LOST MOTION IN SPACE
2 f @- R+ i' ?6 D, t/ hIt is a well known fact in mechanics that it is impossible to make any kind of a machine that
& y4 W% D5 B' C* Bwill run without lost motion. Markets have a period of lost motion which amounts to between/ s0 X$ T7 Q; r! r7 \9 ]9 P
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the2 {5 x- ~4 ?0 C8 A! \
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they8 \0 D9 c$ I+ L6 g: U5 u
will go higher or lower.
( |" v5 H+ ?8 A. v" uWhen markets become extremely dull at low levels thru lack of buying power, which is the
; d% W7 U( j) L5 }7 u2 q6 [same as lack of energy, they may fail to reach extreme points indicated, which would be an' U. v3 z8 K* L% X% |
indication of strength. The same would apply if they failed to reach main centers, showing7 p5 M& W8 K" ~' R6 e- e
weakness.
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LOST MOTION IN TIME
# `/ P1 a" k; W, s; Y" SThere is no such thing as slow motion in , but there is a transition period which amounts
' q% ]1 a5 L7 w/ \8 Gto the same thing as lost motion in space movements. This varies according to the major and
! c: p H/ k" I2 B( bminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance. K2 ]1 M" a, o0 T" g" p. c
levels.$ v8 {5 g& m. Y( j S6 o* Y
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3 }) E( m! m8 @8 y期货教程第7章3 C1 N+ H8 F5 ~$ X. J
$ L3 |6 z, K- m# |7 _. w; t1 G[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |