May Soy Beans 1948 high 436-3/4. The price had moved up from 334 in October 1947, and after the trend turned down in less than one month’s time, May Beans sold at 320? and three months later advanced to 425. These wide fluctuations were the result of buying and selling. Too many people got bullish too late and bought too late and later became pessimistic when prices were down $1 per bushel. They then sold and prices went up again.
五月大豆期货从1947年10月的334美分涨到1948年的436.75美分,然后趋势开始反转向下走低,在短短不到一个月的时间里,五月黄豆跌到320点。然后,三个月后价格又攀升至425。这样大幅度的波动是买卖的结果。太多人因为太晚发现牛市而买晚了,以至于价格下跌1美元/蒲式耳,他们就感到后悔莫及。于是他们又开始卖出,而价格又开始回升。
started up traders decided prices were TOO HIGH and at 270 they SOLD SHORT. The WISE MAN who KNEW the TREND was up, BOUGHT. When May Beans reached the previous old high of 311? in December 1953, which was the high of April 1953, the public decided that prices were too high because in four month’s time, or since August, prices went up over 70¢ per bushel so they sold out anything that they had bought and sold short, hoping to buy lower.
1953年8月20日,五月黄豆期货低达239美分。1953年4月卖出价格为309美分。当五月黄豆突然拉升到达270美分的时候,期民都认为价格已经很高了而决定卖空。而聪明的人知道现在趋势向上,他们选择买入。1953年12月当五月黄豆攀升至1953年四月的那个历史311美分高点时,大部分人认为价格已经足够高了,因为从8月到现在的四个月以来,黄豆上涨70点/每蒲式耳,于是他们开始满仓卖空,等待低点买入。
Dec. 17, 1953 May Beans declined to 295-3/4 and made bottom, then advanced to 310 around the high of December 1953. The public decided prices were TOO HIGH and SOLD SHORT while the WISE TRADERS BOUGHT AT NEW HIGHS following MY RULES and continued to BUY AT NEW HIGHS because the TREND WAS UP.
1953年12月17日五月黄豆跌至295.75并形成底部,然后又上扬到310,在1953年12月的顶部盘整。大部分人认为价格到顶而卖空,少数聪明人按照我的法则买入,因为趋势一直是向上的。
1954 April 27th May Beans sold at 422, an advance of $1.82 per bushel in eight months and seven days. The greatest advance in history and the greatest range in any option.
1954年4月27日五月黄豆卖出价格为422,在8个月零7天的日子里,每蒲式耳上涨了1.82美元。这是有史以来最大的涨幅,也是最大的振荡。
本节由东张西望于2006-7-25 11:59:30翻译
[此贴子已经被作者于2006-7-25 14:19:32编辑过]