The Exterior-Matrix Method (EMM) is applied to the in-plane dynamical equations of a shallow elastic catenary. The transfer matrices of the composite system are expanded so that asymptotic analysis can be done for the general case. The main idea is to find the 4-by-4 transfer matrices for each span of the cable system, and the transfer matrices for the joint, which could be an insulated pole. Then, by using the exterior matrices, the 6-by-6 matrices which correspond to the transfer matrices can be found. At first it seems surprising to use 6-by-6 matrices instead of the 4-by-4 transfer matrices, but with the exterior matrices, the determinant of the product need not be taken. This allows one to immediately take approximations of the matrices without worry that the highest-order terms will cancel. As a bonus to using the exterior matrices, an angle for the insulator will be allowed, which generalizes the work done by Simpson (Proc IEE 113 (5): [870][871][872][873][874][875][876][877][878] 1966). The practical use of this method is illustrated by finding the normal frequencies of a symmetrical 3-span system.