Safe Haven | The April 2006 Hindenburg Omen Has Now Been Confirmed: "Further, there was not one major decline (over 10 percent) that did not first have a Hindenburg Omen present to give an early warning. We were warned every time there was a crash, or multi-month plunge, of the higher-than-normal probability of one coming, through the presence of a Hindenburg Omen.
Well, once again we have one on the clock, right now, April 2005. Since April 7th, when we observed the first one, there have been three official confirming Omens, so we now sit with four. There actually have been two more that met the old definition that many analysts followed, but just missed under our stricter requirements that we established to improve the correlation with declines (see issue 305 in our archives for that definition). Of the five criteria, these last two missed only because New Highs were more than twice New Lows. Sometimes that situation leads to false positives, so we eliminate them. But, we still have four, so this Hindenburg Omen is now confirmed."
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