Since last week, bulls down 9.4 to 20. bears up 7 to 49.5. While some of this is understandable given the poor market performance of the last few days, I don't recall a reading this pessimistic recently (at least since early July). I hate to make a prediction based on a single indicator/data point, but if history is a guide, we could be in for a sharp short-term rally very soon.