Hindenburg Omen: Is a Stock Market Crash Imminent?

Source: thestreet.com

NEW YORK – It may just be the summer doldrums, or the ominous occurrence of a Friday the 13 in mid-August, but the Hindenburg Omen — a technical indicator of an impending stock market crash — is suddenly as important a market mover as testimony from Federal Reserve chairman Ben Bernanke.

The blog Zero Hedge, writing in a vein that seems made for professional boxing or WWE pay-per-view event hype, describes the Hindenburg Omen as “Easily the most feared technical pattern in all of chartism (for the bullishly inclined). Those who know what it is, tend to have an atavistic reaction to its mere mention.”

In case you hadn’t heard, Thursday’s action on the New York Stock Exchange registered a technical anomaly known as the Hindenburg Omen. Read: just like the doomed German airship, the markets are fated to crash and burn. Still worse, Wednesday’s trading action almost sparked Hindenburg Omen conditions. It takes two Hindenburg Omen trading days within a 36 day window to trigger the end of life in the markets as we know it.

Read full article…

version

Next Post

Killer vampire bats attack 500 people

Mon Aug 16 , 2010
Source: telegraph.co.uk Rabid vampire bats have attacked more than 500 people in Peru’s Amazon, leading to the deaths of four children. The attacks occurred in the village of Urakusa, in northeastern Peru, where the indigenous Aguajun tribe lives. At least four people are believed to have succumbed to rabies as […]