Wall Street Buyers Beware…. Lunar Eclipse This Weekend.

Posted By on June 22, 2010

This mention from Art Cashin,  Cashin’s Comments from the floor of The New York Stock Exchange……….

That Looming Weekend Cycle – We mentioned last week that there was a bit of a buzz around the floor about a cycle of some kind that was to kick in this coming weekend.  We nosed around trying to get a handle on the cycle but got some confusing results.

We think the reason the results were confusing is that there appear to be two very similar but actually different cycles.  They are both based somewhat on the upcoming Lunar Eclipse this weekend.

Arch Crawford, the technical/astrologer talks about the eclipse cycle he follows in one of his recent letters.  He says the last time he had a lunar eclipse with this aspect Chernobyl exploded.  (Sure to get your attention.)

The other mention of an eclipse cycle was made by Steve Puetz in The Unified Cycle Theory Newsletter.  Steve list 15 very severe crashes going back centuries.  He said that 13 of the 15 occurred around an eclipse and a proximate full moon.  His concern window is somewhat wider than Arch’s giving the eclipse effect several weeks to kick in.

We bring the cycles up because of the buzz they’ve drawn on the floor and trading desks.  If folks think they may have any validity, they  might just “press the bet” on any down move.

 

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