
tonirai Escreveu:rsacramento,
(...)
Já agora, bom livro que estás a ler
espero que sim

entretanto, mais à frente, a coisa já vem melhor explicada:
Distribution
At the potential top of a bull market, many professional traders will be looking to sell stock bought at lower
levels to take profits. Most of these traders will place large orders to sell, not at the current price available,
but at a specified price range. Any selling has to be absorbed by the market-makers, who have to create a
'market’. Some sell orders will be filled immediately, some go, figuratively, 'onto the books‘. The marketmakers
in turn have to resell, which has to be accomplished without putting the price down against their
own, or other traders’ selling. This process is known as distribution, and it will normally take some time
for the process to complete.
In the early stages of distribution, if the selling is so great that prices are forced down, the selling will stop
and the price will be supported, which gives the market-maker, and other traders, the chance to sell more
stock on the next wave up. Once the professionals have sold most of their holdings, a bear market starts,
because markets tend to fall without professional support.