Just sayin. We had a Hindenburg hit on August 12, after a near miss on the 11th. 23/25 times the hindenburg omen took us at down at least 5% from the confirmation day, within 40 or so days Do you believe we are setting up for a major crash? Going for a slight 5% derailment? Or will the hindenburg omen fail?
If the market had crashed as many times as these indicators said then no one could get anything done, to many false signals
I just did some research on the hidenberg omen. One occurance of the event in a 36 day period only predicts a 2.7% down move, which I'd say lies within the average volatility of the market anyway. It's an interesting way to look at the market though. Markets do not usually have a large number of stocks making yearly highs and lows at the same time so it makes sense, that something unusual is happening under these conditions.