A comment on this Hindenburg OmenWorth noting how many times its...

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    A comment on this Hindenburg Omen

    Worth noting how many times its been triggered not just 2007 amazing how people are so selective with their quotations and references


    http://en.wikipedia.org/wiki/Hindenburg_Omen

    "In 2013, the omen has been triggered after the first observation on April 15 was followed by a confirmation of the omen on May 29. Both observations satisfied all four conditions. The omen has been triggered in 2012 on three consecutive days: July 23-25. The omen has not been triggered in 2011. The United States debt-ceiling crisis did not trigger it. Nor did the United States federal government credit-rating downgrade trigger the omen. However, lack of triggering during a US market crisis condition may mean multiple omen triggerings in future.
    August 12, 2010: The Omen's creator, Jim Miekka, considered the Omen officially triggered on this date with 92 and 81 new 52-week highs and lows, respectively. The McClellan Oscillator was a negative -120.03 and the 10-week NYSE moving average was rising; the market closed above its open of 50 days prior (May 27).[3] In the ensuing week, the Omen narrowly missed confirmation twice (August 13 and 19).
    August 20, 2010: According to the Wall Street Journal, the omen was confirmed on Friday, with 83 new 52-week highs and 95 new 52-week lows on the NYSE. The McClellan Oscillator was a negative -106.46 and the 10-week NYSE moving average was rising; the market closed above its open of 50 days prior (June 11).[4]
    August 24, 2010: 166 New Lows, 87 new Highs, McClellan Oscillator was negative, but the 10 week average began to fall. (Non-Confirmation.) (Although the 12 week average is still positive.)
    August 25, 2010: 150 New Lows, 90 new Highs, McClellan Oscillator was negative, but again the 10 week average was falling (Non-Confirmation.) (Although the 12 week average is still positive.)
    August 31, 2010: 86 New Lows, 164 new Highs, McClellan Oscillator was negative, and the 10 week moving average was up slightly 8.86 (0.13%) but falling (non-confirmation)
    December 14, 2010: 113 New Lows, 179 New Highs, 3063 Advancers+Decliners, McClellan Oscillator was negative (-5.36), NYSE Composite Index closed at 7855.22 vs 7272.53 50 trading days prior (October 4, 2010), and the 10 week moving average was rising.
    December 15, 2010: 89 New Lows, 156 New Highs, 3044 Advancers+Decliners, McClellan Oscillator was negative (-22.59), NYSE Composite Index closed at 7798.78 vs 7434.18 50 trading days prior (October 5, 2010), and the 10 week moving average was rising. This represents a single confirmation."
 
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