http://en.wikipedia.org/wiki/Hindenburg_Omen
I will let you do your own reading on that. It is quite the mouthful.
Here are my two Elliott Wave count preferences. I am suspect in this 1040 t 1080 range and can't tell you much until we get out of it. No sense in micro managing this count here, as to be prooved a fool. The sell off has been considerably weak so far, which makes me quite reserved. Another move up, with a drop in the VIX to lower put option prices would be fantastic. And from a historical perspective, owning October Puts would definitely be in my favor. ;) We all know it gets very interesting when the real money is done with their vacations.
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