Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Quotes

“The trader's ideal entry point is after a stock consolidates in a new trading range and pulls back close to the moving average, then breaks out again above resistance.”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“winning teaches you nothing. Losing can be the greatest teacher of all,”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“Volume is usually heavy in Stage 3 and the moves are sharp and choppy.”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“Stage 3 top as the upward advance loses momentu m and starts to trend sideways.”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“Initially the 30-week MA loses its downside slope and starts to flatten out. In addition, intermittent rallies and declines will toss the stock above and below the MA. During this stage, there will usually be several swings between support at the bottom of the trading range and resistance at the top of the range. This basing action can go on for months or, in some cases, years.”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“The initial buy-stop should have been placed right above the prior rally high”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“Prior rally peaks and the 30-week MA will be the two key factors you will focus on when setting your protective buy-stops. When you set the initial buy-stop, pay less attention to the MA and more to the prior peak.”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets

“the bigger the top, the bigger the drop. The longer this bearish formation takes to form, the more powerful the eventual downmov e will be. While all head-and-shoulder top patterns are negative, one that forms in three weeks isn't as powerful as one that unfolds over a nine-month span.”
― Stan Weinstein, Stan Weinstein's Secrets For Profiting in Bull and Bear Markets