Sunday, July 31, 2011
ChartsEdge forecasts for equities and gold this 8/1/11 week
Mike Korell was spot on by warning of a bearish inversion last week so let's see what he's forecasting with for stocks and gold this week with his ChartsEdge (thanks again, Mike!). As udual, these are mainly a guide 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. ChartsEdge also incorporates data on solar cycles, geocosmics and geomagnetics. The 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.