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.
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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.
Albertarocks' TA Discussions: Hindenburg Omen Fires Off Another Volley
HO signals reported for August 5th and August 6th.
oh fiddlesticks- not another round of ho's! yuk.
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