LOST MOTION IN SPACE
- J: Z# p1 j, s J. p7 a7 TIt is a well known fact in mechanics that it is impossible to make any kind of a machine that
9 D! M' }) Z) ~- M4 V1 ^& E Ewill run without lost motion. Markets have a period of lost motion which amounts to between3 q% A; d0 Z9 F/ N. ]; E, X
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the0 P5 K4 D$ B# g* u, B' E; D$ g
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they; }$ A1 f5 A T5 [0 v2 u
will go higher or lower.
8 l4 o9 L A8 ^/ l, U/ LWhen markets become extremely dull at low levels thru lack of buying power, which is the7 L5 r1 y* v- c; d& X& a$ \: s w
same as lack of energy, they may fail to reach extreme points indicated, which would be an5 Y2 ~" @9 v+ h5 o- r) O8 ]
indication of strength. The same would apply if they failed to reach main centers, showing
4 l9 H: H- D, A; I: ^0 y0 yweakness.
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LOST MOTION IN TIME
/ l0 x1 N' A) v5 ^There is no such thing as slow motion in , but there is a transition period which amounts" T- [6 }2 l0 ?* Q, O
to the same thing as lost motion in space movements. This varies according to the major and
' Q- f" D$ K/ g2 uminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance% p, ?* u2 c. Y& I% {! R# v
levels.8 u t a1 F3 X0 ?
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期货教程第7章2 q9 G5 E1 ?: p! F4 U
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[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |