Hindenburg stock market crash omen confirmed
The Hindenburg Omen was a proposed technical analysis pattern, named after the Hindenburg disaster of May 6, It was promoted by Jim Miekka, who gave up on the theory that it portended a stock market crash in The theory is largely based on Norman G.
Fosback's High Low Logic Index HLLI. The theory itself was promoted by Jim Miekka.
The pattern functions on a combination of technical factors that attempt to measure the health of the NYSEand by extension, the stock market as a whole.
The goal of the indicator is to signal increased probability of a stock market crash.
The rationale is that under "normal conditions" a substantial number of stocks may set either new annual highs or new hindenburg stock market crash omen confirmed lows, but not both at the same time. As a healthy market possesses a colombo stock market sinhala of uniformity, whether up or down, the simultaneous presence of many new highs and lows may signal trouble.
Confirmed Hindenburg Omen Says % Probability of %+ Stock Market Crash; % Chance of +5% Decline - munKNEE efulejeqih.web.fc2.com
As a rule, the shorter the time-frame in which the conditions listed above occur, and the greater the number of conditions observed in that time frame, the stronger the effect'.
If several—but not all—of the conditions are repeatedly observed within a few weeks, that is a stronger indicator than all of the conditions observed just once during a day period.
We Got An Official Confirmed Hindenburg Omen On December 2, | Gold Eagle
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