Tuesday, August 31, 2010
ChartsEdge forecast commentary for Aug. 31
People were talking about an apparent double bottom at the end of last week but the ChartsEdge cycle-based week-ahead forecast suggested this weekend that another test of $SPX 1040 would occur. Yesterday made that seem like it could happen fast. ChartsEdge subscribers got to see Mike Korell's day chart for yesterday that forecast the slope down remarkably well. Today he is sharing his day chart and comments at his webpage at http://www.chartsedge.com/wp/ - thanks once again Mike!
=============Mike Korell | Filed under: One-Day Market Map | No Comments »