Its fees are obtained from important merchant banks like Goldman Sachs, hedge fund and institutional investors throughout the world. And the fact that the last two forecasts of Charles Nenner of this American organization have come true with clockwork precision has attracted the attention of the daily paper The Wall street Journal and the CNBC financial television broadcasting institution. This publicity has elevated Mr. Nenner to guru of the moment. But Charles Nenner hopes to return soon to the shadows and resume to work far away from the public light for its institutional customers.

With its biweekly newsletter Cycle Forecasting (www.cycleforecaster.com) Nenner had correctly anticipated that the worldwide financial markets would have reached a peak on May 10th, and would then come down. After this, he advised that the US S&P500 and Nasdaq indices would suffer another slide on the 14th of June. Further, he believes that the indices will have a positive direction afterward only until the first week of July, specifically until the 10th, and then they will recommence to suffer, with an improvement toward October to November.

Cycle Forecaster's analyses are based on a compound of mathematical theories, financial factors, psychological theories and above all on a vision from religious thought. "That effect succeeds from cause" - is an sparse explanation of reality, explains Nenner from Jerusalem where he has chosen to live. "Belief in the creation of the world by God is the essential starting point, and that there is a design by the Creator behind all phenomenon that man can discover. As Newton has uncovered the law of gravity and was successful to explain the forces causing an apple to fall, and likewise, the forces that make everything to move - similarly can financial forces be understood." According to this determinist vision, algorithms are possible to create a mathematical formula that, deriving from the repetitive nature of financial data as found in the movements of the markets, that can allow successful predictions using cycle theories. The base thesis is that human interpretation of events and of market tendencies does not change with time, and since markets react to the psychology of the mass investor- knowing what it has happened in the past can be anticipated in the future.

On their own, Nenner's algorithms singlely amend "Wave Theory" as developed by Ralph Nelson Elliott. In Elliott Wave Theory, over the course of twenty years, every market cycle is composed of two types of waves. Five waves go in the main direction, each continued by three waves that correct the trend. Nenner adds to this other instruments of analysis (Gann, Oscillator) and he adds his own conclusions after studying over 200 years of data. He applies his formulas to the US S&P500 and Nasdaq indices, Tokyo exchange data, the price trend of gold, and the dollar, euro and yen obligations and exchange rates. Born as a Jew in Holland and graduating as a medical doctor, Nenner became interested in the financial community in 1983 through a friend, who was a banker specializing in non-profit IPOs, became involved with him concerning the financial options of a particular medical society. Subsequent to this, he has become passionate about studying the markets. Nenner continues his pursuit of perfecting financial forecasting while also deepening his involvement with the Talmud - the compendium of Jewish traditions and advice for daily living.