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#1
09-24-2013, 07:50 AM
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Hindenburg Omen
I'm starting to hear a lot of chatter about the Hindenburg Omen. (named after the ill-fated German airship)
There is a set of technical criteria, but basically the theory is that in a healthy market, a large number of stocks can hit year highs or year lows, but not both within a short period. Having both year highs and year lows close together indicates a very unhealthy market and portends a stock market crash. Every crash since 1985 has been preceded by Hindenburg events. In order to to eliminate false positives, the technical criteria have to be met three times in a row within a month. The technical criteria were met six times in August of this year, in two groups of three.
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Jim CBOB0497 "That rifle hanging on the wall of the working class flat or laborer's cottage is the symbol of democracy. It is our job to see that it stays there." - George Orwell 
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#3
09-24-2013, 03:47 PM
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Quick, everybody gimme all your money, won't be worth the paper it's printed on real soon. I'll hold it long term, real safe...
 I agree with this.....soon the only talk about the Market will be the only place it can go is down. And it will go down. Current trending is not sustainable. But I have no idea what it's gonna look like out there.
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CBOB0716 "The most basic right that we have emanates from our Creator and it is that unalienable right to life. We stand firmly on the principle that from conception until the last breath is drawn, life is sacred.” Political Correctness is a doctrine, recently fostered by a delusional, illogical minority and promoted by a sick mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of shit by the clean end!
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