Hindenburg Omen Is The New Death Cross

I just got back from a four-day fishing trip.  While sifting through the 600+ articles in my Google Reader I couldn’t help but notice all the chatter about the upcoming “Hindenburg Omen”.  I’m not going to harp on this because I don’t want this blog to become a place where I just make fun of financial media memes.

Also, I don’t think this can be considered a contrarian indicator because the technical conditions required for this to occur are so random.  I’m not making a call on the markets, just observing the chatter.

Here are some of the articles :

Art Cashin: Hindenburg Omen Will Play Out in 3-4 Weeks (CNBC)

Hindenburg Omen: Why equity investors should be very afraid (Reuters)

Wall Street Wonders If ‘Hindenburg Omen’ Just A Lot Of Hot Air (WSJ)

What’s This About a Hindenburg Omen? (Forbes)

‘Hindenburg Omen’ Flashes (WSJ)

`Hindenburg Omen’ Indicator Suggests Slump in Stocks: Technical Analysis (Bloomberg)

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