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Mikula Forecasting
Company: Strategy #21:
Planetary Lines Part 1
====================
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
====================
The alignment of planetary lines on a financial chart often
shows a correlation between the planetary lines and the
movement of the stock or commodity. In this first article
discussing planetary lines we are going to take a simple
look at planetary lines on several charts. The first chart
shows a weekly chart for the 30 year U.S. Bonds continuous
futures. The planetary lines for the moon's True Node have
been added to this chart. Notice the tops and bottoms for
the weekly bonds have fallen near the true nodes planetary
lines. These are marked with the letters A, B, C, D, E and
F. This shows a long term correlation between the bonds and
the true node of the moon. In the next few articles we will
be discussing how to add planetary lines to a trading
plan.
The next chart shows the daily chart for Amgen, stock symbol
AMGN. The planetary lines for Mars have been drawn on this
chart in both the direct and inverse directions. This
creates a crisscross pattern. On many daily charts when the
market is trending, the planetary lines for Mars will
identify the slope of the trend. A daily chart trend will
often end against a Mars line. In addition to helping a
trader judge the correct slope of the market trend, the
planetary lines for Mars have also correlated with the
pivots at points A, B, C, D and E.
The next chart shows the daily stock for Qwest Communication
symbol Q. The planetary lines for Jupiter have been added to
this chart. This is a simple chart showing the correlation
between the stock pivots at A, B, C, D, E, F and G and the
Jupiter planetary lines. In the next few articles we will be
discussing how to add these types of planetary lines to a
trading plan.
Here is the daily stock chart for Home Depot symbol HD. The
planetary lines for Mars have been added to this chart. The
Mars lines are often important for daily stock charts
because the slope of the Mars lines often track with the
slope of an uptrends or downtrends. When the market moves
upward in between two planetary lines, the market is moving
up at the same slope as the planetary lines. On the chart
below, you can see the market spend a lot of time moving
upward between the line. This market also formed pivots at
A, B, C and D. In the next few articles we will be
discussing how to combined these planetary lines with other
tools such as the pitchfork.
MORE:
To see more examples of Planetary Lines read the
version of this article on the MarketWarrior
owners page.
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