Part 5/7:
Market commentators drew analogies with horse racing to describe the dynamics of intraday reversals. If a stock (or horse) runs too fast too early, it risks depleting energy reserves and failing as conditions change. The stock market phenomena where popular stocks exhibit significant rises only to lower sharply in the same session are not random occurrences. Instead, they can be modeled on patterns where investor enthusiasm meets reality-check moments, signaling the end of a particular rally phase.