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#1
26th December 2005, 03:44 PM
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Hindenburg Omen
Dear viewers / Traderji ,
Heard today that the Indian Stock Markets have generated a HINDENBURG OMEN signal ( which means a signal of CRASH & which also means " SELL AT ONCE ") . Is it true ? Does METASTOCK has this type of INDICATOR ? Please , explain the same . Views WELCOME . 
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#5
1st February 2006, 02:40 PM
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Re: Hindenburg Omen
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#6
1st February 2006, 02:45 PM
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Re: Hindenburg Omen
Quote:
The core idea behind it is that it's bearish whenever there are a large number of both new 52-weeks highs and new 52-week lows which I do not see this here at the moment. Why would a large number of both new highs and new lows be bearish? According to Peter Eliades, editor of the Stockmarket Cycles newsletter: "Under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows - but not both." When there are high levels of both, "it indicates that the market is undergoing a period of extreme divergence... Such divergence is not usually conducive to future rising stock prices. A healthy market requires some semblance of internal uniformity, and it doesn't matter what direction that uniformity takes. Many new highs and very few lows is obviously bullish, but so is a great many new lows accompanied by few or no new highs. This is the condition that leads to important market bottoms."
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#7
1st February 2006, 02:48 PM
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Re: Hindenburg Omen
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#8
4th February 2006, 08:05 PM
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Re: Hindenburg Omen
Quote:
Saint
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