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Nope! More's the pity.
Tops are harder to spot than bottoms, as a rule.
Zee can do it sometimes, but not me.
I have a top detector I built, but it is usually wrong (too early) 3 times out of 4.
You don't want to see NH-NL negative at almost the same day as a fresh market high.

So I merely follow my rules of thumb.

(1)
If there has been a fresh recent high recently, you're almost certainly in a still-ongoing bull market.
The more recent it was, the more reliable the rule.

(2)
And don't own anything that you yourself have concluded is overvalued.
If you don't know how to value what you own that's a bummer, but if you DO have an idea then follow it.
For any given stream of future earnings, the higher the price today, the lower the forward return and the higher the risk.
As prices rise, a smaller position size makes sense.
If real returns look like they'll be negative, as with almost any bond right now, don't own it at all.

Jim
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