| Summary: | 碩士 === 義守大學 === 管理研究所碩士班 === 93 === China stock market scale is progressed by leaps and bounds which grows along with the economy. After continuing blooming development for many years, it gradually tends to mature completely, especially in recent years. Not only is each kind of financial commodity issued in the market, but the quality and quantity of the security correlation institutions also has the considerable progress; Moreover, the stock volume and stock price index repeatedly create the highest. And it is paid attention by the world advanced countries. Using the different viewpoints and analyzing some data, we can observe some phenomena and problems: First, the high ratio of retail investors, second, is over-speculation and third, unstable market.
This study is using the technical analysis on Shanghais 180 index in the China stock market to infer its validity and abnormal rate of returns. Besides, the study expects to help and offer the retail investor or the institutions a basis or a strategy to analyze the appropriate time to buy or sell. According to the study, it observes three main results:
1. The technical indexes and strategies are better than the buy & hold strategy obviously. But if considering the real situations and costs, its performance would be less than the rate of return for the time deposit.
2. The indexes combination’s strategies are not better than single index strategy. Instead, the single index strategy is better than the combination’s strategies, especially the Sig1.
3. The amount of transactions is not much and the period is during the big bear raid, so it causes the incomplete transactions in the some indexes. Therefore, some indexes don’t have any transaction.
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