Sunday, May 24, 2009

ChartsEdge cycle forecasts for the week of May 25 in equities and gold

Here are this week's cycle forecasts from Chartsedge (site included in other sites listed at right, where subscription information is located for the longer-term charts). If these are new for you, then you can locate more information about them from ChartEdge's site, as well as prior posts here under the "Chartsedge weekly" label and at my No Bull - No Bear - No Bias (tm) blogspot. And a couple of reminders for all my readers - first, remember to consider these mainly for timing and not necessarily for levels; if you see the levels start to get skewed relatively higher or lower, then you know a bias undercurrent is affecting it; and if it just seems to be not working, then pay more attention to other factors. So as useful as these can be, don't rely on them as a "set it and forget it" method. Having said all that, quite a helpful tool in my experience, to incorporate the cycles affecting the upcoming week, so once again thanks to Mike Korell and ChartsEdge for these:

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