We Get An Official Confirmed Hindenburg Omen On August 20th, 2010

We got a second official confirmed Hindenburg Omen observation Friday, August 20th, 2010 after getting a first observation Thursday, August 12th, 2010, meaning we are now on the clock watching for a stock market crash. There is a much higher than normal probability of a stock market crash starting sometime over the next four months. All criteria were met Friday. August 20th's observation saw 83 NYSE New 52 Week Highs, and 95 NYSE New 52 Week Lows according to the Wall Street Journal, the lower of the two coming in at 2.64 percent, above the 2.2 percent threshold required for a Hindenburg Omen observation. Total NYSE issues traded were 3,143. New Highs were not more than twice New Lows, the McClellan Oscillator was negative at negative -106.46, and the 10 Week Moving Average is rising. This second observation on August 20th has occurred within the required 36 day period necessary for a cluster (two or more observations) to occur.