LOST MOTION IN SPACE
( w. R" d- N( |It is a well known fact in mechanics that it is impossible to make any kind of a machine that" A& `2 o/ f7 u( E- [' w8 J
will run without lost motion. Markets have a period of lost motion which amounts to between+ h# y- h* K) W W
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the
8 u4 Q1 @5 ]" V$ A; v. Smain center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
! q2 ? ~' U: b, Q( W4 r8 U5 Iwill go higher or lower.
+ S, y, ]6 ?* i. o3 ZWhen markets become extremely dull at low levels thru lack of buying power, which is the
, J" l- y2 O8 e% k1 T9 J) Z Tsame as lack of energy, they may fail to reach extreme points indicated, which would be an3 t9 T5 Q% e/ B# P5 p6 V
indication of strength. The same would apply if they failed to reach main centers, showing
9 g8 \1 T" Y% S: Rweakness.
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LOST MOTION IN TIME
6 M1 K! a# [$ a/ }There is no such thing as slow motion in , but there is a transition period which amounts
# P8 _. T& W6 S: Bto the same thing as lost motion in space movements. This varies according to the major and
( X9 F) H1 o" K6 K* U; R# Y$ j' Dminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
Q/ a! F$ F* y% l: o# Olevels.
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期货教程第7章
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[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |