Trade the Cycles

Friday, February 17, 2006

My Elliot Wave Count Was Probably Off By 3 Sessions

I now believe (subject to change) that NEM's Wave A down of the Wave 4 minor int term downcycle since 1-31-06 bottomed on Monday 2-13 instead of on Wednesday 2-8 and that HUI/XAU's Wave A bottomed on Wed 2-15, which means that HUI/NEM/XAU are probably in Wave B up of the Wave 4 minor int term downcycle since 1-31-06. This makes a lot more sense than the anemic one day Wave B up from 2-8 until 2-9, given how long the cycles are now. I think Andy and others will be a lot happier with that count, assuming it's correct of course. Welcome to B up!
http://www.JoeFRocks.com/

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