LOST MOTION IN SPACE
0 @, A" J9 ~1 ]2 @- GIt is a well known fact in mechanics that it is impossible to make any kind of a machine that( k7 A6 t7 F* W* d5 \" ]
will run without lost motion. Markets have a period of lost motion which amounts to between; K# K: I/ \- L# M$ ?' L/ \2 Z
2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the( E* B5 x! F M4 o
main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
8 x$ @4 J: M$ L9 {will go higher or lower.
' d( ^" }1 x1 x* s4 PWhen markets become extremely dull at low levels thru lack of buying power, which is the
$ s4 X4 X/ @* T" K9 ^same as lack of energy, they may fail to reach extreme points indicated, which would be an
$ s- L& o, x6 _ U1 s# Jindication of strength. The same would apply if they failed to reach main centers, showing3 p1 p) e- f9 b& ^- ~3 y8 N# n
weakness.& X* e2 E3 e# v4 ]- I" p3 X
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LOST MOTION IN TIME' n: X6 b, s7 D3 A0 m! D
There is no such thing as slow motion in , but there is a transition period which amounts# w3 f- o4 ~; [% N
to the same thing as lost motion in space movements. This varies according to the major and
/ z& G9 E; n& C( [9 V. t5 wminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance9 [# E8 U+ Y# s# y S: z7 G$ F
levels.
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3 s% J5 D5 ?8 P) j5 H2 i期货教程第7章& A7 Y9 G4 U) E! i$ \
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[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |