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Guru
Joined: Jan 2009
Location: Ann Arbor, MI
Posts: 3,560
First Confirmation of the Hindenburg Omen Yesterday
http://www.zerohedge.com/article/hin...confirmation-1
Well chartists, precisely how nervous should we be?
Observationally speaking, there isn't going to be any good news, and more likely, there will continue to be "bad" news about the economy, jobs, productivity.... I think we are in a long slump until the elections. I know it's a little early to speak of the third quarter earnings period, but my guess is lackluster.
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Guru
Joined: Jan 2009
Location: Ann Arbor, MI
Posts: 3,560
Third confirmation yesterday.
http://www.zerohedge.com/article/thi...n-confirmation
For educational purposes
http://en.wikipedia.org/wiki/Hindenburg_Omen
Personally, I have taken a little bit of Big Ben's worldly advice and sold some of my long positions (except SIRI - which I will hold 'till death does us part, OR I make some good money lol).
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