The Hindenburg Omen IS Scary, but So Are the Fundamentals

From: Yahoo Finance

With a 5:00 video

Editor's Note: Those of you who have been watching Glenn Beck the past week have already been told about this - and much more!



The Hindenburg Omen IS Scary, but So Are the Fundamentals
http://finance.yahoo.com/tech-ticker/the-hindenburg-omen-is-scary-but-so-are-the-fundamentals-535367.html?tickers=^DJI,^GSPC,XLF,FXE,XHB,TLT,GLD


After tumbling below 10,000 yet again Wednesday morning, the Dow rebounded to close above that psychologically important level and was slightly higher early Thursday. Still, fear in the market is being expressed by the continued rally in Treasuries and widespread chatter about an ominous sounding technical indicator: The Hindenburg Omen.


The Hindenburg Omen has a roughly 25% accuracy rate in predicting big market upheaval since 1987, meaning it's far from infallible but isn't inconsequential either. The indicator's creator, mathematician Jim Miekka, compares the Hindenburg Omen to a funnel cloud that precedes a tornado in a recent interview with The WSJ. "It doesn't mean [the market's] going to crash, but it's a high probability," he said.

Complex and esoteric even in the world of technical indicators, the Hindenburg Omen is triggered when the following occurs, Zero Hedge reports: . . . .