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We have recently had a discussion on wether a full moon affects markets or
not.
I would like to take the issue a little further.
There are those who are of the opinion that a solar eclipse also have an
impact on markets. Perhaps even more so.
Take a look at Hans Hannula's website and his article "The Crash of 1997",
http://www.sni.net/hans/crash97a.html
You have to read it with an open mind though and look through some of his
advertising for his own site and work.
If you do that, you may find his comments about solar and moon eclipses
interesting.
If you don't care to read it all (it's looong), perhaps you will find the
enclosed gifs interesting. Eclips1 is the SP cash index from 1982-Feb 91.
Eclipse2: Feb91-Jan95 and Eclipse3:March94 -Now.
Note that you are looking at a weekly chart so the Trend change may not
have been on the exact Eclipse date when it looks like it on the chart.
Blue bars:Moon eclips Red bars Sun eclips.
How it works (IF it works), is that we will have a possible trend change if
the affected market is trading into the eclipse date.
What is interesting today is that we have recently had a break out in SP
from what looks like a inverted H&S pattern (in this case a continuation
pattern). We have, however not had a pullback (test) to the break-out line
yet.
I would be very alert comming the week of February 26.
An ideal scenario, in my opinion, could be a top that week, with a pullback
into the Moon Eclips two weeks later in March.
Any other suggestions?
Regards
Stig
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