What is the trend? What is their amplitude usually? How long do they last?
Dow defines three concurrent trends (short-term trends, lasting from a few days to a few weeks; Medium term trend, lasting from weeks to months; Long-term trend, lasting from months to years)
I grouped the historical price movements of the Dow Jones Industrial Average and the Dow Jones Transportation (railroad) index, logged their magnitude (the percentage of price action relative to a previous high or low) and duration (the number of days in which the price action continued), and plotted the statistical distribution.
Based on Rhea's classification (and some of my corrections), I divide moves into major moves (long or short markets), intermediate major moves (a major move between two secondary retractions), intermediate secondary correction moves (important intermediate moves against the major moves), Add in other, less important categories (the most difficult part of the program is distinguishing minor retractions from minor countermoves).
Content from the Theory of Professional Speculation
It's never too late to dream
01
When it comes to love, if you think about pride, there can only be one reason: you actually love yourself the most.
02
I've been living an ordinary life with all my might.
03
A man must do two things every day that he dislikes in order to keep his soul at peace.
04
God's mill works slowly, but it is finely ground.
05
Feelings have reasons beyond the comprehension of reason.
06
Ordinary people are not what they want to be, but what they have to be.
07
Meanness and greatness, malice and goodness, hatred and love can be mutually exclusive and coexist in the same heart.
08
What is art? Art is an expression of emotion, and art speaks a language that everyone can understand.
09
The most important ingredient of love is tenderness.
From the Moon and Sixpence
Dow defines three concurrent trends (short-term trends, lasting from a few days to a few weeks; Medium term trend, lasting from weeks to months; Long-term trend, lasting from months to years)
I grouped the historical price movements of the Dow Jones Industrial Average and the Dow Jones Transportation (railroad) index, logged their magnitude (the percentage of price action relative to a previous high or low) and duration (the number of days in which the price action continued), and plotted the statistical distribution.
Based on Rhea's classification (and some of my corrections), I divide moves into major moves (long or short markets), intermediate major moves (a major move between two secondary retractions), intermediate secondary correction moves (important intermediate moves against the major moves), Add in other, less important categories (the most difficult part of the program is distinguishing minor retractions from minor countermoves).
Content from the Theory of Professional Speculation
It's never too late to dream
01
When it comes to love, if you think about pride, there can only be one reason: you actually love yourself the most.
02
I've been living an ordinary life with all my might.
03
A man must do two things every day that he dislikes in order to keep his soul at peace.
04
God's mill works slowly, but it is finely ground.
05
Feelings have reasons beyond the comprehension of reason.
06
Ordinary people are not what they want to be, but what they have to be.
07
Meanness and greatness, malice and goodness, hatred and love can be mutually exclusive and coexist in the same heart.
08
What is art? Art is an expression of emotion, and art speaks a language that everyone can understand.
09
The most important ingredient of love is tenderness.
From the Moon and Sixpence
