Stan Weinstein's Stage Analysis

This is a discussion on Stan Weinstein's Stage Analysis within the Technical Analysis forums, part of the Methods category; Originally Posted by theblackmamba cool. thanks.. you did want someone to correspond with..hope i not going on toooooo much.... you ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 28, 2011, 3:13pm   #65
 
isatrader's Avatar
Joined Oct 2010
Re: Stan Weinstein's Stage Analysis

isatrader started this thread
Quote:
Originally Posted by theblackmamba View Post
cool. thanks.. you did want someone to correspond with..hope i not going on toooooo much....
you watching anything?
wopuld you agree ATK is similar to aml..on daily needs to clear 640, and on weekly about 1a?
No worries, it's good to talk to someone about it. Like I said it will help me focus and learn myself as I think you always learn better in an interactive manner. Although I do have to pop out for some physio in a bit, so will be offline after this for a few hours, as I have a broken collarbone at the moment.

Precious metals are my main focus at the moment. There's a short covering rally today across the board so I'm watching how they react at key resistance levels this week.

ATK.L does look similar to AML.L - the weekly is on the 30 week MA, but needs to have a good close above it to move into Stage 1A, as it's at the critical point where it can easily reverse to continue in Stage 4.

On the daily 640 looks a good level to clear, but look at the weekly as there's some strong resistance there from January's low, so that might take a while to overcome as the resistance is within the last year.

Relative strength and volume are more positive than AML.L though.
Attached Thumbnails
atk_weekly_25_11_11.png   atk_rs_weekly_25_11_11.png   supportserv_weekly_25_11_11.png  

__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline   Reply With Quote
Old Nov 28, 2011, 3:39pm   #66
 
isatrader's Avatar
Joined Oct 2010
Re: Stan Weinstein's Stage Analysis

isatrader started this thread I noticed both of your picks are stocks that have fallen hard like the market has and so have resistance to fight through still. A big component of the method relative performance versus the market. You want to buy strength and sell weakness, so I'll give you an example of one of my current trades to illustrate this. The market trend was down when I bought this, so it breaks the rules a bit, but I think it's a good example of a good relative strength stock breaking out and currently retesting the breakout level. It might fail because the market is still negative, but has potential to move higher because of the size of the base and lack of resistance above it.
Attached Thumbnails
rr_weekly_25_11_11.png   rr_rs_weekly_25_11_11.png   aerospace_weekly_25_11_11.png  

__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline   Reply With Quote
Old Nov 28, 2011, 4:03pm   #67
Joined Apr 2003
Re: Stan Weinstein's Stage Analysis

ouch. my mum broke her shoulder a 6 weeks ago, and they unable to even consider operation for another 6 weeks..
i can see why you bought rr. the other day.
Attached Thumbnails
rr..png  
theblackmamba is offline   Reply With Quote
Old Nov 28, 2011, 4:39pm   #68
Joined Apr 2003
Re: Stan Weinstein's Stage Analysis

what you think of this as a potential traders entrance... had a 4 then a pullback to 30wma.. now if starts falling dsay below 350 with stop above 383?
Attached Thumbnails
pmo.png  
theblackmamba is offline   Reply With Quote
Old Nov 28, 2011, 5:13pm   #69
Joined Apr 2003
Re: Stan Weinstein's Stage Analysis

good first and second entry with volume, rel strength shooting etc..
Attached Thumbnails
agq.png  
theblackmamba is offline   Reply With Quote
Old Nov 28, 2011, 5:22pm   #70
Joined Apr 2003
Re: Stan Weinstein's Stage Analysis

wat you think to ppc? on weekly broke out stage 1?, then pulled back, now looking to go off again.
only thing is breakout volume was low?
do you find uk volume on breakouts work? i must admit in all years i traded ive ignored it as there not a lot of it in general unlike usa shares
Attached Thumbnails
ppc1.png   ppc2.png  
theblackmamba is offline   Reply With Quote
Old Nov 28, 2011, 5:35pm   #71
 
isatrader's Avatar
Joined Oct 2010
Re: Stan Weinstein's Stage Analysis

isatrader started this thread
Quote:
Originally Posted by theblackmamba View Post
what you think of this as a potential traders entrance... had a 4 then a pullback to 30wma.. now if starts falling dsay below 350 with stop above 383?
It's an interesting one. The Oil & Gas Producers Sector is outperforming the market currently and has pulled back to support. PMO.L however, is under performing it's sector, but performing inline with the market - which is in a downtrend. On the daily the trendline support is around 345 and on the weekly there's a rising trendline at 320, so I'm not sure I'd personally take it as the risk reward ratio is only about 1:1 for a short term play unless you bring you stop in tighter above the daily 30 week MA around 365.

So it's a weak stock, in a strong sector, in a weak market. So I think the method would say pass, as the key is to only try and pick the A+ winners and avoid the mediocre ones. It might go down, but if you are using the method you'd want a weak stock, in a weak sector, in a weak market for shorting candidates I think.
Attached Thumbnails
pmo_weekly_25_11_11.png   pmo_rs_weekly_25_11_11.png   oil_gas_prod_weekly_25_11_11.png  

__________________
isatrader

Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill – Reminiscences of a Stock Operator.
isatrader is offline   Reply With Quote
Old Nov 28, 2011, 5:38pm   #72
Joined Apr 2003
Re: Stan Weinstein's Stage Analysis

not sure if it interests you, but have gone through about the top1000 uk shares this afternoon, and these are the ones i found interesting..

long aey aht aie arm avon bkg car cct cpp dia fenr ged hyr inppipr itm jlf pay phnx prv pure qq ror weir wtm.

short aal abc afr ashm bba bee blnd blt boy bram brby brwm bvic cbg ccc chw clln cne cpp cscg csrt dcg dia dtc dvo efm enq fcs fdsa fgp fum gpor gss has hfd hl hlma hmso hoc hri iem ihg imi inf ipf itrk jdw jmf kaz kmr lad land lse lsp mgcr mjw mks mpi mrc mul nex nii oml pmo rsl rsw safe sdl sgro shb sks smdr smin srp sthr stob sxs tem tmpl tpk utg vct wpp xar...
theblackmamba is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Article: Stage Analysis - finding the 'breakout' shares T2W Bot Educational Resources 9 Apr 19, 2013 8:09am
Stan Weinstein: secrets for profiting in bull and bear markets expensif Educational Resources 10 May 29, 2006 1:14pm
HSBA and STAN Anil Technical Analysis 1 Jan 25, 2001 10:23am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)