Sunday, August 7, 2011

ChartsEdge 8/8/11 week forecasts for equities & gold

Now that the cycles may have turned bearish, it's possible the trough hasn't been carved yet. At least that seems to be the warning of Mike Korell's ChartsEdge forecasts as shown below (thanks again, Mike!). As we've explained before, 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.

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