Tuesday, September 13, 2011

Full Moon - as a technical indicator

Up to 60% of the human body is water, the brain is composed of 70% water, and the lungs are nearly 90% water. Lean muscle tissue contains about 75% water by weight, as is the brain; body fat contains 10% water and bone has 22% water. About 83% of our blood is water, which helps digest our food, transport waste, and control body temperature. Each day humans must replace 2.4 litres of water, some through drinking and the rest taken by the body from the foods eaten.

Human knowledge and mythology throughout time have spoken of the moon's effect on the earth and the human body. The moon's gravitational pull dictates the action of the ocean's tides. A woman's menstrual cycle runs in parallel to the cycle of the moon. Some believe the moon affects the emotions—for example, the full moon stimulates aggressive behavior.

In addition, the moon can affect the water contained in the human body. The human body is 60% water. When the moon reaches its full phase and new phase, its gravitational pull combines with the sun for the greatest gravitational effect. This period of increased effect lasts about 24 hours.

I have some favorite technical patterns that work more than they don't.  As a trader, A good technical pattern has to work more than 60% of the time.
The Following are my considerations:
#1 Support and Resistance as calculated by acceptable and proven techniques.
#2 Bearish Engulfing Pattern
#3 The Full Moon (representing change) and the New Moon (representing strength of direction)
#4 The Three Bar Bottom/and inversely Three Bar Top 

These are my favorite indicators and I feel they are correct more than 60% of the time.  The Full Moon effect includes 3 to 4 days before and after - likewise the same for the New Moon.

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