Thursday, July 26, 2012

Uh Oh: Market Sign Of Possible Impending Doom

Oh No….. (Hindenburg Omen)

And, of course, being the same week the 10W Moving Average is still rising.
As such it appears we now have a third Hindenburg observation in a row…. the quality of the confirmation does not improve with additional observations, but the fact remains that this is a market that is deeply conflicted — the exact sort of conditions that can produce a crash.

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