LOL the Hindenburg again? man that was discussed so many
times here in the past, type Hindenburg into the search box
and you will see tons of discussion on it.
One also occurred last year in Late Nov near the bottom and in
mid Dec, near that pullback low. I think most people stopped
paying attention to that back in 2010 when it gave repeated false
sell signals
Could someone explain the Hindenburg effect ?
Posted by rbreese on 26th of Apr 2012 at 04:41 pm
My Near-term Market Forcast:
Updated 4/26: Very Bearish - hindenburg effect
LOL the Hindenburg again? man
Posted by matt on 26th of Apr 2012 at 04:54 pm
LOL the Hindenburg again? man that was discussed so many times here in the past, type Hindenburg into the search box and you will see tons of discussion on it.
http://breakpointtrades.com/blog/search.php?search=Hindenburg&topic=All-Topics&poster=&startdate=&enddate=&page=1
Here's a Stockcharts.com Workspace, as you can see, there is no signal
http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&b=5&g=0&id=p76054967512&a=206950189&listNum=17
One also occurred last year in Late Nov near the bottom and in mid Dec, near that pullback low. I think most people stopped paying attention to that back in 2010 when it gave repeated false sell signals
Matt, You always check for a
Posted by sethbru on 26th of Apr 2012 at 04:45 pm
Matt,
You always check for a Hindenburg Omen. Did we get 1 today?
yes I have a TS
Posted by matt on 26th of Apr 2012 at 04:56 pm
yes I have a TS workspace, it didn't give a signal
also here's a Stockcharts.com Chart with the rules on it, as you can see, not signal
http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&b=5&g=0&id=p76054967512&a=206950189&listNum=17