Trade the Cycles

Saturday, December 03, 2005

The NEM Lead Indicator Was Bullish Last Week

At +1.02% vs the XAU. -1.67% vs -1.62% for the XAU on 12-2, +2.49% vs +3.08% for the XAU on 12-1, -2.54% vs -2.43% for the XAU on 11-30, -0.55% vs -0.69% for the XAU on 11-29, +1.31% vs -0.32% for the XAU on 11-28.

1 Comments:

  • Alice,

    Your guess is as good as mine. If NEM breaks above major resistance a bit below 50 then EW 5 could last another week or more. Good luck. Joe

    By Blogger Joe Ferrazzano, at 6:11 PM  

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