Sunday, August 26, 2012

ChartsEdge 8/27/12 week forecasts for stocks & gold

When I counted T+3 (trade + 3 days to settle) for a late-month "fund manager" buying opportunity, I got Wednesday for this week - interestingly that seems close to Mike Korell's ChartsEdge cycle-based forecasts for the upcoming week in equity indices and gold (thanks again Mike!). These are the cycle-based charts, meaning forecasts comprising an integrated view of cycles in this time frame. These are mainly a guide for highs and lows, not necessarily absolute price levels. Mike also uses other methods to generate daily updates for intraday, plus month- and quarter-ahead guidance, reserved for subscribers (I believe you're missing out if you don't see the additional forecasting he provides to subscribers for a very reasonable fee). ChartsEdge incorporates computer-analyzed cycles, pattern recognition, data on solar cycles, geocosmics and geomagnetics.

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