I thought old Charlie needed his own thread.
Technical Analyst Charles Nenner Predicts the Market May Crash in April
"Bottom line: A second deflationary tidal wave may hit the US as early as April. The Dow could crash, possibly heading for a double bottom at 6,000, and bonds could go up for the rest of the year."
http://finance.yahoo.com/tech-ticker...tt_470894.htmlOur guest Charles Nenner, a technical analyst and cycle watcher, sees more downside risk for oil to the $75.50/barrel level, and forecasts crude will be weak for the remainder of 2010.
Was on bloomberg radio yesterday.
Small right shoulder and large right shoulder forming in the DJIA. Nenner called the top to occur in August.
A few days old, but he's calling for Dow 5,000.
I know he's only kidding.
Nenner called a cyclical low in gold to occur in July-September 2013.
What Is Charles Nenner, Godfather Of Cycles, Now Predicting For Gold & Other Markets? - Robert Edwards - Seeking AlphaThey are now looking for a bottom between now and September 2013 after we get through a minor top in mid July 2013. Gold will start up slowly but should return to the old high within the next 2-3 years.
Looks like that low is getting a retest. Will it hold?
Charles Nennner: Buy Gold When it Hits Bottom This Summmer"Now we're in a correction that will take until the middle of February, and then from there we go up again," as price-earnings ratios expand, he told Newsmax TV in an exclusive interview. "But we're going to make a major top this year, and we're going to get in trouble."
Meanwhile, commodities are in a bear market, he says. Nenner sees gold hitting a major low in July and then turning into a good buying opportunity.
S&P 500 (C fund)
||Dow Completion (S fund)
||EFA (I fund)
||Bonds (F fund)