Sunday, October 18, 2009

ChartsEdge weekly cycle forecast for equities and gold, week of 10/19

Here are the week-ahead cycle-based forecasts from ChartsEdge for the upcoming week of October 19. As they remind us from time to time, these primarily depict timing, and gain more predictive strength when similar moves are indicated by the ChartsEdge daily BP maps and Pattern Recognition charts. More information on how they generate these cycle-based forecasts is available from the ChartsEdge site (link above and in list at right), much of which I've also placed at my NB3 education site (link at right).

And I agree with Mike's comment just made to the immediately prior post - guess the way I'll say it is, that the market Icharus (sp?) has flown so close to the sun, I think the wax is melting and we need to be on guard for a fall! Seems like the big question is, will it just test 1020 and likely 940? Or retest the March lows?

But without further ado, here's the week-ahead view from ChartsEdge:
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