RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2021-06-12, 01:13 PM)isatrader Wrote: They are Investor method exit points. Trader method has always been get out much quicker and to sell into strength. Mostly at the 50 day MA break or valid trend line break (3 touch points) or even earlier on sign of a buying climax or market weakness.
Also where you highlighted is not an entry point for either of the Stage Analysis methods, as only a minor continuation with no base. The entry point for TSLA would have been on the 18th Nov for the trader method. So would have been between 50% to 90% trade depending on how you exited.
Yes, however, following the book the trader stop losses are still based on the 30 week MA, ie the 150 day MA. It does talk about getting out faster, but apart from the 150 day stop losses and discussion on trend lines the discussion it is more generalised discussion. So the point I failed to make well was that this would not work so well for a trader necessarily.
Yes, not a good continuation, so a point to watch out for.