morning traders 8 / 5

Morning all,

interesting bits and pieces below to mull over while adjusting your strategy and waiting on the specs to heat up.

Mainly STT but relative to DT, stage 2 is what we are after.​

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"Four Stages of Stock Maturation

1. Neglect : Consolidation
2. Advancing: Accumulation:
3. Topping: Distribution
4. Declining: Capitulation"

Things To Consider:

1. "DO NOT BUY during Stage 1
2. Short Term Moving Average > Medium Term Moving Average > Long Term Moving Average
3. The Long Term Moving Average should have turned up.
4. Current price at least 30% above its 52 week low
5. RSI > 70, and preferably > 80
6. A series of higher highs and higher lows has occurred.
7. There should always be a previous rally with an escalation in price of at least 25 to 30 percent off the 52-week low before you conclude that a stage 2 advance is under way and consider buying.
8. Large up weeks on volume spikes are contrasted by low-volume pullbacks.
9. There are more up weeks on volume than down weeks on volume."

All the best.