Sunday, January 22, 2012
ChartsEdge 1/23/12 week forecasts for equities and gold
If the bearish scenario is wrong, then we'll only get a quick dip instead of a deep low ahead. So let's watch carefully - and to help prepare, here are Mike Korell's ChartsEdge cycle-based forecasts for equity indices and gold (thanks again, Mike!). 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.