Forget Hindenburg Omen And Death Cross – This Alarming Event Just Happened For The 5th Time In History And The Other 4 Times The Stock Market Collapsed More Than 33%!
KingWorldNews.com
August 12, 2015
Forget the “Hindenburg Omen” and “Death Cross,” because today King World News is sharing a powerful piece that warns we have just seen an event that has only happened 4 other times in history, and each time the stock market has proceeded to collapse by more than 33 percent. This piece also includes 2 illustrations that all KWN readers around the world must see.
By Jason Goepfert Founder & CEO Of SentimenTrader
August 12 (King World News) – “The hits just keep on coming for stocks, at least according to some scary headlines. First it was odd breadth divergences, now a death cross. Such headlines usually aren’t worth following up on, but they do highlight a true concern with recent market activity.
Ever since late June, a concern has been market breadth that is diverging from the major indexes. While commonly referenced indices like the Nasdaq 100 and S&P 500 hover near all-time highs, many stocks have been declining for months. As noted on July 29, more than half the stocks in the S&P 500 are down more than 10% from their highs.
That has led to an unusual condition where some days are seeing a lot of securities on the NYSE notching 52-week highs, and also a lot at 52-week lows. The fancy term for that is bifurcation, but let’s just call it a split market.
The Rest…HERE
