Moon is a satellite of earth but it has been given a status of planet in Indian astrology.Moon Cycles affect the human mind as it wavers as per the phases of growth and decay in the moon cycle.In market price changes occur as per the perception of prices by individuals participating in it.Due to this we find in market a buyer for every seller and vice versa.Moon affects the psychology aspect of human mind causing the changes in prices of a commodity.
As per the old trading secret in markets the strategy is ""Buy the New Moon and Sell the Full Moon".Every strategy has its pros and cons also in built success and failure.I would not like to go into the intricacies of the strategy but I would take a simple clue from this natural phenomenon that " Change in Trend" could occur in the proximity of these days.For a short term trader that is enough to be alert for change in trend and adept a suitable strategy in anticipation of the same.In the above chart I have marked the New Moon and Full Moon days and result is for you all readers to judge on its merits.
Happy Trading.!
(P.S. Today 29/08/2011 was a New Moon Day marked on chart but price is not shown as the software is not updated yet)
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