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Thread: The Hindenburg Omen

  1. #169

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    Default Re: The Hindenburg Omen

    Another NYSE Hindenburg on April 12 for those still keeping score.

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  3. #170

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    Default Re: The Hindenburg Omen

    I'm KEEPING MYSELF FAR AWAY from stocks these days.

    That Hindenberg seems to be accurate this time. We need a while to stop the bleeding, and I don't know if we are anywhere near that. I'm thinking another couple of months before we hit bottom.

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  5. #171

    Default Re: The Hindenburg Omen

    Quote Originally Posted by Bullitt View Post
    Another NYSE Hindenburg on April 12 for those still keeping score.
    When was the last the last "reset" (when it went to 0)? Is the time span between new HO's getting shorter (are we getting them more rapidly)? Interested in change over time. Increasing, decreasing? Do you have anything like "here are the number of days between peak HO and crash"? I realize this type of data is esoteric and probably doesn't support hard facts like I am hoping for. Whatever clarity you can provide is appreciated. Thanks.


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  7. #172

    Default Re: The Hindenburg Omen

    Quote Originally Posted by retread View Post
    When was the last the last "reset" (when it went to 0)? Is the time span between new HO's getting shorter (are we getting them more rapidly)? Interested in change over time. Increasing, decreasing? Do you have anything like "here are the number of days between peak HO and crash"? I realize this type of data is esoteric and probably doesn't support hard facts like I am hoping for. Whatever clarity you can provide is appreciated. Thanks.
    Went back on this thread and found this link which suggests numbers around 13 are concerning.

    https://thefelderreport.com/2021/11/...n-just-lit-up/

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  9. #173

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    Default Re: The Hindenburg Omen

    It's like everything else. Sometimes it works, sometimes it doesn't. Allegedly every crash has been preceded by a HO warning.

    Basically, it's looking for deterioration of market breadth. One problem in the past 10 years or so is that the whole entire market has been lifted by FB, AMZN, AAPL, NFLX, GOOGL, TSLA. It only takes a few of those stocks to be up during the day to create a positive market leading to more HO signs than in years past.

    See the historical chart here https://sentimentrader.com/blog/ulti...indenburg-omen

    Some have their own "enhanced" way of computing the number. Here is the original.

    Here is the formula for triggering a Hindenburg Omen, as written by Jim Miekka himself:

    - First, the number of issues in a specific exchange hitting 52-week highs (left lane of traffic) and lows (right lane of traffic) must both exceed 2.8 percent of the number of issues in said exchange. (Many articles report a requirement of 2.2 percent, which is incorrect.)

    - Second, the benchmark index for the exchange must be above the value it had 50 trading days, or 10 weeks, ago. (Again, many sources get this incorrect, referencing an exchange must be above its 50-day moving average. This is not accurate.)

    - Once the two aforementioned events have occurred, the signal is valid for 30 trading days. During the 30 days, the signal is activated whenever the McClellan Oscillator (MCO) is negative, but deactivated whenever the MCO is positive. (This is an extremely important distinction that many publications inexplicably omit.)
    https://seekingalpha.com/article/407...ust-scary-name

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  11. #174

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    Default Re: The Hindenburg Omen

    Word is there was a Hindenburg Omen on Monday.

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