RE: Stan Weinstein's Stage Analysis
(2017-06-29, 11:27 PM)isatrader Wrote:(2017-06-29, 09:58 PM)GlobalCitizen Wrote: Thank you for elaborating. I see those indicators breaching the 30 and 70 lines. Is it preferable to see them between those 2 lines?
Think about the percentages of each and the direction of the percentages. Remember they show the long, medium and short term data of what's happening under the surface of the US market. So for example the markets are near to their highs still even with the pullback this week, but the amount of the stocks pushing those stocks higher has been stagnant or declining for a while now, so it's not a sign of a healthy market, as less stocks are supporting the Stage 2B. So suggests some caution at least imo.
Thank you for your time. I put this together with Stans book and now have a better understanding of the indicators he describes.