I find Kirk Report's oversold/overbought indicator to be a very useful tool for generally getting a feel of where things are at in the markets. It's a great timing indicator. From time to time Kirk publishes this proprietary indicator from Worden on his blog. However according to Kirk it's possible to get similar readings using the following...
"...at Stockcharts.com if you use the following ticker symbols they’ll offer you similar readings: Ticker symbol: $NYA50R - NYSE Percent of Stocks Above 50 Day Moving; Ticker Symbol: $NAA50R - Nasdaq Percent of Stocks Above 50 Day Moving Average. For what it is worth, both of these are showing a bit more “oversold” than the current T2108 which is normal. "
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