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CHAPTER V. 第五章 SENSITIVE POINTS. 敏感点 There are two great circles called the meridian and horizon, which are related to the longitude and latitude of a place, and stand at right angles to one another. The meridian is that great circle which, when one is standing with his face to the South, where the Sun is about noon, passes immediately overhead from North to South cutting the horizon at right angles. The horizon is that great circle which defines the limits of visibility. 有两个大圆叫做“子午圈”和“地平圈”，它们涉及到一个地点的经度和纬度，判断一个地点到另外一个点的位置。子午圈的意思是说太阳处于正午位置时一个人面南而立，从头顶由北向南将地平圈分为两半。地平圈是由天边可见范围定义。 The degree of the zodiac occupying the midheaven or meridian and that occupying the horizon, are sensitive points. It is found that the transits of the planets over these points are productive of very marked effects which influence the financial world to the greatest possible extent. 黄道12宫的度数占据了中天或天顶以及占据地平圈，都是敏感的位置点。已经发现当行星穿越通过这些点时将产生非常显著的影响，这种影响在程度范围深度广度上对金融领域是最大的。 It is a matter of empiricism as to what degree holds the meridian, and consequently the horizon of various places. The following list may be taken as the result of experience. 从大概的经验数据上关于那些处于天顶的什么样的角度和地平圈所对应的不同位置，下面的列表是经验数据。 Midheaven Ascend.上升中天 London… …Gemini 9o …Virgo 14o St. Petersburg …Cancer 9o …Libra 6o Paris … …Gemini 11o …Virgo 14o Tokyo … …Libra 29o …Capricorn 7o Berlin … …Gemini 22o …Virgo 24o New York …Pisces 24o …Cancer 14o Calcutta …Virgo 7o …Sagittarius 2o Bombay …Leo 22o …Scorpio 20o Sydney … …Scorpio 10o …Aquarius 16o Rome … …Gemini 22o …Virgo 23o Peking… …Libra 6o …Sagittarius 16o 北京 Cape Town …Gemini 27o …Virgo 25o It may be well to illustrate the working value of these observations, and I may take, therefore, one or two instances of the influence of transits of the major planets over these sensitive points of the zodiac. 举几个例子来说明这些观测可能效果更好，因此下面找两个例子来说明这些这些主要中天位置的行星通过这些黄道敏感点时的影响。 In the year 1896 the malefic planets Uranus and Saturn were both in transit over the 20o of Scorpio, which is the ascendant of Bombay, and there began a most disastrous outbreak of Bubonic Plague in the Presidency which utterly demoralized trade in that important commercial centre, and caused the deaths of many thousands of victims. The year 1894 found Saturn 29o Libra, which is the midheaven degree of Tokyo, and the Chino-Japanese War was then in full play, Mars and Saturn forming an opposition in Libra/Aries 28o. The Boer War was begun on Oct. 11th, 1899, and on that date we find Neptune in Pisces 27o, which is the midheaven of Cape Town. 在1896年，邪恶的行星天王星和土星都处于天蝎座20度的中天位置，这正是印度孟买的运道，在那里爆发了一个最大的黑死病淋巴腺鼠疫的流行，并使这个商业中心区的贸易受挫并出现萧条。并使数千受害者死亡。1894年发现土星在天秤座29度，这是东京的中天天顶经度，中日战争全面爆发，火星和土星在天秤和白羊28度形成一个对冲.1899年10月11日爆发了南非战争,而在哪天发现海王星在双鱼座27度,而这个位置正好处于开普顿的中天位置。 The Crimean War broke out on July 2nd, 1853, when Neptune was in 14o of Pisces, in exact opposition to the ascendant of the London horoscope. 克里米亚半岛战争爆发于1853年7月2日，海王星处于双鱼座14度，与伦敦的诞生星位的上升运道正好是对冲。 On January 25, 1855, the Crimea scandal was ventilated in Parliament, and the Government was defeated. Saturn was then in Gemini 9o, the midheaven of London! The Transvaal War, of 1880, began on December 18th, when Uranus was stationary in exact conjunction with London’s ascendant in Virgo 14o, and Mars in Sagittarius 9o, in direct opposition to the midheaven of London. 1855年1月25日,克里米亚丑闻在国会公开,政府被挫败。土星在双子座9度，伦敦的中天天顶。德兰士瓦省的布尔战争爆发在1880年12月18日，当时天王星驻留静止与处女座14度的伦敦上升运道重合，而火星在人马座9度，与伦敦的中天天顶对冲。 The Egyptian campaign and the fall of Khartoum, with the death of General Gordon, took place in 1884-5, when Saturn was in the midheaven of the horoscope of London, Saturn being in Gemini 9o in April, 1884. Gladstone’s horoscope shows Saturn in opposition to the midheaven of the London horoscope, while the map for the execution of King Charles I, published by William Lilly, shows Saturn in Gemini 9o. 埃及战役中苏丹首都喀土木的陷落，以及格顿将军的阵亡，发生在1884年5月，而当时土星处于伦敦诞生星位的天顶位置，土星于1884年4月处于双子座9度位置。格莱斯顿，威廉·尤尔特1809-1898英国政治领导人，曾作为自由党人四次担任首相（1868-1874、1880-1885、1886和1892-1894年）。他进行了教育和议会的改革并支持爱尔兰的自治。他的出生星位显示土星星位与伦敦出生星位的天顶对冲，而查里一世死亡星位图，显示土星在双子座9度。 A complete system of polarizations can be deduced, and the student of planetary influence will find that the great commercial centers of the world are influenced by the transit of major planets through the degrees occupying the midheaven and ascendant of the horoscopes, together with their oppositions, quadratures, trines and sextiles. It should be observed, however, that the stationary positions of the major planets in these degrees are far more effective than mere transits, and great crises always attend the stay of a planet in a sensitive degree, i.e. a degree occupying an angle of a horoscope. 从上述事例中可以推论出一个完整的两极化共振系统，而学习行星影响的研究者将发现世界的对主要商业贸易中心的影响来自于通过中天的主要行星占用其诞生星位图中天顶和上升位的角度，包括，对冲，矩形，三角形和六边形。这将被观测到，然而，主要行星在这些角度位置的驻留和静止所造成的影响远远大于它们穿过这些角度和位置，永远要留意一颗行星逗留在一个敏感角度位置所带来的巨大危险，这个角度也就是占用出生星图的一个角度位置。 CHAPTER VI 第六章 HOW TO INVEST 如何投资 Taking it for granted that the reader has thoroughly tested the foregoing principles and has found them to be true in substance and fact, let us suppose that he has money to invest. His primary object will be to find a market in which he can buy at the lowest price with a fair degree of security, an adequate interest, and an opportunity of selling out at an advantage. It is in this latter operation that he may look for his greatest profits. First of all he should enquire whether the security is well founded, and readily dealt in on the open market. This information he can get from any broker or bank. To buy cheaply he must find a market which responds to the sign through which Saturn last made transit. Having taken up his stock, he will hold it until after Jupiter has made his transit through the same sign. He can then sell at the highest price that is likely to be touched during the space of 12 years. 读者通过对先前的法则进行彻底的检验将发现认同这种物质的和事实上的真理，让我们假设他有一笔钱想要投资。他要做的事情是要找到一个可以买入的最低价格和一个伴随的相当不错的安全程度的证券品种，具有足够的收益预期，以及最后在一个上涨之后的卖出时机的把握。在这些操作之后他就期望得到收益最大化。首先要做的是他要询问证券是否有良好的建树，并很容易在开放市场里交易。这些信息可以通过银行或者代理人得到。要买到便宜的价格，他首先要找到一个土星刚穿过某个黄道符号并引起反应的市场。买它的股票，一直持有到在木星通过同样的黄道符号以后。他几乎可以卖到一个12年时间段中的最高价格。 It is necessary that before buying Stock, search should be made on the following points:
在买入一只股票前，仔细搜索并研究下面的要点是完全必须的： 1. 2. 3. He will then buy and hold until after Jupiter has made his transit of the sign and sell at the best price obtainable in the open market. Thus, he buys after the transit of Saturn, and sells after the transit of Jupiter. He thus buys at the lowest and sells at the highest, taking his dividends in the meantime. So that whether a man is a buyer or seller of stock he has only to keep his eye upon the major planets and the eclipses and thus secure the best results. He must look to Saturn chiefly for depressions of the market and to Jupiter for inflation, but always considering the paramount effect of eclipses. 他买入并持有到木星经过之后并可以卖到一个最好的价格。因此，在土星穿过之后买入，在木星穿过之后卖出。可以买在最低，卖在最高，期间还可以得到分红和股息。这样一个投资者是否是一个买家还是一个卖家就仅仅需要持续关注主要行星和日月食并得到最好最安全的结果。他只要知道土星是萧条的首要因素，木星是增长的首要因素，并永远关注日月食的影响。 CHAPTER VII 第七章 HOW TO AVERAGE 如何平均 +++++++++++++++++++++++++++++++++++++++++++++++++++++ Transcriber’s Note: Although this book is on the Gann recommended reading list, this chapter contains instructions on "averaging down," which run directly contrary to those of W. D. Gann and other market professionals. Gann writes in his 1936 book New Stock Trend Detector: 编者注：虽然这本书是江恩推荐书目录里面的，这一章包含了“摊平成本”的方法，这和江恩以及大多数职业投资人的说法刚好相反。江恩在其1936的著作里写到： "The price decline from 1929 to 1932 was so drastic because people who bought at high levels held on and hoped and bought more to average on the way down. They were wrong at the time they bought the first stock and continued to be wrong by bucking the trend and buying more to average, the worst thing that any trader can do. Remember, average your profits, but never average a loss." (p. 24, emphasis added) 从1929年到1932年的价格下跌是非常激烈的，因为人们在高位买入后一直持有并希望从下跌中摊平成本。他们在错误的时间买入一只股票并错误的在下跌过程中不断买入进行摊薄，这是交易中最糟糕的事情，记住，你可以平衡你的收益，但是永远不要去平衡你的损失。 +++++++++++++++++++++++++++++++++++++++++++++++++++++ The seven highest prices are then to be added together, as also the seven lowest prices. Each of these has then to be divided by the number of years to get the highest and lowest averages. The results are then added together and divided by two, which gives a true average, below which it is safe to buy under all normal conditions of the market. One or two examples will doubtless be of service: 7个最高价相加，7个最低价相加。，每个数字都用年数来除，得到最高最低的平均价。然后把最高平均和最低平均相加并除以2，就得到真实的平均价格。低于这个价格是安全买入位置。 |
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