Sunday, April 16, 2006
Pattern Cycles: Tops
No trend lasts forever. Inevitably, crowd enthusiasm outpaces a stock's fundamentals and rallies stall. But topping formations do not end uptrends all by themselves. These stopping points may only signal short pauses that lead to higher prices. Then again, they could be long-term highs just before a major breakdown.
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No trend lasts forever. Inevitably, crowd enthusiasm outpaces a stock's fundamentals and rallies stall. But topping formations do not end uptrends all by themselves. These stopping points may only signal short pauses that lead to higher prices. Then again, they could be long-term highs just before a major breakdown.
Read More...
