LOST MOTION IN SPACE
It is a well known fact in mechanics that it is impossible to make any kind of a machine that
will run without lost motion. Markets have a period of lost motion which amounts to between
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
will go higher or lower.
When markets become extremely dull at low levels thru lack of buying power, which is the
same as lack of energy, they may fail to reach extreme points indicated, which would be an
indication of strength. The same would apply if they failed to reach main centers, showing
weakness.
LOST MOTION IN TIME
There is no such thing as slow motion in , but there is a transition period which amounts
to the same thing as lost motion in space movements. This varies according to the major and
minor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
levels.
期货教程第7章
[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |