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>> details from the Doc other than his remark that P. T. Barnum was right about
>> a fool born every minute.
I am using Supertradr's Almanac a lot.
Frank Taucher has tons of information in that book. Among other things, what he calls Astrodays/weeks and a Pesavento Index.
These are dates or periods in time when one or more planets line up (as seen from earth) at certain angles. Depending on angles, number of planets and which planets are involved, the days are indexed. Extreme high index and extreme low index has historically been seen together with either large market movements or tops/bottoms. Some people call these days high energy days.
For your information, this week is what you could call an Astroweek or perhaps a high energy week according to the Almanac. Tomorrow is a "Minor" Astroday.
The funny thing I have noticed, is that at these time periods I see more postings on RT (larger volume) and people are more touchy, we are not as kind to each other as we usually are (me included - sorry Wong). People seem to have more opinions on the market. I also see it in my family, if we have a big argument - it's almost always at an Astroday/week - high energy.
But what is REALLY interesting is that going back in time you can really see that if we have an important top/bottom, it is ALMOST ALLWAYS at one og these "high energy " days/weeks.
Which is NOT to say that these periods ALLWAYS generate an important top/bottom!
It may also be a small top/bottom. Or nothing - but it pays to be alert.
Like perhaps in the Euro/dollar, which I have been watching for a while.
Looking at the dol.gif we imediately see the large flagg to the right, which should warn us of a falling Euro, once we have a break out downside.
But looking more closely, we find that we are at an important support area in price, in many ways:
The lower Flagg-trendline
Apex of the triangle the Euro broke out upside of earlier (a test should have been expected)
Several earlier bottoms
78,6% retracement level which is the last support for a continued upmove.
We are at the end of a minor 5 wave decline.
We also have time-support: several fib time relationships.
Not to forget, high energy dates (astroweek warning of trend change this week + minor astroday tomorrow + Lunar eclips today EST 22:42)
The funny thing, is how often the fib/time relationships coincide with astro days/weeks!?
Could it be that prices are influenced by the planets??? Hmmmmmmm
The low is a reversal day (new low and higher close).
This is what I think Robert Miner teaches as a good setup for a trade going long. With a stop just below the most recent low. 1.0113.
What I find interesting is that the new low(by 1 tick) also broke the trend line at the 4rth touch, hence we "should" have had a continioued decline. But since we didn't, it was a "fooler" and thus I think we can expect a powerful move in the oposite direction tomorrow.
Talking about Astro - I couldn't figure out why we should have had a top in the DOW on friday the 14th, besides all the trend lines that met there.
And that the index had broken down from a wedge so long time ago that most people probably had forgotten that the last move up, was just a test of the wedge from the downside.
first I thought the top would be at the first test of the wedge (at "1"), but now realising that the 14th is just one day away from an Astroweek the 2nd top makes more sense. (all this is in the DW.gif)
On the other the "Correction" may very well be over tomorrow - after all it's a minor astroday which we often see together with bottoms.......
Good trading
Stig
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