[bankwalker]

you have no way to know where the peak is until you’re substantially past it.

[icclearly]

“ you have no way to know where the peak is until you’re substantially past it.”

You are correct. But, maybe it is a sign - until it’s not.

[cuban leaf]

Heh. That’s what I came here to post. :)

[cuban leaf]

I attended a “technical” stock trading class once. It was very interesting. The guy would take daily stock graphs from some past days and show them to us at snapshots and ask us to guess which way it went after that point, and then expose more of the graph.

There were times when you would see what looked like a solid upward trend and guess upward, yet that was the peak for the day. Or vice versa.

i.e. you can’t know what the peak was until significantly after the fact, even when a chart appears to be going in a certain direction. As they say, past performance does not indicate future performance.