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will the Hidenburg omen affect australia!!

Good question to ask -  Will the “hindenburg omen” affect australia. The more important question  on everybody's  mind right now  is “Is the Hindeburg Omen even a possibilty?

Well if you are following what some doomsayers are saying “  The hiddenburg omen its   certainly coming  and the crash is not far away” . Right now Australians are nor fearing the  omen much more that the possibility of a double dip recession happening in the US with the housing market in disarray.

So what is the Hindenburg omen ?

The hindenburg omen named after famous German airship  that crashed in new jersey in 1937 , is a technical indicator that predicts not  just a bear market but a stock market crash.

Hindenburg omen Air_Crash_ australia market crash

The creator of the  this  omen is a blind mathematician named jim Miekka , said that his indicator is no predicting  a market meltdown next month.

For this crash to happen , the 5 criteria of the Omen  should be fulfilled:

1.That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.


2.That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.


3. That the NYSE 10 Week moving average is rising.


4.That the McClellan Oscillator is negative on that same day.


5.That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.

The Hindenburg Omen is going to make things very bad, very soon, if technical analysts are correct. Never heard of it? You’re not alone. It’s a market anomaly that happens very rarely. However, when it does happen, it can mean we are heading over a cliff, and fast. The last time it happened? June 2008.

Comments

  1. I am not sure about the H.O., but think that bonds are bubbly

    ReplyDelete
  2. This blog is quite nice and informative blog created by the webmaster

    Now a days Indian Market Looks to be trading in a Choppy Fashion which means a break on either side i.e up or down can lead to 50-100 points break,so it is advisable to trade with Strict Stoploss Strategy


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    KnowYourProfit


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    ReplyDelete
  3. Last Sunday I Opined about a possible Frog Boil based on a proprietary indicator, the VIX/VXN Volatility Ratio.

    Here is that Opine. Although prickly, not to be confused with porcupine.
    http://oahutrading.blogspot.com/2010/09/holy-grail-part-2-vixvxn-volatility.html

    And a new indicator. The PM Summation. This is a sub-component of my "Fear Factor" indicator.


    It draws nice trendlines. When money runs out of bonds, where will it go to?

    http://oahutrading.blogspot.com/2010/09/frog-boil-tasty-if-you-catch-it-at.html

    Cash?

    Real Estate (yeah right)

    precious metals

    US stocks

    China stocks

    Art work

    More Harley's to sit in the garage

    Junk bonds

    Well look above, first the 20 point drop to get the frogs to jumps into the pot, then a spastic increase in "heat" with occasional relief in temperature to convince the frogs to stay in the pot while tiring them out in duration. Note the orange line the 38 Fibo as defined in the blue notes, which seems to be Gandolf saying "you shall not pass". Let the battle commence.

    And here is the 9-12-2010 Chart showing the "Frog Boil" in action

    http://oahutrading.blogspot.com/2010/09/frog-boil-tasty-if-you-catch-it-at.html

    ReplyDelete
  4. Quick Note
    Are we at the edge of a P3 event?

    Who knows, but this is clear--

    Wallstreet is completely detached from mainstreet.
    "They" ramp things in the opposite direction to catch as many people off guard as possible. This is clear when correlations suddenly break down, which they have.

    It is amazing that "stock value" is actually computed into what is presented as cumulative "wealth".

    Think about that word, Wealth. Stock prices are just an electronic blip, a fleeting data point with less mass than a thought. But now that prices are up, suddenly the lie that wealth has increased is being pimped out by the Gov/Financial/Media complex.

    Just over a decade ago, I thought this way-- That the stock market price reflected the wealth and strength of our nation. This is how we are trained by the media and our financial "leaders / advisors". It is false.

    So in the last 2 weeks especially, that market is being ramped in the face of every other indicator showing the opposite. How long can the insanity last? Well look at 1999, it can last a long time. Elections coming up could really be Dabama saying to his G-team....whatever, take $100B and ramp the futures and market indices....make sure people are happy by election day.

    Here are some charts by darell, lots of ratio charts.

    http://oahutrading.blogspot.com/

    ReplyDelete
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  6. Hi,
    Seems like it’s a nice blog. So let us also add something useful in it. Trading in volatile market can be very fruitful also if we follow technical levels closely. It’s a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian stock market.

    Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.

    Regards
    . Sharetipsinfo Team

    ReplyDelete
  7. This blog is quite nice and informative blog created by the webmaster

    As per our previous posting we had already told that the Indian Stock Market is now in such a position that either side breakout can be witnessed soon and Today Sensex has Touched 19000 level Sensex


    Team
    KnowYourProfit


    +91-9871142419

    ReplyDelete
  8. This blog is quite nice and informative blog created by the webmaster

    As per our previous posting we had already told that the Indian Stock Market is now in such a position that either side breakout can be witnessed soon and Today Sensex has Touched 19000 level Sensex


    Team
    KnowYourProfit


    +91-9871142419

    ReplyDelete
  9. Nice post. Thank you for sharing. Stock market trading can fetch you a lot of profit if we play it smart.


    ReplyDelete

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