History
The Omen is largely based on Norman G. Fosback's High Low Logic Index (HLLI). The value of the HLLI is the lesser of the NYSE new highs or new lows divided by the number of NYSE issues traded, smoothed by an appropriate exponential moving average. The Omen itself is said to have originated with Jim Miekka, and the name was suggested by the late Kennedy Gammage.
Read more about this topic: Hindenburg Omen
Famous quotes containing the word history:
“Books of natural history aim commonly to be hasty schedules, or inventories of God’s property, by some clerk. They do not in the least teach the divine view of nature, but the popular view, or rather the popular method of studying nature, and make haste to conduct the persevering pupil only into that dilemma where the professors always dwell.”
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