http://xa.yimg.com/kq/groups/17324418/945690453/name/RBS+Moon+Phase.pdf Is this a hoax or what? They are talking of a 2,388% ( !!!!!!!) increase in returns trading the S&P with lunar phases as a guide.
This isn't new, as there have been a few academic papers on the subject in the past... In reality, these things are not exploitable.
Well, the report I mentioned was based on simple signals from full and new moon. Huge increase in returns they found.
Haha, no wonder they're broke - they really couldn't find 1 thing more productive to do than that. -Guy who realizes irony of his own post
I have a feeling something is fishy with that paper. I have no time to analyze the results. Here is an analysis from a blog with examples that indicates no significant advantage was gained when moon phases were used to trade SPY http://www.priceactionlab.com/Blog/?p=15
Chinese academics are less than stellar - they have a pretty bad reputation for cooking up numbers, using selective bias and copying previously published work.
Maybe so but there is a lot of cooking everywhere, from physics, to corporate accounting to whole country budget deficits, inflation and unemployment. The only thing is that governments are allowed to cook officially.