Robert McHugh reports another cluster of Hindenburg Omens. There have now been three since June 6th.Directly from HeadlineCharts who caught it first:
“The chart above captures the notes published by Robert McHugh. I follows his comments because he has excellent charts even though he is a Chistrian, doomsday market timer. Nothing against Christians, or even doomsdayers, I just don't want these views confused with honest market analysis.
McHugh is big fan of Hindenburg Omens and is constantly watching for them. As the name implies, they aren't good, and therefore fit in perfectly with his view of the world.
Unfortunately, there have been three since June-6. Apparently, one Omen is a warning, but two or several close together is a confirmed Omen with very negative implications.
Once again, cash is king.”
The S&P 500 chart is from HeadlineCharts.
Everything you ever wanted to know about the Hindenburg Omen:
The Ominous Hindenburg Omen
Is it relevant to say two times in one paragraph that McHugh is Christian (misspelled as Chistrian once)?
ReplyDeleteIt's a quote from HeadlineCharts.
ReplyDeleteI don't know much about McHugh except that he is one of those fire and brimstone, the world is going to end soon kinda guys.
the october hindenburg actually predicted the fall thru march2008. hopefully this one also holds as i need to be back down at 1270 on the spx...............go fxp!
ReplyDeleteAre you still holding on to your AAPL short position? Or did you sell it ?
ReplyDeleteStill short AAPL.
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ReplyDeleteIf the doomsday will be coming, you should short everything
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ReplyDeleteWhen do you think we could get back into AAPL and do you have any thoughts on GOOG.
Am short S&P and should be adding to it.
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