August 16, 2010: A confirmed Hindenburg Omen occurred, as 70 stocks hit new lows. This day coincided with record low trade volumes for 2010. Will we see a severe selloff in the market soon?
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Tuesday, August 17, 2010
Hindenburg Omen foresee Crisis
Have anyone heard of Hindenburg Omen? This is an interesting phenomenon. It is a stock market warning signal that many Ang moh traders has been following. Based on the historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen was 77%, and usually takes place within the next forty-days.
