LordJezo
08-17-2010, 05:38 AM
Last Friday the Hindenberg Omen was seen..
http://www.consumeraffairs.com/news04/2010/08/the_omen.html
From Wikipedia:
http://en.wikipedia.org/wiki/Hindenburg_Omen
Mechanics
The Hindenburg Omen is the alignment of several technical factors that measure the underlying condition of the stock market—specifically the NYSE.
The main goal of the indicator is to determine if a higher overall probability exists such that a stock market crash has a higher likelihood than normal.
The Hindenburg Omen can also assess to a limited extent if a probability of a severe decline is on average higher than normal.
The general rationale behind the indicator is that "under normal conditions" either
A substantial number of stocks set new annual highs
A substantial number of stocks set new annual lows
Conditions 1 & 2 cannot both take place at the same time, it is either one or the other—but not both
People are running around at work now talking about how the market is about to crash. Should we be moving our money out of the market and into something else? 4 weeks are all thats left until disaster.
http://www.telegraph.co.uk/finance/markets/7944824/Hindenburg-Omen-foreshadows-imminent-FTSE-crisis-warns-BGCs-David-Buik.html
In his daily morning note, David Buik at BGC Partners drew attention to the Hindenburg Omen, which he described somewhat theatrically as "easily the most feared technical pattern in all of chartism". Those of a wary disposition also noted the date - Friday 13th.
Things can be shifted out to treasury bonds quickly for the next 60 days in order to protect ourselves. Will you do it or risk it what is about to happen?
http://www.consumeraffairs.com/news04/2010/08/the_omen.html
From Wikipedia:
http://en.wikipedia.org/wiki/Hindenburg_Omen
Mechanics
The Hindenburg Omen is the alignment of several technical factors that measure the underlying condition of the stock market—specifically the NYSE.
The main goal of the indicator is to determine if a higher overall probability exists such that a stock market crash has a higher likelihood than normal.
The Hindenburg Omen can also assess to a limited extent if a probability of a severe decline is on average higher than normal.
The general rationale behind the indicator is that "under normal conditions" either
A substantial number of stocks set new annual highs
A substantial number of stocks set new annual lows
Conditions 1 & 2 cannot both take place at the same time, it is either one or the other—but not both
People are running around at work now talking about how the market is about to crash. Should we be moving our money out of the market and into something else? 4 weeks are all thats left until disaster.
http://www.telegraph.co.uk/finance/markets/7944824/Hindenburg-Omen-foreshadows-imminent-FTSE-crisis-warns-BGCs-David-Buik.html
In his daily morning note, David Buik at BGC Partners drew attention to the Hindenburg Omen, which he described somewhat theatrically as "easily the most feared technical pattern in all of chartism". Those of a wary disposition also noted the date - Friday 13th.
Things can be shifted out to treasury bonds quickly for the next 60 days in order to protect ourselves. Will you do it or risk it what is about to happen?