[isatrader]

Some follow up questions: when bringing the monthly chart into this, does this then only apply to the stocks in the main indexes (say up to the FTSE350) as some of the volatile sectors, like the precious metals, oilers even, you could miss the stage 2A breakouts as the monthly 30MA is still way above the breakout price?

I would apply it to all stocks no matter the volatility as it goes to the quality of the breakout. i.e. if the weekly Stage 2A breakout occurs well below the 30 month MA then it's it means it has much more resistance to work through, and hence is missing one of the key requirements of the method, so you'd probably want to avoid it as an investor due to the opportunity costs, but it could still be a possibility for a shorter term trader.

I guess what I state above can also be applied to sharp downward bear markets like that of 2008/2009. If you look at the monthly PRV chart you posted when the breakout of a stage 1 occurred back towards the end of 2010 the monthly 30MA was downward sloping, but the price broke out to move above the monthly 30MA. So is the direction of the Monthly 30MA less important, just that the price needs to be above it when the stock is attempting a stage 2A breakout? (and the reverse for a 4A breakdown)

The slope of the monthly MA doesn't matter as it's a very long term MA, but will most likely be sloping downwards when the weekly is trying to breakout into Stage 2A, as price is usually only just recovering above the 30 month MA for the first time in many years.