Sunday, October 9, 2011
ChartsEdge cycle-based forecasts for 10/10/11 week in equities and gold
Santa rally from October lows? Maybe from last week's trough as hypothesized in my post last weekend of the weekly ChartsEdge cycle-based forecasts for the S&P 500 (SPX), Nasdaq and gold? Remember that cycles do operate and can boost a market, especially a stock market this oversold. Below are ChartsEdge's 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.