Quote:It's a good question, but unfortunately there is no definite answer. In my Q&A with Weinstein recently he said: "I suggest doing secondary buying when a stock pulls back close to the breakout point, and you then see it stabilize near that level."

So it's a judgement call on whether you think the stock has stabilized and something for my list for us to explore on here. Personally, I tend to identify the area of support and then watch for a stock to make a new potential swing low in that area. I determine this by the stock making higher close and then closing the following day above the previous days high. i.e. it's stopped making lower highs and has made a higher high, as well as a higher close, and so has in the very short term at least stabilized a little. There are many other ways, but that's what I look for, as well as obviously watching what the broad market is doing, as it has very big effect on most stocks intra-day movements.

   

(2013-05-22, 11:03 PM)Locked in Wrote: Since the question just came up, I thought I would post this here- What do you guys think about a pullback entry. I'm not sure as it has already breached support..but, I like what you said ISA about waiting for a higher close tomorrow than today's high. I usually just play it by ear as watching the broad market as you said isa but generally pull the trigger without waiting for a definitive close above previous high. I haven't been around very long so it is nice to read that tip-

(2013-05-25, 05:21 AM)RUTrading Wrote: I have had this thought bothering me and so I am going to ask it. I understand we have Stage 1, 2, 3, 4 but does EVERY stock go through an A & B eg. 2A then 2 then 2B. Does a stock ever skip a phase? Like going from 1B to 2, skipping 2A.

(2013-05-25, 09:47 AM)isatrader Wrote: In fact, some stocks skip the major stages as well, as for example you don't always get a Stage 1 base, as a sharp short covering rally can sometimes get momentum and just make a V shape bottom and move straight from Stage 4 into a Stage 2 advancing phase.

(2013-05-25, 09:47 AM)isatrader Wrote: So think about the A and B stages in a different way. "A" is early in the Stage, and "B" is late in the Stage -

Quote:Q. In the GTA reports you have short descriptions of all the sub-stages, which weren't in the book. Is there anywhere we can get detailed information on the sub-stages from?

Also, the Stage 1 - Basing Phase. May begin accumulation has raised a few questions also. Like do you recommend someone using the investor method do any buying in Stage 1, and if so how to go about it? And the same question for people using the trader method, as I noticed in one of the interviews you mentioned that you recommended some trader buying even as early as Stage 4B- in some instances?

A. I really don't have detailed information on the sub stages that you ask about. It's somewhat of a gut feel (obviously when a stock is first breaking out of a base and moving into Stage 2, I label it Stage 2A (early in the advancing phase). And after it's been in that stage and becomes extended, I label it Stage 2B (late in the advancing phase). And if I just put a Stage 2 rating on the stock, theoretically, I feel that it's not yet ridiculously extended and is in the middle of its move (but again there are no hard and fast rules).

Quote:So using this example, I'd say your GREK etf hasn't given a buy-if candle yet, as it's still making lower closes, and first needs to make at least a higher close than the previous day.

I hope that makes sense, and is one fairly simple method. But I think it might be worth doing some swing trading entry research, as this is one of those grey areas that the book doesn't give any guidance on.

Quote:A. I suggest doing secondary buying when a stock pulls back close to the breakout point, and you then see it stabilize near that level.

(2013-05-25, 03:48 PM)Locked in Wrote: A. I really don’t have “detailed information” on the “sub stages” that you ask about. It’s somewhat of a “gut feel” . but again there are no “hard and fast” rules).