friday night frisbee , page-107

enjoy it while it lasts ... bulls will be back :(

damn that McHugh and his omens damn him to hell !!!



We got the ninth Hindenburg Omen signal observation Thursday, since October 16th.

The dates for those H.O. observations, for those of you keeping score at home, are October 16th, 17th, 18th, 25th, November 1st, 2nd, 6th, 7th, and 8th.

Here are the stats on Thursday's H.O.: NYSE New Highs were 77, with New Lows at 505. The lesser of the two were 2.27 percent of total issues traded, 3,386 on the NYSE Thursday. New Highs are not more than double New Lows, and the 10 week moving average is still barely rising.

This is a potential stock market crash signal, meaning there is a 24 percent probability of a crash (more than a 15 percent decline) over the next four months, with the most likly timing being within 41 days.

We are down 6.0 percent so far from the first observation, October 16th.

The continuing observations means this market remains extremely unhealthy.

Robert McHugh, Ph.D