From Mike Korell: There is a change in the way that the Market Map charts will be posted.Folks, for the time being, the daily Market Map forecasts will continue to be here, only posted after 8:00 am (to avoid the concern of ChartsEdge that they could be used for pushing around the thinly-traded overnight futures markets). Here are their weekly forecast charts:
These one-day charts are created using a non-cycle based technique and are aimed at intraday trading as well as confirmation of the weekly charts provided here.
For now I have removed these charts from the [ChartsEdge] blog ... and will include [the daily forecasts] to subscribers of the cycle charts[.]



Folks, my own comments - if these forecasts work out as shown, especially for Nasdaq and gold, it looks like a choppy ride in both. I'd love to help give a clear direction for options players and others who benefit from a trending market rather than a choppy market .... and I'm quite aware that Goldman Sachs has been quoted as pointing to Dow 6,000 (as others have been saying, and our own Elliott Wave ideas and Fibonacci retrace levels have been pointing) ... but as I said when looking at the sentiment indicators earlier today in my posts here and at the UBTNB3 blogspot, I don't feel real comfortable saying it's a straight shot down there.
While the SPX forecast from ChartsEdge looks more trending, the NDX forecast looks more choppy. So, best I can say right now using these forecasts is, choose your trading vehicles carefully, and keep in mind your trading capabilities and time frames. If you are daytrading, you may be best off (my guess). If swing trading, respect your margins (as always!), and we'll continue to keep a watch on day-by-day as we navigate the week.
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