LOST MOTION IN SPACE5 e' Z! S/ Z- I6 y' l0 w0 S
It is a well known fact in mechanics that it is impossible to make any kind of a machine that
# [) h% `! |! c2 T: [- j& O8 Uwill run without lost motion. Markets have a period of lost motion which amounts to between
! N l- d0 w& `5 d2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the6 Y# I3 ]) {5 l# {+ ~8 c
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they( i2 R: z" {# o! V1 n
will go higher or lower.
9 o0 Q& k+ s9 ]9 X# }When markets become extremely dull at low levels thru lack of buying power, which is the
5 f4 l6 q! q# U/ }' R$ x7 W9 asame as lack of energy, they may fail to reach extreme points indicated, which would be an0 I- r4 M& U/ C
indication of strength. The same would apply if they failed to reach main centers, showing* {# h0 T# P" w, u" p( H; P& g
weakness.2 Y$ e: `8 X* L) o7 S/ P5 ^$ c
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LOST MOTION IN TIME, k1 D6 ~4 [8 g% ?4 g# r
There is no such thing as slow motion in , but there is a transition period which amounts
9 M. d6 v4 \9 F( @" Dto the same thing as lost motion in space movements. This varies according to the major and( {- d9 w! U, B+ w2 z3 B0 _ a& Z( s2 n
minor 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
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[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |