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climax |
Also found in: Dictionary/thesaurus, Medical, Wikipedia, Hutchinson | 0.01 sec. |
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Climax Following a protracted period of selling or buying, a point wherein market trends are retarded or discontinued. Notes: At a selling climax, the market is characterized by a trend reversal whereby the market begins to buy stocks and prices rise. For a buying climax, the opposite occurs, and the market begins to sell, resulting in lower prices. The climax is merely the highest point of selling or buying and can be followed by many trend reversals.
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Clifford had climaxed a distinguished career of public service both as a high official and as an advisor to presidents by embarrassing himself as the head of the First American Bankshares of Washington during a period of unseemly fiscal hanky-panky at that institution. The land acquisition team's efforts to push the South Gate project toward a July 2001 opening reportedly touched off an intense behind-the-scenes battle that climaxed with a Board of Education decision to name a new chief executive over all district operations. |
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