RE: Stan Weinstein's Stage Analysis
(2014-10-19, 08:48 PM)pcabc Wrote: A trendline jumps out at me, but I cannot think of a plausible cause over such a long period.
If this line is not broken for a long time yet on a graph of this scale then happy days.
I wouldn't put too much in a trendline on that scale and on a logarithmic chart. I think the simple price action is enough on a quarterly scale, and hence if we apply Stage Analysis principles to it, then a continuation breakout like it shows is often retested before moving higher in earnest. So could we be seeing the beginnings of that currently? It's an interesting time in the market.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.