Got cycles? Even chartists who rely on other methods such as technicals, Elliott Wave, Fibonacci and financial astrology, use cycles to factor in timing decisions. We've learned over the past few years to look to the work of Mike Korell with his ChartsEdge work on equities and gold cycles. Below are the week-ahead cycle-based forecasts from his ChartsEdge - thanks again Mike! Do you realize he incorporates fascinating and proven data on solar cycles, geocosmics and geomagnetics? This is good stuff, folks. Now, we cannot issue guarantees because no one single method should be assumed to give 100% certainty, 100% of the time, for where the markets are headed - that's why we refer to several good methods. However, Mike's ChartsEdge's daily (intraday for subscribers) and week-ahead forecasts more often than not give a very good sense about the relative lows and highs to come. (He's also generating different forecasts with different methods in order to help subscribers gain higher degrees of accuracy). There's additional info on that at his website, and some is also at my "UBTNB3" blog. So here's what his basic cycles set showing for this week:
=============
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment