"Late San Diegan Created Name of Market Disaster Omen" by Scam Diego

Scam Diego

Late San Diegan Created Name of Market Disaster Omen

Don Bauder, August 16, 2010

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.

SurfPuppy619 Aug. 17, 6:48 a.m.

We are headed for a major meltdown, but there is no predicting when ....

dbauder Aug. 17, 7:36 a.m.

Response to post #1: There is never any predicting WHEN a market meltdown or meltup will occur. Market timing generally doesn't work. One of the most important truths of economic and market forecasting is that you may have a pretty good idea that something should happen, but you never know when. And quite often, when the event finally occurs, it is far more dramatic, and perhaps traumatic, than you had anticipated. Best, Don Bauder

skyship007 Aug. 17, 9:25 a.m.

Hi folks, As I post this comment the market is lifting off, so the, OH the market crashing humanity! doom, gloom and Hindenburg boom followers were wrong (I hope). Also they use Helium and even if you paint the envelope in a version of rocket fuel as the Germans did it will not burn as the helium puts a fire out. If you want to see more on airships, past, present and future see: www.airshipblimp.com or if you just want a helium sniffing laugh try www.airship.me the worlds only lighter than air comedy site, with lots of funny pictures and U tube links fit for all the family. Regards Bond, James Bond. (Skyship blimp pilot in a View to a Kill) PS. For the star of a future James Bond film see the Skycat: www.hybridairvehicles.com>

nan Aug. 17, 10:30 a.m.

OK...i'm heading to the store to buy cases and cases of Ramen noodles

DON?

again how can i align my market purchases with ur market picks???

ur gonna make a fortune on ur Kleenex stock!!!

dbauder Aug. 17, 11:38 a.m.

Response to post #3: Yes, there is a rowdy rally today (Aug. 17), but I don't know that the Hindenburgers are unhappy. For one thing, they expect the crash in September, not this month. For another, the Hindenburgers want the New York Stock Exchange's 10-week moving average to be rising, not falling. Crashes normally come after big rallies -- you know, rather like pride goeth before a fall. Incidentally, the Hindenburg Omen has apparently called every crash since 1987, but it has also called some crashes that did not occur. Best, Don Bauder

dbauder Aug. 17, 11:54 a.m.

Response to post #4: I assume you think the September crash will have everybody weeping -- ergo, Kleenex sales will soar, thus boosting the stock of Kimberly Clark. On the other hand, people jumping out of windows and off bridges will reduce the number of consumers, perhaps offsetting the sales to those who are lachrymose. But suppose there is not a September crash? Best, Don Bauder

paul Aug. 17, 11:58 a.m.

"But suppose there is not a September crash?"

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In that case, tears of joy?

Either way you are covered.

Besides, the flying-pig flu season is just around the corner...

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