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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (84256)7/28/2007 9:05:58 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 110194
 
The Hindenburg Omen fired at least nine times over the past six weeks.

en.wikipedia.org

The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down. On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.



To: westpacific who wrote (84256)7/28/2007 1:35:06 PM
From: Jim McMannis  Read Replies (1) | Respond to of 110194
 
straight line support looks like 13,207 and 12,845. 12,845 being the strongest. Those also correspond losely to fibbonacci retracements. Prolly somewhere inbetween before we start to form a short term bottom. Then support at 11,926. I'll be surprised if the DOW makes it that low before a meaningful bottom. But we are in overshoot mode.


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