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Ed Ross wrote:
>
> A look at the old-fashioned moving average with Bollinger Bands on the
> daily OEX shows the bands narrowing. This tends to preceed a strong move.
>
> As to direction, the previous trend always continues except when it doesn't
> (suggests moving up). Prices have spent some time below the 20-day average
> lately, and the 20-day has fallen below the 50-day (suggests moving down).
> So, I haven't got a clue.
>
> If you cycle/planetary folks have some important dates coming up in the
> next week or two, perhaps both looks are giving the same message and it's
> worth paying close attention.
>
> Cheers,
> Ed
Ed,
Yes, tonight, 9/9, Mercury goes Direct following 3 weeks of retrograde
motion, and 9/16 there is a Full Moon, Lunar Eclipse, at Perigee. The
latter is a rare conincidence of three Lunar cycles. The closest this
to this in recent months was September 1, 1997 when there was a New Moon
Solar Eclipse at Apogee. The market was closed in the US on September 1
for Labor Day. As you may remember, the DJIA had it biggest up day
in points on Tuesday September 2. Sept. 2 was also the third largest
percentage up move day. A listing of the 3 largest up moves in
percentage for the past ten years shows the following:
1. October 16, 1989 - 1 next day trading after a Full Moon at Perigee
2. January 16, 1991 - 1 next after Solar Ecliipse conjunct Saturn
3. September 2, 1997 - 1 day after Solar Eclipse at Apogee.
September 16, 1997 - Full Moon Lunar Eclipse at Perigee = ????
Mooningly,
Norman
So,
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