LOST MOTION IN SPACE) y: b( Y2 F2 q" H
It is a well known fact in mechanics that it is impossible to make any kind of a machine that* b! p$ y/ Z. G) o' v! b# D0 L2 i% w/ x
will run without lost motion. Markets have a period of lost motion which amounts to between* J/ \, z- w- V# p# o" [2 O; V
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the8 \* k$ \8 W* k- `6 Z% K5 z8 g7 k: g
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
) o- i% l2 K1 f, c5 Y g3 M1 B% Wwill go higher or lower.* f, k9 \8 l1 ~" E s
When markets become extremely dull at low levels thru lack of buying power, which is the: L$ O' @2 A6 p& }( b5 {
same as lack of energy, they may fail to reach extreme points indicated, which would be an' I# f$ j5 ~ C- }
indication of strength. The same would apply if they failed to reach main centers, showing
! m. e2 f4 g6 b+ Z1 c+ Eweakness.
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, X x7 `, {: e0 cLOST MOTION IN TIME
: ], B+ Y" d! o# c, KThere is no such thing as slow motion in , but there is a transition period which amounts6 w0 L- H" q1 G$ P. f- j5 m
to the same thing as lost motion in space movements. This varies according to the major and, w l* M2 N, @% d2 p5 o2 C0 Z0 B/ @
minor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
5 w6 f7 u; B" C( [: D6 e" _- p4 [levels.8 \$ N4 T' u4 Y# e, m/ k4 ?
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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 ] |