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so: there were no ugly news surprises yesterday


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#1 humble1

humble1

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Posted 19 August 2008 - 03:25 AM

ms. market did this all on her own, which is the best kind of day to tell the real direction of a running tide. and, speaking of tides, how about that much previously-discussed 8/16 astro and lunar eclipse turning point? as i posted on several threads a week or so ago (wherein i clearly opined the lunar would be a high: a sell point), this is an example of how to "trade the moons" especially the IMPORTANT MOONS like the second of an eclipse pair showing up in august. those who follow this system sold on the close friday and now can put in a profit protective stop or one at breakeven. if they are wrong, no harm; if they are right, they are in for a big pay-off. i think they/we will be right and right BIG, fwiw! this is not an intraday trade, of course. it's done on the daily spx chart, making entry and exit fairly easy: just a delicious time frame for a very lazy man. so, you get the idea; let's see what happens. i don't intend to post trades or other real time examples: it's too much work and i don't want the responsibility of follow-up and i am not pretending to be a guru. comments, pro and con, are welcomed and urged.

Edited by humble1, 19 August 2008 - 03:30 AM.