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    Quick Reference On Buying

    Uploaded by

    Uma Maheshwaran

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    © All Rights Reserved
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    Quick Reference On Buying

    Uploaded by

    Uma Maheshwaran
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    Quick Reference on Buying

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    23 views1 page

    Quick Reference On Buying

    Uploaded by

    Uma Maheshwaran

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Quick Reference on Buying

    (Source: Stan Weinstein pp115 – 116)

    1. Overall trend of the market should be UP.


    2. Identify the best performing sector.
    3. Screen for stocks that are forming a base in this sector.
    4. Determine the breakout price.
    5. Discard stocks that have overhead resistance very near the breakout.
    6. Narrow down the list further by checking Relative Strength.
    7. Buy half the desired position at the determined breakout price.
    8. If Volume had gone up on the breakout and contracted on the pull back
    buy the other half position.
    9. If the volume had not gone up on breakout, sell your half position on the
    first rally after a pull back.
    10. If the stock does not rally after the breakout and instead falls below the
    breakout point, SELL it immediately.

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