Look, when programming gurus (and he’s one of the good guys, incidentally) are twittering about NYSE crashes and Hindenburg Omens, then maybe it’s time to take just a teensy dabble of a long position.   Sure, maybe the bottom falls out and we all have to learn to settle for Central Park Pigeon entrées, but then again maybe all these publicly traded companies aren’t entirely worthless.

Even hardcore traders won’t seem to stop buzzing about the Hindenburgs they see.  What is the world coming to when people won’t even read to the end of a Wikipedia article?!

“However, the fact remains that out of the previous 25 confirmed signals only 8% (two) have failed to predict at least a mild (2-4.9%) decline.”

Ooh, able to predict 2% declines?  Wow.  Nevermind that a market down 2% is a daily occurrence in these parts; this Hindenburg thing rivals the Superbowl indicator.  But the bigger point here is that once an idea has filtered out into the world of decent, sane human beings, that idea’s time is about over.

Last 5 posts by Condor Options

• Midweek Sméagol Reading - August 20th, 2008
• More on The Correlation Game - August 18th, 2008
• August Monthly Review - August 17th, 2008
• They Have the Passports to Prove It - August 13th, 2008
• Sleepy Nasdaq - August 12th, 2008