Created on: 2/1/2011 8:16:37 AM Last Update: 3/6/2011 12:11:02 AM Posted by: RTT
WARNING: This entry is 1711 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
What does Charles Nenner see when he said Dow 5000 by 2012? (529)
Charles Nenner is has forged a reputation at being a very accurate market cycle forecaster over the last several years. He runs his business from www.charlesnenner.com. He makes market calls of tops and bottoms, and I accept what others are saying about him. I advise you to google his www statements over the last couple of years. He can be wrong like the rest of us, but he has enough correct to warrant 30 minutes of your Google time. He is on record at saying this.
Charles Nenner said .."Dow will be at 5000 in 2 years (or 2012)"...
So what is he looking at, we do not know how he calculates his cycle algorithms, but it cant be too far away from what we do. So I ran some Hurst cycles scans (via our RTT Cycle Finder Spectrum), selected the cycles with the lowest Bartels score and high profit results, combined them, and this is the result.
Just a guide you understand !If you dont understand the terminology used in the chart, goto 'General information' and select 'Hurst Logic', thanks.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
...“My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market. The stock market is the greatest, most complex puzzle ever invented – and it pays the biggest jackpot…it was never the money that drove me. It was the game, solving the puzzle, beating the market that had confused and confounded the greatest minds in history. For me, that passion, the juice, the exhilaration was in beating the game, a game that was a living dynamic riddle"..
.....“I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..
.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..
John (Jack) Bogle
We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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