{"id":19811,"date":"2012-07-25T13:01:43","date_gmt":"2012-07-25T17:01:43","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19811"},"modified":"2016-09-20T12:15:03","modified_gmt":"2016-09-20T16:15:03","slug":"no-the-hindenburg-omen-did-not-trigger-some-clarification","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/07\/25\/no-the-hindenburg-omen-did-not-trigger-some-clarification\/","title":{"rendered":"NO, The Hindenburg Omen DID NOT TRIGGER – Some Clarification"},"content":{"rendered":"

Last night I was reading some interesting commentary that stated that the Hindenburg Omen, a somewhat obscure technical indicator, had been triggered. However, just the day before, I was reading Tom McClellan’s daily commentar<\/strong><\/a>y which explicitly stated that only parts of the equation that make up the signal had been confirmed. Conflict and confusion….<\/p>\n

The first article<\/strong><\/a> I read stated the indicator was triggered was written by StockCharts.com. Aurthur Hill, a noted technical analyst put out a post that showed the various reasoning as to why the Omen <\/em>was now active.<\/p>\n

The day before, blogger Andrew Thrasher wrote about it on ForexPros<\/strong><\/a>, confirming it as well.<\/p>\n

However, after looking at the charts and indicator that I follow, I disagree.<\/p>\n

Below is a chart and indicator created by the technical chart team at Bloomberg. I conferred with Bill Sindel (my tech\/chart guru) and he agreed that the indicator was NOT<\/strong> triggered. (It would have a colored notation above the date on the chart)<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

Tom McClellan also confirmed in an email to me that the conditions were not met. Referring to the Aurthur Hill, Stockcharts.com article:<\/p>\n

“One of the criteria cited in that article is incorrect. \u00a0 He states that $NYA was above its 50MA, but that is not the correct criterion as published by James Miekka. \u00a0 Instead, the criterion is that this 50MA (or 10-week MA of weekly closes) has to be rising, which it was not.<\/em><\/p>\n

This does not preclude the condition of NH and NL both exceeding the threshold from being bad news. \u00a0 It just means that it does not qualify<\/em>
\nas a Hindenburg Omen event.” \u00a0 \u00a0 Tom McClellan<\/em><\/p>\n

So, we can all breathe a little easier I suppose.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Last night I was reading some interesting commentary that stated that the Hindenburg Omen, a somewhat obscure technical indicator, had been triggered. However, just the day before, I was reading Tom McClellan’s daily commentary which explicitly stated that only parts of the equation that make up the signal had been confirmed. Conflict and confusion…. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,42],"tags":[165],"class_list":["post-19811","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","tag-technical-analysis","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=19811"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19811\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}