ChartsEdge weekly forecasts for equities and gold for the week of July 27; and some comments on Dow Theory

Here are the ChartsEdge weekly forecast charts for equities and gold. Again, for those not familiar with these, check out the information at the ChartsEdge site (always in other sites of interest listed at right) or their information that I've included at my No Bull No Bear No Bias blogspot (links at right also). As I understand things (based also on other cycles analysts I review), there may be a trading cycle cresting this week. Much of the art of cycles analysis involves determining how the interaction of short-term, intermediate-term, and long-term cycles interact and either reinforce or mute one another, to result in actual price levels being relatively higher and lower.

Speaking of which, there's that point about Dow Theory and I may as well mention it here! Here's the real deal: the Dow Industrials closed above their January daily closing high, and that's the one to focus on as the prior secondary high point (not the June high). That means we do have the potential for a more bullish signal coming from Dow Theory. But, there is no such signal unless and until the Dow Transports confirm by doing the same. Also, if the Dow Transports do the same, then it would not signal a bull market, but would only signal a stronger cyclical bull within the much larger, secular bear market.

Okay - just had to point that out! Also those are just my own comments above, and not those of ChartsEdge. Without further ado, here are the charts for the week ahead, from ChartsEdge:
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