(2014-02-12, 09:53 AM)MalcolmSm1th Wrote: Thanks for these.

Allocate Software (ALL) looks very interesting. On my charting application I can see Directors' Dealings and there's a cluster of SEVEN Director sales on the previous high (November 2013).

The sales co-incided, or caused, the share price to fall from 115 pence down to 96p.

The share price then recovered and has just exceeded the point where the directors sold a total of three million pounds worth of shares last autumn.

Whether this makes this particular even stronger because the stock recovered despite of these sales or that we may see a sell off here as people getting in at 115 may want to get out 'at evens'.

I know that everything is in the Tale of the Tape but this is the tale of the recent high and subsequent pull back in the tape and I thought that this may be of interest to the board.

- Malc

(2014-02-12, 09:53 AM)MalcolmSm1th Wrote: Thanks for these.

Allocate Software (ALL) looks very interesting. On my charting application I can see Directors' Dealings and there's a cluster of SEVEN Director sales on the previous high (November 2013).

The sales co-incided, or caused, the share price to fall from 115 pence down to 96p.

The share price then recovered and has just exceeded the point where the directors sold a total of three million pounds worth of shares last autumn.

Whether this makes this particular even stronger because the stock recovered despite of these sales or that we may see a sell off here as people getting in at 115 may want to get out 'at evens'.

I know that everything is in the Tale of the Tape but this is the tale of the recent high and subsequent pull back in the tape and I thought that this may be of interest to the board.

- Malc

(2014-02-11, 09:48 PM)isatrader Wrote: Today's additions to the watchlist - AXS.L (two year base breakout, see monthly chart for clearer view), ALL.L (potential continuation move), STVG.L (potential continuation move).

(2014-02-11, 09:48 PM)isatrader Wrote: Today's additions to the watchlist - AXS.L (two year base breakout, see monthly chart for clearer view), ALL.L (potential continuation move), STVG.L (potential continuation move).

(2014-02-12, 05:31 PM)malaguti Wrote: Hi ISA, I'm very new to Weinsteins method but been a long term admirer from the T2W thread. A question on some of your watchlist, and I go back to Weinstein's book and something he doesn't explicitly say but strongly hints that you wouldn't consider a buy unless the overall market AND the sector were in alignment.
You might argue that the FTSE100 and 300 are in a phase 3 (A)?
Whats your view on this, or is the sector more than enough for you?

thanks

(2014-02-12, 05:31 PM)malaguti Wrote: Hi ISA, I'm very new to Weinsteins method but been a long term admirer from the T2W thread. A question on some of your watchlist, and I go back to Weinstein's book and something he doesn't explicitly say but strongly hints that you wouldn't consider a buy unless the overall market AND the sector were in alignment.
You might argue that the FTSE100 and 300 are in a phase 3 (A)?
Whats your view on this, or is the sector more than enough for you?

thanks

(2014-02-12, 05:50 PM)isatrader Wrote:

(2014-02-12, 05:31 PM)malaguti Wrote: Hi ISA, I'm very new to Weinsteins method but been a long term admirer from the T2W thread. A question on some of your watchlist, and I go back to Weinstein's book and something he doesn't explicitly say but strongly hints that you wouldn't consider a buy unless the overall market AND the sector were in alignment.
You might argue that the FTSE100 and 300 are in a phase 3 (A)?
Whats your view on this, or is the sector more than enough for you?

thanks

Hi malaguti, good to see you on here. In answer to your question, you are correct that you should generally only be looking to go long when the market and sector are in Stages 1 and 2 and should avoid when they are in Stages 3 and 4, except for in exceptional circumstances when a stock is showing A+ characteristics.

With regards to the UK market specifically, the FTSE 100 is in Stage 3, which would make you want to avoid the large caps, however the FTSE 250 is in Stage 2B still and the AIM is much earlier in Stage 2, and so you'll probably have noticed from the majority of the watchlist stocks on here recently that they have mostly been small caps and AIM stocks and only the occasional large cap that's showing exceptional relative strength and volume.

I view the sector part of the method as a secondary consideration as like the indexes it's an average of the stocks and so lags early in the Stage 2 move. For example when a sector recovers and breakouts into early Stage 2A, the leaders in the sector will have already broken out into Stage 2 weeks or months before, and they are the stocks we are most interested in, and so I tend make sure the broad market overall trend is ok, using the weight of evidence from the market breadth data, and then find stocks with the characteristics that we are looking for i.e. price pattern, volume, relative performance and no near term resistance, and then look at the sector later on when I do deeper research on a stock that I find interesting, as the sector part is more of a confirmation I find and gives you confidence to add to your position as it progresses through a Stage 2 advance. But that's just my preference after years of working with the method as as an investor I'm looking to get into moves early in Stage 2A, whereas the traders are more interested in continuation moves already in Stage 2, and so can wait for sector confirmation.

With regards to the watchlist stocks that I post each day on here. All I'm looking for is to highlight the stocks that are showing the characteristics that we look for in the stocks themselves at or near breakout points, so that members can then do deeper research themselves, and have the information available for all three parts of the method - i.e. checking the major charts that I update weekly in the Stan Weinstein Stage Analysis Thread. Then in the same thread I also post the relative performance tables for the FTSE 350 sectors, so that they can check the sector strength as well.

So I've tried to made the site so that we have everything necessary for the method in one place and can share ideas and help each other learn.

I hope that helps.

(2014-02-12, 05:50 PM)isatrader Wrote:

(2014-02-12, 05:31 PM)malaguti Wrote: Hi ISA, I'm very new to Weinsteins method but been a long term admirer from the T2W thread. A question on some of your watchlist, and I go back to Weinstein's book and something he doesn't explicitly say but strongly hints that you wouldn't consider a buy unless the overall market AND the sector were in alignment.
You might argue that the FTSE100 and 300 are in a phase 3 (A)?
Whats your view on this, or is the sector more than enough for you?

thanks

Hi malaguti, good to see you on here. In answer to your question, you are correct that you should generally only be looking to go long when the market and sector are in Stages 1 and 2 and should avoid when they are in Stages 3 and 4, except for in exceptional circumstances when a stock is showing A+ characteristics.

With regards to the UK market specifically, the FTSE 100 is in Stage 3, which would make you want to avoid the large caps, however the FTSE 250 is in Stage 2B still and the AIM is much earlier in Stage 2, and so you'll probably have noticed from the majority of the watchlist stocks on here recently that they have mostly been small caps and AIM stocks and only the occasional large cap that's showing exceptional relative strength and volume.

I view the sector part of the method as a secondary consideration as like the indexes it's an average of the stocks and so lags early in the Stage 2 move. For example when a sector recovers and breakouts into early Stage 2A, the leaders in the sector will have already broken out into Stage 2 weeks or months before, and they are the stocks we are most interested in, and so I tend make sure the broad market overall trend is ok, using the weight of evidence from the market breadth data, and then find stocks with the characteristics that we are looking for i.e. price pattern, volume, relative performance and no near term resistance, and then look at the sector later on when I do deeper research on a stock that I find interesting, as the sector part is more of a confirmation I find and gives you confidence to add to your position as it progresses through a Stage 2 advance. But that's just my preference after years of working with the method as as an investor I'm looking to get into moves early in Stage 2A, whereas the traders are more interested in continuation moves already in Stage 2, and so can wait for sector confirmation.

With regards to the watchlist stocks that I post each day on here. All I'm looking for is to highlight the stocks that are showing the characteristics that we look for in the stocks themselves at or near breakout points, so that members can then do deeper research themselves, and have the information available for all three parts of the method - i.e. checking the major charts that I update weekly in the Stan Weinstein Stage Analysis Thread. Then in the same thread I also post the relative performance tables for the FTSE 350 sectors, so that they can check the sector strength as well.

So I've tried to made the site so that we have everything necessary for the method in one place and can share ideas and help each other learn.

I hope that helps.