Hindenburg Omen Signal & Indicator 2010?
This week’s plunge in U.S. stocks triggered a technical indicator in the charts known as the Hindenburg Omen that may signal a more severe selloff in August and the months to come, according to analysts who follow charts to predict market moves.
Easily the most feared technical pattern in all of Chartism is the dreaded Hindenburg Omen signal.
The Hindenburg Omen, named after the Hindenburg zeppelin disaster of May 6, 1937 in Lakehurst, New Jersey, allegedly foretells a coming crash of the stock market.
Do you think this is a serious sign that stock are going down? Should I stay away of the market?