Did you ever think that the Federal Reserve was a bit luny? Or that the market reaction to a bit of Fed news was a bit crazy. Well, it is. That's because the moon spies on the Fed. Well, not really, but it does drive emotions, including those emotional reactions to annoucements following a Fed Open Market Committee meeting.
This chart shows the Moon on May 19, 1998. The FOMC was meeting that day. Prices followed the -MoonTide all day. The early high was marked at A. Prices went flat on the -JUPITER line as the FOMC meeting began.
The high of the day, as called for by -MoonTide, came as the quarter moon lined up with the exchange at C. The -MoonTide was the down into 2:48. But prices held flat until C, when the FOMC meeting concluded, and the Fed announced no change in rates.
Logically, no increase in rates should have caused a rally. But it didn't. Prices followed the -MoonTide right down to the moon electric flux line at E ! Pretty luny reaction, no?
Even the late rally was "in the elctric field", including the tiny low at F.
So while us humans think we run things, it's pretty clear that the earth's electric fields are stong emotional winds in the courses we chart.
