Helene Meisler writes a daily technical analysis column and TheStreet Top Stocks. For more information, click here. Meisler spent more than a decade on the sell side as a market technician covering institutional accounts at various investment banks in New York City, including Cowen & Co. and Goldman Sachs. In addition she worked at Cargill in Minneapolis where she managed equity money for three years. She received her bachelor's degree in business from Pace University.
Recent Articles By The Author
Tuesday's rally was different than last Thursday's in terms of participation and many other indicators -- and no one popped the big question.
If we go look at the market over the last 18 months, we can see despite the indexes going nowhere, there has been a lot of up and down -- that's been the trend in the market, so it's best to be flexible.
Charts and indicators are no crystal balls, but they can help identify when the ingredients are here for a rally or a decline, and Wednesday looked a lot like it's part of a possible oversold bounce.