Sunday, March 6, 2011

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

It's clear the stock market hit some pockets of volatility, and we're forced to wonder if the federal funding "patch" also helps float it longer or not. But we're entering the mid-March time period that we've expected to be difficult for the markets. Maybe the bears can do something.... 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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