4 replies to this topic

[BipolarBear]

by way of Chris Carolan:

Fosback's High Low Logic Index.

I prefer this iteration to its red-headed step-child, the 'hindenburg omen', which always seemed to me to be a curve-fitted response to the prolonged-bull markets toll on all market-top indicators. That the Logic Index dates from the 1970s, a similarly range-bound era, may be the reason for its recent efficacy. Thanks to John Bollinger for bringing this fine indicator to my attention.

Chris

Any thoughts on this? I just came across it in my email, thought I'd ask.

Edited by BipolarBear, 30 April 2008 - 08:07 AM.

[bobalou]

are they pointing out rate cuts...that is what I'm thinking any way,,pull backs after rate cuts

[blustar]

Confirms my ST bearish outlook. blu

[calends]

Who Loves Ya, Baby?

[spielchekr]

Whether or not the market crashes or loses no more from here, the Hindenburg Omen missed the call. There has only been one omen day per my attached chart. The disqualifier for the two subsequent near-omen days was a negative slope on the 50ma (price must be above the dashed red line to render a positive 50ma slope). Rules is rules.