So we have rules number 1 and 2, waiting for more new 52 week lows to be made. This will require a sell-off of a portion, or sector of the index to start throwing it out of balance. Nothing that will happen over night.
Rule number 3, the 10 week MA is satisfied, and will stay there for awhile.
Rule number 4 needs to be checked daily, but one should not concern themselves until we start seeing more 52 week lows.
Rule number 5, can not even kick in until rules number 1 and 2 are satisfied.
...The best thing to do for now is to keep your eyes on the weaker sectors...As the lows start increasing I am sure it will fill the blogs with chat, and most will be aware of an approaching Hindenburg Omen before it gets confirmed.
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