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Mikula Forecasting
Company: Strategy #11: Moon
Phase and Super-Pitchfork
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Written by: Patrick Mikula CTA
Copyright (c)2003-06 by Patrick Mikula All Rights Reserved.
(Please to not copy or foreword this article).
Mikula Forecasting Company
P.O. Box 152672
Austin, TX 78715-2672
USA
www.MikulaForecasting.com
support@MikulaForecasting.com
====================
I like to use methods which include an astrological
approach because they do not become over followed by other
traders. Here is an excellent method which includes the
MarketWarrior Super-Pitchfork and the moon phase. This first
chart below shows a daily chart for Coca-Cola symbol KO. The
four cardinal points of the moon phase have been identified
by dots. These are the new moon (yellow), first quarter moon
(Fuchsia), full moon (blue) and third quarter moon (red).
The Super-Pitchfork has been drawn using pivots A, B and C.
After point C, the market moved up to point D where the
market made a top. At point D several items come together at
the same time. The market has moved up and touched the
Median Line where the Median Line is intersecting a Reaction
Line. This in and of itself is important but also notice
that this occurs on the day of a new moon. So we have the
price returning to the Median Line at the intersection of
two lines in the Super-Pitchfork on the day of a new moon.
This is a nice setup for a pivot and the market then falls.
You might be wondering how points A, B and C were selected
to draw the Super-Pitchfork. The answer is simply that
points A, B and C were the most current pivots available
before point D formed.
The next chart below shows the daily July 2004 Wheat
futures. The chart below shows the Super-Pitchfork drawn
from points A, B and C. The four cardinal points of the moon
phase have been identified by dots. These are the new moon
(yellow), first quarter moon (blue), full moon (red) and
third quarter moon (Fuchsia). On this chart notice the price
at point D has moved up and touched an intersection of two
lines in the Super-Pitchfork on the day of a new moon. This
is the intersection of a Reaction Line and a Warning Line.
When the price reached a line intersection on the
Super-Pitchfork it is important by itself but when one of
the moon phase points is also there it has added important.
The moon phase has always been recognized as a trigger for
cycle turns but there are a lot of moon phase points. This
method allows us to determine which moon phase points will
be the trigger.
The next chart below shows a continuation of the daily July
2004 Wheat futures seen above. The Super-Pitchfork has been
drawn from three new pivots labeled A, B and C. Notice again
that the price moved up to point D where a top pivot formed.
At point D the price reached the intersection of a Reaction
Line and a Warning Line at the time of a new moon. This line
intersection moon phase combination makes for a very good
setup to watch for a pivot.
MORE:
To see another example of this method read the
version of this article on the MarketWarrior
owners page.
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Mikula Forecasting Company