Per Steve Puetz, the eclipse “crash window” is supposed to be from 6
days before to 3 days after a full moon within six weeks of a solar
eclipse, but most often panics occur around the time of a lunar eclipse
two weeks after a solar eclipse:
“Puetz attempted to discover if
eclipses and market crashes were somehow connected. Without discussing
our own opinion on the potential connection between astronomical
configurations and market timing, let’s simply relate to you the basic
findings discussed by Puetz. He emphasized that he is not contending
that full moons close to solar eclipses cause market crashes. But he
does conclude that a full moon in general and a lunar (eclipse) full
moon close to solar eclipses, in particular, seem to be the triggering
device that allows for the rapid transformation of investor psychology
from manic greed to paranoia. He asks what the odds are that eight of
the greatest market crashes in history would accidentally fall within a
time period of six days before to three days after a full moon that
occurred within six weeks of a solar eclipse? His answer is that for all
eight crashes to accidentally fall within the required intervals would
be .23 raised to the eighth power less than one chance in 127,000.””.
. .Puetz) used eight previous crashes in various markets from the
Holland Tulip Mania in 1637 through the Tokyo crash in 1990. He noted
that market crashes tend to be lumped near the full moons that are also
lunar eclipses. In fact, he states, the greatest number of crashes start after the first full moon after a solar eclipse when that full moon is also a lunar eclipse
. . Once the panic starts, Puetz notes, it generally lasts from two to
four weeks. The tendency has been for the markets to peak a few days
ahead of the full moon, move flat to slightly lower –waiting for the
full moon to pass. Then on the day of the full moon or slightly after,
the brunt of the crash hits the marketplace.”
Hope you’re right on that as the longer it chops sideways the more bullish it is. We need it to rollover some tomorrow as well, and then tank on Wednesday. If they drag it out they will work off the overbought conditions and then it could rally again.
But that should take more then one day… probably more like 2-3 days for the 4hr and 2hr charts to move from overbought to oversold. We Bears need them to get overbought (like they are now) so the move down in the market can go deep with the charts.
I am still holding short from 1404 sp level from last friday. We have a lunar eclipse for this Wednesday, a extremely powerful day. As long as we hold a round these levels today, wed should have a good downdraft in the markets. It Feels like we will have a good day with the shorts wed.
The Nasdaq and the Russell are lagging behind the S&P500 right now as it wants to rollover but the other two haven’t quite finished their move up. I suspect we’ll end about flat for the day with a bias to a small move down.
But by tomorrow the Nasdaq and the Russell should be peaked out and get a bearish cross on their MACD’s for the 2hr and 4hr charts. This should allow all of them to rollover and produce a nice down day together.
Agreed, but I do expect a higher high on Monday as today’s closing candle pattern on the SPX is a bullish engulfing one, which has 90%+ odds of a follow through to the upside on the next trading day.
Of course it could just go up one point higher and then rollover hard and close down for the day. Or it could go up another 5-10 points and then rollover. Regardless though, I do see Monday as a down day. In fact, I see the whole week as down.
Per Steve Puetz, the eclipse “crash window” is supposed to be from 6
days before to 3 days after a full moon within six weeks of a solar
eclipse, but most often panics occur around the time of a lunar eclipse
two weeks after a solar eclipse:
“Puetz attempted to discover if
eclipses and market crashes were somehow connected. Without discussing
our own opinion on the potential connection between astronomical
configurations and market timing, let’s simply relate to you the basic
findings discussed by Puetz. He emphasized that he is not contending
that full moons close to solar eclipses cause market crashes. But he
does conclude that a full moon in general and a lunar (eclipse) full
moon close to solar eclipses, in particular, seem to be the triggering
device that allows for the rapid transformation of investor psychology
from manic greed to paranoia. He asks what the odds are that eight of
the greatest market crashes in history would accidentally fall within a
time period of six days before to three days after a full moon that
occurred within six weeks of a solar eclipse? His answer is that for all
eight crashes to accidentally fall within the required intervals would
be .23 raised to the eighth power less than one chance in 127,000.””.
. .Puetz) used eight previous crashes in various markets from the
Holland Tulip Mania in 1637 through the Tokyo crash in 1990. He noted
that market crashes tend to be lumped near the full moons that are also
lunar eclipses. In fact, he states, the greatest number of crashes start after the first full moon after a solar eclipse when that full moon is also a lunar eclipse
. . Once the panic starts, Puetz notes, it generally lasts from two to
four weeks. The tendency has been for the markets to peak a few days
ahead of the full moon, move flat to slightly lower –waiting for the
full moon to pass. Then on the day of the full moon or slightly after,
the brunt of the crash hits the marketplace.”
Hope you’re right on that as the longer it chops sideways the more bullish it is. We need it to rollover some tomorrow as well, and then tank on Wednesday. If they drag it out they will work off the overbought conditions and then it could rally again.
But that should take more then one day… probably more like 2-3 days for the 4hr and 2hr charts to move from overbought to oversold. We Bears need them to get overbought (like they are now) so the move down in the market can go deep with the charts.
I am still holding short from 1404 sp level from last friday. We have a lunar eclipse for this Wednesday, a extremely powerful day. As long as we hold a round these levels today, wed should have a good downdraft in the markets. It Feels like we will have a good day with the shorts wed.
CRUDE Oil Triangle pattern: http://niftychartsandpatterns.blogspot.in/2012/11/crude-oil-triangle-pattern.html
Morning Update:
The Nasdaq and the Russell are lagging behind the S&P500 right now as it wants to rollover but the other two haven’t quite finished their move up. I suspect we’ll end about flat for the day with a bias to a small move down.
But by tomorrow the Nasdaq and the Russell should be peaked out and get a bearish cross on their MACD’s for the 2hr and 4hr charts. This should allow all of them to rollover and produce a nice down day together.
ES Resistance levels: http://niftychartsandpatterns.blogspot.in/2012/11/es-resistance-levels_26.html
INTEL Analysis: http://niftychartsandpatterns.blogspot.in/2012/11/intel-weekend-update.html
RIMM Weekend update: http://niftychartsandpatterns.blogspot.in/2012/11/rimm-weekend-update.html
60 min RSI on SP,Nasdaq etc. very extreme in the 75-77 range. A very parabolic finish look to it.
The SP weekly bounced to its BB midline.
Monday should be 938 trading days (911) from the 3-6-9 low.
Agreed, but I do expect a higher high on Monday as today’s closing candle pattern on the SPX is a bullish engulfing one, which has 90%+ odds of a follow through to the upside on the next trading day.
Of course it could just go up one point higher and then rollover hard and close down for the day. Or it could go up another 5-10 points and then rollover. Regardless though, I do see Monday as a down day. In fact, I see the whole week as down.