.............The Smart Money Is Selling NEM Big Time

The smart $ is selling NEM the past week. See:

http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=7&mgp=0&i=3&hdate=&x=14&y=10

I'm in cash and have some Puts because the short term and minor int term upcycle trendlines broke down on Tuesday. Minor int term and short term cycle traders wouldn't be long now, even though this strength makes sense cyclewise, it's too risky to trade because the upcycle trendlines were broken. This is risky relatively flat/sideways choppy action the past week, which is day trading action at best if there's enough volatility (there obviously is).