[malaguti]

Attached is the weekly and monthly charts of the FTSE 100 (UKX), FTSE 250 (MCX), and the FTSE AIM All Share (AXX)

The AIM is outperforming in Stage 2, wheres the FTSE 250 is still holding onto Stage 2B, and the main FTSE 100 continues to under perform in the Stage 3 consolidation it's been stuck in for most of the last year.

Hi ISA, Weistein mentions in his book but never really expanded on how he uses monthly charts, other than he looks at each (inc daily) prior to making a decision
How have you interpreted this, and FTSE is a good example. Monthly is stage 2, weekly in stage 3.
Therefore any decline in FTSE to stage 4 on a weekly, will probably just be a retracement to the monthly 30MA. before possibly continuing.
would you be cautious then with a stage 4 weekly (should it arise) and wait for another stage 1 or maybe just use half position sizes?
if not, then what significance is the monthly to you?
apologies if this is a numpty question