Trade the Cycles

Monday, January 30, 2006

Looks Like The Monthly Upcycle's Elliot Wave 5 Cycle High Is Occurring

Looking at a 3 month AskResearch.com chart of the XAU, a monthly upcycle (since 12-20-05) Elliot Wave 1 short term cycle high occurred on January 3, a monthly upcycle Elliot Wave 3 short term cycle high occurred in mid January, and a monthly upcycle Elliot Wave 5 cycle high is occurring now, and is probably also the major upcycle's (since 5-16-05) Elliot Wave 3 cycle high.

posted by Joe Ferrazzano at 2:19 PM

1 Comments:

  • Todd,

    Gold stocks hit a very long term/Bull Market cycle low in late 2000, so the Elliot Wave count needs to begin there. NEM/XAU bottomed in Oct 2000 and HUI bottomed in Nov 2000. Gold's Bull began in April 2001. Ciao.

    By Blogger Joe Ferrazzano, at 8:53 AM  

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