This Isn't An Omen Anymore, It's A Hindenburg Disaster

In a

the markets received their third Hindenburg Omen today. This is the third confirmation since August 12, when the omen first appeared. The market is getting more and more crazy as the amount of new highs and new lows are becoming more and more widespread. This is a bad omen if you are long stocks. It would be wise for investors to sell on any upswings in the market, such as the gap up we had yesterday morning. Of course there are ways to profit off this, as outlined last week

In this article, I am highlighting additional ways to play this as demand for safe havens continues to surpass even the wildest imaginations. Investors may be wise to look at currencies if they believe that the markets are going to continue to sink. The two currencies I'm talking about are the U.S. dollar and the Japanese yen. Investors can buy the PowerShares DB US Dollar Index Bullish ETF

or CurrencyShares Japanese Yen Trust

. Both of these ETF's track movements in the underlying currencies and the dollar and the yen are seen as the most risk adverse currencies. Investors could also look to short the riskiest currencies through ETF's such as Currency Shares Australian Dollar Trust ETF

. Once this situation is played out, I would not be surprised to see an 8 handle on the Dow. That's how bad this might get.