Google recently recommended an article discussing some recent record-setting trades as measured by the NYSE Tick Index. In short, Zerohedge noted that three ticks of record-size (1631 or higher) in the course of ten minutes on December 27th (the day of the Dow's resurgence).
That week, Reuters reported the Dow having the worst week since 2008, and then reported a 1,000 point single-day surge, the first in its history.
Wells Fargo equities derivative strat Pravit Chintawongvanich was being quoted frequently for positing that the rally came from $60 bn in orders from pension funds looking to profit on the Dow's down-swing.
But back to the NYSE Tick - I had not heard of the index before, so I did some minor reading and here is simply how it works:
The NYSE Tick takes the approximately 2,800 equities listed and simply sums the number of "upticks" (stocks which had a price increase) and "downticks" (stocks which had a price decrease) in a given time interval, and then prints the sum.
Not to quote Investopedia too much, but they claim being either +1,000 or -1,000 ticks are considered extreme moves.
I think this would be a data point which would be well worth revisiting, but it's the holidays and I'm just looking to take a brief look and some notes.
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