RE: Stan Weinstein's Stage Analysis
(2016-02-27, 12:26 PM)pcabc Wrote: Hmm, is that a bull trap or are we getting hints of a change in direction?
Read the post on the previous page: http://stageanalysis.net/forum/showthrea...96#pid9696
Breadth is suggestive that we've put in a significant low imo. So have changed my stages rating to Stage 4B-, which is that we could have now seen the low for the cycle. It's a very tentative stage, and could easily reverse lower again and continue in Stage 4. But the breadth is giving multiple bull signals, and some of them are from the strongest position. So, although we are months and months off being in a potential position for doing anything for the investor method. The short term traders could initiate some cautious test buys in potential new leaders with the strongest patterns, as even if it's just another swing low in the Stage 4 downtrend, with the amount of positive breadth changes, theres a chance that it could be many months until the next down move imo. But there's also the chance that the bottom is in. No one ever knows until there's confirmation, but the breadth suggests some sort of low imo. So I'd give it a longer term neutral rating currrently and short term bull alert status. But expect volatility in either dirtection, as it's a volatile stage.
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.