We Have A Hindenburg Omen Sighting

Remember when the last time a cluster of Hindenburg Omens nearly toppled the market in August 2010 and the only saving grace was Ben Bernanke's QE2 announcement at Jackson Hole which sent risk soaring? Today, nearly three years later, we got the first instance of the Omen again. Will it be a one-off fluke, or a cluster, which is needed to confirm this dreaded technical formation? Stay tuned in the coming days to find out...

The last cluster was Aug 2010 (and was only saved by Bernanke), the previous cluster was Oct 2007 and we know what followed... (red bars are Hindenberg Omens)

Full details of construction here.

Comments

[hooligan2009]

so what does it mean when there is no physical and the futures tank? is this bitcoin trading or a "real" market?

[Tombstone]

Benny has defied the laws of Economics.  Now, he is attempting to defy the law of gravity.  The insanity of central planning is alive and well; the CBO is predicting at least 3 consecutive years of 4% growth beginning in 2015.  This hasn't happened since the late 1960's.  The Dictator's budget (excuse me while I puke) doesn't account for any possible recession over the next 10 years.  Onward and forward to the land of socialist craptopia.

[kurt]

"when there's blood in the streets..."

[stant]

sure its not a zepplin with bombs and a black swan sitting on top

[dunce]

Back before the days of computer stock screeners for the average investor i used the daily high list to look for sell candidates and the low list for buying opportunities. I was nieve in believing that all the important information was public and only learned later that the large moves were always based on inside information. Once in a while now when they are not watching porn or having sex on their desks the SEC takes a hard look at large moves with big price swings now that computers alert them. What did they know and when did they know it, by the way who told you?