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
The next leg up gets overbought too quickly and sentiment turns bullish too quickly.
For three days last week the put/call ratio for the Volatility Index was over 100% -- this is unusual, so keep an close eye on it.
Checking several charts and indicators shows leakage under the surface on breadth and elsewhere.
During early September, bad news was rushing in, but the small caps were leading, many stocks were ripe for picking, the McClellan Summation Index was turning upward, and more stocks were making new highs.