HUI's Wave B Short Term Upcycle May Have Peaked Early Today

HUI made a slightly higher cycle high today http://finance.yahoo.com/q/ta?t=5d&l=off&z=m&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c=&s=%5Ehui that is probably it's Wave B Short Term Upcycle peaking. The 5 day chart is a great example of a cycle rolling over. The NEM Lead Indicator should soon turn negative versus the XAU (is modestly bullish right now), meaning that NEM is leading to the downside, if Wave C has in fact begun, which is the parabolic sharply declining part of the Wave 4 minor int term downcycle since 1-31-06. Even Wave C begins relatively flat though. Ciao. http://www.JoeFRocks.com/ Note that NEM hit a Wave A short term cycle low on 2-13 versus HUI/XAU doing so on 2-15 and NEM and the NEM dominated XAU hit potential Wave B short term cycle highs on 2-21 vs 2-22 for HUI. Edit: After I wrote this NEM made a slightly higher cycle high today and the XAU put in a very rare perfect double top with yesterday's cycle high at 141.95. Buckle up!