The Hindenburg Omen a much hyped and always wrong indicator has been triggered 100 times this year, with each trigger highlighting an impending market crash. I find it amazing how the media has clung to an indicator that historically is batting 0.000. The only thing exploding with each Hindenberg Omen trigger, is the investment account of anyone blind enough to listen to it. This past June the man behind this ill-hyped indicator was looking to short the market, odds are he's got a lot less cash in his investment account... but since when does investment gains and sound investment advice run hand in hand....
The man behind the “Hindenburg Omen” said he’s prepping to bail out of the stock market after his ominous-sounding technical indicator was tripped last week for the second time in two months.
In a chat with MoneyBeat Sunday evening, Jim Miekka — a blind former high-school physics teacher and the newsletter writer who devised the Hindenburg Omen — confirmed all the criteria were met on Friday that triggered the indicator. He said he’s still invested in the market, for now, and is waiting for “a strong up day this week” before he gets out of stocks and potentially starts shorting the market.
“We’re on our way down from here,” Miekka said. “I’m hunkering down for a possible rough ride.”
The Hindenburg omen worked out great for those looking to lose money. The media loves to hype train wrecks. If you want to make money in this market there is one indicator that has ignored all the external noise and provided nothing but buy signals since the financial crisis hit 5 years ago.
The Heisenberg Indicator has never been wrong. It's not hyped in the media and it doesn't rely on failed market statistical analysis to provide buy and sell signals. It's mention does not incite memories of an exploding dirigible. Right now the HI is saying stocks are going much higher.
The October readings show we are headed for new all time highs for the market. Don't let the media fool you again when they mention the Hindenburg Omen for the 101st time. They are wrong, they will remain wrong, just as we at optionmillionaires have been 100% right about the direction of the market. We can be wrong about individual stocks , but not the direction of the market. We have been calling for new all time highs this year, as has the (HI).
When that inevitable market crash comes you can bet there will be no sign of the Hindenburg Omen. It will be at that time, that the media and all their ill advised market indicators will have finally went long the market.