It was only 2 weeks ago that the "dumb money" indicator and Rydex market timers were bullish to an extreme degree and company insiders were selling shares at a clip that had not been seen in 4 years. In most instances, these are bearish signals. The exception would be the scenario where too many bulls actually leads to a bull market. This is what happened in 1995, 1998/ 1999, 2003 and 2009. Will this scenario be repeated in 2010? It is seeming less and less likely, and if this is the case, then it is worth repeating what I have stated for 3 weeks in a row: "If the market hasn't topped out already, it should do so within a couple of percent of the recent highs. Rallies should be sold and stops tightened up. The market is prone to sudden sell offs. There will be better risk adjusted opportunities to buy in the future."
"Insiders across the market continue to sell at an impressive clip, however it's clear that the activity peaked during the week ended November 9th."