Sunday, August 5, 2012
ChartsEdge 8/6/12 week forecasts for equities & gold
Will a pullback be needed in order to make this month's opex a bullish one? Given my change in approach at this blog, I'm going ahead to post the full cycles-based forecasts from ChartsEdge for the upcoming week in U.S. stock indices and gold (thanks again, Mike Korell!); because, although you can find them at his site, you'd have to poke about a bit. 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.