The Heretics of Finance: Conversations with Leading Practitioners of Technical Analysis

Chapter 13. Stan Weinstein

If you follow the market properly, it's a slow, evolving process. And life should be the same way, an evolving thing. We need to learn from our mistakes. The market will test every strength and weakness you have. If you're open to learning what your strengths and weaknesses are, you'll grow, and that's what the journey should be about.

Stan Weinstein is president and founder, in 1990, of Global Trend Alert, an advisory service that provides both intermediate and longer term outlooks for global markets and equities to institutional investors. He was also publisher and editor of The Professional Tape Reader market letter, which he retired in 2000, as well as the author of Secrets for Profiting in Bull and Bear Markets (1988). Weinstein has appeared frequently as a guest on major financial television programs, was one of Louis Rukeyser's Wall $treet Week elves, and has been quoted in leading financial news papers and magazines, including Barron's, The Wall Street Journal, Investor's Business Daily, USA Today, The New York Times, Business Week, and U.S. News & World Report.

What led to your interest in technical analysis?

I've had an interest in the stock market since I was a kid. Like most people, I started in a more traditional way. I followed some of the big fundamentalists, and the techniques that were supposed to do very well did not do very well. I ended ...