Been a while (several months) since I have seen anything from Nenner. Now there are multiple articles in March. His view seems to be the stock market tops by mid-April and heads down. I cannot argue with that and have talked about the 42 month Kitchen cycle which bottomed in March 2009 and should bottom around mid Sept 2012. With longer cycles you tend to get the most downside in about the last 1/8th of the cycle (1/8 x 42 = 5.25 months. October less 5 months is April, or time to head south).
Nenner also says he got out of gold last year around $1900, but it is now time to buy gold (and silver) with a target of $2500 on gold ($50+ on silver). But instead of me telling you - read for yourself - here are the links:
http://www.businessinsider.com/gold-2500-2012-3
http://www.forbes.com/sites/johnnavin/2012/03/25/an-interview-with-technical-analyst-charles-nenner/?feed=rss_home
http://finance.yahoo.com/blogs/breakout/market-rally-peak-next-month-charles-nenner-150005109.html
Gl traders
Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Showing posts with label Nenner. Show all posts
Showing posts with label Nenner. Show all posts
Thursday, March 29, 2012
Tuesday, February 15, 2011
Nenner on bonds 02-11
"Now, in an interview with Business Spectator, he warns that US bonds have now entered a bear market.
Although Nenner says we might see small bounce in bond prices from this point, the low point for bond yields has already passed. (Bond prices move inversely to yields.)."
http://www.businessspectator.com.au/bs.nsf/Article/bonds-interest-rates-Australia-dollar-economy-pd20110211-DY4B9?opendocument&src=rss
See my latest comments on TLT: http://swingcycles.blogspot.com/2011/02/gold-silver-bonds-ags-watch-2-13.html
Although Nenner says we might see small bounce in bond prices from this point, the low point for bond yields has already passed. (Bond prices move inversely to yields.)."
http://www.businessspectator.com.au/bs.nsf/Article/bonds-interest-rates-Australia-dollar-economy-pd20110211-DY4B9?opendocument&src=rss
See my latest comments on TLT: http://swingcycles.blogspot.com/2011/02/gold-silver-bonds-ags-watch-2-13.html
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