The spread between the bulls and bears fell sharply, ending at 28.5%. The week ago difference of 37.8% was the first reading since November below the dangerous difference of 40% and higher, and now it has dropped further to below 30%. That is the right direction before a new buy signal. 2013 ended with a 46.4% spread, signaling high risk that was last shown at 42.4% in October 2007. In contrast August 2013 ended with the spread at 13.4%, close to the 10% (or less) reading that allows for buying. The bears haven't outnumbered the bulls (negative spread) since October 2011, after the correction from highs that April.