Saturday, November 5, 2011

Astrological Investing practiced by Market stalwarts !!!

Once leading American financier J.P Morgan had commented " Millionaires don't use astrology but Billionaires do!!! ". It was common knowledge that J.P as he was popularly known, frequently used the services of a renowned astrologer Evangeline Adams for all his major business decisions.He used the advice to time his financing decisions in U.S Steel, Great Northern & Pacific Railroad.It is also a very public fact that the same astrologer warned J.P not to get on the Titanic !!!

Walt Disney also used astrological cycles to time his opening of his theme parks and movies and he made millions from them.

The greatest Astrological Investor of all times in my opinion was W.D Gann. Those who are using any standard Technical Analysis package must be familiar with Gann Angles/Lines/Fan . W.D Gann was a legendary trader/analyst from the 20th century who was also a mathematician, astronomer and also an astrologer.He analysis methods were arcane but he did use astrological lunar cycles and combined them with charting techniques.One of his important techniques, the Gann Cardinal Square was said to be inspired from the structure of Indian temples.He did spend some time in India to gain mystic knowledge.The bottom line is that the man made 50 million dollars trading with the principles he developed(though he lost a major portion of his fortune in the later years). It is said that Gann wrote his secret code in his encoded book "The Tunnel through the Air" which is very difficult to understand and demands a lot from the reader.Perhaps a detailed article on his techniques later.

On Wall Street and Fleet Street financial astrologers are known as 'business consultants'.It's an open secret that a significant number of hedge fund managers ,traders and HNI investors use financial astrology to their benefit.. Maybe like Technical Analysis , Financial Astrology someday will  become a mainstream predictive technique in the financial markets.

No comments:

Post a Comment