Sunday, August 15, 2010

S&P500 day trading course Hindenburg Omen visited

S&P500 day trading course, you might have picked up on the news that there is the oncoming confirmation of a Hindenburg Omen. [caption id="attachment_2453" align="alignleft" width="232" caption="hindenburg omen poster"]hindenburg omen poster[/caption] A Hindenburg Omen is an indicator that is a technical analysis pattern that supposedly shows up prior (just) to a stock market crash based on the NYSE.  New York Stock Exchange.    It is based on a large number of stocks hitting annual highs as a large number of stocks hit annual lows.  The Hindenburg omen basically shows new lows and downside risk. Here is the scoop:  The probability of a downside move over 5% is 77%.  Pretty nice odds. Zero hedge has a break down and some information

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