Trade the Cycles

Wednesday, November 23, 2005

HUI, NEM, and the XAU Close Near Session Lows

It looks like HUI and the XAU will fill their downside gaps from 11-21 at 245.01 and 115.10 on Friday 11-25 or whenever the next trading day is. Friday may be a half session, I need to check that. So, short term cycle lows may occur on Friday and short term cycle traders like myself may re enter. NEM outperformed the XAU today by a wide margin of +0.51% which supports the expected scenario that HUI and the XAU hit short term cycle lows shortly after filling their downside gaps from 11-21. There's a good chance that the next buying opportnity will occur on Friday 11-25 assuming the market's open. I'll find out if it's a half day as I think it usually is. The next short term upcycle will probably be the last tradable short term upcycle of this monthly upcycle since 10-20-05 for HUI/XAU and since early November for NEM.

Give thanks for what you have. If you're in good health mentally, physically, and spiritually, that's by far the most important thing, you can always work on the financial aspect if need be. God bless you.

1 Comments:

  • Thanks Larry. I assume you had a good one in Colorado. May the force be with you!

    By Blogger Joe Ferrazzano, at 7:28 AM  

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