ISEE Bearish warning!

the ISEE 10 day moving average of equities only is now at a high point, indicating extreme optimisim, a contrarian indicator of a possible top. Its at 204.40 and everytime its been over 200 the market has sold off. Very perplexing these contrary warnings.. With the VIX at around 17 this confirms it. btw, the ISEE reading was 276 yesterday. the all time high is 279 and that was october 8, 2007, only a couple days ahead of the all time high in the SnP of 1576 on october 11th.