Wednesday, November 7, 2012

Hindenburg Omen's Closest Shave Since Aug., 2010


I'd just like to post this heads up that the Hindenburg Omen came about as close today to issuing its first signal since August of 2010 as we're ever going to see without it actually going off.

Contrary to any and all reports you may have read stating otherwise, the HO has not gone off at any time since that instance back in 2010.  A full explanation about why any previous reports that you may have read were absolutely false will be contained in a full article that will appear on this very page when the HO does issue a signal.  It's all those false claims by analysts who aren't even aware of the HO's rules that give it such a bad name.  It's the real deal, I assure you.  So please stay tuned.

Also, please be aware that this type of "near miss" occurred several times in the days leading up to the HO's signal during the week before and the "morning of" the flash crash.  Don't forget to click the tab at the top of this page if you haven't already done so and read about "So The HO Issues A Signal.  What Happens Next?" Awe to heck with it, just click this thing.

It's still possible the HO won't issue a signal at all, especially if there's some solid buying that enters the market tomorrow and thereafter.  It wouldn't take much to change these market internals dynamics for the positive but until we actually see it, rest assured that the market is extremely polarized and fragile right now.  But until the HO actually goes off, why don't you come on up north and we'll do a little surfing, Canadian style.

Surfin' Like A Boss

Please feel free to bookmark this page and check in regularly since the HO is just humming right now and has been for the past couple of weeks. 

Stay well!


21 comments:

  1. Hello from the Bunker ;)
    --

    An interesting day, certainly 'better than expected'.

    re: attached. Its just a composite of my own outlook, but highly influenced by others.

    I certainly think if we can break into the 1370s..it should signal a move to sp'1200 is a given, within a matter of weeks..rather than months. I suppose it could take 2-4 months. I don't mind either way really.

    Good wishes AR.

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  2. Greetings from troubled Greece,

    thanks for the heads up...will be waiting for your signal.....always interested and excited to read your articles!!!

    take care

    ReplyDelete
  3. Thanks for the chart PD.  I look at your charts and thoughts often and certainly appreciate your views.

    Best wishes for you as well.  Keep smilin'.

    ReplyDelete
  4. Hello Alexandros.  Yes, the HO almost went off yesterday.  The requirement was for 86 new highs and 86 new lows as the minimum.  The market generated 76 new highs and 80 new lows yesterday.  That was the closest we've come to getting a signal in the past 27 months.  It's not that anything 'magic' happens when the HO goes off, nor will the world fall apart.  It's just an interesting phenomenon and an interesting event when it goes off.  Life will go on, but it's just that we will have been fairly warned that the odds are high that the market is going to put in some sort of relatively large correction.  It could be as small as 5% or as big as 40% or more... we just don't know.   All we know is that the market is highly polarized and very dangerous.

    I feel bad for you and your people in Greece my friend.  I have met many Greeks in Canada and they're lovely people... all of them.  They're very friendly, good looking people and with some of the best food on the planet. When I was a young man I was kind of in love with Nana Mouskouri (Iōánna Moúschouri). lol.

    All the best to you.  Stay in touch :-)

    ReplyDelete
  5. Hello Alexandros.  Yes, the HO almost went off yesterday.  The requirement was for 86 new highs and 86 new lows as the minimum.  The market generated 76 new highs and 80 new lows yesterday.  That was the closest we've come to getting a signal in the past 27 months.  It's not that anything 'magic' happens when the HO goes off, nor will the world fall apart.  It's just an interesting phenomenon and an interesting event when it goes off.  Life will go on, but it's just that we will have been fairly warned that the odds are high that the market is going to put in some sort of relatively large correction.  It could be as small as 5% or as big as 40% or more... we just don't know.   All we know is that the market is highly polarized and very dangerous.

    I feel bad for you and your people in Greece my friend.  I have met many Greeks in Canada and they're lovely people... all of them.  They're very friendly, good looking people and with some of the best food on the planet.  When I was a young man I was kind of in love with Nana Mouskouri (Iōánna Moúschouri).  :-)

    All the best to you.  Stay in touch :-)

    ReplyDelete
  6. AR - haven't talked to you for a while.  Thanks for the update on the HO.  Market dangling on the precipice IMO.  Next few days should tell the story one way or the other.
    Visited D's site last week - comments are absolutely unbelievable for their character assassination and pettiness.

    ReplyDelete
  7. Hi Al.  How've you been bro?  Nice of you to drop in.  I check in to see your blog quite often and 'always' like your take on things.  I really do appreciate your views.  Yeah, the market internals are doing almost the same thing they did yesterday.  So of course the HO is just itching to issue a signal.  It 'could' happen today for sure although it often comes within a whisker and then the market scoots higher.  In fact judging by the short term charts it almost looks to me like the market wants to bounce somewhere in here.  But that's a judgement based on EW to a certain extent and to momentum indicators to a greater extent.  BUT... most people (myself included sometimes) use those momentum indicators backwards.  For example, if we are truly in a bear cycle we shouldn't care less if momentum indicators are oversold.  That's where we want them to be if we're short.  Pos. divergences in them though, those divergences are only alerting us to the fact that there could be a bounce within the larger bearish trend.  Those 'are not' a buy signal but just a heads up to perhaps take some profits and await the next "overbought" condition so we can re-enter short.  And that's exactly what I plan on doing.  The 26 day MAs have rolled south and have crossed the 50 MAs, and now the 50 day MAs have rolled lower as well.  So yeah, I'm definitely anticipating lower lows for perhaps quite some time to come.  Although my mind is totally open to upside as well.  The charts are a work in progress and I suppose 'theoretically' anything is possible.

    Yeah, about that site... I don't even bother opening it more than perhaps once a week.  And my visit there usually lasts about 20 seconds.  I just can't believe a blog owner would put up with that unbelievable degree of hatred and nonsense.  I sure as hell wouldn't, which is exactly why this blog exists in the first place... to get away from such a moronic atmosphere.  But D's total disregard for bad manners, attacks on others, general all around harassment, and his total carelessness in even attempting to protect his best contributors, etc., are the reasons why that blog is so busy.  It's full of people who love that kind of shit.  There's a reason I'm 'here' and those people are 'there'.  It's also the reason 'you' are 'here' and not 'there'.  What else can I say except that I love 'your' blog and your presence here is always welcome :-)

    Wishing you nothing but the best pardner.

    ReplyDelete
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