Thread: The Hindenburg Omen

Originally Posted by Bullitt

The latest from McHugh. Omen setup still in progress.

http://www.gold-eagle.com/editorials...ugh070408.html

... the NYSE 10 Week Moving Average is also Rising, which we consider met if it is higher than the level 10 weeks earlier

I wonder how he is determining the 10-week MA? Looking at a weekly chart of the NYSE, the 10-week simple MA does not appear to be higher. It is now 9384, where you can see below that is has been falling for months. That is also true when you use the exponential MA. Maybe my assumption that a 50-day MA is the same as a 10-week MA (10 x 5 days?) is wrong.

Tom, you may be sensing my sarcasm when it comes to Mr. McHugh. I read that thing twice and the theory is less clear to me now than before. I understand the rational behind a prelude to a drop when the market is rising and the A/D Line is declining, but that's about it.

How many crashes have we seen since the Hindenburg's inception? Maybe 2? Data mining at it's finest but you've gotta love it.

WELLLLLLL.......so much for THAT "marginally significant" statistic! SO MANY stats have been kicked to the curb this year - Friday's anticipated (statistical) sizable 'bump' could turn out to be a sizable 'burp' instead...

There's a ton of green in the markets today, floating atop a sea of red that's swirling around us like a whirlpool. Locked gains for 2008, moved from 50/25/0/0/25 G/F/C/S/I to 100% G before noon - the sun will come out..."TOMORROW"!

Happy New Years cheers to everyone...may your 2009 be blessed with lives full of health and vigor, and relationships full of love, truth, and honor. Real prosperity doesn't exist without these...

Please consider a year-end donation to the charity of your choice...

Christopher

Originally Posted by Christopher

Some sunshine, in light of so many gloomy forecasts:

"In the second halves of all presidential election years over the past 110 years, the Dow has gained an average of 9.7%. In the second halves of all other years, in contrast, the Dow's second-half gain has been 2.7%, or barely more than a quarter as much. This difference turns out to be marginally significant from a statistical point of view."

http://www.marketwatch.com/news/stor...D&siteid=yhoof

Still no signs of a Hindenburg Omen yet.

Originally Posted by Bullitt

Still no signs of a Hindenburg Omen yet.

So your're a believer now I take it. I know I am!

Yep- they are pretty rare. But when one rear's it's ugly head look out .

When was the last time that a Hindenburg Omen occurred?

Originally Posted by airlift

When was the last time that a Hindenburg Omen occurred?

June of 08- with Dow at 12000 and falling.

http://www.tsptalk.com/mb/showpost.p...9&postcount=33

it began to fall off a cliff shortly after that.

Ended up falling down to 6469 (March 09) after that, before reversing.

Thank you. We have to be on our toes.

I think the jury is still out. I wouldn't call this thing "precise" based off the historical occurrences in the link below.

http://www.marketoracle.co.uk/index....icle&sid=13753

McHugh says it's time to start preparing for the catastrophic wave C down.

https://www.technicalindicatorindex.com/Default.asp

Well, I'll tell you all what. The last time the Hindenberg Omen came up in conversaton, I missed it because I was TDY, and not watching closely.

From here on out- if ANYONE sees anything written saying that a Hindenberg Omen is occuring, Please- BY ALL MEANS- send me a PM and let me know.

Thanks to all for the future.

We'll watch your six James.

Honestly, I'm thinking one is looming on the horizon.