Three Indicators to Watch
But there are some worrisome signs. For instance, many investors have grown overly bullish. They seem determined to cheer on the market bull and, even more worrying, to ignore anything that could remotely interfere with their hopes for riches or dreams of wealth.
The bottom line: They're no longer paying attention to reality.
So where are we right now? Let's look at three indicators I like to follow:
* The "Keltner Bands."
* The "Hindenburg Omen Indicator."
* And the "R-squared" indicator.
We'll start with the Keltner Bands.
Read More: http://moneymorning.com/2011/05/02/it-pays-to-prepare-for-a-stock-market-reversal-even-with-new-bull-market-highs/
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