Sunday, June 19, 2011

ChartsEdge week-ahead cycle-based forecasts for equities & gold

Swing traders should watch closely this week; daytraders may do better, as the stock markets give off uncertain signs whether they can turn bullish from the levels we're now testing. On one hand, the post-opex week is traditionally weak, and we'd expect a low late this week or early next week for end-June window dressing and the new-month new money plus the July 4 Independence Day holiday. But KI$$ traders and all investors, be aware - the markets are very, very weak now. Below are the cycle-based stock market and gold forecasts from Mike Korell's ChartsEdge, for this upcoming week. Remember that it's primarily to get a sense for highs and lows, not necessarily absolute price levels. While the month- and quarter-ahead guidance, along with day-ahead forecast charts, are reserved for subscribers, the week-ahead set is shared publicly, see below (thanks again, Mike!). ChartsEdge also incorporates data on solar cycles, geocosmics and geomagnetics. Their forecasts come in several types for subscribers using not just computer-analyzed cycles but also beta waves and pattern recognition. There's additional info on that at his website (and some is also at my "UBTNB3" blog), see links above and at the right side of the page here.
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