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Registered User
Joined: 12/23/2004
Posts: 1
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Hello,
please can you tell me what the approximate timespans are for the short, medium and long-term trends that Don refers to?
I am using your software to trade the indices and it would be very helpful to understand the daily reports in light of this.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I took this from a current Daily Worden Report:
IMPORTANT: The concepts of Primary, Intermediate and Minor trends emanate from Dow Theory.
For a discussion of trends, refer to The Worden Reports of June 13 , 14 and 15 2006. For further discussion of Dow Theory we recommend "Street Smart Chart Reading Vol. 2"Pages 35-39 by Don Worden, "The Dow Theory" by Robert Rhea, "The Stock Market Barometer" by William P. Hamilton, "The Technical Analysis of Stock Trends" by Edwards and Magee.
An earlier Daily Worden Report has some additional references that might be useful:
IMPORTANT: The concepts of Primary, Intermediate and Minor trends emanate from Dow Theory.
For a discussion of trends, refer to The Worden Reports of March 3 and 4 2005. For discussions on Trends in relation to the Trend Table, please read The Worden Reports of December 12, 19 and 21, 2005, and of January 4, 2006. Also please read "Street Smart Chart Reading - Vol. 2" - Pages 35-39 by Don Worden. We regard all this reading as imperative. Until you have done so, we can't understand your questions and you can't understand our answers.
"The Technical Analysis Course" by Thomas Meyers is recommended as a broad-based introduction to technical analysis for beginners and as a handy reference guide for all traders.
I do not have any additional information about this topic. Letters to Peter or Don Worden, including submissions to the knight program, may be so directed by sending them to support@worden.com.
-Bruce
Personal Criteria Formulas
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Registered User
Joined: 7/30/2007
Posts: 8
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Hi, I have a related question. I have read the Daily Worden Reports (June 13-15, 2006) that discuss trends however I cannot find any info about the terms (ie Price-Vol Up, Breadth Groupings etc) that DW constantly refers to. If there isn't a doc like this in your DB there really needs to be one that covers the main terms. Newbies need a basic starting point otherwise we drown in the sea of info here. I have read the Help topic about T2s Mkt Indicators but cannot connect them to the general terms DW uses in his daily reports. Any help would be greatly appeciated as I have searched your site and come up with nothing. Thank you.
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Administration
Joined: 9/30/2004
Posts: 9,187
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A stock can fall into one of four possible price-volume relationships on any given day:
Price Up/Voume Up
Price Down/Volume Up
Price Up/Volume Down
Price Down/Volume Down
Don is getting the counts for these four categories for various lists.
The Breadth groupings he refers to are lists that he's created himself, some of which are:
Major Industrial Sectors
Industrial Groups
Nasdaq-100
HalfPoint+ Movers
High Earnings Growth Stocks
High Revenue Growth Stocks
High Profile Tech and Internet Stocks
I don't have the complete list.
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Registered User
Joined: 7/30/2007
Posts: 8
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No, I am confused about what he is referring to. Your T2 indicators address the broad market (NYSE) but in the daily reports multiple price/vol relationships are cited (i.e. check yesterdays report - it cites a "head of the pack" and "runner up"...what is he referring to? Where do these relationships come from? And how does he come up with the number (1359 stocks) and (1256 stocks)?
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Administration
Joined: 9/30/2004
Posts: 9,187
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He uses PCFs to get counts of stocks that fall into each relationship:
Price Up,Voume Up = C > C1 and V > V1
Price Down,Volume Up = C < C1 and V > V1
Price Up,Volume Down = C > C1 and V < V1
Price Down,Volume Down = C < C1 and V < V1
If you create each of these PCFs, you can sort any list by them and get a count of the number of Trues for each condition.
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