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Short-term trends typically last 3 to 6 weeks, sometimes shorter and sometimes longer. They interrupt the course of the intermediate cycle, just as the intermediate-term trend in terrupts primary pri…
2(Intermediate) Anyone who has looked at prices on a chart will notice that they do not move in a straight line. A primary upswing is interrupted by several re actions along the way. These countercyc…
1(Primary) The primary trend generally lasts between 9 months and 2 years, and is a reflec tion of investors’ attitudes toward unfolding fundamentals in the business cycle. The business cycle extends…