Methinks the Holy Grail

I guess if you search hard enough there is always some indicator to support a bearish slant on things.   

Take a close look at this one.   Dow is the most pimped of the indices, it is what "normal" people talk about at BBQ's.  It is the most herd like and most emotional.   Compared to the total market, by using this ratio chart, it speaks volumes. 

Comments appreciated.