Hindenberg Omen - Update

http://letstalkaboutshares.blogspot.com/2007/07/hindenberg-omen-stock-market-crash.html

Following on from my article on Thursday 12th July (see above)a sixth Hindenberg Omen presented itself on Friday 20th July.

The markets have been pushing up to new highs, the bulls are on the march, but is this just another sign of impending doom.

In relation to what I said previously about the housing market being significant in all this, the weather is probably going to play a major part in some areas for the sales to come to a standstill.

With the current flooding in many parts of England at the moment, people won't be able to stay in their 'own' houses for many many months, let alone sell them on to anyone else. I heard a woman on the news this morning saying, "This is the 3rd time I've been flooded. I've had enough. I need to move to another area." The question is how will she do that? Would you buy her house? I wouldn't.

Both the Dow and the Ftse started a decline on Friday, but whether this is the start of a larger drop or just a rest before a push for new highs remains to be seen.

It's worth being wary though.