Kamis, 29 Maret 2012

03-30-2012 Charles Nenner speaking out

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

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