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Timebomb

Tops are a process and bottoms are an event in the stock market

By David Scott | Monday 29 October 2018


 


Tops are a process and bottoms are an event, at least most of the time in the stock market. If you looked at an ice cream cone’s profile, the top is generally rounded and the bottom V-shaped. That is how tops and bottoms often look in the stock market, and I believe that the market is forming such a top now. Bubbles have been blown and they will pop. The whole global economy is teetering. Bubbles always burst from ‘the outside in’, starting at the weaker places at the periphery before progressing to the center...

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