A diary of the thought process behind my investment decisions
The Shmindenburg Death Cross
Helene Meisler of RealMoney.com , the best technical analyst out there, points out that only 5 of the 92 new highs on the NYSE are common stocks. Most are preferred shares or bond funds. Looking at common stocks only there is nowhere near enough new highs for a Hindenburg omen. Not that I would invest a penny based on it anyway.