These patterns are easy to see, but can we depend on the same thing this time down to the trend support? Oil has a voice here, as well as world turmoil and unrest. We may descend to secondary trend support this time, and then ?
Comments
SMP99
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nice chart. what are the circles depicting?
claydoctor
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Moon phases, dark circles are full moons, and the relationship of a down market, at different degrees every 28 days, the moon cycle. Oct 8th is not just a full moon, but an eclipse, and a blood red moon event. In different cultures it means different things, and all cultures and societies trade. I say it does effect the markets, indirectly.
SMP99
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ok thanks. Never really considered it too much i suppose.
claydoctor
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Neither did I until I mapped a historical chart. Its not the cause, but the cycle bears watching as a minor confirming indicator.