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29 August, 2010

Hindenburg Omen Signaling Possible Stock Market Crash Tripped Again

Yes Folks, Hindenburg Omen Tripped Again - MarketBeat - WSJ: "The Hindenburg Omen reared its ugly head late last week, signaling more doom and gloom as stocks plod along amid the dog days of summer.

The Omen, a technical indicator which uses a plethora of data to foreshadow a stock-market crash, was tripped again on Friday, marking the second time since Aug. 12 it has occurred. (It also came close on Thursday, but one of its criteria fell short.)

The latest trigger has prompted the Omen’s creator, Jim Miekka, to exit the market. 'I’m taking it seriously and I’m fully out of the market now,' Miekka, a blind mathematician, said in a telephone interview from his home in Surry, Maine..."

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