《價值法則》----金融占星---3/5

06-01

CHAPTER V.

第五章

SENSITIVE POINTS.

敏感點

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.

有兩個大圓叫做「子午圈」和「地平圈」，它們涉及到一個地點的經度和緯度，判斷一個地點到另外一個點的位置。子午圈的意思是說太陽處於正午位置時一個人面南而立，從頭頂由北向南將地平圈分為兩半。地平圈是由天邊可見範圍定義。

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.

黃道12宮的度數佔據了中天或天頂以及佔據地平圈，都是敏感的位置點。已經發現當行星穿越通過這些點時將產生非常顯著的影響，這種影響在程度範圍深度廣度上對金融領域是最大的。

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.

從大概的經驗數據上關於那些處於天頂的什麼樣的角度和地平圈所對應的不同位置，下面的列表是經驗數據。

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 天秤座 人馬座

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.

舉幾個例子來說明這些觀測可能效果更好，因此下面找兩個例子來說明這些這些主要中天位置的行星通過這些黃道敏感點時的影響。

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. 11^th, 1899, and on that date we find Neptune in Pisces 27o, which is the midheaven of Cape Town.

在1896年，邪惡的行星天王星和土星都處於天蠍座20度的中天位置，這正是印度孟買的運道，在那裡爆發了一個最大的黑死病淋巴腺鼠疫的流行，並使這個商業中心區的貿易受挫並出現蕭條。並使數千受害者死亡。1894年發現土星在天秤座29度，這是東京的中天天頂經度，中日戰爭全面爆發，火星和土星在天秤和白羊28度形成一個對沖.1899年10月11日爆發了南非戰爭,而在哪天發現海王星在雙魚座27度,而這個位置正好處於開普頓的中天位置。

The Crimean War broke out on July 2^nd, 1853, when Neptune was in 14o of Pisces, in exact opposition to the ascendant of the London horoscope.

克里米亞半島戰爭爆發於1853年7月2日，海王星處於雙魚座14度，與倫敦的誕生星位的上升運道正好是對沖。

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 18^th, 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,克里米亞醜聞在國會公開,政府被挫敗。土星在雙子座9度，倫敦的中天天頂。德蘭士瓦省的布爾戰爭爆發在1880年12月18日，當時天王星駐留靜止與處女座14度的倫敦上升運道重合，而火星在人馬座9度，與倫敦的中天天頂對沖。

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.

埃及戰役中蘇丹首都喀土木的陷落，以及格頓將軍的陣亡，發生在1884年5月，而當時土星處於倫敦誕生星位的天頂位置，土星於1884年4月處於雙子座9度位置。格萊斯頓，威廉·尤爾特1809-1898英國政治領導人，曾作為自由黨人四次擔任首相（1868-1874、1880-1885、1886和1892-1894年）。他進行了教育和議會的改革並支持愛爾蘭的自治。他的出生星位顯示土星星位與倫敦出生星位的天頂對沖，而查里一世死亡星點陣圖，顯示土星在雙子座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.

從上述事例中可以推論出一個完整的兩極化共振系統，而學習行星影響的研究者將發現世界的對主要商業貿易中心的影響來自於通過中天的主要行星佔用其誕生星點陣圖中天頂和上升位的角度，包括，對沖，矩形，三角形和六邊形。這將被觀測到，然而，主要行星在這些角度位置的駐留和靜止所造成的影響遠遠大於它們穿過這些角度和位置，永遠要留意一顆行星逗留在一個敏感角度位置所帶來的巨大危險，這個角度也就是佔用出生星圖的一個角度位置。

CHAPTER VI

第六章

HOW TO INVEST

如何投資

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.

讀者通過對先前的法則進行徹底的檢驗將發現認同這種物質的和事實上的真理，讓我們假設他有一筆錢想要投資。他要做的事情是要找到一個可以買入的最低價格和一個伴隨的相當不錯的安全程度的證券品種，具有足夠的收益預期，以及最後在一個上漲之後的賣出時機的把握。在這些操作之後他就期望得到收益最大化。首先要做的是他要詢問證券是否有良好的建樹，並很容易在開放市場里交易。這些信息可以通過銀行或者代理人得到。要買到便宜的價格，他首先要找到一個土星剛穿過某個黃道符號並引起反應的市場。買它的股票，一直持有到在木星通過同樣的黃道符號以後。他幾乎可以賣到一個12年時間段中的最高價格。

It is necessary that before buying Stock, search should be made on the following points:

That no eclipses occur in the ruling sign of the stock during the period for which investment is proposed to be made.
That no transit of Saturn, Uranus or Neptune occurs in that sign during the period.
That Jupiter will pass through the sign during the period.

在買入一隻股票前，仔細搜索並研究下面的要點是完全必須的：

1. 在你預期想進行投資的時間段，這個市場所屬的黃道符號里沒出現日月食。

2. 沒有土星，天王星或者海王星通過這個符號。

3. 木星要在這個期間穿過這個符號。

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.

他買入並持有到木星經過之後並可以賣到一個最好的價格。因此，在土星穿過之後買入，在木星穿過之後賣出。可以買在最低，賣在最高，期間還可以得到分紅和股息。這樣一個投資者是否是一個買家還是一個賣家就僅僅需要持續關注主要行星和日月食並得到最好最安全的結果。他只要知道土星是蕭條的首要因素，木星是增長的首要因素，並永遠關注日月食的影響。

CHAPTER VII

第七章

HOW TO AVERAGE

如何平均

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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:

編者註：雖然這本書是江恩推薦書目錄裡面的，這一章包含了「攤平成本」的方法，這和江恩以及大多數職業投資人的說法剛好相反。江恩在其1936的著作里寫到：

"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)

從1929年到1932年的價格下跌是非常激烈的，因為人們在高位買入後一直持有並希望從下跌中攤平成本。他們在錯誤的時間買入一隻股票並錯誤的在下跌過程中不斷買入進行攤薄，這是交易中最糟糕的事情，記住，你可以平衡你的收益，但是永遠不要去平衡你的損失。

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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個最高價相加，7個最低價相加。，每個數字都用年數來除，得到最高最低的平均價。然後把最高平均和最低平均相加併除以2，就得到真實的平均價格。低於這個價格是安全買入位置。