CQG may have it, you can build it yourself if you have a platform that allows you to create your own indicators. Here is an article I wrote on my site that describes my research into the topic and how I use it. It also has links to two magazine articles on the subject. http://www.researchlabtrading.com/public/331.cfm http://www.researchlabtrading.com/public/344.cfm?sd=2
I talked to a broker today and he said he had talked to a floor broker and said there was almost no outside paper coming into the market-real thin, no buyers or sellers coming in it seemed. I also got the feeling that the floor is positioning for a correction but they say that a rally to a new high negates that view (one floor trader's view).
see attached demark daily countdown. feeders already gave a false short into the prior countdown... will it repeat?
I am only showing one countdown, the current one on my screen and the prior as just a sequential. I will have to double check mine by hand though. Must be nice to have a bloomberg terminal. In my research one of the best buy or sell signals I find is when a market blows right by a countdown or stalls and then takes off again. It shows a truly powerful trend.
Finally, the move down I have been expecting. I was beginning to get nervous that I had put outself out there as being bearish and then we were going to bust out to new all time highs and them some.
i hesitated in buying my put spread. only til we broke the low did i buy. 114/112 put spread purchased for 90 pts...