Sunday, January 8, 2012
Going down? ChartsEdge 1/9/12 week forecasts for equities and gold
"Going down?" (or up) was the type of greeting from elevator operators, way back when they were manually operated. Little bit of history there! After the high on Tuesday, stock indices mostly went sideways, and gold edged up to moving-average resistance. For a view of what Mike Korell's ChartsEdge forecasts, here are this week's cycle-based forecasts from ChartsEdge for equities 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.