LOST MOTION IN SPACE/ V: A9 r0 [; B; C
It is a well known fact in mechanics that it is impossible to make any kind of a machine that. u3 `2 c% `+ R6 \! M
will run without lost motion. Markets have a period of lost motion which amounts to between( S* \# Y% ~8 ^2 G6 H2 U: x
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the; w7 p( y4 }6 t2 {4 f- p
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they; c9 Q% L! o8 C% u* `$ E/ P
will go higher or lower.& v! v; S9 c& z* X1 b
When markets become extremely dull at low levels thru lack of buying power, which is the4 }$ v- B$ E- l
same as lack of energy, they may fail to reach extreme points indicated, which would be an6 a* h" N+ S& h: m3 C
indication of strength. The same would apply if they failed to reach main centers, showing; N% N' {6 Y1 ~1 b# s# o. g
weakness.5 p& \' d c& S+ B% J7 ?
5 c. Q/ Q1 E3 X$ Q& |: P" o ALOST MOTION IN TIME# p$ o* j4 F: u& A
There is no such thing as slow motion in , but there is a transition period which amounts
# v8 h. l2 I1 t! j5 bto the same thing as lost motion in space movements. This varies according to the major and$ Z% U3 V( }; [; T3 d' ?
minor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
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x, Q R9 Z) v6 @. Q9 N期货教程第7章- y; O; v5 m9 {- d& c
1 B q( Z( {( S6 u, V[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |