HOW TO KNOW IF MARKET HAS REACHED ITS TOP? | Blog Brings Profit For You

6/29/07

HOW TO KNOW IF MARKET HAS REACHED ITS TOP?


Following observations provide a clue of market having achieved top for time being:

1.Brokerage houses start advising their clients to not to invest further and book profit.

2.Track US interest rates,FII and mutual fund activity.

3.Monthly charts achieve all time high.

4.Momentum indicators in weekly charts show overbought levels.

5.Even cart pullers start advising on buying tips in market.

So book profit on these indicators and be on sidelines.

 

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