“The man who guesses and gambles on hope is sure to lose while the man who follows science makes profits. There is cause and effect for everything and by the time element and the cycle theory everything can be mathematically determined.”
~W.D. Gann
Side topic…yesterday marked a new moon, which is just as good of a reason to stick a fork in the market and declare an impending correction. Nothing disastrous, but I can’t ever remember the Nasdaq closing higher 11 days in a row. Best case scenario, gap up tomorrow morning and short the lunch hour. What upside could there really be? I can’t see myself making this trade, but when the market moves lower tomorrow I’ll be thinking silently to myself… “it figures”.
Blue arrows indicate when a new moon starts….
