Technical indicators are showing a coming meltdown. [A]nyone invested in stocks right now is running a 70%+ risk of losing money over the coming weeks and months. … Not only do the major indexes bear the mark of the death cross, the following sectors do also: Financial sector, technology sector, consumer staples sector, energy sector, [...]
Hindenburg Omen II
By Option Trading Blog on August 24th, 2010
We heard a lot about the Hindenburg Omen in the last couple of weeks, a series of internal technical indicators devised to predict major market crashes – the storied black swan events, in other words. I have no idea whether it is predictive or not, but apparently multiple occurrences of the Hindenburg Omen serve to [...]