XJO 0.33% 8,226.3 s&p/asx 200

fridays trade, page-28

  1. 17,444 Posts.
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    SPI last night exceeded my dynamic highs by 3 pts before pulling back.

    That figure was 4325. Interestingly I have both weekly and monthly highs at the same figure, 4402.

    For a little light relief, some more on eclipses. Yes we just had a full moon and lunar elipse on Thursday preceded by a solar eclipse. Personally so long as SPI stays at these discounts I don't see any disasters.

    "Several years back, a cycle watcher named Steve Puetz attempted to see if eclipses and market crashes were somehow related. He studied eight of the greatest crashes in financial history, from the Holland Tulip Mania of 1637 to the Nikkei of 1990. He found that market crashes tend to occur near full moons, and that the greatest number of crashes start after the first full moon after a solar eclipse, when that full moon is also a lunar eclipse.

    Puetz found that all eight crashes occurred six days before to three days after a full moon that occurred within six weeks of a solar eclipse. The odds of that being a coincidence, Puetz calculated, are less than 1 in 127,000.
 
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