Investors use a host of technical market gauges.
One of them is the Hindenburg Omen, which is triggered when there is a high number of new 12-month highs and new 12-month lows and helps to detect stock market corrections.
According to Mark Hulbert, founder of the Hulbert Financial Digest, the indicator has been wrong as of late and investors might as well flip a coin to figure out if there is a looming correction coming in stocks.
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