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We got a third official Hindenburg Omen observation Tuesday, August 24th
We got a fourth official Hindenburg Omen observation Wednesday, August 25th.
There only need to be two observations to form a cluster that raises the probability of a coming stock market plunge from random on any given day (less than one-tenth of one percent), to thirty percent for a crash over a coming four month period, and over 75 percent for a significant decline to occur over the coming four months. What the additional observations mean is that markets remain in a high risk state, as uniformity is lacking. It is a reminder of the dangerous condition of the market.
Since we got the first observation of this latest Hindenburg Omen cluster on August 12th, 2010, the Industrials fell 382 points. Since the indicator became official with Friday, August 20th’s second observation, the Industrials have lost 275 points. Markets are at risk of significantly further decline over the next several months.
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September 13th, 2010 at 12:08 pm
[...] the complete 36-day window for Omen spotting expires… re-sighting reports have been very much confined to the [...]