tag:blogger.com,1999:blog-19117057.post839455521127207612..comments2023-11-08T05:18:23.108-05:00Comments on Jaywiz Financial Re$ources: WAVE conclusion next 8 daysJay Strausshttp://www.blogger.com/profile/11442169444589843815noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19117057.post-15523025321112667042010-08-15T00:03:45.159-04:002010-08-15T00:03:45.159-04:00Hindenburg Omen," an indicator that depends o...Hindenburg Omen," an indicator that depends on a number of variables that was triggered on Thursday in the stock market, portending a sharp correction in coming months.<br /><br />Named after the zeppelin disaster that took place over Lakehurst, N.J., in 1937, the pattern is a "rare but potent" sell signal, said Jay Shartsis, director of option trading at R.F. Lafferty & Co.<br /><br />For this to be activated, it requires at least 2.2 per cent of the market to reach new 52-week highs and 52-week lows on the New York Stock Exchange on the same day, which happened Friday, suggesting a lack of conviction among investors.<br /><br />However, it also needs to happen in a rising market, based on certain indicators, including a 10-week moving average of the NYSE Composite, which has to be rising.<br /><br />Shartsis said the indicator "speaks for itself," noting that when confirmed by a second occurrence within 36 days, "every crash [since 1985] was preceded by such a signal."<br /><br />Some thing to think about.<br /><br /><br />All the best.goldentouchhttps://www.blogger.com/profile/10388004597607278806noreply@blogger.com