One's Observations

A collection of some things I observe along the way.


"According to an indicator known as the "Hindenburg Omen," criteria are lining up to make a crash more plausible. The scenario has some market watchers wondering if they'll soon hear shouts from Wall Street."

"The Dow Jones Industrial Average has dropped 2.5% since the indicator was triggered the first of three times on Aug. 12. The market action has turned Mr. Miekka, a blind former high-school physics teacher, into a reluctant celebrity."

"Mr. Miekka devised the indicator using a formula that parses data including 52-week stock levels and moving averages of the New York Stock Exchange. Other criteria include a rising 10-week NYSE moving average and a negative technical indicator that measures market fluctuations. All these gauges must occur simultaneously on the same day to trigger the Hindenburg Omen."

Wall Street Journal Article
KSAX, FOX Phoenix Story



Share and Save

Blog directory
Bloggapedia, Blog Directory - Find It!