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I think somebody forgot their Meds.
Originally posted by XXX777
Originally posted by reficul
?????? would you care to elaborate on this theory of yours? it's pretty vague.
Quick! Before some ~moderator~ bans me, or deletes me, or does something else un-moderate.
Two such signals within a 36-day period is consider ed a Hindenburg Omen. The Hindenburg Omen portends a serious decline within the next 40 days . (note: the 36 day period is somewhat ambiguous, as we have seen some say it is a 30 day period, and some say it must be 30 calendar vs. 30 business days).
Let’s look at the first “observation” that occurred on April 15 th of this year.
1) NYSE New 52 Week Highs = 70 , New Lows = 77 . Both exceeded 2.2% of total issues that day.
2) The 10 Week (50 Day) Moving Average Was Rising
3) The McClellan Oscillator was negative
4) New 52 Week highs were NOT more than twice 52 week Lows
All 4 criteria were met.
Now on Wednesday, May 29 th , we got a second “observation”, which creates the confirmation of the Omen.
1) NYSE New Highs = 58 , New Lows = 104 . Both exceeded 2.2% of total issues that day
2) The 10 Week (50 Day) Moving Average Was Rising
3) The McClellan Oscillator was negative
4) New 52 Week highs were NOT more than twice 52 week Lows
Oh! Check this out. My local newspaper ran a story Friday about a Masonic Temple for sale. Odd. They said the place had been for sale for 15 years. Why mention it in the newspaper? Why mention it after 15 years? Why mention it Friday? Are the Freemasons selling it all and cashing out so to speak?
He goeth after her straightway, as an ox goeth to the slaughter, or as a fool to the correction of the stocks; [ Proverbs 7:22 ]