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Hindenburg Omen

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August 15, 2010 – Comments (1)

I am no expert on the topic but the street said the criteria is all there and that it is accurate 92% of the time. I myself am expecting a market crash, and this adds to that theory. Any experts on the matter?

1 Comments – Post Your Own

#1) On August 15, 2010 at 10:56 PM, guiron (21.63) wrote:

We still need confirmation.

This is from the Wikipedia page:

To eliminate false positives some technical analysts (as a rule) have imposed the condition that the Hindenburg Omen

"must be triggered 3 times in a row within a month from the 1st triggering event for said initial trigger signal to be considered to be valid"must be valid when "all tightly coupled triggerings are within a fortnight" (14 working days)will indicate a possible future downturn or correction, depending on the magnitude of any "one off" triggering

One off Hindenburg Omen signals are always considered unconfirmed as the indicator has a high false alarm rate. A train of 3 to 5 coupled Hindenburg Omens are preferred by analysts wherever possible.

 

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