RE: Stage Analysis Beginners Questions
Hi, I apologise if this has been asked before (though I can't seem to find any previous posts on this). I'd like to ask about the "forest for the trees" method which Stan Weinstein advocates.
He says, first, go through the charts for each sector and pick the one/s which are favourable (eg, the sector whose chart is breaking out of Stage 1 into Stage 2).
Next, and this is the part which I am unsure of, we should go through the charts for each industry in this sector? For example, if the sector is Healthcare, we have to go through the charts for the sub-industries in Healthcare such as Biotechnology, Pharmaceuticals, Medical Equipments, etc etc and then pick the sub-industry or industries with the best chart action?
And from here, we then go through each stock within the selected sub-industry, right, and pick the best stock with the best chart action?
My question is: where can we find all these charts for the sub-industries? Is there a resource which we can go to?
Thank you in advance for your advice. It's much appreciated.
**Keep up the great work, by the way!