LOST MOTION IN SPACE/ T; v* |! b0 c0 n8 G8 m
It is a well known fact in mechanics that it is impossible to make any kind of a machine that2 M# `/ |; o2 o: a l
will run without lost motion. Markets have a period of lost motion which amounts to between
1 x* u( l5 }* P# J+ c% G2 and 2½ cents, which is taking up the slack. In other words, they will exceed the angle or the
* z: }+ i7 b9 j i9 |main center at extreme points by 2 to 2½ cents; if they make 3 cents beyond the angle they
% v+ @% S3 l& [2 r4 b8 Gwill go higher or lower., N: A. C' u% a
When markets become extremely dull at low levels thru lack of buying power, which is the
# m! [6 T! V, T0 V/ Qsame as lack of energy, they may fail to reach extreme points indicated, which would be an
9 _1 H% J1 q$ t6 P+ K& bindication of strength. The same would apply if they failed to reach main centers, showing5 o; r* J: c) i
weakness.: L5 Q3 n' \$ H8 h
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LOST MOTION IN TIME
. B/ \- T( w% b9 ^There is no such thing as slow motion in , but there is a transition period which amounts
( u" m9 k' x5 a: j- t% @, c( Y; mto the same thing as lost motion in space movements. This varies according to the major and( l6 \. }- a" W% }8 @% F- N
minor cycles from 1 to 3 cents above tops or bottoms, Geometrical angles or price resistance
# ^# V5 `/ I' {7 r& X) \% mlevels.
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+ k( A# t5 O7 K( O% _/ }期货教程第7章* H* a* P' K+ B3 V, S7 i4 F8 z
3 Q$ F) u$ ~+ g" [' X4 {! y0 J[ 本帖最后由 青争 于 2010-10-21 22:46 编辑 ] |