The Hindenburg Omen: A Self-Fulfilling Prophecy? (#hindenburgomen)

The Hindenburg Omen:

Signals that point to a stock plunge, including the Hindenburg Omen, named for a German zeppelin that caught fire and crashed more than seven decades ago, have increased investors’ negative sentiment toward equity markets, Levkovich, said today in a radio interview with Tom Keene on Bloomberg Surveillance. The Hindenburg Omen, occurring when an unusually high number of companies on the New York Stock Exchange reach 52-week highs and lows, only signals a slump in stocks one in four times, Levkovich said.