I just mentioned religion in a previous post. I don't care about God, or if any moon effect exists. I see these more relevant to humans clinging to things that seem certain in an uncertain world. This thread is divided between this notion, and people with an obvious confirmation bias of their comforting and soothing beliefs.
LOL.....Stefan....are you a believer yet? 500 pt. reversal in the Dow good enough for you? A "V" bottom no less. Must have been orchestrated by those lunatic moon worshipers (otherwise known as the PPT).
stefan.... How many naked women do u have to walk by ..to figure out your hard on may not be a randon happening !!!! Sounds like u have your own "comforting" set of beliefs. My guess is that yoohoo has profited by his use of the Moooon.. The mkt certainly is giving a lovely random example of Yoohoos' "Moon Pressure " view of things..!!!!! At the risk of u calling me an ignorant prick.... I'm becoming a moonie........ :eek:
yoohoo Registered: Aug 2006 Posts: 1380 11-13-08 05:23 AM The Dow is on the verge of rolling over so immediate upside action is needed or we will test 6300. So how does the moon work? It gives me a head's up that irrespective of the markets condition, I will look for a reversal that could become a major event. stefan_777 Registered: May 2008 Posts: 35 11-13-08 05:00 PM -------------------------------------------------------------------------------- Quote from yoohoo: And I love the controversy it provokes especially from those who make up their minds without examining the facts. -------------------------------------------------------------------------------- Quote from stefan_777: Dude, that's exactly what you're doing. Making up your mind, regardless of the fact that the moon has no effect on people... ...Your facts are simply fantasy. It doesn't surprise me though that the market provokes such superstition. --------------------------------------------------------------------------- yoohoo Registered: Aug 2006 Posts: 1380 11-13-08 06:40 PM Great facts 777. Will study that in detail. Meanwhile, back in the real world, nice reversal on the 5 min chart as I look at the moon. Triggered 8085 Dow. -------------------------------------------------------------------------------- stefan_777 Registered: May 2008 Posts: 35 11-13-08 06:41 PM Happy losses! The charlatans are smart not to make their own bets. -------------------------------------------------------------------------------- stefan_777 Registered: May 2008 Posts: 35 11-13-08 07:16 PM -------------------------------------------------------------------------------- Quote from yoohoo: LOL Like it. Bet 777 thinks God's a fairystory too. -------------------------------------------------------------------------------- I just mentioned religion in a previous post. I don't care about God, or if any moon effect exists. I see these more relevant to humans clinging to things that seem certain in an uncertain world. This thread is divided between this notion, and people with an obvious confirmation bias of their comforting and soothing beliefs. ----------------------------------------------------------------------------- Hey 777, You're not going to believe this dude, but there's HUGE volume on an almost 900 point ONE DAY - FULL MOON REVERSAL when we were doing a BIG lead balloon drop. Between you and me, it was just another coincidence and I got lucky... like I did B4... and B4...and B4... and B4... and B4. Now about your call... you've gone awfully silent. Can you give me some more facts?
We were sideways for most of the day, dipped on low volume into major support, then a cascade of buyers comes into the market. So the full moon did this? Of course the fuckin full moon did it. I mean of all things explainable, what else could it be? Throw away supply and demand, and common conceptions of support/resistance, short-term bargain hunting by institutions, we are completely determined by the moon and not of our perceptions of a chart or market forces. Come on now, the study that you posted says in the abstract: "This paper investigates the relation between lunar phases and stock market returns of 48 countries. The findings indicate that stock returns are lower on the days around a full moon than on the days around a new moon." If I believed this junk, I would have gone short today when we were sideways because of the "correllation" of full moon and lower returns. But I would have been blown up if I was short. Don't think you're special calling for a reversal today, we have had major midday reversal multiple times a week lately, unless people think they're seeing full moons, it has to be something else. Only a moon following idiot would go short mid-day and leave his trading post, without regard to the support we mingled with today. But you have confirmation bias, everyone saw the opportunity of either a sharp reversal or a sharp down move through support. You see this as a moon event. No sorry buddy, you do not have the secret weapon, if there is one.
Is English a second language for you? What part of "reversal" don't you understand? Would trading a reversal mean going short after the market's dropped 15+% in the last 6 days? You can lead a horse to water, but.......
Do you just follow other people's word without doing your own research. Are you a sheep? I mean the only thing you moon idiots had to cling to was this study that yoohoo posted, and it says full moons are bad for returns. Here we are on a full moon day with a major upmove, how is this bad for index returns? Based on what the study says statistically, I should have gone short today. Don't you understand that? I don't care if someone called a reversal, that's easily anticipatable after a long down move into major support. If you people can not believe in unrelated coincidences, then maybe you watched too many disney movies as a kid.