Opened at $128, down to $122 at 3:30PM. This has had a long run, is this a climax top?
We have had good volume on the run up - if it had been very light volume on a 20%-30% move then you would want to worry that the big boys were not accumulating anymore and the bottom could easily fall out.
The volume was about average today.
The high was only about 20% above old highs of $106, not bad, but a frequent resting point for “intermediate term growth investors/speculators”.
I will post some “typical” signals of a climax top later, keep your eyes out, but don’t worry too much. Yet.