The HEDGEfolios Timing Indicator is approaching a crossover towards a bullish bias.  Since the HF Bearish line hit .4939 on January 8th, the market has been improving and if the current trend continues, I expect to see HF Bullish to exceed HF Bearish as early as next week.  If that happens, it would be the second incorrect signal in seven crossovers since I started publishing it two years ago.  The market has increased 2.8% from November 27, 2006 when the HEDGEfolios Timing Indicator was expecting a decline.  It’s not over yet, but unless something negative occurs, I’ll be more bullish around here.