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Wednesday, August 11, 2010

Hindenburg Omen update!!!

We are very close to a signal on the Hindenburg Omen, if you never heard of it, or want a quick refresher on the rules and conditions, please click here!!!
The 10 week MA is rising satisfying that requirement!!!
The McClellan Oscillator is below "0", fulfilling that requirement!!!
The number of new 52 week highs on the NYSE closed today at 89, above the required 75, another fulfilled requirement!!!
This is the only condition that has not been met today, the number of new 52 week lows are below the required 75, but are very close at 63.
If we have a small sell-off tomorrow and close slightly below today's close, odds are VERY good all conditions will be met, and we would have our first signal!!!!!
***Today's updates are below
*** It is 4:44, west coast time, and futures are dumping hard, down to 1075 at one point, currently at 1077.75, down 10 points from the close!!!
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5 comments:

  1. binveAugust 11, 2010 at 2:19 PM

    Thanks for the update brother! I am very glad you are watching this and making it very easy for others to follow. You are the man!

    ReplyDelete
  2. Michael EckertAugust 11, 2010 at 2:21 PM

    Thanks Binve!!!!

    ReplyDelete
  3. AnonymousAugust 11, 2010 at 3:35 PM

    hey col...is the CIL close to the public now? Just curious since I cannot get in.

    ReplyDelete
  4. Michael EckertAugust 11, 2010 at 4:23 PM

    doa, no, it is not closed to the public, we upgraded the CiL, and now you need to login into post comments. Email me if you continue having problems
    Michael

    ReplyDelete
  5. AnonymousAugust 11, 2010 at 5:18 PM

    test

    ReplyDelete

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