Aug

30

Big Al writes:

A fun and interesting interview with Helene Meisler who has been keeping charts by hand since the 80s.

Helene Meisler On What's Going On With the Stock Market Now

The Federal Reserve is in tightening mode. And there's that old adage "don't fight the Fed" which means in theory it's a bad time for stocks. And yet we saw a surprisingly powerful rally off the bottom in June. But now what? Can the market resume its ascent? Or will we return to the lows, or possibly make new lows? On this episode we speak to Helene Meisler, who has been trading stocks for roughly four decades, and who has a unique approach to analyzing the market. She draws stock charts by hand. In our chat, Meisler explains her methodology, and gives her assessment of the market right now.

Jeff Watson comments:

I still keep up my charts by hand, and I know at least 3 others on the list who do the same. Does keeping charts add value for those who partake in the practice?

Duncan Coker responds:

I would posit that the physical act of writing and drawing is beneficial. It improves focus and generates a sense of mastery and accomplishment, however small, both of which are good for trading. This is all in addition to the statistical information garnered.


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