Sunday, February 20, 2011

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

Will we get what I call the "fund manager's special" this week? When the stock market dips after opex, and a few days before the next, new-month new-money influx that often gives a lift? Hmmm, it's possible; even if it comes early due to fewer days in February. For cash markets that may be closed, get ready for Tuesday (or trade futures or other markets that may be available... Now, below are the week-ahead cycle-based forecasts from Mike Korell's ChartsEdge (thanks again, Mike!). 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 types 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 confidence). 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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