I'm always looking for hints to determine where we are in the cycle of share price swings. Are we in bargain basement territory with lots of beaten up shares (that we should be buying)? Or are we in the land of irrational exuberance with overpriced stocks (that we should be selling)? It's not usually a clear cut process and many people would say that you're better off not trying to judge the market. Others prefer waiting for clear cut markers that rely on very long term movements - but with those you risk being a bit late to the trend (either up or down).

In the last week 4 shares that I hold have been hit by significant falls as a result of major shareholders selling down their holdings. As far as I can remember I've never had this problem before - so four times in such a short space of time is ringing alarm bells.

My four hits:

Clarkson (LON:CKN) - 21st March
1.23 million shares representing approximately 4.1 per cent of the issued share capital

Watkin Jones (LON:WJG) - 24th March
50 million shares representing approximately 19.7% of the issued share capital

JRP (LON:JRP) - 29th March
Shareholders Sell Over 10% Stake In JRP Group For GBP123.5 Million

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