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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (50476)12/22/2010 12:03:08 AM
From: Return to Sender3 Recommendations  Read Replies (1) | Respond to of 95761
 
I think you may be misinterpreting the predictive value of the Hindenburg Omen. It merely predicts a correction should take place, not that it will necessarily be a major correction leading to a bear market, but rather just a correction could be coming. It does tend to predict at least a 5% correction 77% of the time:

Message 27038404

After the omen in August the Industrials lost 783.32 points for a 7.3% correction:



Keep in mind that it does not always work and that those who follow it continue to change what qualifies as well as what confirms a valid signal.

RtS