Here's something you might be interested in.
Wall Street is abuzz about a stock market technical indicator called the "Hindenburg Omen." It was invented by a blind mathematician and market technician, James Miekka, who has homes in Maine and Florida. But the name was suggested by the late Kennedy Gammage, a market technician who lived in La Jolla and worked with Miekka, who is saying that his indicator is flashing a market crash in September. Both the Wall Street Journal and Forbes have written about the indicator in the last few days. The signals are a bit esoteric. To portend a collapse, the daily numbers of New York Stock Exchange 52 week highs and lows must be more than 2.5% of total issues traded. The McClellan Oscillator, which measures market fluctuations (and was used regularly by Gammage) must be negative. There are other signals, and they are flashing "Look out below!" says Miekka, whom some scorn. Incidentally, Gammage came up with the name "Hindenburg," after the famous airship accident, after he learned that "Titanic" had already been taken, according to the Journal.
Wall Street is abuzz about a stock market technical indicator called the "Hindenburg Omen." It was invented by a blind mathematician and market technician, James Miekka, who has homes in Maine and Florida. But the name was suggested by the late Kennedy Gammage, a market technician who lived in La Jolla and worked with Miekka, who is saying that his indicator is flashing a market crash in September. Both the Wall Street Journal and Forbes have written about the indicator in the last few days. The signals are a bit esoteric. To portend a collapse, the daily numbers of New York Stock Exchange 52 week highs and lows must be more than 2.5% of total issues traded. The McClellan Oscillator, which measures market fluctuations (and was used regularly by Gammage) must be negative. There are other signals, and they are flashing "Look out below!" says Miekka, whom some scorn. Incidentally, Gammage came up with the name "Hindenburg," after the famous airship accident, after he learned that "Titanic" had already been taken, according to the Journal.