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Hi Bob,
About the AstroTech stuff. May 4-5, aren't the days to watch. The start of
the planetary line up was on May 3 when Mercury is square to Neptune, the market
(DOW) dropped ~251 points.
The rest of the line up will start from May 8-10.
July is an important time frame, for that there are 3 eclipse's within that
month alone. For now I'm just going to focus on May.
The DOW was up but, on very low volume. Which leads me more into a cautious
state, than anything else.
TradeWell,
Joe Frabosilio
BobR wrote:
> Well, 05/04 and 05/05 have come to pass and no one is jumping out of windows
> on Wallstreet, yet. My contention in previous posts was that the Cinco de
> Mayo conjunctions were no comparison to August 25, 1987 or the upcoming July
> 2, 2000. The latter suggests something more significant than May 4th or
> 5th. The general technique for the astrotechs is to use the conjunctions,
> oppositions, aspects in specific, as trend change points. The current
> situation seems to be one of holding your breath in advance of the
> conjunctions and exhaling when nothing happens except CNBC posts an astro
> chart for the first time ever and Ms. Behrend says she would prefer a
> Margarita. Best time to strike an opponent is on the exhale and I hope that
> is not what is going to happen to the market during a relief rally. Perhaps
> its the continual denial of the effect of rising interest rates or a
> reflection on the youthfulness of money managers with the fixation on
> momentum. The synchronicity of matters on earth and matters in the stars
> continue to puzzel and at sometimes induce amazement. For example in
> looking for a trend change the end of day cumulative volume has been
> declining below its 200 day exponential moving average for quite awhile now.
> Recently it has moved above the 200 day ema whereas the DOW is still hanging
> out below. The RSI of EODCV and RSI of DOW have an encouraging bullish
> divergence as reflected in the uptrend of cumulative volume for the NYA(see
> second post). This speaks more for the broad mkt than the narrow dow of
> course. This early morning fix on TA also recognizes the uncanny earth/star
> synchronicity of conjunctions, oppositions, aspects and trend change on the
> MoCycle chart of the OEX, US dollar, XAU, T bond yields, and a commodities
> index. Last couple of days the OEX has been at the opposite side of a
> standard distribution from all of its intermarket analysis partners just as
> the Cinco de Mayo made margarita news, perhaps a premature toast to being
> toasted. Its what happens next that is a bit of concern as the potential is
> there for a massive mean reversion for all components, or a continuation
> move for all out to +,- 3 std. dev. The next four weeks have just got to be
> rather significant in the annals of market history.
>
> Bob Roeske
> http://www.oextrader.com
>
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