Sunday, November 1, 2009

ChartsEdge cycle forecasts for the week of November 2 in equities and gold

Here are the week-ahead cycle-based forecasts from ChartsEdge for the upcoming week of October 26. As they remind us from time to time, these primarily depict timing and not necessarily relative price highs and lows. These forecast charts also gain more predictive strength when similar moves are indicated by ChartsEdge's daily BP maps and Pattern Recognition charts (both of which are available daily before the open at ChartsEdge's subscriber site). 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).

Remember, these are just probabilities based on ChartsEdge's analysis of cycles timing. So another useful tool - not as a "set it and forget it" formula, but as information we've seen to be useful in the past and can expect to be useful this week too. Again, when boosted by their daily maps.

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