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Thread: The Hindenburg Omen

  1. #13

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    Post Re: The Hindenburg Omen

    Link courtesy of Birchtree.

    http://www.safehaven.com/article-7823.htm

    The Dow Industrials Drop 185 Points Friday, the day after we got a Confirmed Hindenburg Omen
    by Robert McHugh
    The Dow Industrials fell sharply again, down 185.58 points to close at 13,360.26 Friday. Volume was huge on the decline in all major averages, which is not good. NYSE volume was 134 percent of its 10 day average, with downside volume leading at 78 percent, with declining issues at 74 percent, with S&P 500 downside points leading at a near panic 89 percent. NYSE New 52 week Highs came in at 88, with New Lows at 73, and for all intents and purposes, we got a third Hindenburg Omen Friday.

    The Dow Industrials Drop 185 Points Friday, the day after we got a Confirmed Hindenburg Omen
    by Robert McHugh
    The Dow Industrials fell sharply again, down 185.58 points to close at 13,360.26 Friday. Volume was huge on the decline in all major averages, which is not good. NYSE volume was 134 percent of its 10 day average, with downside volume leading at 78 percent, with declining issues at 74 percent, with S&P 500 downside points leading at a near panic 89 percent. NYSE New 52 week Highs came in at 88, with New Lows at 73, and for all intents and purposes, we got a third Hindenburg Omen Friday.

    Oftentimes equities will rally after a Hindenburg Omen occurs, faking folks out, then the plunge comes on the other side of the hilltop. 1987 is a perfect example of that, as was 2006.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  3. #14

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    Default Re: Bear Cave ( Bull is Allowed! )

    "It is the presence of this Hindenburg Omen that makes us take Tuesday's plunge very seriously."

    http://www.safehaven.com/article-7935.htm

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  5. #15

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    Arrow Re: The Hindenburg Omen

    So Where Are the Dow Industrials Headed?

    Mon, Jul 9 2007, 14:32 GMT
    by Robert McHugh, Ph.D.
    Main Line Investors, Inc.



    Short term, the Dow Industrials are approaching an Intermediate term top. However, there is evidence that suggests more upside is likely over the next few weeks, leading to that top. The below pattern in the Dow Industrials is an Ascending Expanding Wedge, with diverging upper and lower boundaries, which suggests a top here of significance. Once complete, prices can be expected to drop to about the start of the pattern, at a minimum, meaning into the 9,000s over the intermediate-term, although if the PPT responds by hyperinflating the money supply, it could be 9,000 in real dollars (gold adjusted), not nominal. A confirmed Hindenburg Omen remains on the clock until October, 2007.

    http://www.fxstreet.com/futures/mark...007-07-09.html
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  7. #16

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    Default Re: The Hindenburg Omen

    Thursday was third wave up.


    Keep in mind the Hindenberg.

    Any day now....

    (this photo of the Hindenberg crashing edited out by request of some viewers.)


    Last edited by James48843; 07-18-2007 at 04:24 PM.

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  9. #17

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    Default Re: The Hindenburg Omen

    Quote Originally Posted by Show-me View Post
    Short term, the Dow Industrials are approaching an Intermediate term top. However, there is evidence that suggests more upside is likely over the next few weeks, leading to that top.
    What is that guy's articulable reason for a top? A major problem with technical analysis is that people overdo it and draw trendlines that are insignificant. The only significant line will be whether or not 1540 is our new support. Picking tops is too much guesswork. IBD has been recommending caution for about 11 months now.

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  11. #18

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    Default Re: The Hindenburg Omen

    Time to bring this thread back to life?


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  13. #19

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    Default Re: The Hindenburg Omen

    Quote Originally Posted by James48843 View Post
    Time to bring this thread back to life?
    Yep, you beat a drum long enough and you're bound to be right, sooner or later.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

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  15. #20

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    Default Re: The Hindenburg Omen

    It was reported that there was a third Hindenberg Omen yesterday.

    Can anyone provide a link to confirm?

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  17. #21

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    Default Re: The Hindenburg Omen

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  19. #22

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    Default Re: The Hindenburg Omen

    And here:

    https://www.technicalindicatorindex.com/Default.asp

    Dang- how did we miss that?

    Third Hindenberg Omen.


    Everybody- expect a nice big fall from here!

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  21. #23

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    Default Re: The Hindenburg Omen

    Quote Originally Posted by James48843 View Post
    Third Hindenberg Omen.


    Everybody- expect a nice big fall from here!
    Doesn't the original back in June expire after 120 days?
    And didn't we already have a >5% (9.7%) decline?
    Is this the start of a new omen or a continuation?
    Any data on occurances this far apart?

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  23. #24

    Default Re: The Hindenburg Omen

    http://www.safehaven.com/article-3882.htm

    "Hindenburg Omens are relatively rare. In checking them from 1997, going back to 1970, Jim found that they usually occurred prior to major declines, with relatively few false signals. Sometimes two or three signals occurred in a row, within days of each other. I consider that a signal expires 30 days after its last occurrence, unless a decline has taken place within that time. There was only one signal before the 7% drop in October of 1989, but there were several days of signals in both 1987, and again in June- July before the 20% drop into October, 1990. There were several before the 10% drop in March 1994."

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