关键词: 局部Hurst指数, 预警, 中国股市, 股市大跌

Abstract: This paper, according to the closing price of compositive indexes in Shanghai and Shenzhen Stock Markets, introducing the idea of local Hurst index, verifies that the tendency of local Hurst index of the closing price of compositive index conforms to the law of continually falling before crash, and also the puts forward the following points of view: the time between the beginning of the "continually falling" and the end of crash is over two weeks and maybe there is a short interval between the end of falling an..

Key words: localHurstindex, foreshow, Chinesestockmarket, crashofstockmarket