Sunday, October 30, 2011
ChartsEdge forecasts for 10/31/11 week in equities and gold
Will new-month new money do the trick yet again, to provide a treat for traders and fund managers who bought around the 26th "as usual"? And give us another "buy on Monday" type of week? Below are the ChartsEdge cycle-based forecasts for equities indices and gold (thanks again, Mike Korell!). These are mainly a guide for highs and lows, not necessarily absolute price levels. Their month- and quarter-ahead guidance, along with daily forecast charts, are reserved for subscribers. ChartsEdge incorporates computer-analyzed cycles, pattern recognition, data on solar cycles, geocosmics and geomagnetics.