Replying to Hindenburg Omen (for those who follow the market)

is anyone reading about this right now? essentially its a market indicator thats been triggered recently, which has predicted every single market crash since 87. The creator of the Omen (a blind mathemetician) has gotten out of every one of his positions in the market, and is saying that we're going to 5000 on the dow, in a 1930s style depression, instead of the recession that we may or may not currently be in. I personally am all about technical indicators (i like charting) and i think theres alot of validity to it.

discuss.