In contrast, markets that are topping out will typically start with a gap higher and then fade through the rest of the session as the true believers continue to hope they've caught the bottom.
Last week (charts below) we still saw persistent buying in the Dow and S&P (think especially about Friday's rebound following the Caterpillar Inc. (CAT) imposion), but the Nazz definitely looked tired. And the closely watched Semi's threw up a caution flag.
It will be interesting to see the reaction to this week's news.
