Charles Nenner on CNBC.
CNBC Video: Portfolio Prophet.
[Note: CNBC videos are available for 24 hours. You can move videos on Charles Nenner on his site.]
Charles Nenner of Cycle Forecaster made another appearance on CNBC this morning. He brought along a couple of charts, including one of sunspot activity and the Dow Jones Industrial Average which shows a connection between increased sunspot activity and better market returns, the underlying theory being that magnetic fields thrown off from the sunspots influence human activity. This indicator suggests a stock market correction at the end of 2007 into 2008, then a market rise into 2013 (Yippie!). A second chart shows the relation between lumber and housing, and suggests the housing market will be weak into 2010.
While watching the sunspot part, I pondered the idea of using the sunspot indicator on a longer term basis, and then using the moon phase indicator for shorter term trades.
[Note: CNBC videos are available for 24 hours. You can move videos on Charles Nenner on his site.]
Charles Nenner of Cycle Forecaster made another appearance on CNBC this morning. He brought along a couple of charts, including one of sunspot activity and the Dow Jones Industrial Average which shows a connection between increased sunspot activity and better market returns, the underlying theory being that magnetic fields thrown off from the sunspots influence human activity. This indicator suggests a stock market correction at the end of 2007 into 2008, then a market rise into 2013 (Yippie!). A second chart shows the relation between lumber and housing, and suggests the housing market will be weak into 2010.
While watching the sunspot part, I pondered the idea of using the sunspot indicator on a longer term basis, and then using the moon phase indicator for shorter term trades.
posted by mh497 at
12:36 PM
2 Comments:
I agree. The only problem is for day trading. I think, however, that a useful timing and directional indicator (the real magic is that you get both)for these very short term trades is the chicken bone.
Few people know that a thrown handful of chicken bones can be read to predict events in the very near term. Voodoo priests have been using this technique for years with success in everything from determining the sex of unborn children to predicting the success of planting certain crops.
The formal science of divination through reading these bones is ASTRAGALOMANCY. Divination sets can go as high as sixty bones, however the basic divination set consists of four to fourteen bones, each of which can be decorated with symbols that indicate positive (masculine) and negative (feminine). The bones are scattered on markings made on the ground then be "read" by a seer.
I won't review all of the indications here but suffice it to say, the power of this technique relies on its uncanny ability to predict the moment of turnaround of a given stock in a minute by minute timeframe. If used in conjunction with stochastics, the trader should use the bones as the indicator and the stochastic simply as a confirmation of the signal given by the bones. Stock selection via this method is obvious. Simply scatter your bones on the IBD ot other paper and look at the ticker symbols that the bones point to. Remember: your bones are only as good as your interpretation. Review the bones often!
Undoubtably, you are asking yourself, "What about Plastromancy, isn't that more powerful?". Plastromancy (from plastron + Greek μαντεία, "divination") is a form of pyromantic divination using the plastron, or undershell of a turtle. It was mainly used in ancient China, especially the Shāng dynasty. This gradually fell out of use during the Later or Eastern Hàn dynasty.
The only difficulty with this obviously powerful screening tool is the availability of turtle shells. If you have ready access, I would certainly opt for this superior tool for selection. I would still opt for the chicken bones for most stock timing issues
Amusing comment/parody, but should perhaps have been shorter.
This guy has a record of making good calls, whatever he's using for indicators.
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