Trade the Cycles

Tuesday, December 06, 2005

The NEM Lead Indicator Was a Very Bullish +1.28% Today Vs The XAU

There's probably at least two more days of upside in the monthly upcycle's Elliot Wave 5 short term upcycle. The NEM Lead Indicator was a very bullish +1.28% today vs the XAU after being bullish at +0.61% yesterday and bullish last week at +1.02%. A test of major resistance at 49.50ish for NEM is likely tomorrow. Buckle up!

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