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Hindenburg Omen Confirmation #1

Posted By admin On August 20, 2010 @ 3:53 am In Money Watch | Comments Disabled

Flashback: Dreaded Hindenburg Omen Will Play Out Within 4 Weeks [1]

Tyler Durden
Zero Hedge [2]
Aug 20, 2010

Today we got our first Hindenburg Omen confirmation. The number of new highs was 136, and new lows was at 69 (per the traditional WSJ [3]source).

Granted this particular criteria set was a little weak as the 69 is precisely on the borderline for confirmation (the 2.2%), and the new highs number was not more than double the new lows (although it was close).

Less gating were the McClellan oscillator which was negative at -83.6, and the 10 week MVA, which rose, which were the two remaining conditions.

The first omen was spotted on August 12 – a week later the H.O has been confirmed.

The more confirmations, the scarier it gets from a technical perspective, not to mention the conversion into a self-fulfilling prophecy (like every other technical indicator).

Having A Supply Of Healthy Foods That Last Just Makes Sense [4]

Hindenburg Omen Confirmation #1 150410banner7 [5]

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URL to article: http://www.prisonplanet.com/hindenburg-omen-confirmation-1.html

URLs in this post:

[1] Dreaded Hindenburg Omen Will Play Out Within 4 Weeks: http://www.prisonplanet.com/dreaded-hindenburg-omen-will-play-out-within-4-weeks.html

[2] Zero Hedge: http://www.zerohedge.com/article/hindenburg-omen-confirmation-1

[3] WSJ : http://online.wsj.com/mdc/public/page/2_3021-newhinyse-newhighs.html

[4] Having A Supply Of Healthy Foods That Last Just Makes Sense: http://www.efoodsdirect.com//index.html?aid=14&adid=43

[5] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

[6] Third Hindenburg Omen Confirmation: http://www.prisonplanet.com/third-hindenburg-omen-confirmation.html

[7] Second Hindenburg Omen Confirmation In As Many Days, Third H.O. Event In One Week: http://www.prisonplanet.com/second-hindenburg-omen-confirmation-in-as-many-days-third-h-o-event-in-one-week.html

[8] Hindenburg Omen: Stock Market Crash Imminent?: http://www.prisonplanet.com/hindenburg-omen-stock-market-crash-imminent.html

[9] Hindenburg Omen Creator Has Exited The Market: http://www.prisonplanet.com/hindenburg-omen-creator-has-exited-the-market.html

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