{"id":49500,"date":"2019-09-30T22:45:59","date_gmt":"2019-09-30T19:45:59","guid":{"rendered":"http:\/\/shemtov1.com\/?p=49500"},"modified":"2019-10-01T22:53:53","modified_gmt":"2019-10-01T19:53:53","slug":"%d7%a0%d7%a7%d7%95%d7%93%d7%aa-%d7%a4%d7%99%d7%91%d7%95%d7%98-%d7%94%d7%99%d7%a4%d7%95%d7%9a-%d7%9e%d7%92%d7%9e%d7%94","status":"publish","type":"post","link":"https:\/\/shemtov1.com\/?p=49500","title":{"rendered":"\u05e0\u05e7\u05d5\u05d3\u05ea \u05e4\u05d9\u05d1\u05d5\u05d8 \u05d4\u05d9\u05e4\u05d5\u05da \u05de\u05d2\u05de\u05d4"},"content":{"rendered":"

\u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05e4\u05d9\u05d1\u05d5\u05d8 \u05dc\u05d4\u05d9\u05e4\u05d5\u05da \u05d4\u05de\u05d2\u05de\u05d4 \u05d0\u05d9\u05e0\u05d4 \u05de\u05d5\u05d2\u05d3\u05e8\u05ea \u05d1\u05e7\u05dc\u05d5\u05ea. \u05d6\u05d4\u05d5 \u05e9\u05d9\u05e0\u05d5\u05d9 \u05d1\u05db\u05d9\u05d5\u05d5\u05df \u05d4\u05e9\u05d5\u05e7 \u05d4\u05d1\u05e1\u05d9\u05e1\u05d9, \u05d4\u05d6\u05de\u05df \u05d4\u05e4\u05e1\u05d9\u05db\u05d5\u05dc\u05d5\u05d2\u05d9 \u05d4\u05de\u05d5\u05e9\u05dc\u05dd \u05d1\u05ea\u05d7\u05d9\u05dc\u05ea \u05de\u05d4\u05dc\u05da \u05d7\u05d3\u05e9, \u05e9\u05d9\u05e0\u05d5\u05d9 \u05d4\u05de\u05d2\u05de\u05d4 \u05d4\u05d1\u05e1\u05d9\u05e1\u05d9\u05ea.<\/p>\n

\u05de\u05d1\u05d7\u05d9\u05e0\u05ea \u05e1\u05d2\u05e0\u05d5\u05df \u05d4\u05de\u05e1\u05d7\u05e8, \u05dc\u05d0 \u05de\u05e9\u05e0\u05d4 \u05d0\u05dd \u05d6\u05d4 \u05d1\u05ea\u05d7\u05ea\u05d9\u05ea \u05d0\u05d5 \u05d1\u05d7\u05dc\u05e7 \u05d4\u05e2\u05dc\u05d9\u05d5\u05df \u05e9\u05dc \u05de\u05d4\u05dc\u05da \u05ea\u05e0\u05d5\u05e2\u05d4 \u05d0\u05e8\u05d5\u05da \u05d8\u05d5\u05d5\u05d7. \u05d4\u05d3\u05d1\u05e8 \u05d4\u05d7\u05d9\u05d5\u05e0\u05d9 \u05dc\u05d4\u05d1\u05e0\u05ea \u05d8\u05db\u05e0\u05d9\u05e7\u05d4 \u05d6\u05d5 \u05d4\u05d5\u05d0 \u05e9\u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05de\u05e4\u05e0\u05d4, \u05d4\u05d4\u05d9\u05e4\u05d5\u05da, \u05de\u05e1\u05de\u05e0\u05ea \u05e9\u05d9\u05e0\u05d5\u05d9 \u05db\u05d9\u05d5\u05d5\u05df \u05de\u05d5\u05d2\u05d3\u05e8. "\u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05e4\u05d9\u05d1\u05d5\u05d8 \u05d4\u05de\u05ea\u05de\u05e9\u05db\u05ea" \u05e8\u05e7 \u05de\u05d0\u05e9\u05e8\u05ea \u05d0\u05ea \u05d4\u05de\u05d4\u05dc\u05da.<\/p>\n

\u05e1\u05d9\u05de\u05df \u05e0\u05e7\u05d5\u05d3\u05ea \u05e4\u05d9\u05d1\u05d5\u05d8 \u05d4\u05d9\u05e4\u05d5\u05da \u05d4\u05de\u05d2\u05de\u05d4 \u05de\u05d1\u05d7\u05d9\u05e0\u05ea \u05d6\u05de\u05df \u05d4\u05de\u05e1\u05d7\u05e8 \u05d4\u05d0\u05d5\u05e4\u05d8\u05d9\u05de\u05dc\u05d9<\/span><\/p>\n

\u05e0\u05e7\u05d5\u05d3\u05d5\u05ea \u05e4\u05d9\u05d1\u05d5\u05d8 \u05e9\u05dc \u05d4\u05d9\u05e4\u05d5\u05da \u05de\u05d2\u05de\u05d4 \u05db\u05de\u05e2\u05d8 \u05ea\u05de\u05d9\u05d3 \u05d1\u05e2\u05dc\u05d9\u05d9\u05d4 \u05de\u05e9\u05de\u05e2\u05d5\u05ea\u05d9\u05ea \u05d1\u05e0\u05e4\u05d7 \u05d4\u05de\u05e1\u05d7\u05e8, \u05e9\u05d9\u05d0 \u05e7\u05e0\u05d9\u05d9\u05d4, \u05e9\u05de\u05ea\u05de\u05d5\u05d3\u05d3 \u05e2\u05dd \u05de\u05d8\u05d7 \u05d4\u05de\u05db\u05d9\u05e8\u05d4, \u05d0\u05d5 \u05dc\u05d4\u05e4\u05da. \u05d4\u05e7\u05e8\u05d1 \u05d4\u05d6\u05d4, \u05d4\u05de\u05dc\u05d7\u05de\u05d4 \u05d4\u05d6\u05d5 \u05d1\u05d9\u05df \u05d4\u05e7\u05d5\u05e0\u05d9\u05dd \u05d5\u05de\u05d5\u05db\u05e8\u05d9\u05dd, \u05d2\u05d5\u05e8\u05dd \u05dc\u05de\u05e0\u05d9\u05d4 \u05dc\u05d4\u05e4\u05d5\u05da \u05d0\u05ea \u05db\u05d9\u05d5\u05d5\u05df \u05d4\u05ea\u05e0\u05d5\u05e2\u05d4, \u05dc\u05e8\u05d3\u05ea \u05de\u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05e9\u05d9\u05d0 \u05d0\u05d5 \u05dc\u05e2\u05dc\u05d5\u05ea \u05de\u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05e9\u05e4\u05dc. \u05d6\u05d5 \u05d4\u05ea\u05d7\u05dc\u05d4 \u05e9\u05dc \u05db\u05d9\u05d5\u05d5\u05df \u05d7\u05d3\u05e9 \u05d1\u05de\u05d2\u05de\u05d4 \u05e2\u05d1\u05d5\u05e8 \u05d4\u05de\u05e0\u05d9\u05d4. \u05de\u05d7\u05d6\u05d5\u05e8\u05d9 \u05d4\u05de\u05e1\u05d7\u05e8 \u05dc\u05e2\u05ea\u05d9\u05dd \u05e7\u05e8\u05d5\u05d1\u05d5\u05ea \u05de\u05e1\u05d9\u05d9\u05de\u05d9\u05dd \u05d0\u05ea \u05d4\u05d9\u05d5\u05dd \u05e2\u05dd \u05e2\u05dc\u05d9\u05d9\u05d4 \u05e9\u05dc 100 \u05e2\u05d3 500 \u05d0\u05d7\u05d5\u05d6 \u05d1\u05e0\u05e4\u05d7 \u05d4\u05d9\u05d5\u05de\u05d9 \u05d4\u05de\u05de\u05d5\u05e6\u05e2.<\/p>\n

\u05e0\u05e7\u05d5\u05d3\u05d5\u05ea \u05d4\u05e4\u05d9\u05d1\u05d5\u05d8 \u05e9\u05dc \u05d4\u05d9\u05e4\u05d5\u05da \u05de\u05d2\u05de\u05d4 \u05de\u05d5\u05e4\u05d9\u05e2\u05d5\u05ea \u05d1\u05d3\u05e8\u05da \u05db\u05dc\u05dc \u05dc\u05d0\u05d7\u05e8 \u05de\u05d4\u05dc\u05db\u05d9\u05dd \u05de\u05d2\u05de\u05ea\u05d9\u05d9\u05dd \u05d0\u05e8\u05d5\u05db\u05d9 \u05d8\u05d5\u05d5\u05d7. \u05d6\u05d5 \u05d0\u05d7\u05ea \u05d4\u05e1\u05d9\u05d1\u05d5\u05ea \u05e9\u05e1\u05d1\u05dc\u05e0\u05d5\u05ea \u05d4\u05db\u05e8\u05d7\u05d9\u05ea \u05dc\u05d4\u05e6\u05dc\u05d7\u05d4 \u05d1\u05ea\u05e4\u05d9\u05e1\u05ea \u05d4\u05de\u05d4\u05dc\u05db\u05d9\u05dd \u05d4\u05d2\u05d3\u05d5\u05dc\u05d9\u05dd. \u05e6\u05e8\u05d9\u05da \u05e1\u05d1\u05dc\u05e0\u05d5\u05ea \u05db\u05d3\u05d9 \u05dc\u05d4\u05d9\u05d5\u05ea \u05d1\u05d8\u05d5\u05d7 \u05e9\u05d6\u05d9\u05d4\u05d9\u05ea \u05d0\u05ea \u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05e4\u05d9\u05d1\u05d5\u05d8 \u05e9\u05dc \u05d4\u05d9\u05e4\u05d5\u05da \u05d4\u05de\u05d2\u05de\u05d4 \u05e9\u05dc \u05de\u05e0\u05d9\u05d4.<\/p>\n

\u05de\u05d1\u05d7\u05df: \u05d9\u05e9 \u05dc\u05e7\u05e0\u05d5\u05ea \u05d0\u05d7\u05d5\u05d6 \u05e7\u05d8\u05df \u05de\u05d4\u05e4\u05d5\u05d6\u05d9\u05e6\u05d9\u05d4 \u05e9\u05d1\u05e1\u05d5\u05e4\u05d5 \u05e9\u05dc \u05d3\u05d1\u05e8 \u05e7\u05d5\u05d1\u05e2 \u05d0\u05dd \u05dc\u05d4\u05de\u05e9\u05d9\u05da. \u05d0\u05d7\u05e8 \u05db\u05da, \u05dc\u05d1\u05d3\u05d5\u05e7 \u05d2\u05dd \u05d0\u05ea \u05db\u05dc \u05e7\u05d1\u05d5\u05e6\u05ea \u05d4\u05e2\u05e0\u05e3, \u05d0\u05d5 \u05dc\u05e4\u05d7\u05d5\u05ea \u05de\u05e0\u05d9\u05d4 \u05d0\u05d7\u05e8\u05ea \u05d1\u05e7\u05d1\u05d5\u05e6\u05d4, \u05db\u05d3\u05d9 \u05dc\u05d1\u05d3\u05d5\u05e7 \u05d0\u05dd \u05d9\u05e9 \u05dc\u05d4 \u05d0\u05ea \u05d0\u05d5\u05ea\u05d5 \u05d3\u05e4\u05d5\u05e1. \u05d6\u05d4 \u05db\u05dc \u05d4\u05d0\u05d9\u05e9\u05d5\u05e8 \u05e9\u05e6\u05e8\u05d9\u05da.<\/p>\n

The reversal pivotal point is not easily defined. In my mind, it is a change in basic market direction, the perfect psychological time at the beginning of a new move, a change in the basic trend.
\nFor my style of trading, it did not matter if it was at the bottom or the top of a long-term trending move. The essential thing to understand about this technique is that the reversal pivotal point marks a definite change in direction. The continuation pivotal point only confirms the move.<\/p>\n

\u201cThe reversal pivotal point flags for me the optimum trading time. Reversal pivotal points are almost always accompanied by a heavy increase in volume, a climax of buying, which is met with a barrage of selling, or vice versa. This battle, this war between buyers and sellers, causes the stock to reverse its direction, to top out, or to bottom out in a decline. It is the start of a new direction in trend for the stock.
\nThese confirming volume spurts often end the day with a 100 to 500 percent increase in the average daily volume.
\n\u201cI have noticed that these reversal pivotal points usually come after long-term trending moves. This is one of the reasons why I always felt that patience was so necessary for success in catching the big moves. \u201cYou definitely need patience to be sure that you have identified the reversal pivotal point of a stock.<\/p>\n

I developed tests. First of all, I would send out a probe\u2014I would buy a small percentage of the position I would eventually establish if I were correct with the first trade. I also checked the entire industry group, or at least one other stock in the group, to see if it had the same pattern. This was all the confirmation I needed.<\/p>\n

\"\"<\/p>\n
* \u05d0\u05d9\u05d5\u05e8 11.1 \u05de\u05e6\u05d9\u05d2 \u05e9\u05ea\u05d9 \u05e0\u05e7\u05d5\u05d3\u05d5\u05ea \u05e4\u05d9\u05d1\u05d5\u05d8 \u05d4\u05d9\u05e4\u05d5\u05da \u05de\u05d2\u05de\u05d4 \u05d1\u05e8\u05d5\u05e8\u05d5\u05ea \u05e9\u05e0\u05e2\u05e9\u05d5 \u05e2\u05dc \u05d9\u05d3\u05d9 Schlumberger, \u05d7\u05d1\u05e8\u05ea \u05e7\u05d9\u05d3\u05d5\u05d7 \u05d5\u05e9\u05d9\u05e8\u05d5\u05ea \u05e0\u05e4\u05d8. \u05d4\u05e0\u05e7\u05d5\u05d3\u05d4 \u05d4\u05e8\u05d0\u05e9\u05d5\u05e0\u05d4 \u05d1\u05e1\u05d5\u05e3 1997, \u05d4\u05d5\u05d1\u05d9\u05dc\u05d4 \u05dc\u05d9\u05e8\u05d9\u05d3\u05ea \u05de\u05d7\u05d9\u05e8, \u05d5\u05d4\u05e9\u05e0\u05d9\u05d4, \u05d1\u05e1\u05d5\u05e3 1998, \u05d4\u05d5\u05d1\u05d9\u05dc\u05d4 \u05dc\u05e2\u05dc\u05d9\u05d9\u05ea \u05de\u05d7\u05d9\u05e8.<\/div>\n

*Figure 11.1 shows two clear reversal pivotal points made by Schlumberger, an oil drilling and service company. The first, in late 1997, led to a decline in price, and the second, at the end of 1998, led to an increase in price. The company also formed a continuation pivotal point in mid-1998 when it hit $86, confirming the descent\u2014in this case, to $40 near the end of 1998.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u05e0\u05e7\u05d5\u05d3\u05ea \u05d4\u05e4\u05d9\u05d1\u05d5\u05d8 \u05dc\u05d4\u05d9\u05e4\u05d5\u05da \u05d4\u05de\u05d2\u05de\u05d4 \u05d0\u05d9\u05e0\u05d4 \u05de\u05d5\u05d2\u05d3\u05e8\u05ea \u05d1\u05e7\u05dc\u05d5\u05ea. \u05d6\u05d4\u05d5 \u05e9\u05d9\u05e0\u05d5\u05d9 \u05d1\u05db\u05d9\u05d5\u05d5\u05df \u05d4\u05e9\u05d5\u05e7 \u05d4\u05d1\u05e1\u05d9\u05e1\u05d9, \u05d4\u05d6\u05de\u05df \u05d4\u05e4\u05e1\u05d9\u05db\u05d5\u05dc\u05d5\u05d2\u05d9 \u05d4\u05de\u05d5\u05e9\u05dc\u05dd \u05d1\u05ea\u05d7\u05d9\u05dc\u05ea \u05de\u05d4\u05dc\u05da \u05d7\u05d3\u05e9, \u05e9\u05d9\u05e0\u05d5\u05d9 \u05d4\u05de\u05d2\u05de\u05d4 \u05d4\u05d1\u05e1\u05d9\u05e1\u05d9\u05ea. \u05de\u05d1\u05d7\u05d9\u05e0\u05ea \u05e1\u05d2\u05e0\u05d5\u05df \u05d4\u05de\u05e1\u05d7\u05e8, \u05dc\u05d0 \u05de\u05e9\u05e0\u05d4 \u05d0\u05dd \u05d6\u05d4 \u05d1\u05ea\u05d7\u05ea\u05d9\u05ea \u05d0\u05d5<\/p>\n","protected":false},"author":4,"featured_media":49501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40817,40804,40802,40801],"tags":[41456,41457,41454,41453,41455,41223],"class_list":["post-49500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-40817","category-40804","category-40802","category-40801","tag-41456","tag-41457","tag-41454","tag-41453","tag-41455","tag-41223"],"_links":{"self":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/posts\/49500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49500"}],"version-history":[{"count":0,"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/posts\/49500\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=\/wp\/v2\/media\/49501"}],"wp:attachment":[{"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shemtov1.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}