LOST MOTION IN SPACE3 J; N; i( O; a& g
It is a well known fact in mechanics that it is impossible to make any kind of a machine that D" m, L: o$ v+ {
will run without lost motion. Markets have a period of lost motion which amounts to between- U ^% A) Y% v/ \2 b* x6 I0 ?
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the# A/ y: @5 F$ i8 r5 v% c7 D
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they# x4 u, _9 \; M, q8 \7 [ Z0 ]
will go higher or lower.
2 a O, } [% n. ?$ w* KWhen markets become extremely dull at low levels thru lack of buying power, which is the
7 |3 ~- _+ F0 m4 c2 V) d) F' j9 Jsame as lack of energy, they may fail to reach extreme points indicated, which would be an& ^; p: S* Y- o% c) f
indication of strength. The same would apply if they failed to reach main centers, showing
, m! w/ n; v6 o" [weakness.
% z& y( ~( [3 l) ~) a! L8 l# \+ g$ _! E. D# r) x
LOST MOTION IN TIME
- Z! e% T% E; D7 w) ?There is no such thing as slow motion in , but there is a transition period which amounts
0 R3 j- ^) Q% X @to the same thing as lost motion in space movements. This varies according to the major and
- C2 G8 k+ I% Z5 X& h5 bminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
& N1 X+ V2 F( b8 I. ulevels.# n2 x1 Z2 o: v% s, ?: S
" s9 q6 z' P4 P( K3 |% z- v! q
9 t d4 ]5 ^) O3 A" T期货教程第7章
n/ B2 U8 K- U0 |( y2 j* ]! W/ d; e; x4 \1 ^
[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |