THE FAB FIVE:

As mentioned in the past few weeks, the top 5 Sentiment Indicators have been very reliable in calling for this downturn, just as they have in my recent 10-year Indicator Wrapup. They are: CBOE Equity put/call ratio being near its multi-year low; the McClellan Oscillator approaching a +50 level; the AAII Bull/Bear ratio signaling complacency; the Bullish Per Cent at all-time highs of 89; and the VIX being at a complacent low -more of a longer term danger signal.
These fab five compare closely with the levels last April 23, just before the Flash Crash of 17%.

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	12044	12169	14093	6626
Nasdaq:	2715	2784	2861	1114
S&P 500:	1304	1321	1561	683
CBOE Eq. put/call:	64	56	96-10/08	46-1/03
VIX:	20.1	19.1	90	8.8
McClellan Osc:	(26)	(22)	108	(123)
McClellan Sum:	669	778	1568	(1514)
Newsletter Surveys
InvestorsIntel.Bull:	52.2	50.6	63	22.21
InvestorsIntel.Bear:	21.1	19.5	54.4	16
AAII Bull:	36.0	36.8	n/a	n/a
AAII Bear:	32.3	33.2	n/a	n/a
US Equity-1 week lag	n/a	(3.1B)
Money Market Flows	(1.4B)	.5B
Baltic Dry Index:	1538	1317	11700	663
Bullish %:	77	83	89	2
Insider Corporate Sellers:	62:1	23:1	198:1	2.4:1

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THE FAB FIVE: