Saturday, December 23, 2006

Top 5 Signs of a Market Top

I usually avoid making any sort of a prediction about the market, so consider this more as entertainment than anything else.

1. The market responds to RIMM's better than expected Q3 earnings and Q4 guidance by taking the stock down to end up down -(2.7)%

2. The BPCOMPQ indicates a market top.

3. The TickerSense poll has reported the least bearish result ever.

4. The VIX broke above its 50d EMA for the 2nd time in the past 4 weeks.

5. The number of stocks closing at all-time lows is quickly approaching an all-time low.

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