Business, Legal & Accounting Glossary
A technical analysis pattern used to predict large market corrections or crashes in the NYSE. It is named after the famous Hindenburg disaster in 1937. The “omen” is triggered when 1) the daily number of both new 52-week highs and new 52-week lows meets or exceeds 2.8% of all NYSE issues that advance or decline that day 2) the NYSE index is greater in value than 50 trading days ago 3) the McClellan Oscillator is negative the same day and 4) the new 52-week highs are less than double the new 52 week lows (though new lows can be more than double new highs).
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This glossary post was last updated: 20th November, 2021 | 0 Views.