STA Monthly Meeting – October 2010
Mr Meisels will be talking about the 40-year cycle. According to him since 1789 the US equity market has experienced six secular cycles. They consist of a secular bull and a secular bear phase and last approximately 40 years. The secular bull consists of numerous (± 4 year) Dunbar Cycles which usually have progressively higher highs and higher lows. The secular bear consists of two Dunbar Cycles, where the second is rarely higher than the first, and where one of the bear phases is significantly worse than the other.
Elliott Wave Theory forces each secular cycle into a larger entity (Supercycle, Grand Supercycle, etc.) whereas one, according to Ron, should look at each separately. Once the two bear markets within the secular bear are completed (most recently in March 2009), the secular bear is over, and a new secular cycle begins. Therefore, there is no reason to maintain that we are still in a secular bear market.
Ron Meisels is the developer of the “Meisels Index”, an overbought/oversold indicator based on daily closings prices. He is a highly respected technical analyst with over 40 years of stock market experience and the founder and president of Phases & Cycles Inc.
Next STA Meeting
STA Monthly Meeting – May 2025
Behavioural Finance and Trading Psychology
Why do traders make irrational decisions — even when they know better?
In this eye-opening online Masterclass, Kim Cramer Larsson, a seasoned Technical Analyst with over 25 years of experience, explores the powerful psychological forces that influence financial decision-making. Drawing on his deep expertise in both market behaviour and trading psychology, Kim offers a compelling look at why traders and investors often fall into the same traps — and how to avoid them.
The talk begins with a look at the trader sentiment roadmap, illustrating how collective emotion shapes market direction. From there, Kim delves into the fundamentals of trading psychology, exploring how emotions, the illusion of control, and our natural aversion to loss impact trading performance. He’ll also examine the subtle but critical role that positioning plays in shaping both perception and risk.
One of the central themes is “Pain & Gain – and an Inconvenient Truth,” where Kim explains why discipline in trading is so difficult to master, even for experienced professionals. The session wraps up with a thought-provoking look at the psychology behind market bubbles — from euphoria to collapse — and what these cycles reveal about investor behaviour
Why do traders make irrational decisions — even when they know better?
In this eye-opening online Masterclass, Kim Cramer Larsson, a seasoned Technical Analyst with over 25 years of experience, explores the powerful psychological forces that influence financial decision-making. Drawing on his deep expertise in both market behaviour and trading psychology, Kim offers a compelling look at why traders and investors often fall into the same traps — and how to avoid them.
The talk begins with a look at the trader sentiment roadmap, illustrating how collective emotion shapes market direction. From there, Kim delves into the fundamentals of trading psychology, exploring how emotions, the illusion of control, and our natural aversion to loss impact trading performance. He’ll also examine the subtle but critical role that positioning plays in shaping both perception and risk.
One of the central themes is “Pain & Gain – and an Inconvenient Truth,” where Kim explains why discipline in trading is so difficult to master, even for experienced professionals. The session wraps up with a thought-provoking look at the psychology behind market bubbles — from euphoria to collapse — and what these cycles reveal about investor behaviour
Future STA Meetings
STA Monthly Meeting – June 2025
Joint Panel Debate with the ACI UK, The Broker Club and The Commodity Trading Club
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