Hindenburg omen

Definition

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).

Use Hindenburg omen in a sentence

You may want to try and use a hindenburg omen to figure out the best way for you to proceed in the future.

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The hindenburg omen was a really cool analysis pattern and I thought it would be a good thing for us to do.

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When my stockbroker told me that the Hindenburg omen had appeared today, I closed all of my long positions and kept my money under a metaphorical mattress.

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