Hindenberg omen triggered last night

[thriftybob]

per Robert McHugh email

 

[empee]

doesnt that mean a correction within 60 days? I remember it has to do will new highs == new lows or something.

 

[Covertibility]

Watch out for the Hindenburg Omen

Too bad at the time of that article was written, there was no risk, only 100% upside to go.

 

[Wayne Gibbous]

Is it like this famous prediction?:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=88275

 

[patoo]

Quote from Wayne Gibbous:

Is it like this famous prediction?:

yeah, like all the rest

bs...bs...bs...bs...bs...bs...bs...bs...bs...bs...bs...bs...


We're fishin for a bottom here, thats it!

 

[thriftybob]

yup, YOU buy the dip, LOL

 

[thriftybob]

Dip buyers got their clocks cleaned again today.

So tell me...

How do you recognize a bear market?

I read its when any rally becomes a selling opportunity.

 

[MrDODGE]

Great another indicator that means ABSOLUTELY NOTHING.

 

[gnome]

Quote from thriftybob:

Dip buyers got their clocks cleaned again today.

So tell me...

How do you recognize a bear market?

I read its when any rally becomes a selling opportunity.

Unfortunately bear markets are well entrenched (often, near the end) before they are generally accepted. Dip buyers will be savaged all the way down.

 

[patoo]

Quote from thriftybob:

Dip buyers got their clocks cleaned again today.

Not all dip buyers called Friday the low of the dip, buster.

We are still fishin' for the bottom