This week the specialist short sales ratio, reported with a two week lag, is 20.6%. I don't recall this ratio ever being this ultra-bullish. Anyone still follow this indicator? Of course, nowadays I notice such drastic changes in various indicators are easily explained away by the gurus to fit whatever their bias is. On the other hand, I can understand that there has been a secular trend towards more shorting by the public which may impact the effectiveness of the specialist short sales ratio.