Zero Hedge summarizes the five criteria for the Hindenburg Omen to be in effect that have now been met.
1. That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
2. That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
3. That the NYSE 10 Week moving average is rising.
4. That the McClellan Oscillator is negative on that same day.
5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.
Financial forecaster Gerald Celente, who has a proven track record in being accurate, told a radio show on Saturday that the stock market would crash before the end of 2010, appearing to confirm the worst consequences of the Hindenburg Omen.
http://www.prisonplanet.com/dreaded-hindenburg-omen-will-play-out-within-4-weeks.html
When are people going to wake up and smell the peculated corruption.
ReplyDeleteobama keeps saying things are getting better, but the websites I visit for the [REAL DATA] you know the hard core true, and solid facts are saying we are in for a really rough trot. If we look back at the past and before the 1930 depression, the government saying things would be fine, and recovery was coming, soon after they said that the stockmarket collapsed 90% and the depression came. I think we are dealing with that again. Thank god for the truth bearers, as little as they are.
A good guy worth checking on youtube, he is great http://www.youtube.com/watch?v=gn6kS4l2yFM and predicted the last crash, and brings the truth.