LOST MOTION IN SPACE# q/ r9 ^( ]0 s( T: b" C8 _
It is a well known fact in mechanics that it is impossible to make any kind of a machine that, [8 q$ x8 Z' T' Q, q$ [$ u: _
will run without lost motion. Markets have a period of lost motion which amounts to between
a8 n! O# B: ^ x2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the
8 e7 d3 k4 T$ a; i* S9 q7 {* Zmain center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they6 n- P6 p% E2 ]& j; U
will go higher or lower.( x# @6 [. Q" O+ t
When markets become extremely dull at low levels thru lack of buying power, which is the
# I9 `( ^% ^( D7 p/ A5 h& a, Q2 b' y( Asame as lack of energy, they may fail to reach extreme points indicated, which would be an% p4 y+ h; d0 n7 ~, i
indication of strength. The same would apply if they failed to reach main centers, showing# \3 s" S7 _* e- G6 a6 q4 l
weakness.
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W5 B |) ^, CLOST MOTION IN TIME
3 p+ }- L& E/ EThere is no such thing as slow motion in , but there is a transition period which amounts# G' m; y9 Q7 ^1 n
to the same thing as lost motion in space movements. This varies according to the major and
/ a) D( V1 T4 _# G% Q: b" Pminor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance3 V4 F* E2 M+ O# [3 {
levels.% R, c+ m6 z4 K, i
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期货教程第7章" r8 L, y$ k( T0 T/ W C: w/ b
8 n* K x$ W* W1 A( Q5 f[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |