RE: US Stocks Breakouts & Breakdowns - SP500, NYSE, & Nasdaq Stock Charts
wein.pdf (Size: 547.63 KB / Downloads: 363)
Re: Still no trigger to go long the stock market based on stage analysis.
Hi all,
I have missed the entire recent rally in stocks following Stan's method. If one is disciplined one will wait until the SPX breaks above a rising 30 EMA to start going long stocks. I wonder, would one go long some stocks if they are above a rising 30 ema now even if the SPX is not above a rising 30 EMA? Unless I misunderstood, Stan advised to start buying individual stocks only when the stock market was back above a rising 30 ema weekly.
I have scanned for myself stock market bottom (bull market) charts from Stan's book (attached) to remind me of when to start buying stocks. It does hurt having to wait for the market to break above a rising 30 EMA to start entering stocks when one sees such a huge rally as we saw recently where folks made more money in a week or two than many will make in a few years.
Thanks for your thoughts.