The Connection between Price Projection and the Topfinder/Bottomfinder

In the previous section we saw that an identified bolus of volume provides the fuel for a trend. Here is what Paul Levine said of the topfinder/bottomfinder in his twelfth article:

Since technical analysis is often referred to these days as “rocket science,” we can employ this metaphor by likening a move in a stock to a rocket launch. Already we have referred to a trend reversal as the “launch point”; now we imagine that—as with a rocket—the move's duration is pre-programmed by loading a given amount of “fuel,” which in our case is a fixed amount of cumulative volume. During the powered phase of the launch, the rocket's control mechanisms act to follow the nominal trajectory ...

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