Ya....interesting times eh?
I've looked up and researched everything I can on this 'Hindenburg Omen' and it seems this signal works best when in very overbought conditions (go figure lol) so with the market at all time highs I'd rather pay close attention to the short side of the market for sure.........
I like the idea of a correction ending up down around the 1480 level or so in the next few weeks...as this IS the long-term uptrendline looking at the weekly chart and is just a reasonable correction....although if this happens many will be screaming 'end-of-the-world' as it seems the media F R E A K S O U T when their precious stock market doesn't always go up every single damn day....
But anyways the best scenario (for me) would be: An immediate drop to 1595(ish) ...an attempt to rally back to the highs (in the next week or two) but a failure somewhat short of this attempt....THEN a magnificent drop of %15 or so within a few short days from maybe 1650(ish) to approx. 1480(ish)
This is what is in my minds eye at this point...lol, of course it will not happen exactly this way but this is my blueprint and hopefully I can adjust very quickly to the market as it shows me its true intentions....
I only hope that I help more than I hurt with my prognostications and pontifications....
Trade well!
:-)#