I have updated the market valuation data based on closing prices for November 9, 2010. The S&P 500 has advanced almost 18% since September 1, 2010. Equities still appear attractive on a relative basis given the historically low yield on government and corporate bonds. However, stocks do not look cheap at these levels. Never invest without a margin of safety.
Generally speaking, from month to month relatively little changes in these indicators. The trick is to develop the discipline to follow them on a regular basis. Doing so, along with developing a rational investing framework, should improve your odds of being greedy when others are fearful and fearful when others are greedy.