5 replies to this topic

[Tor]

http://en.wikipedia....Hindenburg_Omen

Link posted aboveof definition. Maybe it will work this time.

Me:

ST: no idea maybe more
IT:
LT:

[Mr Dev]

Wikipedia
"when both new highs and new lows are large, it indicates the stock market is undergoing a period of extreme
divergence. Such divergence is not usually conducive to future rising prices."

Knowing the somewhat lose definition, is there any proof (chart) of these numbers coming in even close to the definition ...of substantial?

Sounds pretty vague for an indicator. Way to much left to interpretation.

The two things I dislike most in any type of indicator are a lose interpretation or just plain vague.

Definition goes on to say:

The rationale behind the indicator is that, under "normal conditions", either a "substantial

number" of stocks establish new annual highs or a large number set new lows - but not both.


Hmm no thank you!

[mss]

But the diamond pattern is not that confined. See post below.

[selecto]

Does one get the omen signal using NYA operating companies only?

[Vector]

"...therefore I stay long and get even more invested" This is like snatching candy from a baby

[bigtrader]

I love it when they talk dirty.