Comments on: Comparison Of Bear Markets: Weinstein Stage Analysis

by: wai

Thu, 22 Oct 2009 12:48:21 +0000

It,s excellent ! But I have problem writing RS ( relative sttrength) in metastock. As follow the fomular in page 108 : Price xyz/price of the market average , i got all positive value. Does anyone know how to write this formular correctly ? Thanks in advance.

wai.

by: Mike H

Mon, 17 Aug 2009 16:37:25 +0000

I am a devout follower of Stan Weinstein’s principles as outlined in his book ‘Secrets for Profiting in Bull and Bear Markets”. Do you know of any stock screening software, which may be available, to create a scan for the following?:

- price breaking above 30 week moving average.

- find a way to scan for stocks breaking out from a basing period (with IncredibleCharts I can use a crossover of 14 day ADX above the 20 within the last trading day to get some results).

- volume at least double the previous month’s average

- RSI as defined by Stan (stock’s price relative to the market).

Thanks for any assistance you can provide.

by: chris

Tue, 12 May 2009 04:35:22 +0000

Why are we comparing 2001 to 2008? This recession is WAY WAY WORSE THAN 2001 !!

We should be comparing apples with apples……the ONLY recession that is comparable to the current one….is the Great Depression….

This recession is gonna last easily another 3-4 years and the next BULL run will only come in 5-10years time….

There will be a new bottom…..the bottom of which is around 3000 or less for the DOW

by: Babak

Tue, 28 Apr 2009 05:02:30 +0000

colin, you’re right but I don’t think it really matters whether we’re looking at 150 or 200. The important thing is the overall picture and the other variables - like sentiment - that we bring to bear on the issue. Also, it is important to be consistent. Just choose one you prefer and stick to it. Finally, Weinstein doesn’t use cross-overs but rather relies on their slope. Each moving average has its use, the short/intermediate term (from a swing trading pov) and the long term.

by: colin

Sun, 26 Apr 2009 20:30:42 +0000

Hi Babak
I see you use a 200ma and 50ma, but Stan uses a 30wk ma (and 10wk ma ,which admittedly is 50 days).

Just wondering why you use a 200ma. Alos he just uses one at a time ,not both ie crossovers.

Intested to hear your reasoning.

thx
colin

by: jeremy

Fri, 17 Apr 2009 17:44:48 +0000

Babak, as long as we keep having positive suprises, earnings, G20, Libor down, VIX down, i think peoples enthusiasm to not miss the bottom will i think over-ride sentiment, but once the momentum stops, reality will strike.

by: Babak

Fri, 17 Apr 2009 16:59:29 +0000

jeremy, just saw this, honestly with the way things are going now I would be really surprised to see an April 2003 scenario unfold where we just barrel ahead, and damn the overbought technicals, the sentiment, the overhead resistance etc.

by: jeremy

Sat, 04 Apr 2009 18:43:37 +0000

Babak, would you say such a comparison indicates that the current rally will continue, to say SP500 900, BEFORE CAPITUALTION and possible retest of the lows as the market realizes that the E of the PE won’t bounce back soon?

by: Babak

Fri, 03 Apr 2009 23:20:50 +0000

Thanks guys.

christopher, that’s unbelievable! time to buy a lottery ticket

by: christopher brecher

Fri, 03 Apr 2009 10:39:41 +0000

I already had a copy of this book,and last weekend bought another one for 1 dollar.I opened it up and it was signed by Stan in 1988!!!!..