Hindenburg Omen predicted in August / September – Stock markets to crash?

Hindenburg Omen predicted market crash in September

Hindenburg Omen predicted in September in the US stock markets by it’s creator, Jim Miekka, who has has sold all his stocks aftre the third occurrence. The markets are predicted to crash by September.

What is Hindenburg Omen?

Hindenburg Omen is a technical analysis pattern in the stock markets. Hindenburg Omen is said to predict a stock market crash. Hindenburg Omen is based on High Low Logic Index (HLLI). The value of the HLLI is the lesser of the NYSE new highs or new lows divided by the number of NYSE issues traded, smoothed by an appropriate exponential moving average.

The idea behind the Hindenburg Omen is that under ‘normal conditions’ either a substantial number of stocks may set new annual highs or annual lows, but not both at the same time. As a healthy market possesses a degree of uniformity, whether up or down, the simultaneous presence of many new highs and lows may signal trouble.

The was created by Jim Miekka

What it is called Hindenburg Omen?

It is named after the Hindenburg disaster of May 6, 1937, during which the German zeppelin Hindenburg was destroyed.

Why Hindenburg Omen is significant now?

One August 12, 2010 the Hindenburg 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 same has been confirmed again on August 20 and again today on August 24. It is reported that it’s creator, Jim Miekka, has sold all his stocks aftre the third occurance.