(This post was last modified: 2014-05-10, 04:06 PM by Tryst.)
RE: Stan Weinstein's Stage Analysis
Thanks, isatrader. You can see that when the zero line is crossed it indicators the start (there or there abouts) of a new bull/bear market.
Ok, I can see that these are long term indicators, as they do trigger quite some time after true market bottoms/tops.
In one of the Financial Sense Stan Weinstein interviews (can't remember which one) he states that in March/April 2009 it was clear that a market bottom was in as 'all the ducks was lined up' (to quote his words). What indicators would you say Weinstein uses to highlight potential market bottoms?
I suppose the summation index (NYSI) could be one of these as it could indicate a bullish divergence by putting in a higher low while the indexes still moves lower (but other indicators should confirm a bottom, whatever indicators they are). indicating the breath of the market was strengthening.