The used copy of the book finally arrived in this afternoon's mail and inside the front cover was an inscription made out to Ed signed by Stan Weinstein back in 1992. Who knows, the book may already worth the $5.50 I paid for it!
The reading/analysis begins....
Ed S.
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That's destiny!
$5.50 was cheap. Where'd you get it?
I got my $5.50 copy thru Amazon using about $3 of old Amazon credit card points/credits but it took a full 2 weeks to be delivered by snail mail.
I'm 2/3 thru the book now and it is very thoroughly written from someone who published trading tips based on his 4 state approach for a long time before he ever wrote the book.
When I was about 1/2 way thru I decided that the info contained in his many chart examples required me to build a spreadsheet so I could make better use of the info being provided.
For example:
a. by page 87 he has presented 26 graphs having Stage 2 profitable runs, averaging 246% gains, smallest being 44%, largest 871%,
b. trade length averages 8.3 months with the shortest being 3 months and the longest being 16 months (I'm just now getting to the part of his book that discusses short term trading with the Stage 2 setups, so I may have to go back thru my spreadsheet and add 1/2/3 month gain columns.
c. some may not have noticed but his preferred chart, in the bottom left corner, has 10 years of 52 week high and low data so I'm also documenting the prior all years high and low prices for further analysis ala Wishing Wealth blog GLB stocks.
d. So far among those 26 charts he has some from 1971, 72, 75,78, 82,86,87, with the most from 86.
He shows lots of chart on the other 3 stages but i'm not that interested in documenting them at this time...
By the way if one goes to the Amazon website and searches for the book, when it comes up you can choose "Look inside" and see table of contents and read several pages to get a feel for the book, and if you have an Amazon account and you are logged in you get a lot more pages to read for free in the "Look Inside" option. For quite a while I wasn't going to buy the book because I thought I saw enough in the Amazon preview go get the gist, but as momentum grew on SF I started having more unsanswered questions rambling around in my grey matter (also I prefer to buy electronic books now and this one is too old for that)
Here is where all this weekly stuff started for me. I was searching youtube and came across this video which lead me in the long run to Stan Weinstein Weekly strategy . This video is just about the same strategy as Weinstein's more or less.
When I select the "Watchlist" option on the nextbigtrade Stage Analysis Screener website the top 2 stocks that come up in the list have" % from MA" for Friday that seem way off to me but perhaps its not supposed to be the distance away from the 30 week moving average?
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