of Technical Market Indicators
by Robert W. Colby, CMT
The use of astrology and astronomical cycles applied
to analysis of financial markets is complex and
controversial. It is well known that W.D. Gann, a highly
influential technician and trader
who practiced in the first half of the 20th century, intensely
applied astrology to market timing, reportedly with remarkable
success. Unfortunately, Gann’s methods are not fully
disclosed in his writings.
Astrological literature accumulated
over the past 4000 years could fill whole libraries.
It was an important academic discipline
taught in major universities until just a few hundred years
ago. Today astrology has fallen out of fashion on campus, but retains a wide following off campus.
Few market technicians
acknowledge any attempt to incorporate astrology into
their work. Some unknowable number of large
money managers take an active but secret interest in the
subject. Arch Crawford and Bill Meridian are the most prominent
analysts who openly use astrology in their work.
has been named “Wall Street Best Known Astrologer”
by Barron’s Financial Weekly, based
on his many uncanny predictions over the past 40 years. He
is famous for calling the crash in '87, months in advance,
and he correctly predicted bear markets in July 1990 and March
2000. Crawford also has pinpointed in advance many minor trend
changing dates, such as a temporary bottom on April 4, 2001.
And his forecast extended beyond market turns. In his newsletter
dated September 4, 2001 just seven days before the World Trade
Center was hit in New York on 9/11, Crawford specifically
identified two separate Mars aspects that could lead to war
and a steep drop in stock prices in days ahead.
Crawford offers a popular
investment services focusing on market timing for
the U.S. General Market Price Indexes as well as futures,
including U.S. Treasuries, Gold, Oil, and foreign currencies.
For more than two decades he has published a monthly newsletter,
Crawford Perspectives. Crawford’s combination
of using astronomical cycles and technical analysis to make
market calls has earned him top ratings in market timing in
the Hulbert and Timer Digest surveys.