Loading ...Actually no Hindenburg Omens in June/July using original criteria.
Not possible. The criteria was tightened by Jim Meikka, the creator of the indicator, simply to correct for the effect of ETFs. So if HO warnings are issued today they would have definitely been issued on the old criteria. Trust me I know, I wrote a column on the topic for nearly 4 years on Seeking Alpha. I eventually just dropped it because although the logic behind the Hindenburg Omen is brilliant, the bankers literally wrecked its efficacy… just like they have completely wrecked the markets overall.
In fact, many of the reports of HO warnings in years past were put out by “analysts” who didn’t even know the criteria had been slightly altered. So the reports they issued were actually false alarms based on the old (and defunct) criteria, further providing ammo for the debunkers to laugh at the HO as a “piece of junk”. It’s actually one of the greatest indicators of all time, but like I said, it has been literally broken by the bankers refusal to “allow” the markets to drop when economic mother nature said “they have to drop”. And of course, in the long haul mother nature will win.