In the stock market, everyone knows that the stocks of listed companies have limited value, and we call the stocks chips. Chips are represented in the form of chip peaks. By observing the chips, investors can effectively judge the market trend, the intention of the main force, and the support and pressure level of the stock, which is an important basis for investors to buy stocks.

Chip peaks come in two colors: white and yellow. The white line represents the trapped chips, the yellow line represents the profit chips, and the blue line represents the average cost. Some tape-reading software on the market have different colors, so I won’t explain them here. As shown in the figure below

(1) When there are multiple peaks in the chips, it means that the chips are distributed in the hands of many parties, and there is not much room for the stock price to rise, so it is not appropriate to intervene.

(2) When the chips are highly concentrated at one point, it means that the chips are highly concentrated, which means that the average cost is concentrated near a price, and there is a possibility of a break and rise, and the opportunity to intervene.

In the stock market, the main force has a large amount of funds and a large amount of chips to obtain control of the stock. Small investors are often oppressed by the main force. But from another perspective, the main force is also likely to become cumbersome due to the large number of chips in its hands and become a burden to the main force. The small and flexible chips of small scattered chips become an advantage. So how should retail investors avoid the pressure of the main force and maximize their strengths and avoid weaknesses? Then we should first learn how to look at the distribution of chips and gain insight into the behavior of the main players.

The main attraction is the process of absorbing low-priced chips from retail investors. In this process of chip conversion, the main force usually deliberately suppresses the stock price, and many retail investors begin to sell their chips, while the main force continues to take in the chips of retail investors. When the fund-raising is almost completed, the main force begins to pull up the stock price. rises, ending the first stage of fund-raising. As shown below

Jinyi Industrial 601002, in the past two years, the stock price has continued to hover at a low level. During this period, the main force has carried out a long-term accumulation of funds. In the early stage of the rise, the stock price was concentrated at 8 yuan Around, this is the approximate cost of the main force.

After the main fund-raising in the early stage is over, they begin to push up the stock price. During this period, the main force will use the chips in their hands to suppress the stock price. After retail investors sell their chips, the main force begins to take over again and undertake the selling pressure. The peak of the chips is However, at this time, the main force's large number of chips are still standing still. This part of the main force's chips will wait for the stock price to rise to a high point in the later period before making any plans.

During the process of the main force pulling up, the stock price continued to rise. Many retail investors saw profits and began to chase the rise. However, they were afraid of taking profits when they were at a high level, so retail investors sold them separately. At this time, the main force starts to buy and sell at the same time, and continues to increase the stock price. The stock price continues to rise, and eventually a seamless "lifting plan" will be formed. The main force finally reaps the profits. Of course, this requires the cooperation of the general environment to proceed smoothly. .

After the stock price has risen in the early stage, the stock price continues to rise, and the profit margin of the main force has become full. At this time, the main force needs to cash in the previous profits. If you want to cash in, you must have retail investors to take over. . During the strong rise in stock prices, many retail investors saw profits and began to chase the rise and buy individual stocks, and the main force began to distribute the chips in their hands.

As shown in the picture below, the stock price of Jinyi Industrial rose from 15 yuan to 29 yuan, and the chips were concentrated around 18 yuan. After the main force distributed the chips in their hands, the chips below were obviously loosened, but they were not completely Distributed.

At the end of the entire layout, the main force has to attract more retail investors to cash in the profit chips in its hands. The main force will often form a short period after the rapid rise. Sexual sideways adjustments mislead retail investors. Many retail investors chased the price and bought the stock because they felt that the rising market was not completely over. After the retail investors chased the price, the main purpose of cashing out was achieved. As shown in the picture below, the chips at the bottom are almost exhausted, and the chips are concentrated at a high level.

The stock price often trades sideways for a long time. At this time, the chip peak forms a single peak at a low level. On a certain day, the stock price breaks through a single peak. At this time, there must be cooperation from the trading volume, and the trading volume is increased. A large number indicates that the rising market will start immediately. The greater the concentration of single peaks, the stronger the upward attack will be in the later period. The longer the formation time of single peaks is, the greater the probability of a rising market.

Key points for operation: If the single peak breaks through the low level, the market outlook will be bullish. Choose the opportunity to buy.

After the stock price traded sideways at a low level in the early stage, it formed a single peak at a low level. Later, the single peak was broken through by heavy volume, and the stock price rose slightly. Then the stock price entered a correction trend. The original low peak peak A strong support is formed at the dense place. The stock price does not fall below the support but rebounds at the support to initiate a large-volume upward trend again. At this time, it is usually a signal to start the main rise, which is the best buying opportunity. It will rise sharply in the later period.

Key points for operation: Low-level intensive peak support, the market outlook is bullish. Choose the opportunity to buy.

After a round of rising prices, the stock price forms a single peak at a high level. The stock price rises and breaks through the high single peak, reaching a record high. At this time, investors can buy individual stocks and make short-term profits. When the stock price rebounds in the later period, the high single-peak intensive points can be used as standard stop loss levels. This tactic is only suitable for short-term operations.

Key points for operation: If the single peak breaks through the previous high, the market outlook will be bullish. Choose the opportunity to buy and do short-term operations.

1. The chips are concentrated at a high level (September 2, 2002, Figure 1)

During this period, the chips are concentrated at a relatively high level. After a large increase in volume in the early stage, the upward trend is weak after shrinking. , at this time be careful to change the market downward.

2. After a round of decline, the chips were concentrated at a relatively low level (November 14, 2003, Figure 2).

However, at this time, the chips at the high level did not move to the bottom, and the stock price It has also fallen below the intensive trading area at the bottom and should continue to be bearish.

3. After another sharp decline, the chips above have moved to the middle and still have not moved to the bottom (March 30, 2005, Figure 3)

At this time, it shows that the chips above During the decline, the chips have been locked up and cut out. At the same time, some investors believe that the stock price is already very low. At this stage, a partial exchange of chips has been carried out. However, the sign of whether the move is complete is that the stock price must break through upward. Unfortunately, it I chose to continue shrinking downwards to find the bottom, and still stayed on the sidelines.

4. The high-level chips disappeared and the big chip move was successfully completed (April 27, 2006, Figure 4)

At this time, after more than a year of heavy volume building at the bottom, the In the early days, all the dense chips at the top almost disappeared below, and a highly dense long peak state appeared. This was an unparalleled and excellent great shift in the world. When the stock price broke through the long peak dense area below with heavy volume, it was an absolute success. Good buy.

5. In the same way, let’s take a look at how to transfer the low position to the high position. Leaving the bottom, the bottom peak does not move when pulling up, and the holding is waiting to rise (December 12, 2006, Figure 5)

6. The bottom peak moves slightly, but the stock price still rises, and the middle peak is still strong. You can still hold shares (May 11, 2007, Figure 6)

7. Most of the bottom peaks began to move upward, showing a delivery status (February 21, 2008, Figure 7)

When you can see these 7 combination pictures clearly, you will truly understand the meaning of moving chips, and you will no longer worry about when to advance or retreat, and your trading ability will naturally improve.

Everyone knows that only market stocks will have market trends and better returns can be obtained. So how to judge market makers? Chip distribution is of great significance in guiding actual combat.

1. Whether to sell or not is not the decision of retail investors. We often see that a certain stock has risen by more than 20, but the chips do not show any signs of loosening. That is to say, there is no obvious upward movement in the concentrated chips before the rise. This shows that not many chips still maintain a relatively stable mentality when making profits above 20, and do not sell, and the market holdings are very stable.

From this phenomenon, it can be preliminarily judged that the stock may be a market maker, because if the stock is mainly held by retail investors, then the chips will definitely loosen greatly when the profit is more than 20, and the intensive peak of chips at the bottom will increase with the stock price. Rise and move upward.

2. Whether to run away or not is the dealer’s sign. Corresponding to the above, in a large bull market, if a stock breaks down and drops by 20, but the chip-intensive area in the market does not move downward, and the holdings are stable, this also shows that there are hidden hidden meanings in the stock. The possibility of higher target main funds. When the stock price drops by more than 20%, retail investors are first fearful and rush to get rid of the stock. However, it must be said here that caution should be exercised in a bear market.

3. The low price rises and fluctuates widely, and the chips are concentrated sharply. This phenomenon is mostly the process of rapid opening of positions by main funds. The stock price was at a low level. In just a few days and a week or two, the chips quickly concentrated from the previous dispersed state to a certain corresponding price. It is difficult for ordinary retail investors to have such a large amount of funds to generate such a situation in a short period of time. Effect.

We can understand a truth from the chips: the stock market is full of traps, a place for wisdom contest, and a place with high technical content. If you don’t learn, it will be difficult to snatch food from the tiger’s mouth. If you don’t believe in technology, you will become a lamb to be slaughtered.