Tonight, at 7:30 after trading hours, there is a Lunar Eclipse that will be seen over much of the USA which is still the economic powerhouse of the world and home of the Economic Hitman
Sometimes the market is uncanningly correlated with the moon phase, with trend changes occuring at or 2 days after the moon, up to 3 days. This is a "weak eclipse" since it will only partly shade the moon, but should be visible with the naked eye.
Since we are also at the top top of the 4 year up channel, and accelerating up and out of this channel seems almost absurd, methinks we drop hard into next week.
A flyaway gap, over the Bernoulli 177, what are the chances that "avoiding a budget diasaster" will cause up to accelerate up and out of the last border of the greatest ramp job market in history. 1%, just ask the 1%
On NZD JPY one of my favorite co-indicators for US markets.
Often a triangle is a continuation pattern, that would be up, that could be positive for US equities as these are often correlated well. But a breakdown of this triangle would indicate a move to 81 or so, and a drop is US equitiesMan's knowledge of eclipses has been pretty good for quite some time. Those who could predict such things, could colosidate power over the common people who would be amazed at the spectacle and the fact that their local leader caused it. Columbus was a student of astronomy, back in the day, they didn't have any GPS. They used stars and moon to navigate. But they had pretty advanced knowledge considering the "feudal" nature of things. Columbus used his knowledge to get power over the "savages" of Jamaica, ie. calm the sheeple, by predicting an eclipse and then chanting in order to get the eclipse to go away. The old "Eclipse Hitman"
An eclipse also saved Columbus’s butt on one occasion. The story goes that tensions had come to a head between the locals and Columbus’s crew while stranded on the island of Jamaica in 1504. Noting that a lunar eclipse was about to occur on March 1st (the evening of February 29th for North America), Columbus told the local leader that the Moon would rise “inflamed with wrath,” as indeed it did that night, right on schedule. Columbus then made a great show of pretending to pray for heavenly intersession, after which the Moon returned to its rightful color. This kept a conniving Columbus and his crew stocked in supplies until a rescue ship arrived in June of that year.