Market Plunge Detector

"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 selling—the percentage of stocks falling without first moving upward—was 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?
 
Quote from Hook N. Sinker:

Does anyone know where this "percentage of stocks falling without first moving upward" indicator is published or if it has another name?
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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.
 
Quote from risktaker:

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.
More...

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".
:D
 
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