I have seen many great posts on indicators and techniques recently, so I thought I would share one of my own. I call it the “Goodwin Omen”, and it was triggered about two weeks ago.
The Goodwin Omen has been triggered before every powerful rally for the past 4 1/2 years. A specific criteria or set of events need to take place within a one month time frame for the Goodwin Omen to be triggered. When it is triggered, it is time for the bears to go back into hibernation or have their faces ripped off.
The first criteria for the Goodwin Omen to come to fruition is for the daily 10 and 20 day moving averages to be headed south.
The second criteria/event of the Goodwin Omen involves my cat, Joe Bangles. Joe Bangles needs to suffer from diarrhea for 3 days out of 5 with at least one day of normal solid scat in between bouts of diarrhea. This omen signal was validated Aug 19-23.
The third criteria involves my grandmother falling off the wagon and verbally abusing the television while watching The Young and the Restless. I’ve found it critical that she is arguing with the cast of Young and the Restless, any other show seems to weaken the omen. This omen signal was validated by my Mother Aug 11th.
The final criteria/event involves a nasty acne or contact dermatitis breakout which was validated Aug 27th, and is still haunting me as I type this. (Shoutout to Justin Bieber and his Proactive commercial, it's working better than Tim Knight's shipment of Oxy10)
If the Zweig Breadth Thrust is also triggered this Tuesday or Wednesday by rising from 40 to 61.5 within a 10 day period (which many will consider very bullish for the next year and a half), I will celebrate another successful Goodwin Omen prophecy to have taken place. If we instead drop like a stone; that’s okay also since the market has already successfully accomplished the 3.45% gain which is required to validate the Goodwin Omen. Best of luck to all of you.