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Re: PaperSherpa post# 22844

Tuesday, 05/12/2015 9:15:21 AM

Tuesday, May 12, 2015 9:15:21 AM

Post# of 45714
Yes - very good point.

If a spinning top formation is found after a prolonged uptrend, it suggests that the bulls are losing interest in the stock and that a reversal may be in the cards. On the other hand, if this formation is found in an defined downtrend, it suggests that the sellers are losing conviction and that a bottom may be forming.