The Hindenburg Omen was a proposed technical analysis pattern, named after the Hindenburg disaster of May 6, 1937. It was created by Jim Miekka, who believed that it predicted stock market crashes.[1] History[edit] The theory is largely based on Norman G. Fosback's High Low Logic Index (HLLI).[2] The value of the HLLI is the lesser of the NYSE new highs or new lows divided by the number of NYSE is