We here at Running of the Bulls have a proprietary fear indicator that has been pretty good at calling near-term bottoms.  (I have no idea if it works at a long-term bottom since a long-term bottom has been sorely absent.) 

That proprietary indicator is the number of hits received on this website. 

Generally, traffic to Running of the Bulls rises appreciably when the market is at or approaching a bottom.  Conversely, when the market is improving, traffic drops.  (That's not the only reason why it drops. - ed.)

I assume traffic rises near bottoms because people are fearful and are looking for answers or assurance. 

Though traffic to this site has not hit a peak, it has been rising appreciably the past few days. 

If the past six months are an accurate reflection of the moods of investors, I would not be surprised if we hit a near-term bottom this week.