“One thing is certain. Israel will not stand by idly while Iran builds a nuclear bomb. If necessary, we will use force.” -Ben-IsraelMore threats of war Iran, another profit warning over at UBS, rumors of a Lehman 'take-under' and worries that Merril has to sell their Blackrock or Bloomberg stakes to raise desperate capital have all pushed the futures down below support pre-market.
This could be Oversold Bounce Time After One More Rinse… or it could be crash time instead. Stock market crashes, that is to say the largest down day in a series of down days, tend to occur from deeply oversold territory.
Hindenburg Omens have faithfully foreshadowed all major equity index declines… and we’ve been bombarded with Hindenburg Omens recently.
Hindenburg Omens + Oversold = Crash?
Hindenburg Omen Posts:
Hindenburg Omens: I Am Bear, Hear Me Roar
Three Hindenburg Omens Since June
5th Hindenburg Omen This Cluster
Hindenburg Omen Chart
If you’re thinking WTF is a Hindenburg Omen? Click here.
Israel Prepared to Strike at Iran, Lawmaker Tells Der Spiegel: “Israel is prepared to strike militarily if diplomacy doesn't stop Iran from developing nuclear weapons, Isaac Ben-Israel, a former Air Force general and ally of Prime Minister Ehud Olmert, told Der Spiegel.
Ben-Israel, a member of parliament from Olmert's Kadima Party, said the Air Force conducted exercises to simulate an attack on Iran because international sanctions haven't been effective, the German magazine said in its online edition.”
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8 comments:
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What's going on? 605 new lows? And the market turn around? What's happening here?
I say no Israel bombing (for now) market bounce. Get people optimist for independence day cause hurricane season is here....
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