Sunday, May 6, 2012
ChartsEdge 5/7/12 week forecasts for stocks & gold
The new-month new-money bounce didn't last past a few days! Turns don't always start on Monday's, but we'll see if the down move persists this week.. 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.