This from the Saturday WSJ (8/14 - 15) titled "Hindenburg Omen Flashes"

"Forget about Friday the 13th. Many on Wall Street took to whispering about an even scarier phenomenon—the "Hindenburg Omen."

The Omen, named after the famous German airship in 1937 that crashed in Lakehurst, N.J., is a technical indicator that foreshadows not just a bear market but a stock-market crash. Its creator, a blind mathematician named Jim Miekka, said his indicator is now predicting a market meltdown in September."

The article goes on to state that while the Omen (which was tripped this week) was behind every market crash since 1987, it has also occurred many other times without any ensuing significant downturn. One technical analyst at Schaefer's Investment Research did say that it does show some deteriorating internals, which signals some major concerns. But is isn't a reason to move to 199% in cash. We're considering it more though than other indicators.