...........Short Term Cycle Sell Signals May Occur Today

In the XAU's 5 day chart, 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= , it appears that a short term cycle high occurred early today as it probably did for HUI and NEM. 1% follow through is required for a short term cycle sell signal. One can't rule out a rebound and still higher short term cycle highs until a short term cycle sell signal occurs. NEM is slightly outperforming the XAU right now, so higher short term cycle highs won't be a big surprise.

Reliable lead indicator NEM hit a parabolic short term cycle sell signal early yesterday after rising 6%+ in about one session's time, which foretold (it appears) an imminent short term cycle high. The parabolic trendline of course was the 6% spike move's uptrend line, and, the flatter uptrend after that was the so called straight short term upcycle trendline.