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1996年12月16日起,沪、深两市开始实行股价涨跌幅限制的交易规则,股票市场的运行模式发生了明显的变化,本文试从股票技术分析的角度分析、说明新规则下股市运行的新特征。一、股价上行加速、下行减速目前股价的涨跌幅限制为每天10％,不难看出,从同一价位出发,经过n个涨停板或跌停板后,上涨的幅度为[(1+10％)~n-1]×100％,下跌的幅度为[(1-10％)~n-1]×100％。若经过2个涨停板或跌停板,上涨或下跌的幅度分别为21％和19％;若经过5个涨停板或跌停板,则上涨或下跌的幅度分别为61％和41％。可见,由于在股价上行过程中基数不断扩大,股价的上涨被加速;
Since December 16, 1996, the Shanghai and Shenzhen markets have started to impose trading rules on the price rise and fall limits. The operation mode of the stock market has undergone significant changes. This article attempts to analyze the stock market from the perspective of stock technical analysis, New features for operation. First, the stock price accelerated upward, the downlink slowdown The current stock price up and down the limit of 10% per day, it is easy to see, starting from the same price, after n daily limit or daily limit, the increase rate of [(1 + 10%) ~ n -1] × 100%, the decline is [(1-10%) ~ n-1] × 100%. If after 2 daily limit or daily limit, the rate of increase or decrease is 21% and 19% respectively; if passing 5 daily limit or daily limit, the increase or decrease will be 61% and 41% respectively. Can be seen, due to the rising base in the share price upward, the stock price rise is accelerated;