Market Talk – May 3, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 closed Shanghai closed Hang Seng increased 268.79 points or 1.48% to 18,475.92 ASX 200 increased 42.00 [...]
It is Always a Matter of Capital Flows
QUESTION: Do you use astrology as one of your inputs as to cycles? There are, as you most likely know, financial astrologers who have tracked the patterns of planets that co-incide with market movements.
ANSWER: No. I am fully aware that some people use that and I have been told sometimes it lines up with our targets once in a while. Our model is strictly correlating hard data – nothing subjective. Following the movement of capital is the breadcrumbs through the forest.
My personal goal is to step back and let the computer write the reports and forecast the world.
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