Sunday, October 16, 2011

ChartsEdge forecasts for 10/17/11 week in equities and gold

Could the stock market zigzag sideways or in a range to work off the overbought condition? See what you think, from ChartsEdge's cycle-based forecasts for stocks (and gold) this upcoming week (thanks again, Mike Korell!). 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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