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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (27992)	7/19/1999 2:18:00 PM
From: Chip McVickar	Read Replies (3) \| Respond to of 44573

John, Most of this kind of work has been concentrated on the Solar Eclipse of August 11th. But there seems very little published work (with hard data) to substantiate these Lunar and Solar events over a long period of market history as reliable trading patterns. What does come out is also mixed with personal forecasts which is where the writers draw their audience and make their money. These subjective pronouncements are often nothing more then noise. Feb 16th was the last lunar eclipse off a new moon, it was basically a non event that continued that volatile sideways market of Jan-March99 around 9200 Dow and set the stage for today's highs. I don't trade these lunar or solar patterns independently,...but use them as signal posts for possible indicators and pivots for major changes in trend. Will be interesting to see what happens. Chip

To: John Pitera who wrote (27992)	7/19/1999 2:19:00 PM
From: John Meade	Read Replies (2) \| Respond to of 44573

John & Chip, You might want to consider the following as well; We are supposedly heading in to what Leo Hood calls a "tech nuclear winter". He says that 75%-80% of of all purchases that have been fueling the tech companies growth are from corporations vs (People like us geeking out on four monitors and a hot PC) He states that these corporations have put a complete freeze on the purchasing of any new equipment until after the new year in order to see what happens with y2k. On Friday, I spoke to a friend of mine who works for FEDEX. He said that the district manager called all the employees in for a meeting and told them that FEDEX wanted to upgrade systems but will not be doing it until after y2k. He then preceded to tell them that the company is also worried about 9/9/99. Leo Hood also pointed out the VIX in relation to last years correction. This much complacency means that even the taxi drivers (Dumb Money) think all you have to do is buy, buy, buy. Not a good sign. PS. Chip tomorrow is an Ashtami (8th) day that I mentioned. Should get very wide swings (VOLATILE) John