RE: Stage Analysis Beginners Questions
(2021-05-29, 06:55 PM)Lebo44 Wrote: Interestingly, SCTR score puts more emphasis on the long-term (12-month RS) while IBD rank puts more emphasis on the short and mid-term (3-month and 6-month RS). But I don't think it will make much of a difference. Before I started using SCTR I was using my own indicator which was a simple combination of 3-month and 6-month RS (with weights of 60% and 40% respectively) while ignoring 12-month RS. But the ranks I got were very similar to SCTR. I don't know what conclusion we could draw from it
The key with the SCTR rankings is to not just focus on the strongest RS scores, but the groups that are strongly rising up the rankings on a 1 or 2 week basis. These are where you find the stocks, as you want to get into the leading stocks of the those groups while the groups are strengthening. As once they have a high score. The leaders are already obviously along way into their Stage 2 advances. This is a point that most people miss with the RS rankings. Strong groups can stay strong for a very long time. But to catch Stage 2A breakouts. You need to be looking for the next leading groups that are beginning to rise strongly and with multiple stocks in late Stage 1 or early Stage 2.
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.
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.