LOST MOTION IN SPACE
! _% W. v/ I- \! _; sIt is a well known fact in mechanics that it is impossible to make any kind of a machine that2 x# _/ Z" o6 ]/ k
will run without lost motion. Markets have a period of lost motion which amounts to between
/ _4 ^* i* G1 u I8 g0 q* U2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the2 U c! u9 ^ V h& e
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
W+ e P( D+ }4 B" |will go higher or lower.0 _2 z; K9 V3 j: C( {1 H# O
When markets become extremely dull at low levels thru lack of buying power, which is the
# Z3 O5 A7 D; ksame as lack of energy, they may fail to reach extreme points indicated, which would be an1 k/ ~( m( V2 u" s9 @$ p
indication of strength. The same would apply if they failed to reach main centers, showing- u# @1 y, Z6 T
weakness.
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2 |+ [' C) J$ ~LOST MOTION IN TIME, \; o# M) c& O2 f1 g8 H
There is no such thing as slow motion in , but there is a transition period which amounts
+ g3 C) y J2 w2 Sto the same thing as lost motion in space movements. This varies according to the major and
! n# F' u# ? K) \0 lminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance; \' R( M1 H9 s6 ^+ g* }
levels.) j% v7 u) k! ?6 c5 e( \# J
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( ]: W# O( X8 E" n) F' r1 }; w期货教程第7章) x" ], q5 B7 G* ^9 Z. \' V
6 v5 z8 z- @ R1 `, d[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |