czar ,
before technicals come in fray 2 signal bull or bear mts ,randomly it IS VERY ESSENTIAL that mkts have a symptom before they behave abnormally..
generally bull tops have the following symptoms...
> utter chaos
>lot of IPOs lined up
>increased risk appetite
>full public participation
>tips raining in madly from even the newbies
>lot of novice entry with huge success stories abt their neighbours
>packed brokerage houses
>short term plays more than long term stories
>increased financial editions & magazine sales
>increasing list of cos in f&o ban periods
>
& lastly ... never ending penny stock rallies...
if the mkts have this symptoms , take it that a vunerable top is around & more the time taken 2 bust the bubble , the more the nasty thud.....
if the abv symptoms satisfy a bull top , then the technicals should come into play.....
m not that xpert 2 predict the bull tops & bear bottoms but xperience says that it works....