BTW, this was not an attempt to promote the Zero - have enough subscribers already.
My point was that what you are describing can be confirmed by the Zero's gyrations as well. I wouldn't call it 'front running' as it only sometimes precedes price movements as evidenced by divergences of...
Also, how do you like this source for picking your fair value:
http://www.programtrading.com/buysell.htm
I looked at your indexarb and the values differ slightly.
Molecool
Jack: I have been following the PREM for quite a while now and have actually written my own before I got myself IQData. What you are describing confirms some of my own work but on a completely different indicator (the Zero at http://evilspeculator.com).
I would be interested in taking this...