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Thread: The Hindenburg Omen

  1. #1

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    Post The Hindenburg Omen

    Hindenburg Omen
    A technical indicator named after the famous crash of the German airship of the late 1930s. The Hindenburg omen was developed to predict the potential for a financial market crash. It is created by monitoring the number of securities that form new 52-week highs relative to the number of securities that form new 52-week lows - the number of securities must be abnormally large. This criteria is deemed to be met when both numbers are greater than 2.2% of the total number of issues that trade on the NYSE (for that specific day). Traders use an abnormally high number of 52-week highs/lows because it suggests that market participants are starting to become unsure of the market's future direction and therefore could be due for a major correction. Proponents of this indicator argue that it has been very accurate in predicting sharp sell-offs in the past and that there are few indicators that can predict a market crash as accurately.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."


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  3. #2

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    Default Re: The Hindenburg Omen

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  5. #3

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    Default Second Hindenburg Omen confirmed.

    Blackstone IPO…a sign of a top in the Market?
    Meanwhile, another action associated with a market top is the Blackstone Group's initial public offering of its stock (IPO). This is the largest public offering since 2002 , bringing in $4.13 billion. Is the smart money cashing out?
    A second Hindenburg sighting...and a third!
    Yesterday's market gave us a second Hindenburg Omen sighting…and today's activity in the market may give us yet a third zeppelin sighting. This now confirms the probability of a major decline in the next 120 days. The probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen within the next 41 days after its occurrence is 77%, the probability of a panic sellout is 41% and the probability of a real big stock market crash is 25%. (Source: Wikepedia.com)
    The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down. On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.

    http://www.marketoracle.co.uk/Article1349.html
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  7. #4

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    Default Re: The Hindenburg Omen

    The Ducati is oiled and ready to ride the next cycle purge - so let's walk the talk and bring it. My bet is 1400 Dow before the end of July - providing the Fed changes their wording some. They are data dependent and the data is looking fine.

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  9. #5

    Default Re: The Hindenburg Omen

    Quote Originally Posted by Birchtree View Post
    My bet is 1400 Dow before the end of July - providing the Fed changes their wording some.
    And I thought you were bullish.

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  11. #6

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    Default Re: The Hindenburg Omen

    I hope that's a typo...

    Quote:
    Originally Posted by Birchtree
    My bet is 1400 Dow before the end of July - providing the Fed changes their wording some.

    Quote Originally Posted by tsptalk View Post
    And I thought you were bullish.
    ~ Take nothing but pictures ~ Leave nothing but footprints

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  13. #7

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    Default Re: The Hindenburg Omen

    Quote Originally Posted by Show-me View Post
    Read through the stats on this thing. A Hindenburg event can be as little as 5% to register (i.e. something like we saw in February) and the time frames from signal to event can lag as much a 4 months.

    This indicator is about as useful for us as: "What goes up must come down"
    Griffin's Account, Griffin's Account Talk
    'Houston, we've had a problem. We've had a main B bus undervolt.', James Lovell

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  15. #8

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    Default Re: The Hindenburg Omen

    That's the only reason we know of it . If it was called the Apollo 13 Omen, people would ignore it .

    Quote Originally Posted by Paladin View Post
    You have to admit though that it does have a scary name.

    The Hindenburg Omen
    Griffin's Account, Griffin's Account Talk
    'Houston, we've had a problem. We've had a main B bus undervolt.', James Lovell

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  17. #9

    Default Re: The Hindenburg Omen

    I just got an Andria Doria signal.

    I actually like these historical pattern signals.


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  19. #10

    Default Re: The Hindenburg Omen

    Well....at least everyone is cheery while this little debacle 'warms up' !!
    Markets look pretty good for the moment though
    NTXDiver

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  21. #11

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    Default Re: The Hindenburg Omen

    Don't look now!
    10/15/2019
    CRUDE Oil =
    $52.81 -$.78

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  23. #12

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    Default Re: The Hindenburg Omen

    It was a typo - I meant 14,000. Let the good times of summer begin.

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