A correction doesn't happen until we lose 10% or more - we experienced a mild consolidation. If the Kress cycles are important hell arrives in 2014.
Is the event over? If so, I would say the HO signal was a success, calling a decent correction of 4.8% from 1652 to 1573.
A correction doesn't happen until we lose 10% or more - we experienced a mild consolidation. If the Kress cycles are important hell arrives in 2014.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Albertarocks' TA Discussions: Hindenburg Omen Fires Off Another Volley
HO signals reported for August 5th and August 6th.
There are 10 types of people in the world. Those who know binary, and those that don't!!
Retired on December 31, 2018!!
oh fiddlesticks- not another round of ho's! yuk.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
We are in the strongest bull market in 65 years - have no fear of Hindenburg. They are simply trying to scare you away from investing.
No signal for the 7th, but there was a 3rd signal yesterday, August 8th. That 3 signals in 4 days, quite a "cluster", as these guys call it (which starts a new event, I am assuming). Some quick facts based on historical results of official signals:
73% chance there will NOT be a major stock market crash!
Decline of at least 2-5% -- 92% chance
Decline of at least 5-8% -- 77% chance
Decline of at least 8-10% -- 54% chance
Decline of at least 10-15% -- 39% chance
Decline of more than 15% -- 27% chance
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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