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Hi Harold and all RTers -
Personally, I am not a true follower of "financial astrology", but you
might be interested to know that this has been a raging debate within
the Market Technician's Association also for a while. Arch Crawford is a
member of the MTA, and ties astrology and TA together. Some TA people
believe that it does not belong as part of TA, others do.
I believe, with great care anyway, that it does belong. I am not so sure
about conjunction of Uranus (or anybody else's ha-ha) with Pluto are
important, but we sure do know that galactice events have affected human
behavior for millenia, from worship and fea of comets to the fact that
most religions are based on a lunar calendar. Easter and Good Friday are
also based on the lunar calendar too.
The tides are based on the phases of the moon, and I believe there have
been studies that have shown that people act differently around full
moons. So, yes, there is a behavioral reason for being aware
astrological predictions. TA is interested in crowd behavior, and there
does seem to be an astrological basis for the same.
Steve Poser
Harold Gibbs wrote:
>
> At the risk of causing some controversy, I just have to post this
> question!
>
> There has recently been a lot of stuff on RT regarding astrology. Can
> anyone give me any reasonable picture of a plausible causal link between
> the motions of stars that are thousands of light years away and the
> movements of the stock markets? Why are non-visible astronomical objects
> ignored? Remember, as any undergrad statistics student knows, that
> correlation does not equal proof. Talking of "proof" - aren't there too
> many possible combinations of astological variables leading to "curve
> fitting"? How do you back test "financial astrology"?
>
> At least with fundamental or technical analysis there are some
> plausible links that can be made - eg: the fear/greed factor.
>
> In the absence of any plausible arguement for financial astrology, I find
> it strange that so many people think there is something in it!
>
> Harold
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