The Hindenburg Omen

**tsptalk** · 04-28-2004, 02:02 PM

I just added this to the comments...

Update: 10:05 AM - I talked about some of the indicators showing signs of a sell off below. I don't have time to explain it here, but one of them is called the "Hindenburg Omen". It may be nonsense but if you look it up, you will see there have been some major sell offs after it was triggered. Given this morning's market action, I may be stepping aside again. I will keep you informed on the message board and, if I make a change, I will send out an email alert.

Tom

**smine** · 04-28-2004, 02:17 PM

With all the disappointment with international, will buying up some I fund be a thought?

**tsptalk** · 04-28-2004, 03:11 PM

Do you mean a contrarian play? Buy because things look bad?...Maybe.

I'm am going to step aside and see what develops.

**smine** · 04-28-2004, 03:35 PM

Yeah, exactly. Buy low, sell high.

**tsptalk** · 04-28-2004, 06:38 PM

Ugly day for stocks and bonds. Something to do with China's over heating economy.

**Mr. Duke** · 04-29-2004, 12:05 AM

I'm with Smine..... I've been waiting for the hard hit to jump back in... can't decide what yet.... Have been working the I fund hard since probably December...S & I are probably toss ups ....Maybe I will do 50-50 S & I....Tom's pulling back ....what you gonna do Smine?

**puertorico** · 04-29-2004, 05:11 AM

I GONNA pull the trigger

I may be in the game for friday

and monday

:?thinking about it:?

40-c 35-s 25-i :shock:

**smine** · 04-29-2004, 02:10 PM

I'm a gonna wait a little to watch the market; it's on an upswing now. Probably leaning towards jumping in some CSI. Will hold out for now....all relative to Friday!

**tsptalk** · 04-29-2004, 02:38 PM

The new AAII sentiment survey numbers came out. 50% bullish, 21% bearish. A lot better than the 64/14but 30-40% bearish is a better indicator of a bottom. In late March, the bearish figurewent over 40% before we saw a rebound. But I'm not sure if I can be that patient.