Quantcast Hindenburg Omen Confirmed
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Amateur Investors

Each week an Analysis of the Stock Market will be posted here by the people at Amateur-Investor.Net along with a specific stock to watch.

Hindenburg Omen Confirmed

Posted on 06/17/2008 21:45:55 | Link | Post Comment

During the past 8 trading days we have seen 3 Hindenburg Omen Signals (6/6, 6/16 and 6/17).  Thus there is an increasing probability that a significant move to the downside may occur at anytime.  If you read the article at Wikipedia research has shown that there is a 77% chance of a 5% downside move within 41 days after a confirmed Hindenburg Omen occurs.  The last confirmed Hindenburg Omen cluster was from mid October through early November in which  there were 6 signals.   The Dow peaked on 10/31/07 which was then followed by a 9% drop before a bottom occurred  in late November.   Keep in mind not every confirmed Hindenburg Omen leads to a major sell off however since 1985 only 2 confirmed Hindenburg Omen's have failed to see an average drop ranging from 2% to 4.9% in the market.   Thus it will be interesting to see what transpires in the days ahead.

If interested in receiving our Free Weekly Newsletter by email you can sign up at http://www.amateur-investor.net/Newsletter.htm

Bob
Amateur-Investor.Net

Stock Quote or
Examples
ATM Wallstreet - Mon Oct 06, 2008 03:39PM
Made several great trades today. Traded the QID, QQ [read more]
ATM Wallstreet - Sat Oct 04, 2008 10:41PM
When I first started Day Trading I traded anything that [read more]
Morpheus Trading - Thu Oct 02, 2008 08:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.