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Hello Wofgang,
Please find an .eml-file(Att.) with an explanation I send to Lionel and the List before.
In brief(by Basic TA):
short=short term= +/- 0-6 months
mediate=median term= 6 months - 2years
long=longer term=+/- 2-100 years(generaly 2 - 5/10 years)
minor=High/Low/peak/bottom in a Trend/Rally/Move/Swing , in importance not 100% ,
lasting appr. +/- 0-6 months
median=High/Low/peak/bottom in a Trend/Rally , in signifigance +/- 100% , lasting +/- 6-24 months
major=High/Low/peak/bottom in a Trend , in signifigance >100% , lasting +/- 1-100 years
The "Dow Jones Trend"-theory I am not familliar with, care to explain?, I guess you mean the next.
The above mentioned terms are strongly related and are addiontions to Charles Dow's
Dow-theory(part Basics). Dow, THE inventor, counts for 3 Trends:
Primary,Secondary and Minor Trends.
But, as he had to miss out on having a computer, "forgot" the(part Basics):
Mediate(Median)Term and Aging(Major)Long Term
all useable in Elliott's WAVE-Counts(part Basics) as well.
To get this on "paper" you had me dugging into the books(part Basics) again.
For instance, for easy reference:
see page 116-121, the Dow Theory , in "Technical Analyzis from A-Z" by S. Achelis(part Basics).
(Also downloadable from Equis's web-site www.equis.com , look for this book's "digital-copy"
version).
According to Dow's theory, "the Transports" should now be the chart to watch for TREND-confirmation:
1-its 3380-3400 level MUST HOLD for Dow's Theory "to be a VALID change of trend"(Uptrend):
The Averages(Industrials+Transports) MUST confirm each other
2-both out-breaked former HIGHS, with Transports reversing(Pull Back) and Industrials climing
3-if this fails we've had a False Move and NOT a start of a new uptend(Primary,Secundairy,MTU,LTU).
4-its chart is STRONGLY weakening, reflected by its Basic-indicators(part Basics) in short-mid-long
term's perspectives(see Att. .GIF's)
In my opinion 4(and others of my analysis) will confirm 3 and also my "analysing the
markets-perspective"(as set out below).
Regards,
Ton Maas.
anthmaas@xxxxxx
-----Oorspronkelijk bericht-----
Van: Wolfgang Lauer <Wolfgang.Lauer@xxxxxxxxxxx>
Aan: A.J. Maas <anthmaas@xxxxxx>
Datum: zaterdag 28 februari 1998 23:30
Onderwerp: Re: Nested Triangle
>Dear A.J.,
>
>I like you analysis of the market. Hence I would like to understand you
>acronyms "STU-MinorHIGH Feb/Mrch98" and "LTU-MajorHIGH". I guess "STU"
>means short term up "LTU" long term up?
>If I guessed right, the question remains, what exactely you mean by
>long/short and major/minor. Is that based on Elliot waves, Dow Jones
>Trend or something else? At least your formulations suggest that you
>mean something formal, not only a qualitative issue.
>
>Regards,
>
>Wolfgang
>
>
>A.J. Maas wrote:
>>
>>
>> In 1 month is a bit difficult, as you probably experienced yourselves.
>> But ok, my theory as follows(by Basic TA):
>> -first the markets STU-MinorHIGH Feb/Mrch98
>> -then 50% corrections of the STU(uptrend sinceNov97-LOW)
>> -then markets STU+LTU-MajorHIGH May98(but Feb/Mrch98-MinorHIGH
>> could have proven by then to be the LTU-MajorHIGH as well-remember the
>> basic TA's Pull Back-theory)
>> -then again corrections 50% of the STU(uptrend since Apr98-LOW and
>> as well as the Minor Uptr since Nov97-LOW)
>> -then a Pull Back(Jul/Aug98) and a Failure(to pass previous HIGH-May98)
>> and start of 50% corrections of LTU-since Break-away1995 wich could last
>> well into 1999.
>>
>> Hope this answers your quests, for ref see charts of Dow prev posted to List.
>
>
>
From: "A.J. Maas" <anthmaas@xxxxxx>
To: "Lionel Issen" <lissen@xxxxxxxxxxxxxxxx>
Subject: Re: Nested Triangle
Date: Fri, 27 Feb 1998 01:07:35 +0100
Message-ID: <01bd4313$b5116e60$LocalHost@xxxxx>
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