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Hindenburg Omen


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#1 tommyt

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Posted 19 November 2019 - 01:42 PM

Jim Miekka only developed HO as a signal for the NYSE, not the Nasdaq.  Same for Bill Ohama and the TS. 


Monkey Man - @BlueDot130

Trend following, swing trader model using ETF's. No indicators,

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For entertainment purposes only.


#2 Darris

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Posted 19 November 2019 - 01:56 PM

NYSE will trigger 1st HO today after the Naz has had 8 in a row



#3 tommyt

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Posted 19 November 2019 - 02:24 PM

The real money is not made shorting an overbot mkt or one at an all time high.


Monkey Man - @BlueDot130

Trend following, swing trader model using ETF's. No indicators,

no hedge talk, no nonsense...just actionable buy/sell signals.

For entertainment purposes only.


#4 andr99

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Posted 19 November 2019 - 03:48 PM

.......as far as I know HO or a series of Ho, is not enough for a top. It's a necessary condition, but it's not enough. In other words most of times it's useless. Infact you may have a series of HO and the market rising for as long as it wants.


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#5 dowdeva

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Posted 19 November 2019 - 10:47 PM

I have found Hindenburg omens to be equally as powerful in rising markets as in overbought, topping ones. In fact, in 2017, every time there was a HO the market declined fairly quickly in a correction before going on to rally again to new highs.

 

A look at some other indicators and recent corrections: