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Kevin:
Let's suppose for a moment that someone is using financial astrology
to pinpoint market turns in price and time using a 5 minute chart of
the SnP. Now that is the kind of information that makes our mouths
water! WE WILL NEVER HEAR ABOUT IT! Would you share this
type of information? I don't think anyone would. Let's look for some
evidence at the moment on your side of the ledger. Some years ago
a publication called "The Skeptical Inquirer" wrote an excellent article
on the so called scientific efficacy of astrology. They selected a group
of 'serious' astrologers, people who were lauded by their peers as being
very knowledgable and competent. The magazine gave the same birth
chart to each of these astrologers. The result was that each came up
with a different interpretation; lending credence to the idea that the
methodology could not be scientific and was subject to interpretation.
Think about it. There are many types of astrological systems, methods
for constructing charts, house systems, etc. How could there, then, be
any ground for a common interpretation? I think that a lot of what goes on
with the cause and effect aspect of financial astrology can be best ex-
plained by the same phenomena that explains the SuperBowl indicator.
Apart from the fact that I have not seen any model logic which explains why
this should work, it is a case of coincidental backfitting. That is to
say,
this was simply one event that the law of large numbers thrust to the
spotlight as being associated with overall movements in the stock market.
Now, think about the dynamic backdrop of astro phenomena always in motion.
In the same manner, one is bound to find something that appears to be
causal; if you look hard enough.
Charles
> From: Kevin Morgan <kmorgan@xxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Astrology Isn't Used to Trade, Period.
> Date: Wednesday, September 16, 1998 11:33 AM
>
> Somehow the placement of my name next to the term "astroboy" has me in
> a foul mood.
>
> So let me just throw down the gauntlet:
>
> NO ONE TRADES ASTROLOGY. IT'S A PILE OF CRAP. ALL THE TALK OF
CONJUNCTIONS
> AND LUNAR ECLIPSES AND WHAT NOT ISN'T USED BY ANYONE ANYWHERE. It's
> just a bunch of theoretical gooblygook. No traders use it, none,
zippo,
> end of story!
>
> There. Now I've said it. What I really think, IMO, etcetera. It's not
> a subject for realtraders, because REAL TRADERS DON'T TRADE IT.
>
> The only thing that will make me change my mind is real time trades,
> and their astrological logic. I ain't seeing any here, and I don't
> expect to.
>
> I promise to myself I won't spend another ounce of energy on this silly
> subject.
>
>
> -k
>
>
> ps: In the spirit of what this is supposed to be about, I went long DM
> this morning. Seemed like an okay place to jump aboard what has been
> a truly stellar event, a market blasting off out of a symmetrical
> triangle. I SHOULD HAVE caught this right when it started two weeks
> ago. And perhaps, so should have you. If you weren't too busy
> thinking about the impact of the next Great Conjunction... Where my
> head was at I wish I knew, not focused I guess.
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