The Hindenburg Omen

I read about this today in the Toledo Free Press - Four ways to avoid the ‘Hindenburg Omen’. I started searching for a bit more information on the "Omen" -- Also recently written about in the Wall Street Journal:

The Dow is down 3.2% since the Omen was first triggered on Aug. 12. As avid Marketbeat readers know, the indicator’s creator Jim Miekka is looking for a 20% drop by approximately the end of September, so time will tell if his “omen” will come to fruition.

As reported in today’s Journal, the 50-year-old Miekka, blind former physics teacher, who is also an avid target shooter, might be the least likely person Wall Street would pay attention to, but he’s definitely on the radar these days as investors desperately look for any pointers on the direction of the stock market. Miekka splits his time living in remote parts of Maine and Florida, far from the concrete canyons of Manhattan, and publishes an obscure investing newsletter — the Sudbury Bull & Bear Report — that you’ve probably never heard of.

It's also been the focus of many other news reports, including this earlier piece from August 17 - What Exactly is the Hindenburg Omen:

But wait: Mad Money viewers know that Cramer views technical analysis as, for the most part, nothing more than divination. It’s a voodoo of sorts, by which technicians study past patterns in stock movements to predict where those stocks will go next. The only reason Cramer ever defers to the charts is because money managers often consult them. And because these large institutional players literally set market prices, it’s important to know what they are thinking at any given time.