LOST MOTION IN SPACE) C- R# [; N* W @% o- t5 J. f( X
It is a well known fact in mechanics that it is impossible to make any kind of a machine that7 F; M* G% e" k* ?. c
will run without lost motion. Markets have a period of lost motion which amounts to between6 [5 o/ b6 y- W, U
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the6 A' B! ]: o$ K, S! O" H" Z, A4 |
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they; D1 q2 J4 O- M3 z5 ]- u. C9 r
will go higher or lower.
9 _( K, W' K' [2 r! @$ o, d' rWhen markets become extremely dull at low levels thru lack of buying power, which is the! S+ v: \5 X+ ]" K% J
same as lack of energy, they may fail to reach extreme points indicated, which would be an
/ }" R% f) y u. j7 D' Gindication of strength. The same would apply if they failed to reach main centers, showing' C! o3 k4 V9 J
weakness.# H/ S: \' u7 Y# y& d0 R& x
, T; U5 n( o( W* VLOST MOTION IN TIME8 u: j) T: s* a9 z
There is no such thing as slow motion in , but there is a transition period which amounts
+ X, a2 N8 ^2 Z; e" Z( Bto the same thing as lost motion in space movements. This varies according to the major and- b8 T* a6 @3 `3 P3 X m& n
minor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
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! }0 w" J4 @4 {2 t" `8 f期货教程第7章: E9 [! |+ }. z4 H3 ]
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[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |