Astro-Cycles: The Trader's Viewpoint: Larry Pesavento
Traders Press | ISBN: 0934380317 | 1997-06 | PDF (OCR) | 190 pages | 8.84 Mb
If you have ever wanted to learn how to trade by the stars, but did not know where to start, this book is for you. Pesavento begins at the very beginning by teaching the basics of astrology. He includes the basic definitions and explanations fo the planetary movements. Included in the topics covered are explanations of the Zodiac and its relationship to the signs and houses, eclipses, equinoxes and solstices as well as Lunar phenomena. In the later part of this book, Pesavento pulls it all together with a discussion on the applications of these planetary cycles to the financial markets with many charted examples. (190 pgs)
Summary: Astro trading for the Beginner
The book is ideal for someone who want to begin to understand what Astro Trading is all about. Larry's presentations are simple to understand. I found the references made and most charts shown to the period between 1985-1988. This may sound a bit outdated but the examples do help to understand when certain planets form certain patterns and the outcome of these pattern formations.
The paper quality and the the quality of the charts need improvement. I also found that certain arrows pointing to certain points in the chart to be slightly off the exact mark. To me this was frustrating because I wasnt sure whether there was a print error or was the error made by the author or maybe I was the one who couldn't see the examples presented clearly. The book needs to have a revised edition with the charts redone
clearly which many software programs are able to do these days.
All said, this is a good book. One which explains astro-trading in a simple format.
Summary: Trading with Astrology
This book give a good introduction to astrological aspects for the uninformed and then describes which ones are key to turning points in financial markets. Pesavento relates astrological relationships of planets to Fibonaccio ratios which are well respected by traders in financial markets. I suggest you buy this book versus his other titles, Planetary Harmonics and Harmomic Vibrations. They have duplicate coverage of many concepts mentioned here and do not add appreciably to the material covered in this book.
Summary: Difficult to confirm validity
While interesting, it is difficult to prove the validity of the authors approach. I would recommend sticking to more traditional means of stock market analysis, i.e. Fundamentals or technicals or a combination of both.
Summary: Astro Nut
Wow. The planets determine stock and futures prices. What a nut bag. The beauty of this approach is that it can never be disproved. It's like me saying that there are chocolate cakes orbiting Jupiter. Now it's up to you to prove that I am wrong. If you believe in astrology then make sure you take a flying leap into bed every night because there is a monster ready to grab you toes hiding under your bed. Start by reading The New Market Wizards and The Ultimate Trading Guide - both great books. PS. The tooth fairy is dead and so isn't using astrology to predict anything.
Summary: ONE OF A KIND REFERENCE BOOK
ASTRO-CYCLES IS AN INVALUABLE REFERENCE TEXTBOOK.PAGE 148 DESCRIBES THE 1-3-5 ENTRY TECHNIQUE USING THE GARTLEY "222" TRADING ENTRY METHOD. THIS INFORMATION ALONE IS WORTH MORE THAN THE PURCHASE PRICE OF THIS BOOK.
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