Odd Lots Helene Meisler On What's Going On With the Stock Market Now
Aug 25, 2022
Helene Meisler, a veteran stock trader with 40 years of experience, discusses the current stock market landscape, explaining her unique hand-drawn chart analysis. She examines the surprising rally from June despite Federal Reserve tightening and debates the market's next steps. Meisler digs into the tension between traditional and modern analysis, shares insights on the influence of meme stocks and social media, and emphasizes the importance of sentiment indicators in navigating market volatility.
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Hand-Charting Journey
- Helene Meisler has been charting stock prices by hand for 40 years.
- She initially resisted this practice but found she lost touch with the market when she tried using computers.
TA: Beyond Charts
- Technical analysis (TA) is more than just chart reading; it's about analyzing market indicators like breadth and sentiment.
- Good charts can turn bad, and bad charts can turn good, so start with the underlying indicators.
Bear Market Start
- Meisler believes the current bear market started in Q1 2021, marked by peak speculation and meme stock frenzy, not the commonly cited November/January peaks.
- Subsequent rallies showed declining participation, indicating a weakening market.