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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (43373)	5/17/1998 1:56:00 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

Firstly, it is generally accepted that there are 3 categories of trends. Short, Intermediate and Long. These range anywhere from intraday to secular trends which evolve over periods of as long as 20 years or more. The Long Term Trend is considered to be the Primary Trend. The topic of trend could fill up several threads by itself, so I don't wish to get too deeply into the discussion of it. Just glancing at the index to Edwards and McGee's book "Technical Analysis of Stock Trends" I noted that Primary Trend is mentioned in Chapters III, IV, V, XV, XXXVIII and is defined by the authors as ..a trend which lasts at least one year and shows a rise or decline of at least 20%. I only glanced at it because the book is heavy enough to keep a big door propped back and I like to keep that door open, so I had to put it back. Someone snatched my long-term chart books and probably will never remember to return them, so until they are replaced I will have to defer to the Yahoo! chart of the DJIA, where I would say the Primary Trend looks to have started in 1983. Once I get new chart books I can be more precise in my determination. However, because I cannot really be precise with the Yahootie chart I can only eyeball the Primary and presume it to be somewhere in the 5500 DJIA range. As for your other points, which I am certain have value, I have to take a pass until later. For some reason my wife got this bee in her bonnet that she is entitled to take some time off and it's up to me to handle the kids today. This makes no sense to me, as they are old enough to take care of themselves. They expect me to take them to the course however.....and I guess I just have to break down and go all the way back there and play another round of golf. I hope they have money to pay off their bets. Particularly the 9 year old. I usually can take him for a lot.