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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
Could have been lunar in Q3 as there were a total of 6 eclipses last year -- I think last time we had this many in 1 year was 2000. Two weeks ago we had a Lunar eclipse and now this solar eclipse tomorrow so it is wise to watch for trend changes. Looking at the markets I think we need a trend change -- markets are getting boring with stocks going up everyday. Need some volitility.
Fxtrader8
Ashraf
The eclipse you mentioned in your last post was a solar eclipse towards end of July 09. It also took place over China -- and the SSE composite did drop from 3400 at beginning of August to 2650 -- other markets were not as effected -- well let's see what happens this time. :)
fxtrader8, thanks for that. Late last year. i think Oct, there was a solar eclipse that lead some analysts to call for a market turnaround but nothing happened.
But Ill be closely watching the next 72 hrs. Chinese are not done raising rates.
Ashraf
We all like to use Fundamentals, and Technical Charts to navigate in and out of the markets but tomorrow an important event takes place -- a solar eclipse over Asia, Middle East and Africa. Maybe it's just coincidence but the Vix is back to the lows, commodities and still trending higher and dollar is still under pressure - and it seems there are less and less bears out there. So watch the effects of the eclipse in the financial markets in the next 48-72 hours as the planetary influence of the eclipse could be a trend changer in the opposite direction. Since the Sun rules governments watch out for some negative news out of the regions mentioned above. Just be careful because in August 2008 same solar eclipse followed huge rally dollar index from all time lows. Stars, charts, and fundementals.
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