Sunday, May 27, 2012
ChartsEdge 5/28/12 week forecasts for equities & gold
The stock market, and gold, could use a respite bounce (even if we must brace for a retest of the lows at some point); and new-month new money might help. Here are the forecasts from ChartsEdge for this week (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.