Hindenburg Omen Strikes Again

Discussion in 'Trading' started by pspr, Aug 24, 2010.

  1. pspr

    pspr

  2. pspr

    pspr

    No, it just flashed the confirmation signal on Friday.
     
  3. Biog

    Biog

    You should read your own posted link....2nd time it has been triggered in recent weeks.


    "was tripped again on Friday, marking the second time since Aug. 12 it has occurred"
     
  4. thanks, i did not realize it happened on 20th as well.
     
  5. Recent occurrences

    * August 12, 2010: The Omen's creator, Jim Miekka, considered the Omen officially triggered on this date with 92 and 81 new 52-week highs and lows, respectively. The McClellan Oscillator was a negative -120.03 and the 10-week NYSE moving average was rising; the market closed above its open of 50 days prior (May 27). [5]. In the ensuing week, the Omen narrowly missed confirmation twice (August 13 and 19).

    * August 20, 2010: According to the Wall Street Journal, the omen was confirmed on Friday, with 83 new 52-week highs and 95 new 52-week lows on the NYSE. The McClellan Oscillator was a negative -106.46 and the 10-week NYSE moving average was rising; the market closed above its open of 50 days prior (June 11). [6]

    * August 24, 2010: 166 New Lows, 87 new Highs, McClellan Oscillator was negative, but the 10 week average began to fall. (Non-Confirmation.) (Although the 12 week average is still positive.)

    * August 25, 2010: 150 New Lows, 90 new Highs, McClellan Oscillator was negative, but again the 10 week average was falling (Non-Confirmation.) (Although the 12 week average is still positive.)

    * August 31, 2010: 86 New Lows, 164 new Highs, McClellan Oscillator was negative, and the 10 week moving average was up slightly 8.86 (0.13%) but falling (non-confirmation)
    http://en.wikipedia.org/wiki/Hindenburg_Omen
    [​IMG]
     
  6. pspr

    pspr

    Good info. Seems the market doesn't care, though. It has more important fish to fry.