Sunday, December 5, 2010

ChartsEdge week-ahead cycle-based forecasts for equities and gold

Time is almost more important than price when managing trading and investment. So it sure helps to have input about the timing from cycle-based methods. It's true that I do cross-check Terry Laundry's T Theory charts and comments (in the list at right), which has had me expecting a crest in this time window for the stock market and gold. I'm also very glad to post and refer to the week-ahead cycle charts of ChartsEdge, based on cycles and other back-tested data (thanks again Mike!). I was early but probably not wrong in trying to short gold (GLD) just over a week ago ... so now we'll see, this week and month! Below are the week-ahead cycle-based forecasts from his ChartsEdge. it's fascinating that in some of his work, he also incorporates proven data on solar cycles, geocosmics and geomagnetics. The ChartsEdge forecasts come in several styles for subscribers; these are simply cycle-based maps to be used as one guide, not necessarily a standalone single method - 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 shows for this week:
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