Hindenburg Omen


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Hindenburg Omen

A technical indicator that purportedly predicts a bear market or a crash when there is a large number of 52 weeks highs and 52 week lows on the NYSE. There is disagreement on the threshold. Some say 2.5% or 2.8% of issues traded on NYSE in a day. Named after the German zeppelin that caught fire on May 6, 1937.
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Named after the famed German zeppelin that burned and crash over New Jersey in 1937, the Hindenburg omen occurs when an unusually high number of companies in the New York Stock Exchange reach 52-week highs and lows.