Second Confirmation of Hindenburg Omen

says Zero Hedge, noting also the Iranian nuclear reactor event on Saturday:

"Longs may be forgiven if they are sweating their long positions over the weekend: not only did we just have a second, and far more solid Hindenburg Omen confirmation today, with 82 new highs, and 94 new lows, but the Saturday is the day when Iran launches its nuclear reactor, and everyone will be very jumpy regarding any piece of news out of the middle east. As for the H.O., the more validations we receive, the greater the confusion in the market, and the greater the possibility for a melt down (or up, as the case may be now that the market is unlike what it has ever been in the past). Furthermore, with implied correlation at record levels (JCJ at around 78), any potential crash will be like never before, as virtually all stocks now go up or down as one, more so than ever before. And should the HFT STOP command take place, the future should be very interesting indeed (at least for the primary dealers, and the Atari consoles which are unable to VWAP dump their holdings in the nano second before stuff goes bidless)."

Be very careful out there. Back to back Hindenburg Omen (see the previous post for the first confirmation, which was yesterday), I bet it's the first...

On the other hand, you could argue that this stock market is so broken with HTF algo-bot infestation, regulatory incompetence (SEC and CFTC), regulatory power-grab (FinReg bill aka Dodd-Frank bill aka Donk bill) that a Hindenburg Omen now occurs regularly, signaling absolutely nothing.