Sunday, April 29, 2012

ChartsEdge 4/30/12 week forecasts for equities and gold

Fund managers had to scramble fast for an early "monthly fund manager's special")! We'll see if new-month new money along with the typical May pattern (shown by Mike Burk in his technical report this weekend) boosts stock markets next. Here's this week's set of cycle-based forecasts from ChartsEdge (thanks again, Mike Korell!). These are mainly a guide for highs and lows, not necessarily absolute price levels. Mike also uses other methods to generate daily & weekly forecasts, plus month- and quarter-ahead guidance, reserved for subscribers. ChartsEdge incorporates computer-analyzed cycles, pattern recognition, data on solar cycles, geocosmics and geomagnetics.

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