I didn't say that I expected to duplicate his system exactly, but my point was that it worked as a mechanical system even so. The basic ideas are pretty good. But like most vendors he exaggerates badly. ges
If you had applied what is said in his book to how the market acted during the bull market and then the crash you would have cleaned up. You would not have bottomed fished the nasdaq from 4000 to 2000. It is classic TA in a nut shell. If i had done what he had preached in 2000 and 2001 i would have saved myself alot of days of depression.
Hello folks, If your interested in Weinstein, he is doing a two day interview on Gary Kaltbaum's radio show. The show aires on Business Talk Radio live at 6-7 pm EST (http://www.businesstalkradio.net). IF you'd rather catch it at your leisure (my pref.), the show is archived on Yahoo radio at: http://events.yahoo.com/radio/archives/btr/investorsedge/ The archived show usually shows up about an hour after it runs live. The 9/12 show archive is the first one with Weinstein and is available now. Another bonus of the archived stuff is the ability to jump over the useless ads... Enjoy, Smitty
I can't remember if I read his book...I probably did. It happens when you get old! But I DO remember Stan Weinstein. This guy was one of the better technicians around at one time....he published The Professional Tapereader back in the 70's. There was a time when EVERYONE subscribed to this guy....even the trading desks to know what he was saying. Got so that when he recommended something it would gap up or down 10%. Can't tell you what accounts for his rating by Hulbert. Hulbert bases ratings on what the average guy could have bought the stock for....obviously if it gaps up 10% you start with a serious disadvantage. Weinstein is a technical analyst...and a good one. Read his book...what do you have to lose?