Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2012 by Patrick Mikula All Rights Reserved

For quite a few years now, I have been pointing out that eclipses accurately find turning points in British Petroleum (BP). Well, this has happened again. Eclipses occur in pairs every few months and one of the pair almost always lines up with a turning point in BP.

The chart below is a daily chart for BP. On this chart I have added the eclipse. Notice that the eclipse marked by a red dot is right on an island reversal bottom. The market gapped down to this eclipse and then gapped back up. This was a very nice example an a turning point occurring on an eclipse date. If you trade BP make sure you watch these dates.

Click To Enlarge

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