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DemReadingDU Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-13-10 07:18 AM
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14. The Hindenburg Omen Has Arrived

8/12/10 The Hindenburg Omen Has Arrived

Easily the most feared technical pattern in all of chartism (for the bullishly inclined) is the dreaded Hindenburg Omen. Those who know what it is, tend to have an atavistic reaction to its mere mention. Those who do not, can catch up on its implications courtesy of Wikipedia, but in a nutshell: "The Hindenburg Omen is a technical analysis that attempts to predict a forthcoming stock market crash. It is named after the Hindenburg disaster of May 6th 1937, during which the German zeppelin was destroyed in a sudden conflagration."

Granted, the Hindenburg Omen is not a guarantee of a crash, and the five criteria that must be met for a Hindenburg trigger typically need to reoccur within 36 days for reconfirmation. Yet the statistics are startling: "Looking back at historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%, and usually takes place within the next forty-days." The last Hindenburg Omen occurred during the lows of 2009. Today, we just had another (unconfirmed) Hindenburg Omen. It is time to batten down the hatches - something big is coming.

Click to read the 5 criteria of The Hindenburg Omen

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  -STOCK MARKET WATCH, Friday August 13 ozymandius  Aug-13-10 04:30 AM   #0 
  - Today's Reports  ozymandius   Aug-13-10 04:33 AM   #1 
  - July retail sales up for first time in 3 months  Roland99   Aug-13-10 07:48 AM   #19 
  - U.S. Consumer Prices Climb, Easing Deflation Risk  Ghost Dog   Aug-13-10 11:53 AM   #35 
  - Consumer Sentiment Index in U.S. Increased in August  Ghost Dog   Aug-13-10 11:56 AM   #36 
     - They're asking crack smokers again.  ozymandius   Aug-13-10 01:04 PM   #48 
        - Or Germans  Demeter   Aug-13-10 03:56 PM   #54 
  - Oil rises above $76 as world stocks bounce back  ozymandius   Aug-13-10 04:35 AM   #2 
  - Jobs picture dims as unemployment claims rise  ozymandius   Aug-13-10 04:38 AM   #3 
  - It's a Sign that Recovery Is a Non-Starter and a Fraud  Demeter   Aug-13-10 06:09 AM   #11 
     - Morning Marketeers...  AnneD   Aug-13-10 07:15 AM   #13 
        - That's outrageous  DemReadingDU   Aug-13-10 07:41 AM   #16 
        - That's why I liked Cheddar's restaurant back in Lousville  Roland99   Aug-13-10 07:45 AM   #18 
        - And they try to convince us....  AnneD   Aug-13-10 11:15 AM   #31 
        - One of my friends was a chef at a very fancy restaurant in Boston,  Warpy   Aug-13-10 11:51 AM   #34 
           - And that is my point.....  AnneD   Aug-13-10 01:00 PM   #45 
              - Just your budget  Demeter   Aug-13-10 01:01 PM   #47 
                 - LOL LOL LOL .....  AnneD   Aug-13-10 02:15 PM   #50 
  - US bailouts aided foreign firms: watchdog  ozymandius   Aug-13-10 04:42 AM   #4 
  - Euro zone posts strong GDP growth in second quarter  ozymandius   Aug-13-10 04:46 AM   #5 
  - Germany sees fastest growth since reunification  ozymandius   Aug-13-10 04:49 AM   #6 
  - Swiss Central Bank Makes Loss as It Fights Franc Rise  Ghost Dog   Aug-13-10 07:25 AM   #15 
  - Europe's Feint  Ghost Dog   Aug-13-10 12:24 PM   #42 
  - M&A Losers in $10 Trillion Deal Binge Led by McClatchy, Sprint  ozymandius   Aug-13-10 04:57 AM   #7 
  - The great false choice, stimulus or austerity  ozymandius   Aug-13-10 05:06 AM   #8 
  - Ritholtz: Fannie Freddie NYT OpEds  ozymandius   Aug-13-10 05:15 AM   #9 
  - Say Goodbye to Fannie and Freddie  Demeter   Aug-13-10 06:16 AM   #12 
  - Have a great Friday, folks.  ozymandius   Aug-13-10 05:17 AM   #10 
  - The Hindenburg Omen Has Arrived  DemReadingDU   Aug-13-10 07:18 AM   #14 
  - Hindenburg Omen..  girl gone mad   Aug-13-10 07:45 AM   #17 
  - ".... like storm chasing in the Hindenburg."  Hugin   Aug-13-10 08:22 AM   #21 
  - I Rather Think It's Like Malcom Gladstone's Tipping Point  Demeter   Aug-13-10 09:22 AM   #22 
  - oh chit  florida08   Aug-13-10 10:18 AM   #26 
  - ach du lieber!  alterfurz   Aug-13-10 11:04 AM   #30 
     - +1  Po_d Mainiac   Aug-13-10 12:36 PM   #44 
  - Debt: 08/11/2010 13,307,871,897,992.93 (DOWN 11,959,038,998.10) (Wed)  Festivito   Aug-13-10 07:56 AM   #20 
  - Debt: 08/12/2010 13,317,048,837,517.12 (UP 9,176,939,524.19) (Thu)  Festivito   Aug-13-10 02:22 PM   #51 
  - A precautionary adios, friends.  Dr.Phool   Aug-13-10 09:34 AM   #23 
  - It was nice knowing ya, dude.  Hugin   Aug-13-10 09:49 AM   #24 
  - of the Wheel of Fortune clues last night was  Roland99   Aug-13-10 12:20 PM   #40 
  - Dr. Phool...  hamerfan   Aug-13-10 10:13 AM   #25 
  - I've been stepping on some tails in Jonestown.  Dr.Phool   Aug-13-10 10:21 AM   #27 
     - Oh...  AnneD   Aug-13-10 11:25 AM   #32 
     - uh oh  DemReadingDU   Aug-13-10 11:42 AM   #33 
  - what exactly  florida08   Aug-13-10 10:21 AM   #28 
  - He means tombstoned  Demeter   Aug-13-10 12:07 PM   #37 
     - 86'ed?  florida08   Aug-13-10 12:16 PM   #39 
  - don't fret much  Roland99   Aug-13-10 12:21 PM   #41 
  - Go to the Lounge  DoBotherMe   Aug-13-10 12:32 PM   #43 
  - Update: Oracle sues Google over Java use in Android (CW)  Hugin   Aug-13-10 10:59 AM   #29 
  - Artist's Rendering Of Barack Obama's Desktop  DemReadingDU   Aug-13-10 12:09 PM   #38 
  - Looks Like an Oscillation Building Up to Something Big  Demeter   Aug-13-10 01:00 PM   #46 
  - 23 Occupations That Will Never Recover From the Great Recession.  TalkingDog   Aug-13-10 01:15 PM   #49 
     - I don't dare look.  Hugin   Aug-13-10 03:13 PM   #52 
     - Not if the...  AnneD   Aug-13-10 03:48 PM   #53 

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