you choose 1H chart as your building block.

I'm very grateful to 市场学生 as his work helped me to enter CHAN studying much easier. You could go to 市场学生 sina blog to get it:
-- 缠师博文全集下载     开袋即食的上证分钟数据下载

-- 继续提供缠师资料下载           (2012-10-12 22:32:44)

There is a 悟多公式 that could be used on 飞狐软件 to draw 笔和线段. It's helpful for new starter on learning CHAN chart, but it only uses old 笔 definition, not new 笔; plus it does not process gap up / down properly.

I passed it for a while after studying enough 1min charts -- just as what 缠师 said on 教你炒股票78：继续说线段的划分 (2007-09-06 22:28:31)

"选择好了开始点，就可以进行分段了。如果熟练了，就可以直接分段，因为分型、笔都可以心算就知道，直接就可以进行分段；但如果不熟练，还是先从分型开始，然后笔，再线段，这样比较稳妥。"

At one time, I even thought about coding myself using TOS script to fix 悟多公式's old 笔 definition and gap up / down affects on 笔和线段. But I gave up the idea as I could mark 笔和线段 quickly enough and the coding is really painful in TOS script.

milan1126

austinjoe 发表于 2012-11-12 02:38 PM
I use TOS -- ThinkOrSwim, but it only supports up to 20 Day 1min data. Hence I have to rely on 飞 ...

Thank you for sharing!
I was thinking about coding Chan theory too. But it is too complicated~As you can see from the charts that I quoted, I am also using TOS too so I have to skip 30 min magnitude and replace it with 1 hour magnitude.
I actually think when applying Chan theory in U.S. market, the best magnitudes we should watch for are 1min, 5min, 30min, 4h, daily, weekly. In this way, a 9 线段中枢 forms a higher magnitude 中枢 makes more sense.

austinjoe

milan1126 发表于 2012-11-12 03:06 PM
Thank you for sharing!
I was thinking about coding Chan theory too. But it is too complicated~As  ...

You're welcome! Auto drawing 笔/线段 is handy, but once you pass the learning curve on 笔/线段, it's not a big deal any more. More importantly is how to use 走势类型连接运算的结合性 to make the best call on 关于走势的当下判断 as 缠师 illustrated in lesson#36 --  教你炒股票36：走势类型连接结合性的简单运用 (2007-03-13 09:00:49)

This is the root cause that it's practically impossible to write an auto trading program on 缠师在38课提到的一个机械化的操作程式.

milan1126

austinjoe 发表于 2012-11-12 04:32 PM
You're welcome! Auto drawing 笔/线段 is handy, but once you pass the learning curve on 笔/线段, it ...

Totally agree. 笔和线段都没什么难的，最难的是走势多义性造成最优的走势结合一直在变~