that indicator is no longer valid, along with the vix, investor sentiment and the Fed model. p.s. it is available every weekend in barrons. prob wsj has it daily too.
2 days ago Yahoo! traded heavily during the last 30 mins., do you think that smart money bought YHOO expecting a good report, and then lose 10% the day after. Was Yhoo moved by smart money or by fool's money?
cool, thanks for the info. it would be nice to have access to it in realtime. i suppose it would require custom db analysis with a massive full market data feed, if one were to do it themselves. i heard it worked quite well on march 7, 2005 (as we hit major resistance perfectly on the S&P 500, no less).
Maybe a change in the mkt. At 330 exactly futures started down. Only a handle and a half but never the less. Could shape up to be very interesting earnings reports and mkt in the coming days. Good luck everyone.