[goodtyneguy]

Stage 1 - Basing Phase. May begin accumulation.
I don't recall this in the book, is it a refinement since the book was published and what's the set up and trigger to begin accumulation?

This is part of the newer definitions of the Stages taken from the Global Trend Alert Newsletter than Weinstein does for institutional investors. Unfortunately we don't have any additional specific information other than some passing comments in the recent interviews on the Financial Sense Newshour. Here's the link to the four interviews since November 2011 if you haven't heard them: https://www.financialsense.com/contribut...-weinstein

So there's no setup or trigger that was mentioned, only that longer term investors can start to average into positions once in a stable Stage 1 range. And also more aggressive traders are allowed to make short term plays within the broader range, but again we have no specific criteria for how you should play it.

In the absence of any further info I am giving this one a miss.

EDIT: On second thoughts, if I were looking for an investor position then choosing a stock in stage 1 paying a good dividend with a stop below the bottom of the base may be the way to go. Perhaps price holding above the 200 dma could be the trigger to start accumulating.