Trade the Cycles

Friday, January 13, 2006

........................NEM, XAU Make Higher Highs

More upside surprise. HUI hasn't exceeded Monday's high, at least not yet. Since 1-3's huge spike move when NEM rose +7.02% HUI, NEM, and the XAU's short term upcycle has rolled over/flattened out (see link, today's bar is missing), but it's a monster so it's difficult to call a top. "Trade the Cycles" isn't about calling tops anyway it's about using cycle trendlines, because you can't guess this stuff. This strength is consistent with the long term upcycle since 5-10-04 having become very strong, which is resulting in more and more upside surprise. Today's bar is missing from the chart at the link below:

http://finance.yahoo.com/q/ta?s=%5EHUI&t=3m&l=off&z=l&q=b&p=&a=m26-12-9,p12,fs,w14&c=

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