Sunday, December 11, 2011
ChartsEdge 12/12/11 week forecasts for equities and gold
The markets remained stuck in tug-o'-war mode, again staggering just under the 200-dma line. Interesting context for this week's cycle-based forecasts from ChartsEdge 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.