RE: Stage Analysis Beginners Questions
(2019-12-02, 09:55 AM)isatrader Wrote:(2019-12-02, 07:55 AM)stanhao Wrote: Hello, stan weinstein only has Stage 1, Stage 2, Stage 3, Stage 4; why are you divided into Stage 1A, Stage 1, Stage 1B, Stage 2A, Stage 2, Stage 2B, Stage 3A, Stage 3, Stage 3B, Stage 4A, Stage 4, Stage 4B? I have never understood such a complicated price segment zoning. Can I have a more detailed chart?
Hi stanhao, the sub stages were added to the method by Stan Weinstein in his Global Trend Alert service after the book was written.
It's not complicated, and Stan said in an interview that there are no hard and fast rules with the A an B stages. They simply just give a way to show when a stock is Early in that Stage or Late in that Stage. So I find that they give additional context to where a stock is in its cycle, as for example a stock in Stage 2A will have only just recently broken out into Stage 2. So you would say that it is early in Stage 2, and hence would get a Stage 2A rating. Whereas a stock that has been in a Stage 2 advance for nearly a year, with multiple significant pullbacks towards the 30 week moving average would be labelled as Stage 2B, as remember from the book, Stan considers long term as 12 months, as so if a stock has been in Stage 2 for most of year, then the probabilities are, that it's getting late in that Stage.
I hope that helps, and below is the full definitions from his Global Trend Alert service.
Definitions of the Stages and Sub-stages
Stage 1A Start of a base. Needs much more time.
Stage 1 Basing Phase. May begin accumulation.
Stage 1B Late in base-building phase. Watch for breakout.
Stage 2A Early in uptrend stage. Ideal time to buy aggressively.
Stage 2 Advancing Stage.
Stage 2B Getting late in uptrend.
Stage 3A Looks as if a top is starting to form. Be sure to protect holdings with a close stop.
Stage 3 The Top Area. Start to reduce positions.
Stage 3B Has become increasingly toppy. Use rallies for at least partial selling.
Stage 4A Stock has entered Downtrend Stage. Close out remaining positions.
Stage 4 The Declining Stage. Avoid on the long side.
Stage 4B Late in downtrend. Much too soon to consider buying.
Stage 4B- Although not yet 'officially' in Stage 1A, stock has now seen its low for the cycle.
Additional ratings
(A) Early in that Stage.
(B) Late in that Stage.
(+) Outstanding pattern in that Stage.
(–) Unexciting pattern in that Stage.
Hello there! Are Mansfield chart services and global trend alerts still running? Can I find his URL on the webpage? Can you write code to pick the stock that Stan Weinstein chose? Is there this code and method? Although I have 5 years of stock market learning experience, I have not mastered Stan Weinstein's method. At the same time, is Stan Weinstein alive? I can't find his information on the Internet. Can you tell me?