I think that the ratio gives you that heads up, but I've taken that a step further too. I also compute the number of stock that are within 1/2 of a percent in crossing above their 5 and 10 day averages, like like whose on deck. so currently Semi 10 Day = 3.85 which is 5 stocks above Semi 5 Day = 13.85 which is 18 stocks above Ratio = 3.6 Number of stock within 1/2% of breaking above their averages 10 day = 4 5 day = 6
so if the market keeps moving up the ratio will increase more. Let me think how to display this.