‘Hindenburg Omen’ Meets ‘Titanic Syndrome’ For The First Time Since October 2007

zerohedge.com / by Tyler Durden / Nov 15, 2017 3:41 PM

Two weeks ago we warned that a cluster of the infamous Hindenburg Omens was forming. Since then stocks have suffered their biggest drop in 3 months…

However, the Hindenberg Omen is not exactly flawless and has false-alerted a number of times in the last few years.

Which is why, John Hussman has adapted the signals and is now warning of a very significant convergence of the ‘Hindenberg Omen’ and the ‘Titanic Syndrome’…

I’ve noted over the years that substantial market declines are often preceded by a combination of internal dispersion, where the market simultaneously registers a relatively large number of new highs and new lows among individual stocks, and a leadership reversal, where the statistics shift from a majority of new highs to a majority of new lows within a small number of trading sessions.

– John P. Hussman, Ph.D., Market Internals Go Negative, July 30, 2007

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