i note a bunch of discussion/arguments about lunar cycles today. ahh...we never fully get over these discussions do we.
my contribution to the debate - the chart below is loosely based on the same notion and is for the month of june in the u.s.
as you can see, the chart for june suggests a peak in the u.s. on 5 june, a low on 17 june. if the cycle holds up, we may get a bounce in the u.s. for a couple of days.
now check the above dates with market movements in june so far and tell me that there is no correlation.
fwiw - i've worked with this method for nearly two years now. it is not perfect, but the hit rate is far higher than pure chance. however, it is not a stand alone tool and i only use it to complement my t.a. work (really for entertainment value).
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