Thread: The Hindenburg Omen

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.

Originally Posted by bmneveu

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.

Close...

"From historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%"

"Of the previous 25 confirmed signals only two (8%) have failed to predict at least mild (2.0% to 4.9%) declines."

- WSJ

Albertarocks' TA Discussions: Hindenburg Omen Fires Off Another Volley

HO signals reported for August 5th and August 6th.

Originally Posted by bmneveu

Albertarocks' TA Discussions: Hindenburg Omen Fires Off Another Volley

HO signals reported for August 5th and August 6th.

I know I'm jumping the gun here, but I can't wait.....any new HO for 8-7?

I am sitting on the fence as to whether now is a good dip buying opportunity or not.

Originally Posted by uscfanhawaii

I know I'm jumping the gun here, but I can't wait.....any new HO for 8-7?

I am sitting on the fence as to whether now is a good dip buying opportunity or not.

I haven't seen anything yet, but I'm lookin' for ya

oh fiddlesticks- not another round of ho's! yuk.

Originally Posted by bmneveu

Albertarocks' TA Discussions: Hindenburg Omen Fires Off Another Volley

HO signals reported for August 5th and August 6th.

Now I have to mention you in the commentary again.

Thanks for the heads up.

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.

Originally Posted by uscfanhawaii

I know I'm jumping the gun here, but I can't wait.....any new HO for 8-7?

I am sitting on the fence as to whether now is a good dip buying opportunity or not.

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

Originally Posted by Birchtree

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.

This conclusion is supported by Marc Faber becoming the most strident he has ever been about an imminent crash. He's becoming ever more frustrated.

Hasn't he been predicting a major correction about every other month since January??? I guess if you keep saying something often enough, eventually you'll be right.

Originally Posted by Warrenlm

This conclusion is supported by Marc Faber becoming the most strident he has ever been about an imminent crash. He's becoming ever more frustrated.