LOST MOTION IN SPACE
C. j2 ] H3 x( bIt is a well known fact in mechanics that it is impossible to make any kind of a machine that
: A; ^ A1 q9 `! e3 k; k: G0 Twill run without lost motion. Markets have a period of lost motion which amounts to between7 \# K1 K- I8 z) p9 U
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the6 ]! x( F C( c# N. Z4 D5 X: |
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
$ g$ n9 q3 P+ D+ C" j* Qwill go higher or lower.
3 e- {7 X. J; I# c$ ?" F" g5 [- BWhen markets become extremely dull at low levels thru lack of buying power, which is the
3 K: }' g$ `" o# E8 d! ysame as lack of energy, they may fail to reach extreme points indicated, which would be an
$ m! I8 x9 y: G- oindication of strength. The same would apply if they failed to reach main centers, showing a% d* e4 j$ D8 _2 p+ U! h. @% a
weakness.+ N$ \+ _& b2 E9 V8 D- r
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LOST MOTION IN TIME
0 {. I6 g0 O! u7 DThere is no such thing as slow motion in , but there is a transition period which amounts
) Z- F" b# z6 G, n9 u8 w1 j7 Eto the same thing as lost motion in space movements. This varies according to the major and
* G% F; c' Q, j4 o Q) a fminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance7 J) f6 E/ e% R' z0 J* G* E. g3 v1 u
levels.
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0 h! J Q2 F7 R! x- |期货教程第7章0 x2 O" V& G) e( [" }
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[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |