StockFetcher Forums · General Discussion · Stan Weinstein's Secrets For Profiting in Bull and Bear Markets<< 1 ... 3 4 5 6 7 ... 10 >>Post Follow-up
davesaint86
503 posts
msg #148513
Ignore davesaint86
modified
7/14/2019 1:39:43 PM

Just my opinion -
1. Make sure the overall US Market is in an uptrend
2. Only buy stocks where the relative strength is greater than the S&P 500. Also, is the sector that this stock in breaking out of stronger than the S&P 500? Plot out the support and resistance levels on the monthly and weekly charts. Use two different colors (between monthly and weekly)
3. Then - buy stocks coming out of a consolidation basing pattern where price is over the 30 week moving average (First check the monthly chart - make sure an upward trend has started?
4. If you can buy stocks where there is not a lot of overhead resistance nor no resistance close by - you want to buy stocks that have the highest probability of making the biggest gains
5. Sell when the stock closes below the 30 Week moving average

Here is an example of GLD (Monthly Chart). I'm showing this monthly chart instead of the weekly chart because it shows the big picture. The weekly would have triggered a sell signal earlier.

https://www.tradingview.com/x/LM5TDZEW/


ron22
145 posts
msg #148514
Ignore ron22
7/14/2019 2:16:24 PM

davesaint86, Thank you for your thorough and detailed reply. Members should consider applying criteria 1,2 & 4 to all of their filters.

Mactheriverrat
2,131 posts
msg #148517
Ignore Mactheriverrat
modified
7/14/2019 7:46:58 PM

Great monthly davesaint86

The weekly

Stage Analysis Screener

GLD




davesaint86
503 posts
msg #148519
Ignore davesaint86
7/14/2019 8:12:14 PM

Thank you very much Mac!

davesaint86
503 posts
msg #148520
Ignore davesaint86
modified
7/14/2019 8:37:45 PM

https://www.tradingview.com/x/LXbEAF5r/

Put in your watchlist for the future. Might be able to eventually get a 100% two year run like you see between the two red vertical lines.

Monthly - Plenty of resistance going up. One can still make money though.

https://www.tradingview.com/x/Dj8jRpUi/

nibor100
383 posts
msg #148575
Ignore nibor100
7/18/2019 3:28:09 PM

The used copy of the book finally arrived in this afternoon's mail and inside the front cover was an inscription made out to Ed signed by Stan Weinstein back in 1992. Who knows, the book may already worth the $5.50 I paid for it!

The reading/analysis begins....
Ed S.

shillllihs
4,662 posts
msg #148577
Ignore shillllihs
7/18/2019 6:34:42 PM

This goes up in a bull market and down in a bear market just like anything else. Now what.

Mactheriverrat
2,131 posts
msg #148578
Ignore Mactheriverrat
7/18/2019 8:31:23 PM

Now what?
You use it which ever way your trading.

You can even use it with your
UGAZ TQQQ KSS TMV GUSH.

Mactheriverrat
2,131 posts
msg #148707
Ignore Mactheriverrat
modified
7/27/2019 10:53:17 AM

Interesting book. Endless possibilities.

IMHO.

karennma
7,316 posts
msg #148713
Ignore karennma
7/29/2019 10:38:00 AM

The used copy of the book finally arrived in this afternoon's mail and inside the front cover was an inscription made out to Ed signed by Stan Weinstein back in 1992. Who knows, the book may already worth the $5.50 I paid for it!
The reading/analysis begins....
Ed S.
=====================
That's destiny!
$5.50 was cheap.
Where'd you get it?



StockFetcher Forums · General Discussion · Stan Weinstein's Secrets For Profiting in Bull and Bear Markets<< 1 ... 3 4 5 6 7 ... 10 >>Post Follow-up

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