Sunday, July 17, 2011
ChartsEdge cycle-based forecasts for equities and gold
Will we see more consolidation before markets try to rally again? Below are the week-ahead 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 (and sometimes alpha) wave-based charts and pattern recognition forecasts. 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.