RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2020-04-29, 03:46 PM)malaguti Wrote:Thanks Malaguti, you are 100% correct.(2020-04-29, 03:25 PM)marry123 Wrote: This is the big weakness with the stage analysis method after a market crash, having to wait and watch stocks go up 50-75%+ waiting for the S+P to get over the 30 MA weekly. My worry now is that it makes it over the 30 MA weekly as more and more get bullish then it takes the next leg lower which would mean the smart money bought in March on extremely oversold indicators and made huge returns while stage analysis folks who follow the Weinstein method religiously sit and continue to wait and then risk buying right before the next leg lower (if there is to be a next leg lower).
Hi Marry, I'd reiterate what ISA has just mentioned
if you look at other markets you should be seeing Bonds, Gilts and gold all doing exceptionally well which isn't surprising as equities stumble the more defensive side of your portfolio should be in play whilst the equity markets catch up.
I see technology (Nasdaq) sector in stage 1
diversification is key in my opinion