We've written before about the tendency for markets to peak on summer new moons, and for markets to have autumn crashes. Both phenomenons occurred in 1929 and 1987. But 2012 saw a summer, new moon peak without a corresponding crash. Our observation today is that these years with summer, new moon peaks seem to follow similar paths following those peaks, with twin lows near the subsequent full and new moons. Here's a comparison of this year with last.
click chart to enlarge
Discussion continued within for subscribers...
Subscribe to see the rest of this post.