Topping Is a Process
It was a rocky week for the market, winding up a very strong quarter. The action was mostly straight up the last three months before suffering the first real selling in a while this week. There was an obvious window-dressing bounce Thursday, but no follow-through today, and many key stocks like Apple (AAPL) quickly rolled over again.
It has been my contention that the market is undergoing a topping process and the inability to build on Thursday's bounce provided further confirmation. A healthy market should not see a bounce like that reverse so quickly. This market has had a tendency toward V-shaped bounces recently, so it is notable when it reverses the next day....168 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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