Tops & Bottoms are much the same of some things quite different. You see, right now for instance mechanisms are in place to approach the top of the much anticipated bottom everyone is waiting for in fear it'll never come. So, when it does finally come, all the talk will be of whether the bottom has bottomed out or not...
I like to to look for stocks to indicate the top and bottom of the bottom. The question is whose bottom and which one are we going to look at, since there are countless equities with bottoms near and every bottom has another bottom in the closet somewhere.
Well, don't be discouraged it'll all seem simple soon.
RTP has knocked 38% from a measured move up to 325 & maybe with the right combination of irresponsible political/media environments coupled with fanatical fear mongering we might see the first top of the first possible bottom once RTP has declined to about 229 - then watch as the bottom unfolds to bottom out altogether around 185.77333.