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The Practical Investor, LLC has been a Registered Investment Advisor since 2000. The services offered through The Practical Investor, LLC include management of investment portfolios, private consultation and an investment newsletter service called the Inner Circle (by subscription). Anthony Cherniawski, the Chief Investment Officer, has developed a proprietary management system using cycles as the basis for navigating the choppy and sometimes volatile investment waters. While most other forms of analysis tell the observer what has already happened, cycles offer a limited forecasting capability due to their repetitive nature. Prices move in a manner that may initially appear to be random, but with study show an underlying order. Cycles and waves are reflections of this underlying order. Anyone who studies the markets with an open mind may see that there is indeed an order to all markets, especially in the formation of highs and lows, which are focal (pivot) points or high/low energy levels in any given market. Just as there are seasons in the year, the various markets also offer the investor/observer a chance to profit from the change in seasons. Certain cycle patterns have been identified as far back as 1789 in the U.S. markets. The European markets reveal cycle patterns back to 1620. The study of cycles may be accompanied by other patterning techniques that enhance the accuracy of the cycle projections. Anthony uses a multi-disciplinary approach that may help improve the outcome of investment decisions. Cycles are not mechanical, but organic, based on the millions of decisions made by the investment public and by institutions. One can choose to follow the herd or make an independent decision that may lead to greater profits and preserve hard-earned principal by a less-used path. |
Gold Wars: What is the Difference Between a Correction and a Reversal? ![]() Tony Cherniawski
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