.........................New Cycle Definitions!

Hooya! Per Elliot Wave there are three minor intermediate term upcycles in each major intermediate term upcycle, see http://www.joefrocks.com/GoldStockCharts.html for HUI and NEM's latest 1 year charts that show the Elliot Wave Points and see the XAU 3 year chart dated 5-16-05. There are Elliot Wave 1, 3, and 5 minor intermediate term upcycles and there are two minor intermediate term downcycles, the Elliot Wave 2 and 4 minor intermediate term downcycles.

Each minor intermediate term upcycle may be comprised of more than one monthly cycle if a 2% sell signal occurs followed by a 2% buy signal for a new monthly cycle buy signal. The monthly cycle has been resurrected! The monster upcycle that began on 12-20-05 was a monthly NOT a minor intermediate term upcycle. The Elliot Wave 3 minor intermediate term upcycles began on 10-20-05 for HUI/XAU and on 11-4-05 for NEM, and, ended last Tuesday 1-17. 2% sell signals occurred on Wednesday 1-18. Active traders should always act on 2% sell signals, because there's judgment involved in calling the three Elliot Wave minor intermediate term cycle highs that occur in a major intermediate term upcycle. Investors will of course wait for a 5% major cycle sell signal (5% follow through after the major upcycle's channel breaks down) in the major upcycle's third Elliot Wave 5 minor intermediate term upcycle (Wave 4 down began last Tuesday). Ciao!