Sunday, August 21, 2011
ChartsEdge forecasts for 8/22/11 week in equities and gold
Opex week had an uncharacteristically bearish bias last week, so let's see if this week will also be different by offering some long-side trading opportunities. Below are Mike Korell's ChartsEdge forecasts for the upcoming week (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.