This is pretty funny and ironic, Taleb is gonna be pissed!! http://online.wsj.com/article/SB100...l?mod=WSJ_World_LeadStory#articleTabs=article
"Hours before the panic began, there were signs that Thursday was not shaping up to be a humdrum day. By 11 a.m., when the Dow was down only about 60 points, selling volume was unusually heavy. One measure of sellingâthe percentage of stocks falling without first moving upwardâwas at its highest since the day the market reopened after the Sept. 11 terror attacks, according to Barclays." Does anyone know where this "percentage of stocks falling without first moving upward" indicator is published or if it has another name?
What a great article. Considering the media, I doubt you will hear any of this on main stream media . . . ever.
That's one of those "in-house" indicators. Computed by those who can and not for the public to obtain through esignal or dtn. btw, this is where data vendors could really make some good coin, charging a bit extra for calculating these & other types of breadth indexes but the morons don't seem interested at all.
I'm working on a piece of software that would do that but with more detail. You gave me a good idea . . . I'll call it the "Moron Indicator".