(This post was last modified: 2013-05-05, 01:11 AM by isatrader.)
RE: Stan Weinstein's Stage Analysis - Discussion Thread
I am very surprised at his Amazon pick when he asserts on p238 to avoid stocks which may encounter a lot of support or resistance. Plus it's still contained in an upward channel.
He's ignoring his own advice to look for a minimum of double volume for trader break outs on AMAT
AMD looks good
and so does MTOR
EXPE does n't look a very good pick to me either for the same reason mentioned above with Amazon. In addition the rally back up to the BD level was on higher than average volume and the price has closed above the 200 dma, but what do I know.