Hindenburg Omen

• The Hindenburg Omen...an initial sighting, uncomfirmed by a second, was made today, 12 AUG 2010.
• It is suggestive of a market out of balance indicated by an unusual confluence of a high number of new 52 week highs and a high number of 52 week lows at the same time on the NYSE.
• If interested, for your reading pleasure....http://en.wikipedia.org/wiki/Hindenburg_Omen.  There are several External Links at the bottom of the page that you may want to review as well.
• Again, if interested, a 10 minute video and additional article... http://www.ambgtrading.com/2010/08/stock-market-crash.html.
• Hindenburg Omens 2007-2008 pictured above (courtesy of http://cobrasmarketview.blogspot.com/).
• 1985 to 2008 stats can be found in this article by Robert McHugh.
• It's a warning, not a specific timing tool, and not a guarantee.  However, after reviewing the information, it appears to have warned of declines in the past...some mild and some not so pleasant.
• Overly curve-fitted coincidence?  After looking at the stats, you make the call.
• If more hit, I'll try to mention them.