an exercise in miscellany

Hindenburg Omen

In money on December 27, 2010 at 11:31 am

The Hindenburg Omen is a technical analysis pattern that is said to portend a stock market crash. It is named after the Hindenburg disaster of May 6, 1937, during which the German Zeppelin Hindenburg was destroyed.  The Omen is largely based on Norman G. Fosback’s High Low Logic Index (HLLI).  The value of the HLLI is the lesser of the NYSE new highs or new lows divided by the number of NYSE issues traded, smoothed by an appropriate exponential moving average.

via Hindenburg Omen – Wikipedia, the free encyclopedia.

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