Replies to post #22844 on Medican Enterprises Inc (MDCN)

[entrepreneur61590]

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.