Back Issues Archive Traders' Glossary Novice Traders' Notebook Products Store. Well, don't jump right away. Trend reversals take time. It will take time before this uptrend is reversed.
Tops take time to form.
Intrigued, I decided to find out if this was correct. As it turns out, it is correct, at least in the bond market. Here's the evidence and a technique you can use to test your favorite trading instrument. Highs and lows are labeled as the market crosses its 20-day moving average. This definition is the first step in defining the length of tops and bottoms.