Thursday, May 23, 2013

Hindenberg Omen Beginning to Hum Again

This will just be a short post to alert my friends and followers to the fact that the market is now in a range where the HO is beginning to sit up and take notice.  Yesterday, despite the markets around the world taking a pretty hefty dump, there were still over 400 new 52 week highs attained on the NYSE, so the HO wasn't even interested yesterday.

Today it's a different story.  At the present moment, with an hour to go in the trading day, there have been 33 new highs and 36 new lows recorded.  The minimum for each is 85, so at present there is little likelihood the HO will issue a signal today either.

One important factor is this... the most recent HO event occurred on April 15th.  In order for a second and confirming signal to be accepted, it must happen within 36 days of the first.  Today is 38 days since the last signal so technically we are starting all over again.  The next signal will be recorded as another "initial" signal.  And if some of the better known market technicians such as Walter Murphy are correct, the market is currently in a 4th wave correction off the April low, which of course implies higher prices to come.  If that's the way things turn out, then the HO, which is working perfectly well, is more than likely in sync with those opinions.

But stay tuned... we're on the case and will report the next HO event when it occurs.

27 comments:

  1. Stay on the case...we're all watcing :)

    ReplyDelete
  2. Alberta rocks! literally rocks! morning from Paris! what exactly is Murphy's view of the current correction? if I remember correctly, he views the rally from the 2011 lows as a counter-trend bear market rally to be retraced, but does not believe this is the top because of strong breadth. Usually wave 4 are violent retracement, up to 50%, sometimes 61.8%, and up to 100% of wave 3. If you do have his count for wave 3 length, would be interested. Best

    ReplyDelete
  3. Ahaa, its pleasant conversation on the topic of this post at this place
    at this blog, I have read all that, so now me also commenting at
    this place.

    Visit my page; portal-spb.com

    ReplyDelete
  4. Hello AH, how are things in Paris? My apologies in not getting back to you sooner but I'm just not really into blogging much these days. To be honest I've completely lost interest in the 'markets' once I realized that they no longer even remotely resemble real markets, but rather just a tool, a ficilitator for the panicked agenda of the central banks. Every single market in the world has been completely wrecked by those assholes and they've just become nothing more than boring, and horrifically dangerous playgrounds for the rich... the Central Park of the money world where so many muggings happen every day that someday soon there won't even be anybody left for the banker-thugs to steal from. Where are the cops? There are no cops.

    Yes, Walter Murphy is still long term bearish. But a little closer to home, he considers the current pullback as a wave 4 correction of the mid-April low. I don't subscribe to his service so I haven't had the luxury of reading his thoughts in detail, but he does Tweet the occasional comment and does offer some comments on his public blog. You can see the latest of those here.

    On the topic of "how deep retracements can go", what you've described is actually a wave 2. Wave 4's are almost always the most complex waves and are usually a flat, a triangle or a combination of the two. So they don't retrace nearly as far as you suggested. In fact they can not retrace any deeper than the extent of wave 1. So for that reason they can not retrace anywhere near 100% of wave 3. But wave 4's are almost always aggravating because they are complex and we seldom ever see two of them that are the same.


    All the best to you as well

    ReplyDelete
  5. Thanks for the update AR, much appreciated

    ReplyDelete
  6. When someone writes an paragraph he/she keeps the image
    of a user in his/her brain that how a user can know it.
    Thus that's why this paragraph is amazing. Thanks!

    My web site; www.otrociburje.net

    ReplyDelete
  7. These put shoes, clothes, accessories, and bags. Most wives like this exclusive and beautiful
    leather bags, since that time they look comparatively
    and romantic. Pin color indicates harmony, balance, and nature.
    Her companion Aida Calvelli experienced an tremendous family, even although only the son's?? http://wiki.kineticsfoundation.org/mediawiki/index.php?title=User:DeweyBaug

    ReplyDelete
  8. rocks baby!! thanks a lot for clarifying!! looks like our little Omen is eking its lovely head again? it's just about getting there...shape-up! looks like we gonna be busy soon!! all the best

    ReplyDelete
  9. Hey friends,

    Here is the last gift from the present that keeps on giving -- USDJPY:
    I think it has ONE LAST WAVE up to finish minor 3, and finish the extended fifth.
    So, 800 pips left, enjoy!
    Target of 108ish. That is 1.6 times waves 1-3, and would make v = 800 pips, and i was 600.
    Maybe one last push down to 99.5-100 area, the channel line of two months, and this recent iv wave.
    So get yourself some money here, and then get ready for 3 of 3 in AUDUSD!

    ReplyDelete
  10. Fastidious answer back in return of this question with real arguments and describing everything about that.



    Feel free to surf to my web-site nike air max on sale

    ReplyDelete
  11. FYI,new HO observation by McH for May 29th. He says it needs confirmation within 30 days.

    ReplyDelete
  12. Hi AR......so looks like there was a "sighting" on the 29th? Hope Alberta still rocks. This time of year, wish I were there instead of Florida.

    ReplyDelete
  13. Why is it that the HO is more aggressive in its outcomes than the Elliott wave principle is? EW also suggests a downturn on markets, but not as strong as the HO does.

    ReplyDelete
  14. If your gold mines and elixir collectors are of higher amounts,
    then you can look at owning them inside walls.
    This deck revolves around Gaara, and the Fuma Clan, and includes the elements of Earth
    and Wind with a splash of Lightning. Biotronic is a puzzle game which features colorful biotechnology.


    Also visit my site :: clash of clans cheat

    ReplyDelete
  15. The next time your friends օr family make fun of үߋu fօr fidgeting, suϲh as tapping your toes, stretching,
    changing positions in youur chair οr drumming yyour fingers, tell
    tɦem you are compensating foor extra calories tht youu consumed.
    Аs you сan see, the fat loss diet consists оf еntirely unprocessed foods.
    Ɗuring thе treatment, yoou will sweat аnd remove ѕome toxins from the
    body Ƅut, like water weight, tɦe toxins will eventually return.

    my homepage; easy weight loss

    ReplyDelete
  16. What's up, its pleasant paragraph concerning media print, we all be familiar with media is a fantastic source of information.

    Check out my page: plumbing snake Phoenix

    ReplyDelete
  17. naturally like your web-site but you need to take a look at the spelling on quite a few of your posts.
    Many of them are rife with spelling problems and I in finding it very troublesome to tell the
    reality nevertheless I'll certainly come back
    again.

    my site; cenaless

    ReplyDelete
  18. Wow! This blog looks exactly like my old one! It's on a entirely different subject but it has pretty much the same page layout
    and design. Superb choice of colors!

    My site - air conditioning jobs New Berlin

    ReplyDelete
  19. Faire l'acquisition de de nombreux ltc via des sites internet d'une manière rapide

    Look into my web site litecoin

    ReplyDelete
  20. You can get the same benefits with that digital device
    as you would a brand name new one. This newest device is considered as the ultimate alternatives for PS3 games.
    Before proceeding, make certain your phone
    is turned off.

    Feel free to surf to my blog :: best iphone apps yahoo answers

    ReplyDelete
  21. What the heck i just read? The earliest idea is to check with a health
    care provider before making use of this supplement.
    The extract of Garcinia Cambogia is offered in the form
    of pills and tablets and consulting a doctor will provide you
    a clear knowledge of the fact that will it fit your preferences or not.
    This product usually satisfies requirements of all of the persons but exceptions are usually there.
    So, you must be sure you are not the main one which cannot utilize this supplement.
    Essential problem is regarding the dose. You
    should ask your medical professional about the consumption and be certain about it authentic Garcinia Cambogia.

    WOW.Nice read here. The important step to precisely how this remedy works is it is a dual-action diet solution, which means that it works being
    an diet enhancing drug including a "fat burner".
    This definitely implies that it oxidizes fat cells by using anti-oxidants, and
    that ends up in whole lot more strength for your needs -
    but only when know how to take authentic Garcinia Cambogia in the right fashion.Virtually all
    diet supplements on the market are created all over reving
    up your metabolic rate, that is simply not safe for most
    people - and that is why many people are deciding to
    purchase Garcinia Cambogia extract instead.

    my web site where can i get garcinia cambogia extract ()

    ReplyDelete
  22. I believe this is among the so much significant information for me.
    And i am satisfied reading your article.
    However wanna observation on few basic things,
    The web site style is wonderful, the articles is actually nice : D.
    Just right process, cheers

    my page goji berry como tomar

    ReplyDelete
  23. Thanks for the auspicious writeup. It in reality was once a amusement account
    it. Look complex to more added agreeable from you! By the way, how
    could we communicate?

    Feel free to surf to my webpage programa de dj

    ReplyDelete