I don't know if you would recognize the name Larry Williams or not but, he's been a long time very successful full time stock and commodity trader who has done a great deal of his own research and has even sold some investment books over the years. He is the inventor of the Accumulation/Distribution indicator and also Williams %R (percent of range). Anyway, in his book "The Selection and Timing of Stocks for Immediate and Substantial Gains", he talks about the research he did and even shows a chart to back up his findings (very impressive by the way) of how you could use the phases of the moon as one of your timing tools. At the NEW moon, markets tend to top out go down and at the FULL moon, markets tend to want to find support and then rally. When I first read that, I thought he must be nuts or something but, I always do my due diligence and test out the things that I read to see if they actually do work for me. I was completely amazed at my findings. So, now when I assemble my tools for timing my trades, the moon is one of the things that I always consider among lots of other indicators to help me time my trading. The next full moon (June 15th) is during the week of the June the 13th. And, just by-the-way, this is a holiday weekend and when we get back to trading next week, it will be June and the 2nd (Thursday) is the NEW moon and a time that historically favors market tops. For that top to form early or late is not unusual. In this case, I think we saw it today.
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