Cycle forecasts for the week ahead - week of 8/3 in equities and gold, from ChartsEdge

Folks, Chartsedge has issued their week-ahead cycle forecasts along with some comments about shifts happening. (I remember when they made a comment shortly after the middle of March about the cycle forecasts shifting - which they certainly did. (I also remember when ChartsEdge kept me on the right track, holding bearish in February when all else - including Terry Laundry - were going over to a bullish camp.).) Still - if these are new to you, then read up on how they're generated, by looking at the information on the Chartsedge site, much of which I've also posted at my No Bull, No Bear, No Bias site (all links, shown at the right side of the page). Just remember, we never use the forecasts on a "set it and forget it" basis - we always consider them mainly for timing, then to a lesser extent for price levels. Also remember to check before mid-week to see how it's tracking, which is a clue to how well it is likely to track the rest of the week. So, here the info:
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Charts for week of Aug03, 2009 - from Mike Korell, ChartsEdge:

It is normal for the SPX and NDX to be very close in their price patterns. This week, they pointed in opposite directions when I calculated their individual charts. In order to bring the current week into sync for both of the charts, it was necessary to change the length of the cycle periods used to do the pattern recognition process. While the current week has the NDX and SPX with a common pattern, they generally are moving in the same direction for the next 3-months.
That brings me to the other issue. By changing the cycle lengths, the trend direction changed to be moderately bullish. That is an abrubpt change from previous charts. I tend to think that the NDX chart will be more correct this week as well as longer-term. This change is new to me, and may reflect the impact of monetary policy by the US government as well as others.