I see early sign of correction

x9999

1)IWM (small cap ETF) drops more than SPX today. IWM has been out performing than major index the since end of last December. my guess is some fund is taking profit.
2)VIX start to move up.
3)mid cap also show weakness, more than large cap.
4)some high growth stock shows volatile behavior, again some fund are selling, but other fund are picking up shares.

However I can't say top is in already. the major index still feels strong. I think smart money, i.e. good hedge fund, is leaving the market. it doesn't mean it's going to drop
tomorrow.  but it's time to move to sideline. there are huge uncertainty starting March. be careful.  by summer, SPX could drop to 1000(based on a stock veteran).

Read0nly

基本同意。但基于同样的征候，俺看第一顶在本周。就拿一年的日线图为例，去年4-5月是双顶，9-10月是三顶。第一顶后的下跌通常比较浅，第二或第三顶之后的下跌幅度才是最大的。所以如果后一顶有新高，欺骗性会很大，因为背后的风险比第一顶大许多，俺觉得做多头的散户如果吃大亏可能都是在第二顶之后被套住的。

Sparrow

去年4-5月是双顶，9-10月是三顶

大大，
你的顶的定义是...? 多少 ?% 的 Drop 算? 现在算是第几顶? Dec 2012 算个顶吗？