RE: Beginners Questions
(2013-05-25, 09:47 AM)isatrader Wrote: In fact, some stocks skip the major stages as well, as for example you don't always get a Stage 1 base, as a sharp short covering rally can sometimes get momentum and just make a V shape bottom and move straight from Stage 4 into a Stage 2 advancing phase.
Thanks isatrader, does make sense but I have mistakenly been looking for the Stage 1 base on all the stocks but now that you have correctly explain, some stocks will form a V shape bottom and not necessary form that base.
(2013-05-25, 09:47 AM)isatrader Wrote: So think about the A and B stages in a different way. "A" is early in the Stage, and "B" is late in the Stage -
One thing I battle with is telling whether it is a Stage 2 or Stage 2B, when we say late in the stage, is there a certain upward trend period you use to define late?
RUTrading
"The more mechanical I've made my system and the less subject to judgments and emotions, the more profitable it has become." Stan Weinstein
"The more mechanical I've made my system and the less subject to judgments and emotions, the more profitable it has become." Stan Weinstein