Don't Ignore This Chart

Hindenburg Omen Almost Triggers as New Lows Surge

This blog entry has been updated to reflect new information. The Hindenburg omen almost triggered on July 23rd. First, notice that new highs and news lows as a percentage of total issues surged above 2.8%. Second, notice that new highs were less twice the number of new lows. The third factor did not trigger as the NY Composite was not above the level it had 50 days ago.

120725hindi
Click this image for a live chart

|

Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!
comments powered by Disqus