Unlike bottoms which are most often, steep and quick, tops usually develop over time. Look at the three charts of the DJIA,DJTA & DJUA. The utilities topped two months ago and have dropped 20% since. The transports topped recently and are down sharply today. The DJIA either just topped or more likely will still make a higher high in the days or weeks to come. Either way the process is under way. The big bull market for this year and beyond is the one in gold, silver and the mining stocks that I predicted here in previous postings. Look at the miners, especially NEM which is going to be the poster child for this bull market.
