MarketBeat, the Wall Street Journal blog, has an article on the Hindenburg Omen and the possibilities of another stock market crash. The Omen has predicted a major stock market crash 25% of the time and the criteria for the Omen has already been fulfilled twice in August. The criteria include several types of market data which include the number of new 52 week highs and lows.
To read the MarketBeat Wall Street Journal article, please click here:
http://blogs.wsj.com/marketbeat/2010/08/23/yes-folks-hindenburg-omen-tripped-again/
Jim Sutliff