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Investors looking to the stars
LONDON, England (CNN) -- Everybody is looking for better results in the current bear market, and some are turning to alternative methods to try to predict market movements. Marcel Landman of Moonastrology.com has helped design an astrology Web site that he says can help people make more money. He told CNN: "We've put in Richard Branson's birth details into the Web site, so you can see up and down his graph. The current week has ups and downs. It indicates the days where he will be more effective. "If he schedules deals where peaks are, he will experience better results," Landman said.
Charting trends is another unconventional technique, which uses graphs to tell a story. David Jones of Global Markets Training showed me a chart of the Dow Jones going right back to the 1940s. "As any market does, it trends. We have been in an enormous bull run since the early eighties, taking into account the 1987 crash, which shows on the graphs. "The markets have been in a great uptrend for the last 13 years, up until 2000. If you look at the last two years, S&P 500, the broader U.S. stock has a fairly clear two-year downtrend in US market, which has been mirrored across the globe," he said. According to the charts, markets should turn down again and revisit last years lows, which contradicts astrologers' predictions that the coming year will see growth. But whether you use crystal balls, watch the movements of the moon or rely on the so-called expert advice of stockbrokers and fund managers, there is no failsafe method to predict whether a share price is going to rise or fall. |
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