LOST MOTION IN SPACE
- @- g# P: k# Z6 Q) N5 nIt is a well known fact in mechanics that it is impossible to make any kind of a machine that0 t, t: \4 o S! f) _
will run without lost motion. Markets have a period of lost motion which amounts to between0 ?9 S, Q) p5 H
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the8 I6 A. B- Q+ a. o
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they' t: \- P% u9 I6 F+ o! n' p+ \
will go higher or lower.* x( i4 x1 t. l+ L
When markets become extremely dull at low levels thru lack of buying power, which is the
) L: ^; U6 B" ksame as lack of energy, they may fail to reach extreme points indicated, which would be an
$ }- v$ i/ M) W X0 L/ I5 Windication of strength. The same would apply if they failed to reach main centers, showing
( ] Q% Y% c3 Rweakness./ s2 d5 P3 q: v& V
& Z0 C4 k/ n4 J9 S6 @& C8 gLOST MOTION IN TIME
$ x9 E1 \% ~9 P$ C: kThere is no such thing as slow motion in , but there is a transition period which amounts' K9 Q. Z) q4 o7 U
to the same thing as lost motion in space movements. This varies according to the major and
* }1 n$ h5 B; e( E% J8 Xminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
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期货教程第7章+ | z# P, a% n3 E# y
& v D1 W5 ]7 r5 j: r; w5 A' W[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |