Hindenburg Omen Triggers As New Lows Surge

The Hindenburg Omen triggered on Monday as the percentage of new lows and new highs on the NYSE moved above 2.8%. There is some debate on this threshold because I have seen 2.2% and 2.4% used by other analysts. Using these lower thresholds, the omen triggered again on Wednesday. Even though this is a bearish signal, don't forget that the August 2010 signal did not pan out.

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