Leaders Index 5-26 Hindenburg Omen

[lulzasaur]

hi Jerry,

Didn't the hindenburg omen pop up several times last year (I think once in the summer and once again during the winter months)? I could be wrong, but I remember the VIT group mentioning it. However, both times did not lead to a major correction. Perhaps with POMO drying up, this time around might be different. As always, would appreciate your insight.

Thanks!

[Jerry Samet]

Lulzasaur, there was a signal last summer but it was questionable as all the paramaters were not met. There were two signals in a row in November that gave a clear signal. It can be several months after a signal that the market finally tops. In 2007 the first signals occured in June I believe and the market didn't top until the end of Oct. and early Nov. so we will have to see how this one works. Again this one is only a maybe and you need two within 30 days to have a confirmed signal. We will have to wait and see. Jerry