Trade the Cycles

Wednesday, December 07, 2005

.........................Constructive Session

After the early gap up/break out spike move there was a nearly two hour sharp correction followed by a modest uptrend the remainder of the session http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= , but, the upcycle increased in strength during the last hour so it appears that there will be a firm open tomorrow. NEM underperformed the XAU by a relatively modest -0.19% today. I expect NEM to lead to the upside early tomorrow. Given the major breakout today there should be a few more days of upside as I said earlier today. Ciao.

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