Hindenburg Omen Confirmation
#1
Posted 18 October 2007 - 03:38 PM
#2
Posted 18 October 2007 - 03:44 PM
#3
Posted 18 October 2007 - 03:47 PM
One of these days HO will nail another market correction. Or not.
yeah who knows...I m going to post some graphs with my HO signals and the market....later on though, now I am hungry and going to have dinner
Edited by nicolasillo, 18 October 2007 - 03:49 PM.
#4
Posted 18 October 2007 - 03:50 PM
#5
Posted 18 October 2007 - 03:57 PM
Edited by ogm, 18 October 2007 - 03:57 PM.
#6
Posted 18 October 2007 - 03:57 PM
#7
Posted 18 October 2007 - 04:06 PM
Here is the thing. If you watch the market.. its very clear why we have the HO. Its not any kind of a mystery signal.
Financials, retail homebuilders keep making new lows. Thats whats dragging the market.
But the rest of the market seems to be discounting it for the time being.
How long that narrowed advance will last anyone's guess. Will they correct again at some point ? Sure. Probably rather soon. Withing a couple weeks we'll probably have some sort of a top.
But....
At this point if you look at daily and 60 min charts of financials, retailers and other stocks that have been dragging down.. they are very oversold. So most likely we'll have a bounce in them. That means the A/D line will improve and the overall market will advance.
After that we'll get into position where the leaders are overbought and the laggards bounced, so the all toghether correction will begin.
Just an uneducated guess.
#8
Posted 18 October 2007 - 04:40 PM
If I remember correctly, he was short and bearish when the Dow hit 14,000 during the week of 7/16.OGM, I can t be bothered to look back at your July posts, but pls can you tell me if you were bullish around the 20th of July?
Fib
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#10
Posted 18 October 2007 - 05:37 PM
If I remember correctly, he was short and bearish when the Dow hit 14,000 during the week of 7/16.OGM, I can t be bothered to look back at your July posts, but pls can you tell me if you were bullish around the 20th of July?
Fib
Thank you Fib.
Yes, I was short in July. Reversed in early August. A little too early, but worked out just fine.