I overlaid DJIA and my favorite Insider Score chart (from InsiderScore.com, a link is in my Blogroll). Before 2007 insider activity was all over the place, but since early 2007 seems there’s been a correlation between the market (as represented by DJIA, at least) and insider buying/selling:

It’s not perfect, obviously, but I’m betting on the market going down in the short term.

6 long positions, 3 short.