Abstract: A method for the continuous preparation of a polyethylene having high strength and high modulus of elasticity is here disclosed which comprises the steps of mixing 100 parts by weight of an ultra-high-molecular-weight polyethylene powder having an intrinsic viscosity of 5 to 50 dl/g in decalin at 135.degree. C. with 2 to 50 parts by weight of a liquid organic compound having a boiling point higher than the melting point of the polyethylene, feeding the resulting mixture to between a pair of upper and lower endless belts facing each other, continuously compression-molding the mixture at a temperature less than the melting point of the mixture by pressing means disposed inside the endless belts, and rolling and then drawing the same.