Monday, January 2, 2012
ChartsEdge 1/2/12 week forecasts for equities and gold
Welcome to the start of the New Year 2012 in the markets! We'll see if they follow the January 1 fireworks with a fizzle, especially if the Nasdaq indeed underperforms the SPX. Here are 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.